The good news from Midwest Real Estate News’ Cleveland Commercial Real Estate Summit? The city’s CRE market firmly in growth mode

by Dan Rafter

The Cleveland market is hot, especially in the city’s downtown core. That’s the message that speakers shared with attendees at the Cleveland Commercial Real Estate Summit held by Midwest Real Estate News in late May at the Museum of Contemporary Art Cleveland.

The biggest names in Cleveland real estate — the summit attracted such speakers as Alex Jelepis from Newmark Grubb Knight Frank; Alec Pacella from NAI Daus; Bart Simone from North Pointe Realty; and Brian Hurtuk from Colliers International — all shared the good news that the commercial real estate market in this city is firmly in growth mode.

And nowhere is this more evident than in downtown Cleveland, which is now attracting new retailers, restaurants and even office buildings.

cleveland 4535

One highlight of the summit was the apartment market panel. Michael Barron, Marcus & Millichap; Ross Halloran, Bellwether Enterprise Real Estate Capital; Mary Forbes Lovett, Ulmer & Berne, who served as moderator; Charles Schulman, Carlyle Management; and Joy Anzalone, Burton Carol Management, all said that the city’s multifamily market remains hot. Developers have plans to add even more new apartment units to the city’s downtown and surrounding communities, these apartment experts said.

cleveland 4529Brian Hurtuk, managing director with Colliers International’s Cleveland office, served as the emcee of the summit.

cleveland 4542The summit’s Retail, Office, Industrial and Healthcare panel featured Alex Jelepis, Newmark Grubb Knight Frank; Alec Pacella, NAI Daus; Joseph Barna, Cushman & Wakefield/CRESCO; Steve Altemare, Goodman Real Estate; Chad Pinnell, JLL; and Suzanne Hamilton, First Federal Lakewood, who served as the panel’s moderator.

cleveland 4550The city’s biggest real estate stars spoke during the Cleveland Titans panel. Panelists were Linda Green, Chicago Title, the moderator; Bart Simon, North Pointe Realty; Adam Fishman, Fairmount Properties; and Brian Hurtuk, Colliers International.

cleveland 4553Todd Marovich and Mark Sherry from Xceligent.

This entry was posted in Cleveland commercial real estate, industrial real estate, multi-family, office, Ohio commercial real estate, retail and tagged , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s