Why the 2026 Redesignation Matters Since their enactment in 2017, Opportunity Zones have served as a significant development tool in Ohio, directing private capital into economically distressed communities through federal tax incentives. The One Big Beautiful Bill Act...
Current State of the Commercial Real Estate Market and Pending Loan Defaults Today, dozens of buildings in downtown Cleveland are distressed or are “upside down,” meaning that the properties in operation are having difficulty paying or are behind in paying their...
Cleveland’s downtown is ready for its next phase of growth. With national and local trends changing the way that people live, work, and recreate, downtowns require a vision for the future to set the stage for growth. Strategic real estate development plays a pivotal...
A Banner Year Cleveland’s industrial real estate market continues to go through a revival. By leveraging its legacy manufacturing infrastructures with reignited private-public partnerships focused on proactive site strategies, comprehensive economic development...
Construction permitting in Cleveland returned to trend in 2025, with nearly $1.5 billion in total permits issued. While 2024 was a banner year, with more than $2.8 billion in permits issued, it was buoyed by over $1.2 billion in permits pulled by the Cleveland...
Ohio’s utility regulation landscape recently saw a turning point when the Public Utilities Commission of Ohio (PUCO) approved a novel data center–specific tariff for AEP Ohio. The decision rejects appeals from major technology firms and manufacturers, affirming that...
Ohio’s rollout of two new housing initiatives as part of Ohio House Bill 96 comes at a critical time, as Ohio’s major industrial legacy cities face declining population projections, a challenge that, while reflective of national trends, is compounded by the housing...
This article is Part One of a multi-part analysis by KJK that will continue to summarize the OBBBA’s implications on various taxpayers and industries. Signed into law on July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) delivers sweeping federal policy changes...
CLEVELAND, OHIO – June 25, 2025 – KJK is proud to share that our firm successfully secured five awards on behalf of three clients in Round 34 of the Ohio Historic Preservation Tax Credit (OHPTC) Program. This competitive state program provides tax credits of up to 25%...
Ohio has long enjoyed a competitive edge in the cost of commercial electricity. It’s deregulated market and plentiful coal and gas-fired generation keep commercial power rates near 11.25 ¢/kWh—below the national business average of 13.3 ¢—as of March 2025, giving...