Port Authority OKs financing package for Cleveland's Flats East Bank neighborhood - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Port Authority OKs financing package for Cleveland's Flats East Bank neighborhood - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

With the help of large amounts of equity from members of the Wolstein family, the financing for the $275 million Flats East Bank development is set to close by the end of the year.

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Cleveland Headquarters: American Greetings narrows headquarters search to 7 sites in Ohio, Illinois

BROOKLYN, Ohio -- American Greetings Corp. is considering seven sites for its corporate headquarters and hopes to make a decision by the end of its fiscal year, in February 2011.

Northeast Ohio's top workplaces leave people happy to come to work

This website is The Plain Dealer's first attempt to identify the top places to work in Northeast Ohio, based strictly on the opinions of employees. It doesn't rank companies based on size or revenue or stock price or any other cold, institutional measure. It's based only on what employees think about the places they spend most of their lives.

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WESTLAKE OHIO - TravelCenters of America swings to a profit on higher fuel margins

WESTLAKE, Ohio -- TravelCenters of America LLC, an operator of truck stops and travel centers, turned a profit of $4.5 million during the third quarter, thanks in part to higher gross fuel margins.
The company, based in Westlake, reported profits of 26 cents per share, compared to a loss of $12.2 million, or 73 cents per share, a year before. It was the second consecutive quarter of gains for TravelCenters, which was hurt during the recession by a trucking slowdown, volatile fuel commodity prices and cutbacks in consumer spending on non-fuel items.

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Commercial News Cleveland medical mart/convention center project - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

MMPI Inc. names project manager for Cleveland medical mart/convention center project - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

MMPI said Mr. Williams, a Cleveland native, will be responsible for managing construction schedules and budgets, reviewing submittals, and handling general coordination with contractors and engineers.

Park-Ohio Holdings Corp. posts third-quarter profit vs. year-earlier loss - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Park-Ohio Holdings Corp. posts third-quarter profit vs. year-earlier loss - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

The diversified manufacturing and logistics company said its net income in the quarter totaled $6.2 million, or 52 cents per diluted share. That profit included an asset impairment charge of $3.5 million and a gain on the acquisition of a business of $2.2 million.

Museum of Contemporary Art Cleveland trustees to vote on new, $26.7 million home - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Museum of Contemporary Art Cleveland trustees to vote on new, $26.7 million home - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Trustees of the Museum of Contemporary Art Cleveland are scheduled to vote tomorrow morning on whether to authorize construction of a 34,000-square-foot building at the intersection of Euclid Avenue and Mayfield Road.

Market Insight

Leasing market conditions improved in the third quarter at a pace ranging from barely detectable to brisk. The apartment market fit the latter description as the vacancy rate fell to 7.1 percent from 7.8 percent in the second quarter, one of the sharpest drops on record according to data-provider Reis. The office, industrial and retail markets all recorded a very modest drop of 10 basis points in their third-quarter vacancy rates. Asking rental rates typically lag vacancy, and at this early stage of the recovery cycle, landlords have little pricing power with the exception of some apartments and selected high-quality office and retail properties in primary markets.
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