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Woodside Health, based in Independence, has sold three office campuses to a Texas investment firm for $25.5 million. The buildings, developed between 1985 and 1989, have a residential look and are primarily occupied by medical groups. Woodside had updated the properties over the past five years and conducted a quiet marketing campaign to test the market. The sale was aided by the fact that the investment firm already had investments in Northeast Ohio. Woodside's portfolio is primarily located in the South and Southwest. [Extracted from the article]

"Our warehouses are full", says George Lucas Pfeiffer, executive vice president and chief marketing officer at Roselle-based BOS Holdings, which operates Affordable Office Interiors and is also a new-furniture dealer. The boom in unused desks and cube walls: A flood of furniture and fixtures is pouring in from high-rises and office parks. "For every action, there's an opposite reaction", says Mason Awtry, CEO of Chicago office services firm Wurkwel, which owns used dealer Office Furniture Center at Roosevelt Road and Cicero Avenue. [Extracted from the article]

So, aside from the paint work that is done to multiple vehicles at a time, each Driverge and Mobility Works vehicle is converted by one person at a single station. The company now is better able to get the new vehicles it needs for its conversion work, after facing shortages during the pandemic, said Driverge director of manufacturing Shane Probst. The wheelchair-accessible vehicle maker Driverge Vehicle Innovations and its Mobility Works unit on Tuesday, Feb. 14, opened the company's fifth production line at the site. [Extracted from the article]

Akron's roughly 30-acre Innerbelt property has been vacant for more than five years now, leaving an empty chasm of presumably valuable real estate in the middle of downtown. In other words, projects exactly like the Innerbelt, which is well-known for having displaced some of Akron's prosperous Black neighborhoods and business districts when it was built. [Extracted from the article]

Failing to pay most of its property taxes since 2019 has landed the owner of a four-floor Westlake office building in a foreclosure proceeding filed by Park National Bank of Cincinnati. Westlake 555, led by investor David Gonen, had not filed an answer to the lawsuit by Wednesday, Nov. 9. [Extracted from the article]

Mayor Lori Lightfoot's effort to turn downtown Chicago into a neighborhood faces steep challenges, but it's worth a try. In another encouraging development, Google's plan to acquire the Thompson Center and fill it with thousands of workers could boost demand for downtown housing. Before COVID-19, companies were flocking downtown from isolated suburban office parks. [Extracted from the article]

As the executive director of the Sunset Park Business Improvement District, David Estrada is the neighborhood's liaison to city government. Last year Estrada found himself at the center of the biggest controversy concerning Sunset Park in decades: the rezoning proposal for Industry City. [Extracted from the article]

"This is a housing development with some ranch units and some two-story town homes, as well as a mixed use development at the front of the complex that has both retail in it and some loft style apartments", said Randy Parsons, president of Mann Parsons Gray Architects in nearby Fairlawn, which is working on the project. Parsons and Triton president Alan Gaffney spoke to Akron City Council July 11 as they sought support for a conditional-use variance needed to do the retail portion of the proposed project. Akron's White Pond Office Park might be about to get some new tenants - more than 200 of them. [Extracted from the article]

The Farmington Hills-based real estate firm paid $37 million for the retail and office and some of the parking portions of Birmingham Place, located at 401 S. Old Woodward Ave. sandwiched between Hazel Street and Brown Street. Bacall Companies LLC has purchased another downtown Birmingham property. [Extracted from the article]

A land deal 21 years ago in Amherst may soon bear fruit for Ray Fogg Corporate Properties, thanks to the industrial building boom. Looking ahead, Fogg said the company is getting ready to pursue a 350,000-square-foot industrial building at its Bluestone Industrial Park in Euclid and a 100,000-square-foot building on Snowville Road in Brecksville. [Extracted from the article]

Mentor has long been known for big buildings, from Great Lakes Mall to massive former industrial buildings that are now multitenant business parks under very big roofs. The current office houses seven lawyers, while the new one can allow the firm to expand to as many as 20 attorneys in Mentor. [Extracted from the article]

The old Birmingham post office building parking lot is slated to be the next site where a developer wants to put up a new building in the tony Oakland County town's central business district. Construction has begun on the five-story building at South Old Woodward and Brown Street that is expected to house a new RH (formerly Restoration Hardware) store, and immediately west of that, there is a Ron Boji plan to build another five-story building totaling 102,000 square feet at 294 E. Brown. [Extracted from the article]

The article discusses U.S. politician Carlos Menchaca has sent a letter to Andrew Kimball, chief executive officer of Industry City saying he would withhold his support that would all but doom the rezoning request unless Industry City allowed more time to address concerns that the development will exacerbate the displacement, rising rents and gentrification already affecting Sunset Park. It also mentions that similar concern were shown by Jerold Nadler and Nydia Velazquez.

Just 54,000 square feet is left in the park's fifth building, Fogg said, and there is interest in that remainder, so the company is readying the next structure. Spring has sprung, and Ray Fogg Corporate Properties is readying plans to build another structure, its sixth, at the Seasons Business Park in Stow. [Extracted from the article]

But Group RMC is part of a recently growing pool of buyers betting brighter days are ahead for suburban offices, particularly those updated with amenities that will help companies compel employees to want to work from an office rather than home. An East Coast real estate investor that was buying up west suburban office buildings before the COVID-19 pandemic has come back for more, striking deals to spend close to $100 million on four Downers Grove properties. Suburbs. [Extracted from the article]

Developer and builder Greg Geis said that his family had watched the property for decades. A busy developer of business parks aims to start moving dirt next year in Portage County, on a 470-acre property set to be the largest construction-ready site in Northeast Ohio. [Extracted from the article]

Focuses on the high technology companies based in the Silicon Prairie, an office park in the Champaign-Urbana area of Illinois managed by Peter Fox. Names of companies leasing headquarters and facilities in the area; Investment made for developing the park.

That's according to James Housler, the founder and managing partner of Cypress Capital Family Office & Wealth Management LLC, who Bhargava has tapped to head up the endeavor. The latest venture from Farmington Hills-based billionaire businessman and philanthropist Manoj Bhargava seeks to be the "anti-Goldman Sachs." Bhargava, the founder of the 5-Hour Energy caffeine and vitamin drinks through his company Living Essentials LLC, is also the man behind a slew of other projects. [Extracted from the article]

Scannell Development Co. of Indianapolis has lined up two more sites, taking to four the number of industrial buildings it plans to construct this year in Northeast Ohio. Terry Coyne, a Newmark vice chairman who represents Scannell on the Bedford Heights building, said the site will have strong visibility, and the building will be designed to serve multiple tenants rather than a single one. [Extracted from the article]

Indianapolis-based real estate developer Scannell Properties is having architects design a sprawling warehouse building that will occupy the last 17 acres of Cornerstone Business Park in Twinsburg. In Scannell's case, the company positioned itself to build the last structure that Cornerstone can accommodate by leasing about half of a 276,000-square-foot building it finished late last year to accommodate what Elam described as a "Fortune 100 company" that he would not identify specifically. [Extracted from the article]

If ever there were a moment for suburban office landlords to get the attention of companies in the city, it's the reopening of the local economy from the COVID-19 pandemic. But tenant reps say many downtown clients are increasingly exploring the option of splitting their space between downtown and the suburbs to help promote collaboration among employees who can't easily get downtown. I think so", says Goodman, who predicts more downtown companies will open "touch-down" space in the suburbs based on where their employees live. [Extracted from the article]

Stark Enterprises, the high-profile Cleveland-based real estate developer, has sold a Westlake office complex with ground-floor retail space across the street from its Crocker Park mixed-use megaproject. However, Bolzan declined to disclose the sale price or identify the buyer by name other than saying that Beachwood real estate broker Michael DiFranco had identified a group of Westlake- and Cleveland-based investors who may focus on it more as a smaller concern. [Extracted from the article]

Viktor Gjonaj and Crain's Detroit Business have worked together inter-mittently going back several years. His former company, Troy-based Imperium Group LLC, sponsored the newspaper's Real Estate Next event in April 2019, and he delivered remarks during the gathering. He has also been quoted on retail real estate matters and advertised Imperium in Crain's. [Extracted from the article]

The firm has worked with landlords to redesign more than two dozen suburban office properties over the past three years, projects totaling an estimated $80 million in capital improvements ranging from six-figure face-lifts to a $30 million overhaul. After the suburbs lost 2.5 million square feet of office tenants in 2017 and 2018 combined, companies reversed that trend last year by adding back more than 1 million square feet of net new leasing, the most for any year since 2015, according to data from brokerage Jones Lang LaSalle. "It's fashion, to a certain degree", says Talty, whose firm helped redesign the former Nokia Siemens campus in Arlington Heights for financial services firm HSBC. [Extracted from the article]

The article discusses an initiative by owners of the Industry City (IC) business park to open an Innovation Lab which will train local residents from the neighborhoods of Sunset Park, Bay Ridge and Red Hook in New York and place them with its own tenants. Topics covered include IC's partners in the skills training center including the New York City College of Technology and the Center for Family Life, and the benefits of the initiative to unskilled minorities and immigrants.

The former Blue Cross Blue Shield of Michigan buildings in Southfield have a new owner, but it took a trail littered with tens of millions in unpaid bills and mortgages over several years to get there. But at some point, Katebian alleges that Missaghi, Alizadeh and Wilson "prepared and/or caused to be prepared" falsified meeting minutes and emails purporting to give his ownership interests in Liberty & York, and therefore the other Skymark entities, to Alizadeh. "Hossein explained to me that he was at risk of potentially losing the Georgia and Southfield properties for non-payment of existing mortgage loans", Katebian said in court filings. [Extracted from the article]

Steve Beauchamp is defying the narrative that companies in Chicago need to be downtown to grow. Beauchamp of Paylocity says his firm estimated its employee turnover rate would double for a couple of years if it moved downtown. Property management tech firm SMS Assist went the other direction, supplementing its downtown main office with an office in Naperville, where it recently added its 100th employee. [Extracted from the article]

The fountains, statues and amphitheater that new office buildings boasted a few decades ago don't win a prospective tenant's heart anymore. Andrew Batson, a Cleveland-based vice president of research for the JLL Inc. real estate brokerage, just completed a study that quantifies the impact of investing in worker-focused amenities at existing and new rental office properties. [Extracted from the article]

Domino's delivers new tech hub The Michigan Public Service Commission last week green-lighted monthly decreases for DTE Gas customers to reflect the effect lower federal corporate tax rates have on the Detroit-based utility company's long-term investments, the MSPC said in a news release. DTE has 1.2 million business and residential gas customers in Michigan, DTE spokeswoman RoNeisha Mullen said in an email. [Extracted from the article]

It took some time, but Colliers International now has a Summit County real estate office dedicated to serving Akron and the surrounding area. Fox and Cramer seem to agree with Hurtuk on one thing: Colliers, like any other firm, is likely to have more success serving Akron from a local office than from Cleveland. Colliers has been growing in Northeast Ohio overall, so its growth in Akron should come as no surprise, said Hurtuk, who helped the firm as its first employee in Cleveland in 2012. [Extracted from the article]

The article offers information on different office spaces and buildings in Chicago, Illinois. It mentions that Different companies lease at the Leo Burnett Building 35 W. Wacker Dr. including Leo Burnett Chicago. It mentions that Edelman 200 E. Randolph St. provide stellar views of Lake Michigan and Millennium Park, whose tenants in the 83-floor Aon Center include Kraft Heinz and Microsoft.

The article reports that the real estate firm Ray Fogg Corporate Properties is planning constructing fourth building at Bluestone Business Center in Euclid, Ohio. It presents views of its chief executive officer (CEO) Ray Fogg Jr. on the same. It informs that the he third building was leased by Euclid-based Lincoln Electric Co.

Focuses on the popularity of the SoHO, New York office market. Comments from Steven Marvin of Olmstead Properties Incorporated; Companies in SoHo which are considering transforming their businesses; Information on the SoHo office market; What firms who are outgrowing their office are doing to stay in the neighborhood.

The article reports that the brownfield site at Madison Avenue in Cleveland, Ohio may be sold to real estate developer Weston Inc. which could put the land back to use as a business and industrial park.

The article reports that Elk Grove Village in Illinois has signed a deal to be the title sponsor of the 2018 Bahamas Bowl. It notes that the December 21 game which will be aired on ESPN will display Elk Grove's marketing tagline that aims to draw companies to the industrial real estate on its business parks. The terms of the agreement are discussed. Comment from Elk Grove Village Mayor Craig Johnson on the goal of the naming rights deal is presented.

The article reports on the construction of two buildings at the Cornerstone Business Park which is the former site of automaker Chrysler's manufacturing plant in Twinsburg, Ohio.

The article offers business news briefs related to the New York City. Trapeze School New York has asked for a permit to operate a rig on the island, according to the corporation that runs the 172-acre site in New York Harbor. California-based clothing store, Forever 21 wants its new Times Square flagship to reflect New York's urban environment. Bryant Park's business improvement district has launched a catalog on the park's website that offers information on the plants and flowers growing.

The article reports that the first part of the High Line, the New York City's first elevated park, will open in West Chelsea. As stated, the hyperstylish new park, which sits atop a 1.5-mile section of a former freight railway line, will mark the official transformation of an area that until recently deserted. The park opening will witness opening of new stores and developments. City Parks Commissioner Adrian Benepe estimates that the High Line will attract nearly 1 million visitors annually.

The article reports that three printing businesses have planned to move to College Point Industrial Park in Queens, New York City. ARES Printing & Packaging will move its headquarters to College Point from Brooklyn after constructing a 75,000-square-foot facility. New York Sign City of Flushing and Inland Paper Products of Brooklyn will share a building about the same size as ARES' new home. The offices will allow the firms to keep 200 jobs in the city and create another 100 positions. The moves are the result of a concerted effort by the New York City Economic Development Corp. to lure more light industrial businesses to the park.

A list of offices in Manhattan, New York, where space is still available is presented. The World Trade Center has 1,634,945 sq ft space left. The Times Square has 948, 378 sq ft space available followed by Hudson Square that provides 845,901 sq ft of available space. The Hudson Square at 550-560 Washington street is owned by Eugene M. Grants & Co.

The article reports on the construction projects at Hudson Crossing Business Park in Ohio. Topics discussed include the estimated number of new jobs expected from these property development projects, features of the buildings being built such as HC 125, ForTec Medical, and Assurance Health, and the contribution of the Velocity Broadband fiber-optic network of Hudson City to the increasing business park development initiatives in the region.

Reports on BASF Corp.'s construction of a North American headquarters at the Mount Olive International Trade Center (ITC) office park in New Jersey. Migration of employees in search of affordable housing; Offering employees shorter commutes and better housing markets; Attracting distribution and warehouse operations to ITC; Skepticisms about corporate moves to the west.