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Mentor Sears building sold to local developer - Vimarsana News

Mentor Sears building sold to local developer

The former Sears department store, which closed in September 2017, at the Great Lakes Mall in Mentor sold for $1.5 million to real estate developer Sam Petros in late December

Real estate developer buys Sears property at Great Lakes Mall for $1.5 million - Vimarsana News

Real estate developer buys Sears property at Great Lakes Mall for $1.5 million

Real estate developer Sam Petros has purchased the vacant Sears property at the Great Lakes Mall in Mentor for $1.5 million. According to Senior Vice President Chris Seelig of Collier’s, who handled the transaction, the deal was completed in late December. Seelig said at the present time, Petros has no definitive plans for the site […]

First Interstate Properties, based in Lyndhurst, names new president - Vimarsana News

First Interstate Properties, based in Lyndhurst, names new president

Founder Mitchell Schneider will continue as executive chairman of the Lyndhurst-based real estate company.

Cleveland builder Sam Petros restores local Richfield landmark | Crain's Cleveland Business - Vimarsana News

Cleveland builder Sam Petros restores local Richfield landmark | Crain's Cleveland Business

After surviving and thriving for 40 years in Northeast Ohio's home building and development market, Sam Petros knew in 2021 he was about to break one of the key rules of real estate: Never fall in love with the property.

Builders bask in strong sales even as headwinds grow - Vimarsana News

Builders bask in strong sales even as headwinds grow

Northeast Ohio homebuilders are making the best of what may be the tail end of a strong market, but concerns prompt some to slow down in the risky, but essential, land development business.