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Cleveland: General Business & Economic News

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7 hours ago, surfohio said:

San Antonio is a fine place to visit. They have that nice "river" walk. And a vegan restaurant. But screw Victory Capitol. Top talent my ass. It's a minor league city that's lucky to have a basketball team. 

 

The city proper is 4X the size of Cleveland, and even bigger than Dallas.  The metro area is the size of ours not including Akron.   Plus the taxes are probably lower in Texas.

 

But my guess is someone from USAA is running it now, or will be soon.   That's how Nestle moved to Solon, and how it moved away.

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I'm cross-posting this with another article about new real estate investment firms opening offices in Cleveland. This says as much about Greater Cleveland's economy as it does about the downtown office market...

 

Bellwether Enterprise opens new headquarters in downtown Cleveland

https://www.rejournals.com/getdoc/ee8334bb-5ed5-4219-87b5-5b479740dc4d/bellwether-enterprise-opens-new-office-in-downtown.aspx

 

Motto Mortgage opens office in Cleveland

https://m.mpamag.com/news/motto-mortgage-opens-office-in-cleveland-122347.aspx

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Oops, found another one...

 

Northeast Ohio's office, industrial real estate markets grew in 2018

https://www.crainscleveland.com/real-estate/northeast-ohios-office-industrial-real-estate-markets-grew-2018

 

And another...

 

Cold weather conditions test Northeast Ohio's hot building market

https://www.crainscleveland.com/real-estate/cold-weather-conditions-test-northeast-ohios-hot-building-market

Edited by KJP

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On 1/11/2019 at 7:55 AM, E Rocc said:

But my guess is someone from USAA is running it now, or will be soon.   That's how Nestle moved to Solon, and how it moved away.

 

I suspect that the move was a condition of the acquisition and Victory (looking at the rare chance to double their size) couldn't say no. USAA is very civic minded; but their rep in the investment management business has never been great - their funds tend to underperform and their customers were derived from their insurance business which they ARE good at. San Antonio, however, is not a hotbed of managerial talent. That's why AT&T left in less than a year after they merged and moved in with Southwest Bell.

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January 17, 2019 03:37 PM 2 HOURS AGO

Medina firm buys, combines two realty brokerages

STAN BULLARD

 

A new name is debuting in Northeast Ohio commercial real estate brokerage as two well-established ones disappear following their acquisition by an affiliate of Pleasant Valley Corp., a construction and property services provider based in Medina.

 

NAI Pleasant Valley is the name of the new firm, which principals of Pleasant Valley formed as they acquired NAI Daus of Beachwood and NAI Cummins of Akron. NAI Pleasant Valley will add a new realty brokerage office at its headquarters in Medina and continue to operate the Beachwood and Cleveland offices of the predecessor firms.

 

MORE:

https://www.crainscleveland.com/real-estate/medina-firm-buys-combines-two-realty-brokerages

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