Ohio

Walker & Dunlop Arranges $55.2M in Construction Financing for Mall Redevelopment Near Cleveland

by Kristin Harlow May 5, 2026

RICHMOND HEIGHTS, OHIO — Walker & Dunlop has arranged $55.2 million in construction financing for Phase I of Belle Oaks Marketplace, a mixed-use redevelopment project in Richmond Heights, a suburb of Cleveland. Ryan Parker led the Walker & Dunlop team that arranged the floating-rate loan. Genesis Capital provided the loan on behalf of the borrower, DealPoint Merrill. Plans call for 181 Class A multifamily units across two buildings as part of the first phase of a larger mixed-use, master-planned redevelopment. Upon completion, Belle Oaks Marketplace will transform the former Richmond Town Square Mall into a mixed-use community with 798 multifamily units, more than 120,000 square feet of retail space, a 159,000-square-foot grocery anchor and additional community amenities.

May 5, 2026

Acquisitions Midwest Ohio Retail

Prudent Growth Buys 20,520 SF Retail Center in Metro Cincinnati for $3.3M

by Kristin Harlow May 1, 2026

BATAVIA, OHIO — Prudent Growth Partners LLC, a private equity real estate firm based in Chapel Hill, N.C., has purchased Eastgate Shopping Center in Batavia near Cincinnati for $3.3 million. The neighborhood retail center totals 20,520 square feet and is situated along Old State Route 74 with direct access to State Route 32. The property is currently 94 percent leased and features a mix of service, medical and necessity-based tenants, including State Farm, Farmers Insurance, Merry Maids and Avis/Budget.

May 1, 2026

Acquisitions Midwest Office Ohio Retail

Newmark Arranges Sale of Office, Retail Components at The Pointe at Polaris in Columbus

by Kristin Harlow April 30, 2026

COLUMBUS, OHIO — Newmark has arranged the sale and acquisition financing of the office and retail components of The Pointe at Polaris, a mixed-use asset located in the Polaris submarket of Columbus. DFWLAND purchased the property from a joint venture between VanTrust Real Estate and NP Limited Partnership. Positioned along Polaris Parkway, The Pointe at Polaris comprises 212,366 square feet of trophy office space and 33,071 square feet of retail space. The office portion is fully leased to tenants such as Bank of America, Fiserv, Power Home Remodeling and Employers Health, while the retail portion is fully leased to tenants such as Kitchen Social, Condado Tacos, Sweetwaters Coffee & Tea and Club Pilates. The property offers connectivity via I-71 and immediate proximity to Polaris Fashion Place, one of the region’s most prominent retail destinations. Derek Fohl, Jim Postweiler, Peter Harwood, Jack Trager and Jim Clark of Newmark represented VanTrust. Gary Carr of Newmark advised the buyer, while Ari Schwartzbard and Bill Weber of Newmark arranged the financing. Newmark’s Jake Paschen provided analytical support for the transaction.

April 30, 2026

Industrial Market Reports Midwest Midwest Market Reports Ohio

Columbus Industrial Market Accelerates Amid Mega-Projects, Strategic Growth

by Kristin Harlow April 30, 2026

By Derek Lichtfuss, Newmark Columbus, Ohio, is emerging as one of the nation’s most dynamic industrial markets. With a strategic location, robust infrastructure and a diversified economy, the metro area is attracting industrial, manufacturing and logistics investment at a pace rivaling traditional coastal hubs. According to Newmark Research, Columbus’ industrial market closed 2025 with positive absorption of 8.8 million square feet — ranking among the top five U.S. markets. Remarkably, the fourth quarter alone contributed more than 3 million square feet, marking the second consecutive quarter above that threshold. The market’s fundamentals underscore its strength. Vacancy ended the year at 7.2 percent, down from 9.7 percent in 2024. Asking rents, while largely flat in 2025, have climbed for six consecutive years, reflecting steady demand. More than 5.2 million square feet are currently under construction, signaling developer confidence. Drivers of growth Several factors drive the city’s momentum. Columbus benefits from an exceptional logistics profile. The metro area can reach roughly 50 percent of the U.S. population within a one-day drive or train, bolstered by I-70, I-71 and the second-largest inland port at Rickenbacker International Airport. Its multimodal capabilities — including Norfolk Southern rail and cargo air — have made it a …

April 30, 2026

Development Midwest Multifamily Ohio

Cross Street Begins Leasing Efforts for 124-Unit Westline Apartment Community in Lakewood, Ohio

by Kristin Harlow April 22, 2026

LAKEWOOD, OHIO — Cross Street has begun leasing, marketing and property management services for Westline, a two-building apartment community located at 16000 Detroit Ave. in Lakewood, a suburb of Cleveland. Resident move-ins at the property, which is 20 percent preleased, will begin in late April. Westline features 124 units starting at $1,695 per month. Amenities include a fitness center, resident lounge, package services and bike storage. Reserved parking is available in the attached garage.

April 22, 2026

Acquisitions Industrial Midwest Ohio

NAI Pleasant Valley Brokers Sale of 50,000 SF Industrial Building in Twinsburg, Ohio

by Kristin Harlow April 22, 2026

TWINSBURG, OHIO — NAI Pleasant Valley has brokered the sale of a 50,000-square-foot industrial building in Twinsburg, located midway between Akron and Cleveland. The sale of the property at 2300 E. Enterprise Parkway follows the earlier sale of the sister property at 2377 E. Enterprise Parkway in late 2025. Both buildings sold to separate investment buyers, with Keltec Technolab remaining as the tenant in both properties. Both transactions achieved near-asking prices and reflected cap rates slightly under 8 percent. Bob and Scott Raskow of NAI Pleasant Valley were the brokers.

April 22, 2026

Build-to-Rent Development Midwest Ohio Single-Family Rental

Stark Enterprises to Break Ground on 120-Unit Build-to-Rent Community in Metro Columbus

by Kristin Harlow April 20, 2026

CANAL WINCHESTER, OHIO — Stark Enterprises is scheduled to break ground this spring on Lock Pointe Village, a 120-unit luxury build-to-rent community in the Columbus suburb of Canal Winchester. The land acquisition is complete, and the development is fully capitalized. The project will include 37 buildings and amenities such as a clubhouse, fitness center, pool, sport court and dog park. Lease-up is expected to begin in early 2027, with the first homes delivering that spring. Arbor Construction, the construction arm of Stark Enterprises, will serve as the builder.

April 20, 2026

Development Midwest Ohio Retail Top Stories

Cosm Breaks Ground on Immersive Entertainment Venue in Downtown Cleveland

by Abby Cox April 17, 2026

CLEVELAND — Cosm, along with Bedrock and Rock Entertainment Group, have broken ground on a new entertainment venue located at the intersection of East 4th Street, Prospect Avenue and Huron Road in downtown Cleveland. Dubbed Cosm Cleveland, the venue will sit directly across from Rocket Arena (formerly Rocket Mortgage Fieldhouse), home of the NBA’s Cleveland Cavaliers and AHL’s Cleveland Monsters. The two professional sports franchises are owned by Dan Gilbert, founder of Rocket Mortgage, Bedrock and Rock Entertainment Group. Spanning approximately 64,000 square feet and rising three stories, Cosm Cleveland will comprise two programmatic elements: The Dome and The Hall. Through Cosm’s proprietary technology called Shared Reality, the venue will merge a stadium-like atmosphere with state-of-the-art visuals in a communal setting. Rossetti Architects designed Cosm Cleveland, and Bedrock is leading the development. The venue, which will anchor Bedrock’s Rock Block mixed-use development, is slated to open in 2027. “This is a major milestone for our downtown Gateway District, and the arrival of Cosm is a testament to our community’s spirit and resilience,” says Cleveland Mayor Justin Bibb. “This incredible venue will enhance our city’s reputation as a hub for sports and entertainment, drawing visitors from near and far to experience a …

April 17, 2026

Development Midwest Mixed-Use Ohio Retail

Oberer Completes Final Retail Strip Center at Mixed-Use Project Near Dayton, Ohio

by Kristin Harlow April 14, 2026

CENTERVILLE, OHIO — Oberer Cos. has completed Shoppes at Cornerstone IV, the final retail strip center within The Cornerstone of Centerville North. The project marks the full build-out of the mixed-use development in the Dayton suburb of Centerville. The center, totaling 10,098 square feet, represents the final phase of a multi-year development transforming the Wilmington Pike and Feedwire Road corridor. The strip center is fully leased to tenants such as Chicken Salad Chick, Bodybar Pilates and Mi Cozumel. Construction began on The Cornerstone of Centerville North in 2014. Oberer expects to break ground this summer on The Cornerstone of Centerville South, a 72-acre mixed-use development located on the south side of I-675.

April 14, 2026

Acquisitions Hospitality Midwest Ohio

Laurel Real Estate Arranges Sale of Red Roof Inn Hotel in Clyde, Ohio

by Kristin Harlow April 7, 2026

CLYDE, OHIO — Laurel Real Estate Co., a boutique commercial real estate brokerage and member of Hotel Brokers International, has arranged the sale of the Red Roof Inn hotel in Clyde, a city in northern Ohio. The seller engaged Laurel to manage the disposition as part of a broader portfolio restructuring. A local owner-operator was the buyer. Dan Uhl of Peachtree Group arranged acquisition financing.

April 7, 2026

Newer Posts

Older Posts