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2017 Key Issues Impacting Real Estate

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CLEVELAND OFFICE
13940 Cedar Road, Suite 196
University Heights, Ohio 44118
Office: 216-920-7573

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Ann Arbor, Michigan 44104
Office: 734-995-1383

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FRG is a commercial real estate appraisal, economic analysis and consulting firm. Our clients include lending institutions, municipalities, governments agencies and private investors.

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FRG Real Estate Services @frg_ohio ·

16 Mar

Check out CoStar's MFH predictions for 2024
https://bit.ly/43BHK5H #CRE #MFH #FRG

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FRG Real Estate Services @frg_ohio ·

15 Mar

The Port of Cleveland has approved $15M in bond financing for Franklin Yard, a new residential and historic rehabilitation project on Cleveland’s Near West Side which will include the restoration of a former YWCA women’s residence. #CRE #FRG

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FRG Real Estate Services @frg_ohio ·

7 Mar

Baltimore City Council passed bills to turn the public park around the Inner Harbor into apartments, retail and parking spots. #FRG #CRE

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FRG Real Estate Services @frg_ohio ·

29 Feb

Pittsburgh Steelers and a developer team up for $30M mixed use development in a parking lot across from Acrisure Stadium. #CRE #FRG

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FRG Real Estate Services @frg_ohio ·

23 Feb

A new $14M 3-story seniors apartment complex built in Maple Heights with the help of an $11M affordable tax credit from the Ohio Housing Finance Agency is accepting applications. #FRG #CRE #MFH

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FRG Real Estate Services @frg_ohio ·

17 Feb

Baltimore is close to finalizing a $15.2M deal to purchase two hotels (Holiday Inn Express and a Sleep Inn) in the area of Gay and Front St to be used as housing for the city’s homeless residents. #FRG #CRE

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FRG Real Estate Services @frg_ohio ·

8 Feb

Western Reserve Land Conservancy purchased Euclid Beach mobile home park to become an expansion of the Cleveland Metroparks. #FRG #CRE

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FRG Real Estate Services @frg_ohio ·

1 Feb

The Bulkley Building on Euclid Avenue, former home to administrative offices for Playhouse Square, is undergoing a $50M renovation to include 84 apartments on the top floors. #FRG #CRE #Playhouse

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FRG Real Estate Services @frg_ohio ·

27 Jan

50% of all U.S. tenants spent more than 30% of their income on rent and utilities; and middle-income renters, the percentage rose 5.4 points from 2019 through 2022. #FRG #CRE #rent

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FRG Real Estate Services @frg_ohio ·

19 Jan

Downtown Pittsburgh's 901 and 903 Liberty Ave. and 610 Wood St. are being packaged as highest best use conversion into 100 residential units. #FRG #CRE

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FRG Real Estate Services @frg_ohio ·

11 Jan

Cleveland Metropark's $3.5M acquisition of 3.3 acres from Grain Craft furthers their goal of a network of parks and public spaces on the east side of the river per the City of Cleveland’s Vision for the Valley master plan.
#FRG #CRE

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FRG Real Estate Services @frg_ohio ·

29 Dec

7 Cleveland projects receiving tax credits from the state to help developers rehab historic buildings. #FRG #CRE #Cleveland

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FRG Real Estate Services @frg_ohio ·

6 Dec

Amtrak service linking Cleveland, Columbus, Dayton and Cincinnati awarded federal funding. And new/expanded service btwn Cleveland, Toledo and Detroit selected for the Federal Railroad Admin new corridor development program.
#FRG #amtrak

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FRG Real Estate Services @frg_ohio ·

6 Dec

A new, small-format (40k sq-ft) Meijer being built in Cleveland’s Fairfax neighborhood will open on Jan. 16.
#FRG #CRE #Cleveland

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FRG Real Estate Services @frg_ohio ·

24 Nov

Today is the soft opening of Our Neighborhood Farmstead in what was the old Hartmans Farm building in Franklin Park. It is now a retail space and greenhouse for local farmers, butchers and artisans. #FRG #CRE #Pitt

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FRG Real Estate Services @frg_ohio ·

17 Nov

Cleveland-based developer plans to build three-story, 52-unit Carrick Senior Apartments on the site at 2531 Brownsville Road at a key corner in the neighborhood’s commercial corridor.
#FRG #CRE #Pitt

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FRG Real Estate Services @frg_ohio ·

2 Nov

Turneytown in Garfield Heights could become a test case for dense transit-oriented development being explored by the Cuyahoga County Planning Commission in a yearlong study nearing completion. #CRE #FRG

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FRG Real Estate Services @frg_ohio ·

19 Oct

University of Michigan planning a $631M 5-building student housing complex on central campus which will add 2,300 beds and 900-seat dining hall, hailed as the largest project of its kind in the country. #CRE #FRG

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FRG Real Estate Services @frg_ohio ·

15 Oct

More than a dozen agencies are together under one roof providing services for hunger, employment, housing and healthcare at the new Greater Cleveland Food Bank’s Community Resource Center.
#FRG #Cleveland #CRE

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FRG Real Estate Services @frg_ohio ·

6 Oct

There are 3.9M fewer low-cost rentals available in the U.S. now than a decade ago. However, Toledo, OH, and Akron, OH, are the 2nd and 3rd most affordable U.S. housing markets for renters. #FRG #CRE