The westside of Cleveland is going to be growing.  American Greetings plans to build a new location in the Crocker Park area of Westlake.  This means more cars and people traveling on and off of I-90, can it be done?  Read more by Michelle Jarboe with The Plain Dealer.

C-III Capital Partners LLC (C-III) announced today that it has entered into a definitive agreement to acquire NAI Global, the largest and premier network of independent commercial real estate firms worldwide.  C-III is led by Andrew L. Farkas, who founded and was Chairman and CEO of Insignia Financial Group, Inc. (NYSE:IFS).  NAI Global will continue to operate as a separate company under its current management following the acquisition. NAI manages a network of commercial real estate firms comprising 5,000 professionals…

It was announced this week that 200 Public Square in Cleveland, Ohio is up for sale.  The story was first featured in The Plain Dealer and our very own Alec Pacella received the opportunity to get quoted in the article.  Alec was on the team that sold the building back in 2005 to the current owners.  Want to read the full article and Alec’s view on the situation, read on…

Robert Wetzel, Broker Associate at NAI Daus recently completed two lease transactions on Ingersoll Drive in Rocky River, Ohio.  Automotive Events, which specializes in the development and management of authentic public relations events in the automotive and motorsports industries, will occupy 11,600 square feet of warehouse space located at 19954 Ingersoll Drive.  In another transaction Renuvo Inc., a fashion salon will revamp 7,200 square feet of showroom/warehouse space located at 19900 Ingersoll Drive.  Robert Wetzel of NAI Daus was the…

Robert Wetzel, Broker Associate at NAI Daus recently completed a $595,000.00 Investment Sale to 4963 Properties LLC.  The 5,200 square foot retail center located at 4963 Darrow Road in Stow, Ohio was on the market for only 30 days until 4963 Properties LLC placed the property under contact.  Great Clips and Bruegger’s Bagels occupy the 5,600 square foot retail center, and currently there is 1,400 square feet of unoccupied space, which Chris Seelig, Sr. Vice President at NAI Daus is…

In the May issue of Properties Magazine, Alec Pacella, Sr. Vice President at NAI Daus discusses the use of Demographics and Psychographics and how they are used in finding new commercial space.  If you are just starting a small business or a large company looking to move locations the use of demographic and psychographics can play a huge role in where you want your new location.  Read the full article online, Scratching the Surface – (scroll to page 34). NAI…

Robert Wetzel, Broker Associate of the Wetzel Group of NAI Daus recently completed two office/warehouse transactions in Northeast Ohio. Earnest Machine Products recently signed a lease to occupy 19871 Ingersoll Road in Rocky River, Ohio.  They are expanding and will be using the 10,000 square feet for product testing.  Robert Wetzel of NAI Daus was the lead in this transaction and represented the Landlord. In another transaction, Robert Wetzel of NAI Daus represented the Seller in a 7,500 square-foot office/warehouse…

This month (March) in Properties magazine Alec Pacella, Sr. Vice President here at NAI Daus discusses internal rate of return (IRR). Want to know what this means and what it measures? Read more…

Northeast Ohio has always been a manufacturing area, and now with the launch of Dream It, Do It by MAGNET, manufacturing will make a effort to stay around.  Many local colleges and universities are creating programs to help educate and advance workers and students in manufacturing.  Read more

  Ira Krumholz, President of BPS Mgmt Inc. of NAI Daus in Cleveland, Ohio, was honored by NAI Global with its Council Appreciation Award. The award recognizes Krumholz’s leadership as chairperson of the NAI Global Property Management Council in 2010.  NAI councils are working groups of specialists across the NAI network that come together to share experience and develop best practices that result in the highest level of service for clients. The award was presented in a ceremony at the NAI…