Commercial Real Estate, August 2026

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AUGUST 28, 2026 | CLEVELAND JEWISH NEWS | CJN.ORG 1

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2 CLEVELAND JEWISH NEWS | CJN.ORG | AUGUST 28, 2026

Crocker Park IKEA location selected due to ‘vibrant’ community JIMMY OSWALD joswald@cjn.org

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uch like the assembling of the couches and tables sold at its stores, IKEA was looking for a location that would fit together seamlessly and easily.

It found one in Crocker Park in Westlake as the Swedish retailer announced July 28 that it will take over the former Dick’s Sporting Goods space, marking its first low-cost, ready-to-assemble furniture and home goods store location in the Cleveland area.

“Northeast Ohio is such a vibrant area,” Christiane Branderhorst, a local marketing specialist for IKEA, told the Cleveland Jewish News. “There are so many universities, and there’s a broad mix of people there, renters and young families, who are looking for an IKEA to come get all sorts of products. It just fits perfectly.”

In 2023, IKEA announced it was investing $2.2 billion in its operations in the United States to help grow its presence, opening new stores in untapped markets, and this move is a result of that initiative, according to Branderhorst.

IKEA zeroed in on Crocker Park after seeing how “vibrant” the mixed-use development is with commercial, business and residential spaces.

“Crocker Park is such a great area, so going into there is very exciting,” she said. “For us to come into there and add an IKEA into a store that already exists makes this really sustainable for us, and it’s something we look at when we’re going into a new area.”

IKEA has 61 stores across the United States. It was founded in 1943 by Ingvar Kamprad as a mail-order sales business that began reselling furniture in 1948. IKEA opened its first store in Älmhult, Småland, Sweden, in 1958. Its first U.S. location opened in 1985 in Plymouth Meeting, Pa., and over 60 countries and territories around the world have a store.

The closest locations are currently in Columbus, Pittsburgh and West Chester, in between Cincinnati and Dayton.

IKEA is expected to open in the 80,000-square-foot space in spring 2027, according to a news release from Stark Enterprises, and the store will be the brand’s small-format concept, a compact version of its usually warehouse-sized shopping experience.

Representatives at Crocker Park, including Ezra Stark, CEO of Stark Enterprises, which owns and manages the development, and Lidia Richani, Crocker Park’s SVP of Commercial Leasing, had worked for about two years to get IKEA into the space, according to Stacie Schmidt, vice president of marketing and communications for Stark Enterprises.

“Dick’s Sporting Goods was at the end of their natural lease expiration, so we were aware prior to their departure and had been trying to curate the proper tenant,” Schmidt told the CJN. “We were trying to find the perfect marriage. It’s such a large space, so we cared about it being a marquee element at Crocker. We looked at many different opportunities and wanted it to be experiential, because Crocker Park is all about the experiences, that’s our tagline.

We really felt after meeting with IKEA that we fit together.”

Dick’s Sporting Goods, an original tenant of Crocker Park when it opened in 2004, closed in April 2025 and moved to a new location in Avon. The currently empty store will be transformed into a space with room displays, showcasing how IKEA furniture pieces could be laid out in one’s home, a cafe with Swedish food and a marketplace with thousands of products, according to the release.

Richani had been in talks with IKEA for several years and when the retailer announced it would be adding small-format stores, it jumped at the opportunity.

“We really think this IKEA is going to be such a cool addition not to just Crocker Park or the city of Westlake, but to Cleveland itself. It will be a draw, people make trips constantly from here to Pittsburgh and Columbus for IKEA. Now, they won’t have to go far away. And people will plan weekend trips based around it. Our hotels will see an energy surge, and our small businesses that are around will benefit.”

Westlake Mayor Dennis Clough told the CJN the opening is

Office buildings fall into three market-driven classes KATERYNA KOPYLCHAK kkopylchak@cjn.org

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ffice buildings are often divided into three categories, Class A, Class B and Class C, but the distinction among them is not based on a strict checklist.

“It really is a market-driven classification,” David Leb, vice president and head of investment sales at Cushman & Wakefield | CRESCO Real Estate, said. “It’s not really a firm checklist of what makes it A, B or C.” Class A buildings generally represent the highest-quality office properties available within a particular market.

“Typically, Class A buildings are newer construction and have a higher degree of Leb amenities, but if there are no new buildings, then whatever the newest buildings are, even if they’re 20 to 25 years old, are still considered Class A,” Leb explained.

That is particularly relevant in the Cleveland market, he said.

Some Class A office buildings on the east side were constructed in the late 1990s or early 2000s but continue to fall into the top

category because of their condition and amenities.

“If they still are in good shape and have good amenities, strong amenities for tenants, for example, a lot of glass and large atriums, underground parking, that’s what makes a Class A building,” he said.

Examples of Class A properties in the Cleveland area include office buildings at Pinecrest and the Van Aken District, along Park East Drive and in Chagrin Highlands, Leb said. He also pointed to Lakepoint Corporate Center in Science Park and SITE Centers’ building at 3333 Richmond Road.

Downtown examples include Key Tower, 200 Public Square and the Oswald Centre, which Leb described as among the market’s higher-priced office properties.

Class B properties fall a step below Class A but can still provide desirable office space and strong locations.

“They have similar amenities, but it’s 1960s or 1980s construction, maybe doesn’t have the same degree of amenities, but it’s still a good location, a strong building that performs well,” he said.

Class C buildings, meanwhile, tend to provide more basic office space with fewer amenities and lower rental rates. However, the classification does not necessarily mean a building is struggling.

“Doesn’t mean it’s suffering or not full,” Leb noted. “There’s a lot

Branderhorst

Clough

Schmidt

“exciting news” for Northeast Ohio and the city.

“It’ll bring a lot more traffic to Crocker Park and solidify the other retailers, restaurants and businesses located there,” he said.

“Crocker Park is one of the premier town centers in the country, and this pays tribute to that. We’re pleased to have it here in Westlake and are very pleased IKEA is coming and will bring their services and products to the area.”

According to Branderhorst, the smaller-format concept is everything that IKEA is in a more compact space.

“The real strength of our store is the store itself,” she said. “It’s bringing IKEA to the customer. We’re really excited that everybody is going to be able to go in there and see the over 5,000 products we’ll have in that store. Customers can go in and shop, they’re going to be able to take things home and can go online and order absolutely everything. Anything that is available in any IKEA is available to the customer, they just might have to set it up for free pickup at the store. We also have low-cost options to ship it to people.”

IKEA is well-known for its Swedish cafe, serving up Swedish meatballs, hot dogs and ice cream.

“We think this is going to be such a cool opportunity for people to be able to shop and dine,” Schmidt said. “We feel blessed. We know that Crocker Park is a gem, but sometimes our own market gets a little blinded by it and doesn’t realize how fortunate we are to have such a unique experience. This really affirmed to us what we were feeling and loving about Crocker Park.” of full Class C buildings but it just doesn’t have the same amenity package and lower pricing, and sometimes not as good locations, and just more simple office space.”

Although location, age and condition can all play a role in the classifications, Leb said the quality of the building itself is one of the most important factors.

“Really, the quality of the building is the most important part of what makes a building as far as Class A, B or C,” he said. “Location is probably secondary in that classification, but it’s more about the amenities that the property offers for tenants and about the quality of construction and pricing.”

What tenants expect from Class A office buildings has also changed, Leb said. Amenities have become increasingly important as companies look for ways to encourage employees to work in person.

“What buildings are offering tenants has started to shift and become more and more amenities,” he said. “It’s become really important, whereas location used to be the most important.”

Leb said amenities such as fitness centers, underground parking and golf simulators can make an office building more attractive to employees.

“Making your employees want to come to work is more important than ever,” he said. “If there’s fitness, underground parking and golf simulators, and just a really great feel of the building, it can really help increase company culture and drive what’s Class A and what’s not.”

REAL ESTATE

AUGUST 28, 2026 | CLEVELAND JEWISH NEWS | CJN.ORG 3

REAL ESTATE

4 CLEVELAND JEWISH NEWS | CJN.ORG | AUGUST 28, 2026

Mixed-use development takes shape at former Bahama Breeze site MARTHA SOROHAN msorohan@cjn.org

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he site of the former Bahama Breeze Restaurant, at 3900 Orange Place in Orange, will soon be filled with construction equipment as a multi-building mixed-use commercial development begins to break ground.

The demolition of the former Caribbeanthemed restaurant and grill, vacant since May 2020 as part of restaurant operator Darden Restaurants’ decision to shut down the casual dining chain, was recently completed after the property was acquired

by Cleveland-based Flicore Real Estate.

Full details of the new project, including the names of tenants, have not been released, but Orange Mayor Jud Kline offered a few hints, saying while the Orange Village Planning & Zoning Commission has approved the basic plan, a few revisions and variance requests remain on its Sept. 1 meeting agenda.

“The retail space will focus on design and furniture, with second-floor offices,” Kline said, “It’s a recognizable brand bringing a concept that is new to the entire region.”

The parcel has an unusual size and shape that “creates awkwardness,” Kline said, because it is bisected by a utility easement.

Hughes

Kline

“It creates a challenge,” he added.

The buyer, however, viewed the lot’s shape and easement restriction as an opportunity, Kline said.

“They initially identified what they would do with the additional area and had to figure out what they might be able to accommodate,” Kline said. “The site can accommodate a second building, but it requires variances for set-back and others related to its geometry.

But it makes it a complex that offers variety and character to the site.”

The set-back variance for the site’s second building will also be on the planning and zoning commission’s September agenda, Kline said.

The Orange Village Architectural Review Board is further requesting changes to the

main building including more color to the exterior.

“They will be adding a blue-themed design for a tenant on the first floor,” Kline said.

With full approval pending, a building permit has not been issued and a construction start date has not yet been released.

When it comes to square footage, Kline said the project’s main two-story standalone building offers three spaces of 5,000 square feet, 7,000 square feet and 13,700 square feet, respectively. The second building will be 3,500 square feet.

“I am very excited to see this property re-imagined and think it’s going to be a good use,” Kline said.

He also said that it will connect well with RH Cleveland: The Gallery at Pinecrest, a furniture store across the street at 4009 Orange Place which has created a “corona effect,” or desire by other businesses to be around them.

“This development will provide the opportunity for those that want to associate with them to be there,” Kline added.

Another proposed Orange Place project, a 132-room Hilton Tempo hotel, on the 30,000 square-foot site of the former Red Lobster at 3655 Orange Place, is working

through zoning variance requests.

The parcel is flanked by two multi-story hotels – Candlewood Suites to the north and Courtyard by Marriott on the south.

California-based developer LuxOne, LLC, initially requested seven variances to reduce motel zoning acreage, room size, front and side yard setbacks, number of parking spaces and loading docks, and to increase by about six feet the building height to accommodate five stories.

Some variance issues have been settled.

Orange Village Council approved reducing from two to one the number of loading docks since the hotel will not have a fullservice restaurant.

In addition, the request to reduce hotel room sizes is now moot, said Orange Village Housing & Zoning Inspector Brandon Hughes. Village zoning code room size requirements had been deleted in 2017 but never officially updated in village records.

Also moot is the request to reduce the number of parking spaces since recent legislation gjves Planning and Zoning the authority to make such modifications, Hughes said.

The Hilton Tempo hotel project remains on Orange Village Planning and Zoning Commission’s Sept. 1 agenda.

Crocker Park named second best retail center in U.S. JIMMY OSWALD joswald@cjn.org

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rocker Park in Westlake was named the No. 2 retail center experience in the United States in the news outlet Chain Store Age’s annual ranking.

The mixed-use development took the runner-up spot based on several criteria, including innovation, entertainment offerings, community engagement and overall visitor experience, according to a news release.

“Being named the No. 2 Retail Center Experience in the United States is an incredible honor and reflects the collective efforts of our tenants, partners, employees, and guests,” Ezra Stark, CEO of Stark Enterprises, said in the release. “At Crocker Park, we are continually focused on elevating the experience through innovative programming, best-in-class retailers and spaces that foster connection and community.”

Crocker Park has an open-air environment and features over 100 retail shops along with an ever-evolving lineup of community-focused experiences, according to the release.

It holds annual events such as the Ice Festival, Block Party, Wine Festival, Food Truck Challenge, Tricks and Treat and a tree lighting celebration. The mixed-use space hosts Music in the Park and Movies in the Park each summer, when it also features a splash pad, and decorates the area for the holidays every year.

“We’re awe struck by it because we know we have great experiences, but there’s so many other beautiful places in the country, as well,” Stacie Schmidt, vice president of marketing and communications for Stark Enterprises, told the Cleveland Jewish News. “We’re grateful to be recognized, and it makes us feel motivated to continue to bring those experiences. What we do makes us different and unique, and we don’t want to placate it. We’re making sure we’re continuing to drive our initiative and goals.”

The honor demonstrates that Crocker Park continues to set the standard for experiential retail, according to the news release.

And the accolade comes on the heels of the announcement that IKEA will take over the former Dick’s Sporting Goods space, marking its first low-cost, ready-toassemble furniture and home goods store location in the Cleveland area. “(The addition of IKEA) further reinforces the region’s strength as a retail destination and helps drive continued interest, visitation and investment in the area,” Stark said in the release. “We are proud of this recognition and excited to continue building on that momentum in the years ahead.”

And Schmidt said that Crocker Park couldn’t be what it is today without a strong team on several different fronts.

“I don’t think everyone realizes how many people there are behind the scenes,” she said. “There are so many grounds people and maintenance people in the background,

Crocker Park offers over 100 retail stores and plays host to a variety of different experiences throughout the year at its open-air location in Westlake. | Submitted photo picking up every cigarette butt and piece of trash, cleaning the sidewalks and garages and painting. There are people who put the flowers together, and won first place in the business/institution category for the 2026 Westlake in Bloom competition, which is another accolade to the people that really are the ones that make it happen.”

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REAL ESTATE

6 CLEVELAND JEWISH NEWS | CJN.ORG | AUGUST 28, 2026

Shaker Square owners committed to its revival MARTHA SOROHAN msorohan@cjn.org

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leveland Mayor Justin Bibb spent his after office hours on Aug. 20 shopping and shaking hands with folks at Shaker Square, promoting the area along with the Larchmere and Buckeye neighborhoods in a city-sponsored promotional video.

A week later, Bibb was back on Shaker Square, joined by panelists Melissa GarrettHirsch, president of the Shaker Area Development Corporation; Cleveland City Council President and Ward 6 resident Blaine A. Griffin; and Brianna Perry, interim president and CEO of Cleveland Neighborhood Progress at a free cookout and forum sponsored by The City Club of Cleveland titled “Honoring the Legacy: Revitalizing Together: The Future of Shaker Square.”

The sailing has not been smooth for Shaker Square in recent years, but new ownership by the non-profit Cleveland Neighborhood Progress and Burten, Bell, Carr Development Inc. has pumped new life into the 97-year-old shopping community on Cleveland’s southeast side. According to its website, the new owners hired Streetscape, of Washington, D.C., to lead its retail strategy component. It designed a plan to “position Shaker Square as a thriving, mixeduse district grounded in market realities and community values.”

“Shaker Square is a cultural asset,” Perry told the Cleveland Jewish News. “An important part of the city of Cleveland. There’s not one person that I have met without a personal connection.”

Perry, a Cleveland resident, said CNP and Burten, Bell, Carr which own 90% and 10%, respectively, purchased the four-quadrant shopping center out of receivership in August 2022 to form Shaker Square LLC. Its goal, according to the City of Cleveland online communique, is to “stabilize the historic Shaker Square Shopping Center.”

The purchase was financed with a $12 million low-interest loan from the City of Cleveland to avert foreclosure. The former owner, Perry said, was an out-of-town buyer unfamiliar with the area who instead of improving it “did more damage.” Perry said

Bibb

Jones Forbes

CNP and BBC have invested $5 million in the shopping center so far, including new lighting, facades and safety amenities.

CNP announced last month that it also received a $50,000 Community Development Supplemental grant through Cuyahoga County for Shaker Square.

The City of Cleveland Planning Commission recently approved a “transformational” “vision plan” that the owners completed in early 2025.

Its goal, according to Perry, is to attract strong tenants to Shaker Square.

“We want to be able to attract and bring new amenities,” she said, adding the center is designed for small businesses. “I think our new vision plan will be able to reach that.”

Many initial improvements were behind the scenes, including upgrading HVAC in units with systems with two to three years of life remaining, Perry said.

As improvements continue, shopping center vacancy rates have improved, Perry said.

In addition to long-time tenants Dave’s Shaker Supermarket and Atlas Cinemas – which has also undergone several ownership changes – Shaker Square is home to Cleveland City Dance and City Ballet of Cleveland and The Greater Cleveland Urban Film Festival, along with CVS, Charlee’s Boutique, shark&minnow and Fashions by Fowler. Among its eight area restaurants is Sazani Oceana, an upscale seafood restaurant in the space formerly occupied by Edwin’s Too and Zanzibar Soul Fusion.

CNP is installing an elevator in CVS to access second floor office suites, Perry said, and plans to improve the amount of green space on the square.

“We’ve lost some tenants, but replaced a

“It’s not just a property that any developer should look at for a return. It’s a cultural asset and a community asset that’s worth saving.”

Brianna Perry Cleveland Neighborhood Progress

Improvements have been ongoing at Shaker Square since its 2022 purchase by Cleveland Neighborhood Progress and Burten, Bell, Carr Development, Inc. | Photo / CNP couple of them,“ Perry said. “ This year it’s holding steady. We have some newer businesses and some office tenants, too.”

Shaker Square is personal to Perry, whose first memory of the shopping center while growing up in Shaker Heights was eating at the former Yours Truly Restaurant followed by a visit to a nearby toy store.

“It has a lot of potential we can improve upon with programming, events,” she said. “It’s always been a community.”

Shaker Square is one location of the weekly North Union Farmers Market, a 30-year Saturday morning fixture from early April through mid-December. One of its biggest and best-known events is the Garlic Festival, coming this weekend on Aug. 29 and 30.

Josh Jones Forbes, CNP’s vice president of marketing and communications, told the CJN he has loved Shaker Square since his first visit to the North Union Farmers Market upon moving to Coventry.

“It’s one of the oldest planned shopping centers in the country, and a great transit hub,” he said.

A daily RTA rapid transit commuter from the West Side to CNP’s offices on Shaker Square, Jones Forbes loves all older, established retail areas and their place in urban neighborhoods.

“Shaker Square is a great welcoming point,” he said.

Jones Forbes said he focuses on selling Shaker Square as an east side shopping, walking and gathering base. He said it has new businesses to visit and great events year-round.

“It’s original and still the best,” he said. “And the potential I see is that Northeast Ohioans in general are feeling more socially isolated and don’t have as many gathering spaces and time to rediscover.”

Addressing safety at Shaker Square, Jones Forbes said it is a top consideration in any public space and that additional security and lighting were part of CNP’s $5 million investment. New signage around Shaker Square, he said, points out some of these improvements.

“If you walk around, some security you can see, and some you can’t,” he said. “And that’s helpful, especially the ones you can’t see. There are more that you can’t see.”

Public perception of safety in any shopping area and gathering space is important, he said.

“The feeling of safety is different from the statistics,” Jones Forbes said. “Statistics for cities in general are declining, but the feeling is most improved when there are other people about, when people are keeping their eyes out, when there is lighting, and security cameras, and jobs and liveliness and events.”

In that regard, Jones Forbes says that Shaker has improved tremendously in the last four years, also calling it a neighborhood asset.

“I can only speak about perceptions. But I feel safer than other places and I hope everyone else does, too,” he said.

“It’s not just a property that any developer should look at for a return,” she said. “It’s a cultural asset and a community asset that’s worth saving.”

REAL ESTATE

AUGUST 28, 2026 | CLEVELAND JEWISH NEWS | CJN.ORG 7

Our zoning codes were written for a world that no longer exists OVER 125 YEARS OF TRUSTED LOCAL BUSINESS FINANCING

ANDREW GOTLIEB Special to the CJN

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ost zoning codes here were drafted when a “warehouse” meant forklifts and loading docks and an “airport” meant a runway. Today, we site buildings that consume the electricity of a small city while employing a few dozen people, and landing pads for aircraft that appear in no use table we have.

Data centers and drone ports are not a future problem.

They are on planning commission agendas now, under codes never written with them in mind.

A data center is usually processed Gotlieb as industrial or warehouse – the closest match in the code. But the impacts don’t line up. Truck traffic, the thing industrial zoning is built to manage, is minimal. What isn’t minimal is electrical demand, water for cooling and a continuous 24/7 low-frequency hum punctuated by high-pitched whine. That hum is why residents call these buildings a nuisance – and what a category built around truck trips fails to flag.

Communities are responding two ways. Some are pausing. Twinsburg City Council passed Ordinance 2026-065 in April, a 12-month moratorium on data center permits while the city studies whether and where to allow the use. But a pause only buys time. Ohio law does not let a city ban a lawful use, so the real work is writing standards. Findlay’s proposed ordinance would allow data centers only as a conditional use in one industrial district and require a 1,000-foot setback from homes and schools, an acoustical study, closed-loop cooling and a decommissioning plan.

None of that is anti-development. It’s asking the right questions at the right stage.

Drone ports raise a different issue: vertical space. A hub where aircraft store, charge and launch has a small ground footprint. The impact is overhead, over neighborhoods never party to one. For a 2-dock Zipline drone station on Science Park Drive, about 100 feet from I-271, the

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planner’s report was straightforward: the site sits in the U-9 motor service district, the pads and tower meet its setback and height limits, and “air space issues are controlled by the FAA.” A district written for auto service accommodated an aviation facility, and the impact that mattered fell outside local reach.

Although Beachwood is no stranger to small aircraft flying by Interstate 271. It hasn’t seen it in over 30-plus years since Beachwood Radio Airfield existed on Richmond Road, where University Hospitals Ahuja Medical Center exists today.

No jurisdiction has this solved. But the choice isn’t between welcoming these uses and blocking them. It’s between categories that fit and ones that don’t.

A community that defines these uses, sets standards for water, power, noise and airspace, and says where they belong gives applicants predictability and residents a real voice. One that waits decides anyway – one variance at a time, under deadline.

The time to update our codes is now.

Over the coming year I’ll take these up one at a time, exploring zoning uses, reporting on them and their impact.

Andrew Gotlieb is founder6-month and director of planning & development at Zoningworx, a planning and zoning consulting firm in Cleveland.

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REAL ESTATE

8 CLEVELAND JEWISH NEWS | CJN.ORG | AUGUST 28, 2026

Individual investors eye commercial buildings NOELL WOLFGRAM EVANS

R

eal estate has long been seen as a prime investment opportunity. For the past several years residential properties have been the focus of individual investors.

That was due in part to the abundance of television programs that extolled how seemingly easy it is to invest in a home and prepare it for resale or as a rental property.

Many individual investors are now also eyeing commercial properties as a vehicle with which to grow their bank balance.

“Commercial properties are Soclof attractive to investors because they generally come with longer lease terms and there can be the benefit of having multiple tenants,” Jeffrey Soclof, a Realtor with Coldwell Banker Commercial Emmco Realty Group in Beachwood, said.

That speaks to the importance of not investing in a space strictly for what’s there now, but putting it through a stress-test to ensure that when tenants change over you can weather the time between leases. Soclof explained that if the property is something like a strip mall and a retailer leaves

you would still have some income coming in from the other retailers. But if you are holding a warehouse in your portfolio and the company using it, stops, you now just have a large empty building on your hands.

That there are those types of options shows the wide variety of investment opportunities in commercial properties available to individual investors. In addition to strip malls and warehouses there are offices, hotels, stand-alone retail units, multi-use spaces, and multi-family buildings. The “right” one for an investor to add to their portfolio “depends on the cost/benefit relationship between the property and investor,” Soclof said.

It is estimated by Franklin Templeton that individual investments in commercial real estate grew by nearly 30% this year (versus 2025). The majority of that investment happened in the industrial space with multifamily structures (such as apartments) and office units rounding out the top three spots. One commercial structure that has not been a popular investment option in the first half of the year are data centers. They are done 30% in investment dollars from this same time last year.

Regardless of the type of commercial property, many investors are looking for value-add scenarios. These are buildings that can be purchased at a lower initial price point leaving the investor with cash to put into upgrades.

This focus on individual investors moving into commercial properties is not new.

“There have always been people looking to invest in commercial property,” Soclof said.

While many people do so as an individual investor, others become part of a syndicate. This is when an investor raises the funds they need by soliciting funds from other individual investors.

Soclof also advised that investors should “always diversify their investment assets.” Doing so helps you to be in a better position for a worst-case scenario he said.

“It’s really important for the investor to understand their risk profile before seriously contemplating an investment like this (commercial property),” Soclof said.

Working with an agent is also an important part of the investment equation.

“They can help you to understand the nuances of each opportunity,” he explained. “For example, a stabilized industrial space or apartments or retail can be a strong investment opportunity but they involve more management than a single tenant, net lease building.”

Noell Wolfgram Evans is a freelance writer.

When divorce involves commercial real estate, details matter ANDREW ZASHIN

D

aaz@zashinlaw.com

ividing assets during a divorce can already be emotionally and financially difficult, but the process can often become significantly more complicated when commercial or investment property is involved. Unlike a family home or standard bank account, commercial real estate involves business income, tenants, mortgages, appreciation, tax consequences, and questions about whether part of the property should be considered separate or marital property.

In Ohio, courts generally begin by determining whether an asset is marital property, separate property, or a combination of both. That issue frequently becomes more complicated when one spouse owned a commercial property before the marriage. While the original premarital value of the property may remain separate property, any increase in value during the marriage may become disputed.

One of the key questions courts often examine is whether the appreciation in value occurred passively through outside market conditions or actively through the efforts and contributions of one or both spouses during the marriage. That distinction can significantly affect whether part of the increase may ultimately be considered marital property subject to division.

For example, if marital income was used to renovate a property, reduce debt obligations, improve operations, manage tenants, expand a business, or otherwise increase profitability, a court may determine that some portion of the appreciation is tied to marital contributions rather than market forces alone. On the other hand, appreciation caused primarily by broader economic conditions or rising property values may be treated differently.

Commercial real estate can also create valuation challenges that are not always present with other marital assets. Determining the fair market value may require appraisals, analysis of rental income, review of operating expenses, examination of lease agreements, and consideration of future income potential. In many cases, parties may disagree not only about what a property is currently worth, but also about the financial obligations and opportunities that come with retaining ownership after the divorce.

Tax considerations may add another layer of complexity. While transfers of property between spouses incident to divorce are generally not immediately taxable under federal law, future tax consequences may still become important when negotiating a settlement. Capital gains exposure, depreciation issues, financing obligations, maintenance costs and ongoing operating expenses can all affect the true long-term value of a commercial property.

These issues have become increasingly important as commercial property values, financing costs, and operating expenses continue to fluctuate. Business owners, investors and families with investment properties are often dealing with more financially complex assets than in years past, making careful analysis and documentation even more important during divorce proceedings.

Because every commercial property is different, early financial and legal planning can be critical. Important documents may include deeds, mortgage statements, tax returns, business records, lease agreements, operating agreements, and prior appraisals. In some situations, attorneys, accountants, valuation professionals, or tax advisers may all play a role in helping parties better understand the long-term consequences of a proposed property division.

When commercial real estate becomes part of a divorce, the dispute is often about more than who holds title to the property.

Questions about how the property gained value during the marriage, who contributed to its growth or management, and what financial obligations may remain after the divorce can all become important parts of the discussion. Taking the time to gather financial records and evaluate these issues early can often help reduce conflict and provide a clearer picture of the long-term impact of a property division agreement.

Andrew Zashin writes about law for the Cleveland Jewish News. He is the founding partner of Zashin Law in Mayfield Heights.

DISCLAIMER The Cleveland Jewish News does not make endorsements of political candidates and/or political or other ballot issues on any level. Letters, commentaries, opinions, advertisements and online posts appearing in the Cleveland Jewish News, on cjn.org or our social media pages reflect the views and thoughts of the writer and do not necessarily reflect the opinions of the Cleveland Jewish Publication Company, its board, officers or staff or any other organization unless explicitly stated.

REAL ESTATE

AUGUST 28, 2026 | CLEVELAND JEWISH NEWS | CJN.ORG 9

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REAL ESTATE

10 CLEVELAND JEWISH NEWS | CJN.ORG | AUGUST 28, 2026 ADVERTORIAL

Others Vacation at a Resort.

You Live In One.

“The Power of Local Expertise” At Coldwell Banker Commercial Emmco Realty Group, our professionals provide exceptional industry knowledge and experience to serve clients throughout Northeast Ohio and through the CBC network around the globe.

Wherever you’re located, we’ll find creative solutions for your real estate needs because your business objectives are our top priority.

Commercial Real Estate Services: Property Sales | Buyer Representation Leasing and Tenant Representation | Consulting Services | 1031 Tax Deferred Exchanges Development Services | Construction | Property Management

Jeffrey Soclof, CCIM President and Broker jeffrey@emmcorealtygroup.com | 216-292-3700 Each office is independently owned and operated

Belle Oaks Marketplace A NEW LUXURY DESTINATION RISES IN NORTHEAST OHIO A new chapter is taking shape on Cleveland’s east side – one that introduces a level of integrated luxury living the region has not previously experienced.

Belle Oaks Marketplace is scheduled to begin occupancy in the fourth quarter of 2026.

Spanning 70 acres in the northeastern Cleveland metropolitan area, Belle Oaks Marketplace is a fully master-planned community designed from the ground up as a true walkable neighborhood. Luxury residences, curated retail, dining, fitness, and social spaces are seamlessly integrated into a single, cohesive environment – creating a destination that functions as a self-contained urban enclave.

Upon completion, Belle Oaks Marketplace will feature 791 luxury residences alongside more than 315,000 square feet of retail and dining. Residents will enjoy immediate access to a thoughtfully curated mix of national and regional brands, including Meijer, Starbucks, Walgreens, Dollar Bank, Chick-fil-A, car wash, car care center and more than twenty additional shops, restaurants, and service providers.

The community is centered around Park Square Lake, a landscaped gathering space framed by pedestrianfriendly streets designed to evoke the character and connectivity of an established neighborhood.

The residential experience reflects a commitment to elevated design and livability. Residences, designed by Cleveland-based architecture firm Bialosky, feature 9-to-11 foot ceilings, quartz countertops, full-size in-unit washers and dryers, custom walk-in closets, private patios or balconies, and expansive floor-to-ceiling windows. Large oneand two-bedroom floor plans are complemented by innovative layouts, including a distinctive onebedroom residence with a den and powder room — tailored to the evolving needs of today’s residents.

At the center of the community is the Sterling Club, Belle Oaks’ signature resident lounge, social hub and Wellness Center. This refined space features a full-service bar, food and beverage offerings, private concierge desks, and an indoor-outdoor bar that opens onto a resort-style heated pool deck. Designed to accommodate both social and professional gatherings, the Sterling Club offers residents a sophisticated setting to connect, entertain, or conduct business – without leaving home.

Additional amenities include a state-of-the-art

fitness center and yoga studio, co-working lounge, EV charging stations, a smart package room, and 160,000 square feet climate-controlled storage facility for residents. Nearly five miles of landscaped walking and running trails weave throughout the property, complemented by a pet-friendly park with grooming stations and a scenic turtle pond.

“At Belle Oaks Marketplace, we are delivering more than luxury apartments,” said Sterling McGregor, President of DealPoint Merrill, the firm developing the community. “We are creating a lifestyle environment designed to meet residents where they are – offering convenience, quality, and a sense of place that supports how people live, work, and connect today.”

The Beachwood and Shaker Heights corridors have long been synonymous with refined living in Northeast Ohio. Belle Oaks Marketplace builds on that legacy by introducing a fully integrated living experience where daily conveniences and elevated amenities exist just steps from home – from morning coffee and essential errands to evenings at the Sterling Club and weekend walks through beautifully landscaped grounds. Belle Oaks is conveniently located just 14 minutes from Cleveland Clinic and 22 minutes from downtown Cleveland.

Reservations are now being accepted. Additional information and private tours are available at belleoaksmarketplace.com or at the Leasing Center within the Marketplace, where prospective residents may experience model residences firsthand.

Belle Oaks Marketplace 775 Richmond Road Richmond Heights, OH 44143 216-302-2000 belleoaksmarketplace.com

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Do you have a unique story the Northeast Ohio Jewish community needs to know? Send the details to editor@cjn.org for a chance to be featured in an upcoming issue.

REAL ESTATE

AUGUST 28, 2026 | CLEVELAND JEWISH NEWS | CJN.ORG 11 ADVERTORIAL

CBRE, Inc. NORTHEAST OHIO RETAIL IS ON FIRE

By Kevin Moss, Senior Vice President, CBRE Advisory & Transaction Services | Retail

I

KEA in Cleveland? Cleveland made national retail news when Stark Enterprises announced IKEA for the former Dicks space at Crocker Park in 2027. Great work, Stark team.

MALLS HAVE LIFE (JUST NOT AS MALLS) Malls are not dead, they’re reinventing themselves. Richmond Mall, now Belle Oaks, is now Meijer, 800+ apartments, along with a lineup of future outparcels. South Park mall in Strongsville mall now has a Dicks House of Sports, planned hotel, and future commitments on the outparcels and vacant boxes. Mentor will soon have a Dicks House of Sports, along with future users for the former Sears. Great Northern Mall has outparcel investments with planned retail for the vacant boxes.

Don’t worry east siders, Beachwood Place will eventually reinvent itself, this is the best real estate in Northeast Ohio.

CAPITAL IS CHASING CLEVELAND There have been many notable retail trades from out of state investors, including Pinecrest, Shoppes at Parma, Ridge Park Square and Southland Shopping Center over the past year. Institutional investors are focused on Northeast Ohio, chasing yield and stability over the high price, low yield markets. A win for Cleveland.

CBRE | Advisory & Transaction Services | Retail Kevin Moss Senior Vice President 950 Main Ave., Suite 800 Cleveland, OH 44113 216-363-6453 kevin.moss@cbre.com

RETAIL IS ALIVE, BUT JUST LOOKS DIFFERENT Shopping centers still have traditional retail, but the growth has been from alternative uses. Children’s entertainment, fitness, health and wellness, medical, etc have seen the most growth.

GAS STATION, CAR WASH AND FAST FOOD WARS Despite public pushback, gas station, car wash and fast food operators are aggressively expanding. Until we’re all driving electric cars, gas stations are here to stay. Similar to gas stations and car washes, cities are pushing back on the amount of drive-thru concepts.

Despite LeBron not selecting Cleveland, there’s a lot to love about Northeast Ohio retail.

THE RETURN OF THE LIFESTYLE CENTER Pinecrest, Legacy Village, Crocker Park, Eton Collection seem to have a new Tenant announcement weekly. Customers are seeking experiences the casual dining and experiential retail is back in full force.

COMMERCIAL REAL ESTATE SALES AGENT RETAIL SERVICES GROUP | CBRE, INC. KEVIN MOSS is a real estate professional in the Cleveland CBRE Retail Services Group specializing in: • Landlord Retail Leasing Representation • Land Acquisition & pre-leasing for Retail Developers • Property Disposition through Auction Format • Retail Tenant Site Selection Representation • Hotel & Gas Station Site Selection Kevin Moss

For inquires on how I can assist with your retail real estate needs, please contact:

Senior Vice President +1 216 363 6453 kevin.moss@cbre.com

CBRE, Inc.

950 Main Avenue Suite 800 Cleveland, OH 44113

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REAL ESTATE

12 CLEVELAND JEWISH NEWS | CJN.ORG | AUGUST 28, 2026 ADVERTORIAL

Ag Real Estate Group ERIC M. SILVER: TRUSTED COMMERCIAL REAL ESTATE BROKER AND COURTAPPOINTED RECEIVER

The Ag Real Estate Group, Inc. was founded by Eric M. Silver in 2000.

E

ric Silver is a distinguished figure in the commercial real estate industry, known for his deep market expertise, strategic insight and commitment to ethical standards. With decades of experience, Silver has built a reputation as a resultsdriven commercial real estate broker, specializing in the acquisition, disposition and leasing of investment-grade properties. His clients range from private investors to institutional stakeholders, all of whom rely on his keen understanding of property valuation, market trends and negotiation tactics.

Beyond his brokerage work, Silver has earned significant recognition in the legal and financial sectors as a courtappointed receiver. In this capacity, he is entrusted by the courts to manage and preserve distressed or disputed real estate assets during litigation or foreclosure proceedings. His role often involves stabilizing operations, managing property finances and preparing assets for sale, all while remaining accountable to the courts and stakeholders involved.

Silver’s dual expertise allows him to navigate complex property scenarios with a rare balance of legal responsibility and market insight. His work as a receiver requires objectivity, transparency, and a strict adherence to fiduciary duties – traits that also underscore his work as a broker.

Clients and legal professionals alike turn to Silver for his proven ability to recover value from underperforming or mismanaged properties. His methodical approach, combined with a deep understanding of both the real estate market and judicial process, position him as a trusted adviser in challenging and complex real estate matters.

Whether acting as a broker or a receiver, Silver delivers integrity, professionalism and exceptional outcomes across all facets of commercial real estate. His work stands as a model of how industry knowledge and legal accountability can align to protect and enhance asset value.

Commercial Real Estate: • Acquisition, Development, Management and Brokerage • Court Appointed Receiver • Licensed Real Estate Broker • Licensed Auctioneer 3659 South Green Road, Suite 216 Beachwood, Ohio 44122 216-350-2394 info@agrealestategroup.com

Ag Real Estate Group 3659 S. Green Road, Suite 216 Beachwood, OH 44122 216-350-2394 info@agrealestategroup.com

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elcome to Atrium in The Village, an oasis of luxury living nestled in beautiful Beachwood, Ohio. Here, effortlessness and serenity meet, offering an exceptional lifestyle that combines comfort, convenience, and elegance.

Our spacious one-, two-, and three-bedroom suites are designed with meticulous attention to detail. Each home features an updated kitchen, in-unit laundry, and spacious closets, while beautiful granite bathrooms provide a touch of spa-like indulgence. Relax on your private balcony, enjoying gorgeous views of the beautifully landscaped, 23-acre grounds, complete with a serene lake and walking paths. For added peace of mind, our apartments sit tucked away from the busy main roads, and a heated indoor garage ensures you are always protected from the elements.

Beyond your front door, a wealth of deluxe community amenities awaits. Stay active in our state-of-the-art fitness center, take a refreshing dip in the swimming pool, or challenge a neighbor to a match on the tennis and pickleball courts. The central clubhouse is the perfect venue for hosting events or simply socializing with fellow residents.

Atrium in The Village’s prime location puts you at the center of it all. You are within walking distance of premier shopping and dining at Beachwood Place and Legacy Village. With easy access to major freeways and 1-3 BEDROOMS

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REAL ESTATE

AUGUST 28, 2026 | CLEVELAND JEWISH NEWS | CJN.ORG 13 ADVERTORIAL

Cushman & Wakefield | CRESCO Real Estate WHY SMART MONEY SHOULD BE BUYING CLEVELAND OFFICE AND APARTMENTS RIGHT NOW

By David Leb and Max Ferguson

C

leveland rarely gets national attention for its real estate fundamentals, but investors should be paying attention. From what we are seeing in the market, two asset classes in particular offer compelling opportunities right now: stabilized office and multifamily.

They are attractive for different reasons.

OFFICE: STRONGER FUNDAMENTALS THAN THE PRICING SUGGESTS Well-leased office buildings in Northeast Ohio are trading at cap rates around 10%, even when they have established tenants paying market rents.

At those prices, investors can achieve strong returns from in-place income without relying on major renovations, lease-up or aggressive rent growth.

Much of the opportunity exists because institutional investors remain cautious about office. National headlines around remote work and corporate downsizing continue to influence investment decisions, even though conditions vary significantly by market and property.

In Cleveland, many tenants have already adjusted their footprints.

Companies that needed less space have downsized, while those remaining in the market have generally made longer-term decisions about how much office space they need.

At the same time, very little new office product is being developed.

That limited supply, combined with more stable tenant demand, creates an increasingly favorable environment for well-located, well-leased properties.

Cleveland also has a large base of professional services, healthcare and locally focused businesses that value proximity to their employees and clients. For investors willing to evaluate properties individually rather than write off the entire office sector, current pricing can create an attractive entry point.

APARTMENTS: HIGHER PRICING, BUT STRONG FUNDAMENTALS The multifamily story is different. Quality apartment properties in Cleveland’s strongest neighborhoods are not heavily discounted. Investors are paying lower cap rates because rental fundamentals remain strong.

High interest rates and construction costs have slowed new apartment development across the country. Cleveland had relatively modest levels of new construction to begin with, limiting the amount of new supply entering the market.

Meanwhile, rents in the Cleveland market increased approximately 2.8% year over year as of early 2026, outperforming a national market that was essentially flat.

For investors, that creates an opportunity to own stabilized properties where performance can be driven by existing market fundamentals rather than a major value-add strategy. Well-maintained buildings in areas such as Ohio City, University Circle and strong suburban communities can benefit from continued rental demand and limited new supply.

reflects continued uncertainty around the sector. Multifamily commands a premium, but that premium reflects Cleveland’s strong occupancy, rent growth and limited supply.

In both cases, investors who understand the local market may find opportunities that are easy to miss when viewing Cleveland through a national lens.

Our investment sales team currently represents more than 30 properties, with additional opportunities available off market. If you would like to discuss what’s available, we would be happy to connect.

David Leb, CCIM, is Vice President and Head of Investment Sales, and Max Ferguson is a member of the Investment Sales team at Cushman & Wakefield | CRESCO Real Estate in Cleveland.

Cushman & Wakefield | CRESCO Real Estate David Leb, CCIM Vice President, Head of Investment Sales 6100 Rockside Woods Blvd., Suite 200 Cleveland, OH 44131 crescorealestate.com 216-520-1200

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TWO DIFFERENT OPPORTUNITIES IN THE SAME MARKET The office and multifamily opportunities are not the same.

Office offers the potential to acquire stabilized assets at pricing that

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Class A Medical/ Office Buiding (95% Occupied) Signature Centre 5885 Landerbrook Boulevard, Mayfield Heights, Ohio 44124

Your next acquisition or your best exit - we do both.

DAVID LEB

MAX FERGUSON

+1216 520 1200 | www.crescorealestate.com

38,000 SF Cash Flowing Office Building (95% Occupied) First Federal Lakewood Building 24441-24481 Detroit Road, Westlake, OH 44115

REAL ESTATE

14 CLEVELAND JEWISH NEWS | CJN.ORG | AUGUST 28, 2026 ADVERTORIAL

Northeast Ohio’s Commercial Real Estate Experts

MORE THAN A BROKERAGE. A PARTNER AT EVERY STAGE. From the first opportunity to the finished space, Commercial Property Partners brings every phase of commercial real estate together under one experienced team.

BROKERAGE | CONSULTING | DESIGN | CONSTRUCTION MANAGEMENT GERILYN GLEASON, CCIM, CEO LET’S TALK ABOUT WHAT’S NEXT FOR YOUR PROPERTY

216.210.5914

JEFFREY M. KAHN, President

216.375.8164

RealEstateCPP.com

Commercial Property Partners (CPP) ONE TEAM. EVERY STAGE. BETTER COMMERCIAL REAL ESTATE OUTCOMES. Commercial real estate decisions rarely involve just one decision. A property may need to be positioned for sale, prepared for a new tenant, redesigned for better use or renovated to unlock its full potential. When each phase is handled separately, owners and businesses can lose time, clarity and momentum.

Commercial Property Partners (CPP) offers a more connected approach. Headquartered in Independence and serving clients throughout Northeast Ohio, CPP brings brokerage, consulting, interior design and construction management together within one team.

For property owners, that means informed guidance from market analysis through negotiation, planning and project completion. For buyers and tenants, it means access to professionals who can look beyond a listing and help evaluate how a space may support long-term operational and financial goals.

Led by Gerilyn Gleason, CCIM, CEO, and Jeffrey M. Kahn, President, CPP combines decades of experience with the personal attention of a boutique firm. Clients work with professionals who understand the transaction and the practical details that influence a property’s value and performance.

CPP’s in-house space-planning and interior-design capabilities are an advantage. By integrating design into the real estate process, the team can help clients

visualize possibilities, evaluate improvements and create environments that attract tenants and support business needs. When renovation or construction is required, CPP can coordinate contractors, schedules, budgets and quality standards to keep the project moving forward.

Whether the goal is to sell, lease, purchase, develop or reposition a property, CPP begins with the client’s objectives and builds a strategy around them. This integrated perspective helps clients make decisions while protecting time and investment. The result is a streamlined experience, fewer handoffs and one accountable partner focused on the bigger picture.

To explore properties or discuss your commercial real estate goals, visit RealEstateCPP.com.

Commercial Property Partners (CPP) Jeffrey M. Kahn, President 216-375-8164 JKahn@RealEstateCPP.com Gerilyn Gleason, CCIM, CEO 216-210-5914 GGleason@RealEstateCPP.com realestatecpp.com

ADVERTORIAL

Colliers

I Trusted Advisors.

Proven Results.

Delivering multifamily solutions across Northeast Ohio and beyond.

Backed by more than four decades of experience, our team has successfully represented institutions, individuals, and partnerships in transactions totaling over $3 billion.

© 2026. All rights reserved. Colliers International Group Inc.

Gary Cooper, CCIM, JD Senior Vice President +1 216 242 1200 gary.cooper@colliers.com

Jared Shapiro

Vice President +1 216 239 5126 jared.shapiro@colliers.com

n today’s apartment investment environment, investors are placing greater emphasis on durable cash flow, attractive basis, and downside protection than on aggressive rent growth projections. By those standards, Northeast Ohio remains a compelling market.

Over the past year, the market delivered 1,493 units and absorbed 730, driving vacancy to 10.1% as supply outpaced demand. Asking rents increased 2.3% year-over-year, with the impact of new deliveries felt most acutely in recently completed Class A properties.

However, concessions have increased faster than rent growth, resulting in lower effective rents.

The good news for investors is that supply pressures appear to be peaking. Groundbreakings have slowed, the construction pipeline has contracted, and new deliveries should moderate in the coming years. While demand has softened alongside modest population and employment growth, the region’s affordability continues to support long-term renter demand.

The investment thesis remains clear. Assets can still be acquired below replacement cost, and yields compare favorably with many primary and highgrowth markets. As capital becomes more selective, stable income and capital preservation are becoming increasingly important.

MORE THAN A A PARTNER AT

From the first opportunity to the f

Property Partners brings every ph Supported by a diversified economy anchored by together under one experienced t healthcare, education, manufacturing, and professional services, Northeast Ohio has historically demonstrated resilience through multiple market cycles.

BROKERAGE | CONSULTING | DESI Although elevated vacancy will likely limit near-term rent growth, easing supply pressures and attractive GERILYN GL acquisition economics position the market for favorable 216.210 LET’S TALK ABOUT WHAT’S NEXT Northeast FOR YOUR PROPERTY long-term, risk-adjusted returns.

Ohio may JEFFREY M not be a high-growth story, but it continues to offer 216.375 what many investors value most: Stability.

*Sources: Colliers Research & CoStar Market Report Colliers Jared Shapiro Vice President | Cleveland – Akron 200 Public Square, Suite 1050 Cleveland, OH 44114 216-239-5126

Content provided by advertising partners

REAL ESTATE

AUGUST 28, 2026 | CLEVELAND JEWISH NEWS | CJN.ORG 15 ADVERTORIAL

Premier Development Partners, LLC

T

his is your opportunity to put your office along one of Northeast Ohio’s busiest corridors. 6300 Wilson Mills in Mayfield Village offers immediate access to I-271 and over 2,000 feet of frontage along I-271. Conveniently located between downtown Cleveland and Lake County, this office offers easy access to a wide talent pool.

6300 Wilson Mills Road offers ±647,000 SF of Class A office space that spans three buildings. The North Building has ±110,000 SF of office space, including Peter B. Lewis’ original office. The West Building has ±203,000 SF of office space including an open-air atrium, a spacious patio, a cafeteria with room for hundreds, and a fitness center.

The East Building has ±333,000 SF of office space across 5 floors with phenomenal views of the entire campus available on the upper floors. Every building can be divided into suites starting at 20,000 SF. All three buildings connect to each other and the parking garage via an underground tunnel system, allowing quick access across the campus while avoiding any inclement weather.

Contact Premier to learn more about this property and schedule your tour! Visit premierdevelop.com or reach out to Spencer at spencer@premierdevelop.com or 216-4967000.

Good news travels fast.

Premier Development Partners is your commercial real estate partner. We are a full-service, privately held design-build, construction, and commercial real estate development firm. Our expertise spans development, redevelopment, build-to-suit projects, demolition, construction management, property management, and acquisitions. We are dedicated to delivering thoughtfully designed spaces that exceed client expectations while maintaining budget, quality, and safety standards.

Premier Development Partners, LLC 5605 Granger Road, Suite 100 Cleveland, OH 44131 216-341-1200 premierdevelop.com

KET

Photo courtesy of The Milgrom family

Babka is already on top of this week’s CJN. Are you?

I-271

Content provided by advertising partner

Start your free 6-week trial — cjn.org/subscribe Subscribe today and join home delivery subscribers like Sydney and Ben Milgrom (and Babka).

±2,100 FT FRONTAGE

NEW TO MARKET ±647,367 SF (DIVISIBLE) 3 BUILDINGS

±42

ACRES

VILLAGE, OH 44143

216.496.7000 premierdevelop.com

I-271

±2,100 FT FRONTAGE

±647,367 SF (DIVISIBLE) 3 BUILDINGS

±42

ACRES 6300 WILSON MILLS ROAD | MAYFIELD VILLAGE, OH 44143

216.496.7000 premierdevelop.com

REAL ESTATE

16 CLEVELAND JEWISH NEWS | CJN.ORG | AUGUST 28, 2026 ADVERTORIAL

Presidio Commercial Real Estate Specialists

B

ased in Beachwood, Presidio is a boutique commercial real estate brokerage firm led by its principals, David Horowitz and Rocco DiPuccio. WIth over 40 years of combined experience in the Northeast Ohio commercial real estate market, David and Rocco founded Presidio in 2020 to provide best-in-class service, expertise, and creativity to their clients.

Leveraging their personal experiences owning and operating commercial properties, David and Rocco develop and execute creative strategies for tenants, landlords and investors in lease, acquisition, and sale transactions across Northeast Ohio. As owners and as strategic advisers, David and Rocco are “in the market” every day; as such, they have a deep understanding and unique perspective of market dynamics, trends and opportunities.

David and Rocco welcome the opportunity to discuss your firm’s real estate objectives and offer a complimentary lease/ property review.

To contact David or Rocco, please email david@presidiocres.com or rocco@presidiocres.com, or call 216-273-1111.

Presidio Commercial Real Estate Specialists

cjn.org/subscribe

David Horowitz david@presidiocres.com 216-273-1111 Rocco DiPuccio rocco@presidiocres.com 216-273-1111

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For Class A office space, think

5875 Landerbrook Dr, Mayfield Hts

25001 Emery Rd, Warrensville Hts

3700 Park East Dr, Beachwood

You wouldn’t borrow your parents’ toothbrush... why borrow their CJN?

3201 Enterprise Pkwy, Beachwood

Best-in-class ownership and property management Limited suites remaining from 1,500-15,000 SF

Exclusively represented by:

David Horowitz

david@presidiocres.com 216-273-1111

Rocco DiPuccio

rocco@presidiocres.com 216-273-1111

REAL ESTATE

AUGUST 28, 2026 | CLEVELAND JEWISH NEWS | CJN.ORG 17

Partner with Cleveland’s Market Leader Marcus & Millichap brings together in-depth market knowledge, the industry’s leading brokerage platform, and exclusive access to inventory to deliver outstanding results. With specialization in over 12 property types, we guide our clients to the best opportunities to match their unique investment needs. Our financing division, Marcus & Millichap Capital Corporation, provides tailored financial solutions to help our clients build and preserve their real estate wealth.

169 30

Investments Sales Transactions Closed

Investment Sales Agents & Loan Originators

$1.8B 69

In Closed Volume

Financing Deals with $721 Million in Volume

T12: Data from July 1, 2025 through June 30, 2026

Explore exclusive opportunities with Cleveland’s top commercial real estate experts.

MICHAEL L. GLASS Executive Managing Director/ Divisional Chief Revenue Officer, Midwest 216-264-2050 Michael.Glass@MarcusMillichap.com Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. ©️ 2026 Marcus & Millichap.

REAL ESTATE

18 CLEVELAND JEWISH NEWS | CJN.ORG | AUGUST 28, 2026 ADVERTORIAL

The Luxe at Pepper Pike LIVE THE LUXE LIFESTYLE!

Where renting a home is a worry-free choice.

Dear Future Resident of The Luxe at Pepper Pike, We are so excited you have chosen this amazing Premier Rental Home Neighborhood as your new address.

We assure you that our incredible team of professionals, who pride themselves on delivering legendary customer service, will make sure your experience living at The Luxe is everything you hope it would be and more. Nowhere else in the region offers this quality of townhome and finishes, combined with this level of service from an award-winning property management company that is available as a rental.

What is so exciting is that you’ll find the nicest and best neighbors in this community. Many people, similar to yourself, have either sold or are selling their large homes after decades of raising a family, desiring a carefree lifestyle where someone else handles all the work while you still enjoy the luxury of a home. They, like you, came to check us out, to ensure they’d be happy after moving out of their home. We are honored that you’ve chosen to become part of our community. You will now have the freedom to travel without worrying about your home, as you can request that we check on it while you are away. Many travelers and snowbirds love this convenience. We also cater to many professionals relocating to Cleveland for work who want to live in this desirable location because of its convenience to hospitals, shopping, dining, entertainment, and the Orange School System, where the bus picks up students right inside our gated community.

Located at the intersection of Cedar and Brainard, in a serene and quiet gated community.

A neighborhood within a neighborhood. Seeing is believing!

28790 Addison Court, Pepper Pike, 44124 www.LuxePepperPike.com THE ONLY PREMIER RENTAL HOME COMMUNITY IN THE REGION! • Gated community with two entrances • Seven unique open floor plans • Full basements • Attached two car garage • First floor primary bedroom suite • Designer kitchen • In-suite laundry room • Smart Home technology • Clubhouse with furnished outdoor lounge area • Community playground • Easy access to I-271 • Coffee station in community room • Furry family members welcome (restrictions apply) • Concierge home checks for extended travel • Package delivery to your door • 24-Hr emergency maintenance • State of the art fitness facility • Proudly managed by www.burtoncarol.com

216-626-LUXE(5893) LUXEPEPPERPIKE@BURTONCAROL.COM

Our residents love having the choice of multiple two- and three-bedroom layouts, some with a den and pantry. You will just love the layout you chose, as it is one of our most popular ones. All homes feature designer kitchens with waterfall islands, a large first-floor primary bedroom with a luxury en-suite bathroom and amazing closet space. All our homes feature Smart Home technology and full basements for storage (some are finished), along with an attached two-car garage for easy living. Most townhomes have a second floor featuring lofts, additional bedrooms and bathrooms, and generous walk-in closet space. The community provides a state-ofthe-art fitness room, clubhouse, playground, package delivery direct to your door, and 24-hour emergency maintenance. Pet lovers love that their furry friends are welcomed and adored (some breed restrictions apply).

Bottom line, this community is like no other. They are homes that people can rent. It’s an alternative for those who don’t want traditional apartment living, and love the feel of a true home, and desire luxury, privacy, flexibility, with large open floor plans for individuals and families. It is truly a ONE-OF-A-KIND place to live. We can’t wait until your moving day; where renting a home here is a worry-free choice. We are so glad you took us up on our “seeing is believing” phone conversation.

Very Truly Yours, The Dedicated Team at The Luxe at Pepper Pike The Luxe at Pepper Pike 2790 Addison Court (corner of Brainard and Cedar) Pepper Pike, Ohio 44124 216-626-5893 luxepepperpike@burtoncarol.com Proudly Managed by BurtonCarol.com Content provided by advertising partner

Check out the latest videos filmed and produced by the CJN

REAL ESTATE

AUGUST 28, 2026 | CLEVELAND JEWISH NEWS | CJN.ORG 19 ADVERTORIAL

Coldwell Banker Commercial Emmco Realty Group COMMUNITY ROOTED. NATIONALLY BACKED. Commercial real estate is local by nature. Every property, neighborhood and business district has its own dynamics. But today’s clients also benefit from broader market intelligence, national resources and connections beyond Northeast Ohio.

At Coldwell Banker Commercial Emmco Realty Group, we bring both together: deep local knowledge with the strength of a national commercial real estate network.

We live and work in the communities we serve. We understand Northeast Ohio’s business corridors, municipalities, property owners, tenants and market trends because we are part of them. That local perspective helps us recognize opportunities, anticipate challenges and advise clients with a practical understanding of what works here.

At the same time, as part of the Coldwell Banker Commercial network, Emmco Realty Group has access to national resources, technology, marketing capabilities and a network of commercial real estate professionals across the country. Our existing advertising reflects that combination of Northeast Ohio expertise and the reach of

the broader CBC network.

That balance matters because commercial real estate decisions are rarely simple. Should an owner sell, refinance or hold? What improvements will make a vacant property more marketable? Is a prospective tenant the right fit? For a business looking for space, how should location, parking, visibility, operating expenses and future growth be weighed?

Our role is to help clients ask the right questions, understand their options and make informed decisions.

Coldwell Banker Commercial Emmco Realty Group provides comprehensive commercial real estate services including property sales, landlord and tenant representation, buyer representation, consulting, 1031 tax-deferred exchanges, development services, construction and property management.

Whether you are selling an investment property, leasing space, searching for a new business location or evaluating your next real estate move, we bring the perspective of a local adviser with the resources of a national organization.

Coldwell Banker Commercial Emmco Realty Group Community Rooted. Nationally Backed.

Jeffrey Soclof, CCIM President and Broker 216-292-3700 jeffrey@emmcorealtygroup.com

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COMING IN SEPTEMBER

The CJN Les Levine High School Player of the Week Are you a Jewish high school student-athlete excelling on the field or the court? Or do you know someone who is?

• • • •

The Cleveland Jewish is looking for sports standouts to be recognized during the winter and spring seasons.

Each athlete will be profiled and featured in the CJN, as well as at cjn.org and across social media platforms. Each weekly student athlete will also receive a plaque recognizing their achievement.

The recognition is open to all Jewish athletes. They can play for any local public or private school in Northeast Ohio.

Coaches, athletic directors, family or friends can nominate an athlete. To submit a nomination, visit cjn.org/playeroftheweek by noon on Sunday of each week. Include the athlete’s name, school, any statistics you have for the nomination and their contact information, as well as the coach’s contact information.

OFFICE SPACE AVAILABLE PARKVIEW BEACHWOOD OFFICE BUILDING

3681 GREEN RD | BEACHWOOD, OH 1,800 rentable Square feet Corner Office Great Views of New Highland Golf Course Small Private Offices Available Leasing Information:

Jeffrey Soclof, CCIM

President and Broker jeffrey@emmcorealtygroup.com

Sherrie Mendenhall

Investment Sales and Leasing sherrie@emmcorealtygroup.com 216.292.3700 Situated on South Green Road between Harvard Road and Chagrin Blvd. in Beachwood, OH. With three exits along I-271, Beachwood is known for its accessibility, bringing a workforce to the city’s approximately 2,500 businesses. Locate your next office at Parkview Beachwood in the heart of Beachwood’s commercial and technology cooridor.

To nominate, visit cjn.org/playeroftheweek

www.cbcworldwide.com