Cleveland’s City Council authorized spending $1 million for its part to recreate Irishtown Bend. Cleveland’s Central Business District (CBD) appeared to stabilize in the second quarter after 170,000 square feet was vacated by ICI Paints, in the first quarter of 2005. Combine all these scenarios, and it will open up the urban wasteland of the Central Interchange, south of Jacobs Field, with many of acres of prime, clean land for development. CBRE's latest report, released after Sept. 30, shows a minor rise in overall office vacancy rates, though Class A space saw a slight drop in vacancies. 1. But, the report was upbeat, noting recent market activity, plus the city's aggressive efforts to attract more technology firms downtown, and the pending creation of a downtown improvement district. The Greater Circle Living program, for example, offers forgivable loans of up to $10,000 for a down payment or closing costs to employees at certain University Circle institutions, through a partnership between nonprofit groups and employers. But, I feel that the Halle building should be one of the easier buildings to rent out. Downtown Cleveland Alliance recently released the 2018 Downtown Cleveland Annual Report, a comprehensive summary of Downtown Cleveland’s development in … Although the company, which formerly went by the name First American Title Solutions, is little known, the loss is a big one for the Halle Building. Download the News 5 Cleveland app now for more stories from us, plus alerts on major news, the latest weather forecast, traffic information and much more. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. Builders in downtown Cleveland, with rare exceptions, have gravitated to rentals due to financing challenges, land and construction costs, heavy reliance on historic-preservation tax credits that limit the uses of rehabbed buildings, lingering anxiety from the housing crisis and a lack of seasoned condominium developers in the region. Free Times wouldn't dare print something positive - don't you know that good news isn't 'cool'? I hope this doesn't mean that the building will be lost! This 1.4 million-square-foot changed control six months ago in an ownership reconstitution deal that totaled $315.7 million or about $230/square foot. And, yes, it's probably going to be safer, with Dead Man's Curve eased, fewer merging lanes, and a fifth lane in each direction across the Cuyahoga Valley span. Mr. Petro said Lenders Advantage found the space it needed downtown after a six-month search that included sites outside the central city. According to real estate firm CB Richard Ellis, Inc.'s Global Markets Report, the raw numbers for the second quarter of 2005 show the Greater Cleveland area's unemployment fell from 7.1 percent to 5.4 percent.