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Real Estate News - cleveland.com
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| Northeast Ohio community & neighborhood news and home information |
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NAI Daus buys property management division of Akron's USW Properties
NAI Daus, a Beachwood commercial real estate firm, said today its brokerage division has acquired the property management operations of ASW Properties Ltd. of Akron.
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Commercial delinquency lower than other mortgages
Overall, 7.3 percent of the debt held by banks and thrifts was past due 30 days or longer at the end of 2009, the association reported. That rate was .44 percentage points higher than at the end of the third quarter and 1.3 percentage points for single-family mortgages.
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Second company bids on Chrysler's Twinsburg stamping plant
At least one rival bidder has made an offer on Chrysler's Twinsburg Stamping Plant. Cleveland's Park Corp. made its $27.5 million bid last month.
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Commercial real estate's challenges are apparent in downtown Cleveland corridor
To see the turmoil in commercial real estate, you don't have to look much further than East Ninth Street and Superior Avenue in downtown Cleveland. This corridor is the local face of a national problem -- one that is troubling in Cleveland but more severe in overbuilt markets like Las Vegas and Miami and battered cities such as Detroit. Across the country, a wave of office buildings, shopping centers, hotels, apartment properties and industrial facilities could be returned to lenders or foreclosed upon during the next few years.
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Treasury restates support for Fannie, Freddie
The Treasury Department was forced Friday to reiterate its financial support for Fannie Mae and Freddie Mac after a key lawmaker rattled investors by pointing out that their debt does not enjoy the explicit guarantee of the federal government.
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Down the Way and Lighthouse Partnership |
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Written by Administrator
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Friday, 15 August 2008 15:28 |
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 August 15, 2008 - Lighthouse, Inc, a non-profit organization that has worked for positive community transformation in central Cleveland for the last 29 years, has partnered with Down the Way Enterprises to establish a new model in Benevolent Real Estate.
Using the power of volunteer groups from Lighthouse and professional project managers and capital from Down the Way, this new program will create access to energy-efficient, newly remodeled homes in central Cleveland at prices that average families can afford. YOU CAN BE INVOLVED - have a look at our new brochure - DTW_BRE_Partnership - and feel free to Contact Us to discuss how you may choose to be involved. |
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Last Updated on Saturday, 20 September 2008 15:49 |
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