With new retailers filling up Rossford’s former Giant Eagle building and construction taking place in Perrysburg Township’s French Quarter Square, U.S. 20 has become a hub of economic development for the region. “The Route 20 corridor is about as hot as any corridor in the greater Toledo area,” said Doug Flick, director of real estate [...]
NORTH RIDGEVILLE — Goodwill plans to leave its location on Center Ridge Road and move a half-mile down the street into a portion of the much-larger building that formerly housed Pat Catan’s craft store. The nonprofit secondhand chain is hoping to open the new store in October, Craig Grugel, president and CEO of Goodwill Industries [...]
Resources available to help you navigate this crisis In this unprecedented time, our motto stays the same, "our tenants' success is our success." Eidi Properties is committed to finding and providing resources and opportunities to help you navigate this crisis, stay connected with your customers and your community, and arrive ready to thrive on the [...]
When, in 2008, Eidi Properties purchased land in the Lebanese village where our founder and late father was born, we wanted to build a medical facility not only in his honor but a place that would help the underserved. We never imagined how much The Mehdi “Danny” Eidi Center in the Bekka Valley region would [...]
Last week the United States’ Congress passed a $2.2 trillion dollar stimulus bill in response to the economic fallout of the COVID-19 global pandemic, which has ground the economy to a halt. In the last two weeks ten million people have filed for unemployment. Businesses have shuttered. However, there are areas of society that are [...]
Although the federal government’s approach is understandable, we feel it is missing a prime opportunity to utilize the infrastructure that already exists. The idea floated by the White House is a stimulus package where the federal government sends out hundreds of billions of dollars, which is fine, but not optimal. What would be better?.... Businesses [...]
Research consistently shows that the act of giving is its own reward. A study in 2007, for example, found that donating to charities spikes "neural activity in areas linked to reward processing," and that if the gift is given voluntarily, then the neural activity increases even more, producing a feel-good state for the body called [...]
Commercial real estate is booming and for a few different, but encouraging, reasons. Current demand for space is outpacing its availability. Just over the first quarter of 2019 vacancies across the US shrunk by 20 basis points. This is causing two developments. First, the current space available has higher value. Second, developers are [...]
A stitch in time saves nine or, an ounce of prevention is worth a pound of cure. These old cliches point out the value of preventative maintenance as opposed to dealing with a full-blown problem. Such issues are often experienced with commercial real estate. A leaky faucet can be fixed with a fifty cent washer, [...]
In commercial real estate, a critical element to the success of an investment is the lease agreement. The landlord must charge enough through the lease to be viable, but not charge so much that the expenses are onerous and reduce the profitability and stability of the tenants. There are many ways to manage this dynamic, [...]
