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Mayfield Heights office buildings sell for $16.5 million


Mayfield Heights office buildings sell for $16.5 million
CoStar
The Eastpoint I office building, pictured here, and its sister building, Eastpoint II, changed hands this week in a $16.5 million transaction.
Realife Real Estate Group, a busy buyer of Cleveland-area properties, has added a pair of Mayfield Heights office buildings to its growing portfolio.
A Realife affiliate paid $16.5 million this week for Eastpoint I and II, public records show. The seller was Founders Properties LLC, a Minnesota-based investment company that oversees funds focused on office and industrial real estate.
Eastpoint, built in 2000, is part of a corporate corridor that stretches along the south side of Interstate 271, flanking Lander Road. The sister buildings, located at 6085 and 6095 Parkland Blvd., collectively comprise just over 170,000 square feet. ....

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Realife affiliate sues Sherwin-Williams Co.

An affiliate of Realife Real Estate Group, which has Cleveland offices in Independence, has sued Sherwin-Williams Co. in hopes of continuing to be allowed to park on property the paintmaker bought for its planned new headquarters and associated structures downtown. The 0.1-acre parcel at the center of the dispute is part of the massive site on Public Square and the Superblock west of it that Sherwin-Williams bought for its new headquarters and associated structures for $49 million in 2020. ....

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Former Ohio utility regulator suggested wording revisions to nuclear bailout bill: The Wake Up for Tuesday, Jan. 12, 2021


Former Ohio utility regulator suggested wording revisions to nuclear bailout bill: The Wake Up for Tuesday, Jan. 12, 2021
Cliff Pinckard, cleveland.com
© John Petkovic, The Plain Dealer/The Plain Dealer/cleveland.com/TNS
Realife Real Estate Group confirmed the purchase of the Nighttown jazz club in Cleveland Heights.
Subscribe to the Wake Up, cleveland.com’s free morning newsletter, delivered to your inbox weekdays at 5:30 a.m.
Weather
The forecast today for the Cleveland area calls for mostly cloudy skies, light winds and highs in the middle 30s. It will remain mostly cloudy overnight with lows in the upper 20s. Read more. ....

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Realife buys First Federal building in Westlake


Realife buys First Federal building in Westlake
CoStar
An office complex in Westlake that dates from the suburb s rapid expansion era in the 1970s is the latest purchase by Realife Real Estate Group.
Realife Real Estate Group, a real estate investment and ownership concern based in Independence, has added a Westlake office building to its Northeast Ohio portfolio.
Through RL Westlake I LLC, the company led by investor Yaron Kandelker on Dec. 24 acquired the four-floor First Federal Lakewood Savings Bank Building, 24441-24481 Detroit Ave., for almost $3 million, according to Cuyahoga County land records.
The seller of the Georgian-style office building was the Lakewood-based financial concern. First Federal plans to continue to maintain a branch office on the east end of the structure. ....

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