Data center development has been at the center of the economic development conversation in 2026 as states and communities have been debating both the economic development incentive programs for data centers and the positive and negative impacts. Ohio Governor Mike...
Market Snapshot Inventory is rising across the state of Ohio, but prices are not backing down. If you were actively involved in buying or selling a home over the past few years it probably felt like a game of musical chairs. The early 2020s saw some of the lowest...
The Bibb Administration presented a plan for two East-side TIF Districts to the City Planning Commission on May 1, 2026. The Hough-St. Clair Superior TIF will encompass almost 1,400 acres and the administration projects it to generate $41.9 million, with an upside of...
Mayor Bibb’s administration is preparing a transformation plan for the city’s electric utility, Cleveland Public Power (CPP). The plan is expected to address CPP’s aging infrastructure at an estimated cost of $70-100 million to replace and upgrade transformers,...
This week, Treasury released IRS Revenue Procedure 2026-14 directing States on the process to designate Opportunity Zones in the OZ 2.0 process. The window for designation opens on July 1, 2026, and runs through September 30, 2026 with opportunities for extension....
On Friday, President Trump issued a pair of Executive Orders focused on increasing affordability and access to the housing market. Combined with ongoing negotiations in Congress on the 21st Century ROAD to Housing Act, they reflect a bipartisan focus in Washington on...
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...