🏥 Suburban medical office building defies market trends with $9 million sale. The Winbury Professional & Medical Center near Chagrin Falls sold for a price that its broker claims demonstrates strong demand for high-quality suburban office space. Despite challenging conditions in the broader office market, this Class A property bucked the trend with its healthy sale price. The transaction highlights that well-performing suburban medical facilities remain attractive investments even as other commercial real estate segments struggle. The sale reinforces the resilience of premium healthcare-related properties in desirable locations.
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🎓 Hiram College faces brutal budget cuts amid enrollment challenges. The historic Ohio institution must slash $3-4 million from its budget, potentially affecting some of its 257 staff members. President Robert Bohrer II says cuts will hit "non-revenue areas" hardest, with some departments facing 25% reductions, though athletics and admissions will be largely spared. Despite meeting enrollment goals for the past three years, the college struggles with rising expenses and a structural deficit. Hiram joins numerous small private colleges nationwide grappling with financial pressures in higher education's changing landscape.
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🚽 Geauga County pours millions into critical wastewater overhaul. Commissioners approved over $3.1 million to advance the $34 million McFarland Wastewater Treatment Plant upgrade, essential for modernizing sewer infrastructure. The project, expected to be completed by July 2027, includes new headworks, oxidation ditches, and filters to meet federal discharge requirements. About $1.5 million will come from American Rescue Plan Act funds, helping accelerate the early phases of construction. Engineers and county officials will maintain close oversight throughout the complex build, which requires running both old and new systems simultaneously during transition.
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Historic farmhouse spacious opportunity: Priced at $310,000, this historic farmhouse in Parkman Township sits on nearly 6 acres with a recently updated metal roof, offering potential for multi-generational living or rental income with two separate living spaces.
Spacious Colonial retreat modern amenities: Priced at $419,900, this impeccably remodeled 4-bed Colonial offers 1.59 acres with two garages, including a heated detached workshop, plus modern updates from the open-concept main floor to a basement home theater.
Spacious farmhouse with outbuildings: This 3-bedroom, 1.5-bath property on 1.5 acres in Burton, OH is available for live auction with a suggested opening bid of $225,000. The home features an attached 2-car garage, pole barn, and flat barn.