Dan Shingler

The company, which makes equipment for the electrification of data centers, utility distribution systems, and other projects that entail large amounts of power, hired 225 people in Solon last year alone.

Not even Chicago has pulled as much office space off the market to be used as residences as Cleveland, which isn't done yet.

The buildings, at 55-75 Erieview Plaza include The Fives office complex and were sent to auction by Cuyahoga County Common Pleas court in late June, which still has to approve the sale.

Newmark’s latest report shows the sector ended August with a vacancy rate of 25.2%, which the firm says is an all-time high for the city's core.

More than 4 in 10 firms in the region report receiving business from the boom in data center construction.

A squeeze brought on by the pandemic has sent several major buildings to foreclosure and auction and more are expected to head to the block when their owners have to refinance them.

The sale was between two third-party owners and will not affect operations at the site, the buyer's broker reports.

Proponents of the amendments say they are needed and that they've got the ground game needed to get them passed, while business groups opposed to them sound less sure of success.

Investors led by New Jersey-based Carlos Zapata have nearly filled the site, formerly a White Motors truck factory, with smaller local companies that are using it as warehouse and industrial space.

Diamond Properties followed up its September acquisition of a site in Brunswick with an even larger purchase of a nearly fully occupied site near State Route 14 in Portage County.