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Cleveland Rejects $1.6 Billion Data Center Project in Residential Neighborhood

Cleveland Rejects $1.6 Billion Data Center Project in Residential Neighborhood

by Phil Hall | May 15, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A permit application to build a $1.6 billion data center in Cleveland has been rejected. The proposed data center was described as a two-story, 300,000-square-foot “state-of-the-art, hyperscale facility” that would have been constructed on a 35-acre site in Slavic...
Historic Cleveland Masonic Temple Listed for Sale

Historic Cleveland Masonic Temple Listed for Sale

by Phil Hall | Mar 6, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The historic Cleveland Masonic Temple has been listed for sale. Cleveland Magazine reports the 220,000-square-foot Romanesque Revival complex, which encompasses several buildings and venues, was constructed between 1918 and 1921 by The Ancient Accepted Scottish Rite...
Reynolds Asset Management Acquires 2 Cleveland Multifamily Communities for $30.6 Million

Reynolds Asset Management Acquires 2 Cleveland Multifamily Communities for $30.6 Million

by Phil Hall | Jun 4, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Paramus, New Jersey-based real estate investment and development firm Reynolds Asset Management has acquired two multifamily communities – Park Lamont and The Lumos – in Cleveland for $30.6 million Reynolds completed the transaction in partnership with The...
Cleveland Sues Browns, Claiming Law Violation Over Plans to Relocate from City

Cleveland Sues Browns, Claiming Law Violation Over Plans to Relocate from City

by Phil Hall | Jan 16, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The City of Cleveland has filed a lawsuit to stop its NFL team from moving out when the lease on its lakefront stadium expires in 2028. The Associated Press reports Jimmy and Dee Haslam, the owners of the Cleveland Browns, plan to build a $2.4 billion stadium and...
Feds Raid Home of Affordable Housing Developer

Feds Raid Home of Affordable Housing Developer

by Phil Hall | Oct 25, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Federal agents raided the Cleveland-area home of Frank Sinito, a real estate developer and one of the nation’s most prominent owners of affordable housing complexes. According to News 5 Cleveland, the raid occurred on Wednesday at 7:00 a.m. The agents were identified...
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