| |
cleveland: The Dark Angel of Akron drops some more Demonic News ~ #1-Chrysler plans to close dealerships #2-Forest City Enterprises reveals big job cuts #3-Shiloh Industries eliminating 111 jobs - 05/15/09 11:26 AM
#1-Chrysler plans to close 14 dealerships in Cleveland-Akron market
Northeast Ohio stands to lose 14 Chrysler dealerships from Elyria to Wadsworth, according to a U.S. Bankruptcy Court filing this morning by Chrysler LLC.
Dealerships targeted for closing include five Spitzer dealerships in Akron, Lakewood, Mayfield Heights, Parma and Sheffield Lake; three Ganley dealerships in Cleveland, Middleburg Heights and Wickliffe; and two Axelrod dealerships — Axelrod Chrysler in Parma and Axelrod-Chrysler-Dodge-Jeep Inc. in Wadsworth.
Also on the closing list are Abraham-Chrysler-Jeep in Elyria, Crestmont Chrysler Jeep in Beachwood, Great Northern Dodge in North Olmsted and Medina World Cars in Medina.
As the … (1 comments)
|
cleveland: 45-Units ** Cuyahoga Falls, OH ** Highly Desired Location - 10/30/08 08:21 PM
Price: $2,170,000 Status: Active Agent: Sean Dreznin Email: sean@pappasrealtyco.com Phone: 330-762-0535 Ex# 16
Contact Mike Pappas or Sean Dreznin for detailed data or to discuss. 45 Apartment Units: - 15 - 1 Bedroom Apts - 30 - 2 Bedroom Apts Utilities Tenant Pays - Electric (Separate Metered) Owner Pays - Sewer & Water (Hot) - House Electric - Gas Pro Forma Projected Gross Income.......................$304,500 Vacancy @ 7%..................................$21,000 Expenses @ 50.6%.............................$143,000 Projected NOI................................$140,500 Projected Return...................6.5% Average Per Mo/Per Unit..................$558 *Detailed Pro Forma Upon Request *Upside Potential, Great Rental History
COMMENTS: -Confidential Offering - Do Not Disturb Tenants -Built 1966 … (1 comments)
|
cleveland: REDUCED ** 102-Units ** Copley, Ohio ** $34,800 P/Unit - 10/30/08 08:03 PM
2113 Copley RoadApartments For Sale, OH 44321
Map Location Get Directions
Price: $3,550,000 Status: Active Agent: Sean Dreznin Email: sean@pappasrealtyco.com Phone: 330-762-0535 Ex# 16 Built in 1966, this complex has seen many updates including; Pitched Steel roofs * 30 Garages built in 1997 * Heat changed to electric baseboard heat, whic the tenants pay. * Many interior and exterior/landscaping updates and additions have been completed in the recent past. Projected Gross Income - $595,000 ** Located on the East side of Copley Road, West of White Pond Dr. Contact Sean Dreznin for more information or to schedule a showing. … (0 comments)
|
cleveland: Apartments lose their immunity to the Housing Crisis' Viruses. - 10/26/08 08:43 AM
Job losses and rent declines stagger the market ~
For the past year, apartment buildings have been one of the few bright spots in the real-estate industry as people forced out of the home-buying market by foreclosures or the credit crunch have turned to renting.
But now the specter of job losses is beginning to spread the gloom into that sector as well. As would-be renters are doubling up in apartments or moving in with friends and families, rents and occupancy rates are beginning to fall in many cities.
In some of our complexes we have hesitated in … (6 comments)
|
cleveland: Dispersing the blow from the economy - 10/24/08 07:36 PM
As the waves of retribution resonate through our industry and other similar industries, the ramifications are loud and easily felt...
I have seen a handful of Commercial Real Estate Agents go elsewhere to other industries to seek salaried positions.
On the other hand, I have also witnessed numerous financial carnage, as layoffs, shutdowns, bankruptcies and fraud have shaken those employers to the ground... Mortgage brokers, lenders, appraisers, construction, home builders, pest control, landscaping, etc...
I hope the comments have some silver linings my follow up will hopefully have a positive tinge as well.
… (3 comments)
|
cleveland: PNC Bank to buy National City - 10/24/08 06:15 PM
I spoke with 2 employees of National City Bank today and they both were confident that the future looks solid and stable now and also said they were spending most of the day reassuring clients that were a little paranoid.
I certainly wish them the best and hope they continue with their employment in light of the anouncement that NCC is laying off 4,000 workers. I would assume some cutback in addition to the employee layoff such as renegotiation of office space and reduction of branches.
The silver lining on this purchase for PNC is that they are the perfect suitor … (6 comments)
|
|
|
|
|
|
Sean Dreznin, Commercial Investment Real Estate Agent
Sarasota,
FL
More about me…
NAI Manasota
Address: 1718 Main St, Sarasota, fl, 34239
Office Phone: (330) 741-9667
Email Me
 Links
Archives
|
;)
;)
