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Marcus & Millichap names SVP of investments – REJournals rejournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rejournals.com Daily Mail and Mail on Sunday newspapers.
Rising interest rates? Supply shortages? Rising construction costs? Summit attendees still find hope in Cleveland's CRE market – REJournals rejournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rejournals.com Daily Mail and Mail on Sunday newspapers.
Trailblazing Mariner s Watch apartments in Ohio City are sold COSTAR Mariner s Watch, a 62-suite building that launched a bevy of new apartment projects on lower Detroit Avenue in Cleveland, is the latest purchase by My Place Group. Mariner s Watch, an apartment project on the West Side of Cleveland that ushered in the current run of multifamily construction near downtown, now is part of real estate developer Chad Kertesz s My Place Group holdings. My Place announced the acquisition on its web page. Cuyahoga County property records show the property changed hands Dec. 21 but do not disclose a sale price. The county assigns the 62-suite Mariner s Watch a market value of $8 million for property tax purposes, close to its original construction cost. Industry estimates put the sale price for the property in the range of $15 million, or more than $240,000 per suite. ....