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Is Amazon expanding in Northeast Ohio ?

A clue in documents filed with the city of Cleveland has fuelled speculation that online retail giant Amazon will expand its Northeast Ohio footprint by building a new facility within the city limits. The clue came in filings for a commercial permit the architectural firm Richard Bowen + Associates entered June 4 with the Cleveland Planning Commission for a new building on Heidtman Parkway, off Interstate 77 in the city’s Industrial Valley near the ArcelorMittal steel mill. Located in the margins of one of the documents is the word “Amazon,” which appears to be part of the name of a computer file. However, the documents give no other clues as to who will occupy the new 112,000-sqare-foot building. Filings only refer to it as a “distribution centre.” A spokesman for the Seattle-based company said in an email that “we have a longstanding practice of not commenting on rumours or speculation.” Bowen’s marketing director did not respond to a request for comment. City Councilman Tony Brancatelli, whose ward includes the site in question, said Bowen contacted him to inquire about the sites but that they did not tell him what company was interested in its use. However, “there’s not too many 40-acre sites in Cleveland, that’s for sure,” Brancatelli said. The plans Bowen submitted to the city include parking for more than 200 associates, a sign that the owner of the site could employ hundreds of residents. It also includes for more than 5,500 vans and to unload eight truck trailers. The land is part of the Cuyahoga Valley Industrial Center and is owned by the Greater Cleveland Community Improvement Corp., a nonprofit that creates public-private partnerships for land development in the city. Allegro Real Estate Brokers & Advisors has marketed the property for the nonprofit. Its managing director did not immediately respond to a voicemail. Amazon company has expanded its footprint in Northeast Ohio in recent years, opening up fulfilment and sorting facilities in Euclid and North Randall. The company also announced plans in July to build a new facility in Akron, on the former Rolling Acres mall site. Amazon announces Amazon Small Business Academy Amazon Small Business Academy to help thousands of entrepreneurs gain digital strategy and brand building skills to make their ambitions reality, through free in-person seminar events and live webinars, as well as community college classes across the country The Amazon Small Business Academy program also includes a grant to the National Association for Community College Entrepreneurship (NACCE) to help fund curriculum development and instruction of digital business courses in community college classrooms around the country. The classes will cover the fundamentals of online business strategies, marketing, merchandising, inventory management, and more. The curriculum will provide sixteen hours of beginner, intermediate and advanced content, created in collaboration with NACCE and the program’s lead schools: Lorain County Community College in Elyria near Cleveland, Ohio. Classes will begin in February 2020 at the lead schools, as well as Bunker Hill Community College in Boston, Mass.; State Center Community College District in partnership with Fresno City College, in Fresno, Calif.; Houston Community College in Houston, Texas; and Red Rocks Community College in Lakewood. Amazon to open 3 new delivery stations in Cleveland, Glenwillow, Bedford Heights CLEVELAND — Your orders from Amazon might soon reach your doorstep a little quicker after Amazon Logistics announced it will be opening three new delivery stations in the Cleveland-area. The new stations—which will be located in Cleveland, Glenwillow and Bedford Heights—will power the company’s last-mile delivery capabilities in the area, speeding up deliveries for Cleveland-area customers. In addition to quicker deliveries, the new stations are expected to create hundreds of full-time and part-time jobs. Amazon pays a minimum of $15 per hour and offers benefit packages to employees starting on their first day, including health, vision, dental, 401(k), and paid parental leave. “The investment that Amazon is making in the City of Cleveland speaks to our growing appeal to industry of all types and businesses of all sizes,” said Mayor Frank G. Jackson. “The new jobs to be created by these new stations are a welcome investment in our local economy.” The delivery stations will be located at the following addresses: 43500 Victory Parkway, Glenwillow, OH 44139 24800 Miles Road, Bedford Heights, OH 44146 10801 Madison AVE, Cleveland, OH 44102 Amazon expects the three new delivery stations to open this year ( 2020 ) With the continuing investment from large global companies like Amazon in the Cleveland district it is no wonder Cleveland Ohio is one of the top places to invest in USA property for 2020 & 2021 If you have any interest please contact Global Investments by email today at : invest@globalinvestmentsincorporated.

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Saint Louis housing market is rocketing despite a pandemic.

Saint Louis is getting more and more attention recently from Overseas investors, it is not surprising really as Missouri is one of the cheapest states in which to buy a house. According to a recent study by financial technology company SmartAsset who analyzed data for all 50 states and D.C. on metrics including median listing price and average closing costs Missouri came tops for value for money.The St. Louis real estate housing market did experience many of the same setbacks onset by the COVID-19 pandemic as the rest of the US but real estate in St.Louis was very strong heading into 2020 before the pandemic arrived. It is now predicted that the St.Louis real estate market will come out even stronger once everyone has weathered this storm. Compared to single-family home sales for the same months in 2019, Metro East home sales in 2020 were down only by single-digit percentages — 3% from March 2019 to March 2020 and 6% from April 2019 to April 2020. This is due to relatively strong unemployment numbers, historically low interest rates, and high demand for the St.Louis real estate, we may see St.Louis at the forefront of a national recovery. Overseas investors are now realising that if they position themselves well now, they could benefit in the long term when demand increases further and prices start to rise.If we look at the Saint Louis housing market today we can see that the median home value stands at $131,350. The last 12 month appreciation rate for Saint Louis was 3.8% and taking into consideration a global pandemic it shows how strong the St.Louis housing market actually is. We also see that the rental market is still very strong, the median rent price stands at $1,100 with a Price-To-Rent Ratio of 9.95, one of the best in the US.Building a rental property portfolio today makes more sense given the current market conditions in Saint Louis, the trends are in favour of the Overseas Investor, interest rates on traditional loans are historically low, strong cashflow from high rental demand and the strong price-to-rent ratio suggests home prices will further increase rental demand.The Coronavirus has added to the low level of available inventory in Saint Louis and even those who are willing to buy are struggling to find the right property, therefore those who can not buy are forced to rent, investors are in line to benefit from even higher occupancy rates in the future. Some parts of the Metro East real estate market are so tight that homes go under contract in a matter of hours.Fox News recently ran an article which summarises the Saint Louis market very well, they said the market is experiencing the “slingshot effect”  They said the market slightly paused during the COVID shutdown and now it has rebounded at record levels. Real estate expert Kathy Helbig, Experience Realty Partners, says buyers are hitting the market in droves. Interest rates dropped during the shutdown and now they can afford to spend more on a house and they want to.Global Investments are also experiencing the same low levels of inventory in St.Louis, all of our properties are normally sold within hours of been listed on our website but be assured we are doing our best to bring you the best priced properties when they do become available.If you want to be added our mailing to see the properties before they are listed please email invest@globalinvestments.com

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Demand and prices surge in Cleveland for turnkey investments

Cleveland Ohio is located on the southern shore of Lake Erie, about 60 miles west of the Pennsylvania border. Downtown Cleveland has experienced a renaissance over the past 5-10 years with an estimated 25 Billion in development completed or planned since 2010. Occupancy rates are at an astonishing 98% and home sales are up 12% year after year making this market a dream for the overseas or domestic investor. Great house prices and fantastic cash on cash returns with a huge potential for growth given the huge investment getting pumped into the city via companies like Amazon, Ford and individual investment from the likes of Dan Gilbert who helped rebuild Detroit. The big question now is how long can prices availability and returns like this last ? Unfortunately for potential or current investors looking at investing in Cleveland it looks like the clock is ticking. Prices are on the rise and the supply of these types of turnkey homes is down and finding good tenanted or renovated properties in good neighbourhoods is getting tougher. As a company Global Investments Incorporated have been selling in Cleveland for the past 3 years and have sold over 1000 houses in the city. Good Single Family tenanted properties have been sold in and around the 35-45k mark and for a good Duplex an investor would look to pay around the 50-55k mark. Due to huge Demand and a lack of supply the prices are slowly creeping up. “ We have been expecting this for some time now. Very similar to what happened in Detroit 3-4 years ago. Cleveland is still an incredible opportunity for both the overseas and the domestic buyer but any client looking at getting involved needs to look at higher prices for these types of houses. The prices cant stay the same with such demand, lack of supply and huge investment into the city. These price increases were inevitable. I still think as a company we have another 12 months in the city before prices get too high. I think for a good, well located single family home any client should be looking at spending around $45k to $55k and for a well located Duplex they will need to look at between $60k and $80k. “ Mike Moodie CEO Global Investments Incorporated Although prices are on the rise Cleveland Ohio still offers an incredible opportunity for any cash buyer to get well priced tenanted houses with great cash on cash returns and good appreciation over the coming 5-10 years. If you would like more information on our Cleveland Ohio Investments or have any general questions on the US market place and what opportunities are available please contact any of the team at Global at invest@globalinvestmentsincorporated.com

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