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Monday, February 17, 2014

New Business in Cleveland Metro

In an attempt to change of my blog a little bit I will start sharing some stores with you on the businesses and what their doing in the Cleveland market. I believe as a real estate investor you need to understand this part of the market to be able to plan the future of your property or portfolio. Of also have a lot of clients asking A lot about this subject.

The first-Company I want to talk about is in Euclid Ohio.  Lincoln electric has been there for hundred years or more they just reported great earnings for the fourth quarter of 2013. Estimated per-share increases or 16%. They had net income of $88 million on $119 million in sales. I've given you a link to the story click here to read it.

Case Western University received $2.6 million from Robert Herbold chief operating officer of Microsoft during its big growth boom. The story has his opinion on the University having Great strength and emerging opportunities. You can click here to view the store in detail.

On the commercial real estate side a former brewery in Ohio city will be getting a redevelopment conversion to downtown lofts. This Project will cost approximately $20 million. This is moving Ohio city in the direction that they wanted to go. I read a story a while back they want everything in walking distance like New York City. In fact they don't want you to have to own car if you live in Ohio city the area wanta everything within walking distance.

So here yet again some more great stuff coming to  the Cleveland Metro area. These are sure signs of what we can look for in the future. As a real estate investor these are crucial items that will make sure your portfolio will go both stronger in equity and in rental income. More business means more people and less inventory. Brett Young CEO

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