Using COVID-19 Downtime to Benefit Your Distribution Center
There is no denying that COVID-19 has disrupted the global supply chain. China’s role as the “world’s factory” means that any disturbance in production or transportation within China will surely impact businesses around the globe, as we’ve seen clearly over the past months. The economic effects of the coronavirus pandemic are not within any individual … Continued
Read more5 Things for Commercial Landlords to Consider During the COVID-19 Crisis
There is no denying that the COVID-19 pandemic will have an impact on the U.S. economy, especially as disruptions to supply and demand continue. In the wake of all this uncertainty, many commercial landlords and tenants have expressed a growing sense of anxiety. During this time of rapid change, it is important for commercial landlords … Continued
Read moreHow Manufacturers Can Aid the U.S. Response to COVID-19
As our Northeast Ohio community continues to adapt to new “stay at home” orders, many local manufacturers remain open and hard at work. Manufacturing is an essential industry, and plays a critical role in maintaining the regional and national supply chain. In this time of crisis and uncertainty, many manufacturers have also expressed a deep … Continued
Read moreCoronavirus & Commercial Real Estate: We Are Offering Virtual Showings
With Ohio currently under “stay at home” orders from Governor Mike DeWine, many commercial property owners, tenants, buyers, and sellers are left wondering what this means for their planned real estate transactions. Non-essential businesses (including restaurants, bars, barbershops, nail salons, and entertainment venues) have been forced to close in an effort to slow the spread … Continued
Read more7 Reasons to Use a Tenant Rep Broker
Tenant rep brokers (i.e. tenant representatives or tenant advisors) are commercial real estate professionals who help businesses find the best properties and negotiate the best terms. Unlike residential real estate agents, these brokers focus on office, retail, industrial, and other commercial spaces. Are you considering leasing or buying a commercial property? Read on for seven … Continued
Read moreTenant Representation for Commercial Real Estate Leases
Interested in leasing commercial real estate? If so, you may have come across the phrase “tenant representation” during your initial research. But what will a tenant rep broker actually do, and is hiring one really necessary when leasing commercial real estate? The Job of a Tenant Rep Broker? Tenant representation brokers (also called tenant advisors) … Continued
Read moreIndustrial Real Estate Market: The Decade In Review
As we continue to move forward into 2020, we are simultaneously taking the time to reflect back on the 2010s. Over the course of the last decade, a significant amount of change and growth occurred within Northeast Ohio’s commercial real estate market—especially within the region’s industrial market. Below, we dive into some of the most … Continued
Read moreDura-Line, a leading global manufacturer and distributor, opens a second location in Elyria, Ohio.
We recently completed a 139,920 SF industrial lease located at 669 Sugar Lane in Elyria, Ohio. Joseph V. Barna, SIOR and Principal at CRESCO Real Estate represented the landlord, Brad Maloof with Wildcat Sugar Lane Properties LLC and the tenant, Dura-Line Corporation in this transaction. Dura-Line will be opening a second location in Elyria, Ohio. … Continued
Read moreWhy Hire a Greater Cleveland Real Estate Broker to Buy or Sell Land
When buying or selling a commercial building, it’s a given that you need to hire a real estate professional to help facilitate the transaction. But what about when you are purchasing or selling a vacant parcel of land? After all, there is no interior to be staged for photos, no list of renovations to be … Continued
Read moreReal Estate Trends & Economic Highlights: 2010-2019 (Greater Cleveland)
As we turn the page from the end of one year to the start of the next, it’s traditional to look back and reminisce on recent history and memorable events—especially when that new year corresponds with the start of a new decade. Cushman and Wakefield’s Decade in Review report recaps the most notable events from … Continued
Read moreCleveland Real Estate: Power of the Pop-Up Store
There’s no doubt about it—from a commercial real estate perspective, 2019 will go down as the year of the pop-up. Traditionally, pop-up stores have been viewed a type of “placeholder” tenant; a consolation prize for landlords struggling to fill their retail spaces. It’s true that in decades past, pop-ups have been primarily comprised of seasonal … Continued
Read moreAttract Top Talent With the Right Office Space
Each year, The Conference Board polls business executives to determine the biggest hot button issues in the business landscape. The organization recently released their 2020 survey results, which included input from nearly 750 CEOs and 800 other C-Suite executives. Out of all the issues that businesses face, these CEOs ranked attracting and retaining top talent … Continued
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To learn more about how CRESCO, Greater Cleveland’s leading commercial real estate company, can help you with your property needs, contact us at 216.520.1200, or fill out the form below. A CRESCO professional will contact you shortly.