The Coyne Report - May 8, 2026 ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­    ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­  
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Featured Coyne Listing
2900 Detroit Ave. | Cleveland

2nd Floor Office Condo For Sale | Cleveland

2900 Detroit Ave., in the heart of Ohio City's Market District

3,667 SF Suite | Owner-User Opportunity Available Now

5,316 SF Suite Immediate Rental Income

8 Gated, Reserved Parking Spaces

Private Roof Deck With Lake & City Views

High Profile Signage Opportunity Along Route 2

Learn More About 2900 Detroit Ave.
This Week's Top Sales
The Pointe at Polaris I & II | Columbus

Office & Retail Portfolio Sale | Columbus

$60,200,000 ($116.39/SF)

517,220 SF

8890 Lyra Dr.

$34,900,000 ($128.52/SF)

271,562 SF

Seller: The Pointe at Polaris Phase II LLC | Buyer: DFW Land Real Estate

8922-8958 Lyra Dr.

$25,300,000 ($102.99/SF)

245,658 SF

Seller: The Pointe at Polaris Phase I LLC | Buyer: DFW Land Real Estate

0 State Route OH-752

Land Sale | Ashville

0 State Route OH-752

$14,657,850 ($75,026/AC)

195.37 AC

Seller: Norman C. Dresbach | Buyer: EdgeConneX MCN Ashville Properties 1 LLC

851 W. Alexis Rd. | Toledo

Retail Sale | Toledo

851 W. Alexis Rd.

$10,810,000 ($134.63/SF)

80,292 SF

Seller: Midland Agency of Northwest Ohio, Inc., Trustee | Buyer: Deborah Ann Mammen, Trustee of the Deborah Mammen Holding Trust

20001 Center Ridge Rd. | Rocky River

Retail Sale | Rocky River

20001 Center Ridge Rd.

$9,000,000 ($95.44/SF)

94,298 SF

Seller: Rockport Associates Company, Ltd. | Buyer: 19901 Center Ridge Road LLC

421-425 Home St. | Georgetown

Hospital Sale | Georgetown

421-425 Home St.

$8,000,000 ($85.70/SF)

93,347 SF

Seller: Georgetown MHP LLC | Buyer: Everwell Propco GT LLC

1550 Cascade Dr. | Marion

Industrial Sale | Marion

1550 Cascade Dr.

$8,000,000 ($39.05/SF)

204,848 SF

Seller: GP3 LLC | Buyer: Sika Corporation

445 McCormick Blvd. | Columbus

Industrial Sale | Columbus

445 McCormick Blvd.

$6,350,000 ($59.04/SF)

107,550 SF

$4,233,333

Seller: The Hungtington National Bank, Trustee | William E. Benua Trust (2/3 Interest) | Buyer: CAP Real Estate Investments, LLC

$2,116,667

Seller: Rutherford Heirs LLC (1/3 Interest) | Buyer: CAP Real Estate Investments, LLC

1127 W. Main St. | Kent

Retail Sale | Kent

1127 W. Main St.

$6,000,000 ($231.59/SF)

25,908 SF

Seller: KMPH Real Estate LLC | Buyer: KGM Real Estate Kent LLC

800 Superior Ave.

Office Sale | Cleveland

800 Superior Ave.

$4,000,000 ($8.40/SF)

475,921 SF

Seller: 800 Superior LLC | Buyer: Superior & East 9th LLC (James Kassouf)

Learn More

535 Enterprise Dr. | Lewis Center

Industrial Sale | Lewis Center

535 Enterprise Dr.

$4,000,000 ($106.95/SF)

37,400 SF

Seller: Star Charge Americas Holding Corp. | Buyer: Trifecta Property Group LLC

Top Executed Leases Header
9296 Intermodal Ct. | Columbus

Industrial Lease | Columbus

9296 Intermodal Court

304,560 SF

Lease Rep Company: CBRE

504 Walnut St. SE.

Industrial Lease | Niles

504 Walnut St. SE.

186,450 SF

Lease Rep Company: Edward J. Lewis, Inc.

299 Gest St. | Cincinnati

Industrial Lease | Cincinnati

299 Gest St.

59,940 SF

Lease Rep Company: SQFT Commercial

8160 Old Troy Pike | Huber Heights

Retail Lease | Huber Heights

8160 Old Troy Pike

33,373 SF

Lease Rep & Landlord Company: PMAT Acquisition, LLC

Top New Sale & Lease Listings
Tyler Blvd. | Mentor

Proposed Spec Industrial for Lease | Mentor

Tyler Blvd.

Lease Rate: $8.50/NNN Warehouse | $16.50/NNN Office

+/- 266,000 SF Available

Lease Contact: Terry Coyne of Newmark

Learn More

The Bearcat Portfolio | Cincinnati

Multi-Family & Retail Portfolio for Sale | Cincinnati

$8,600,000 ($191,111/Unit | $2,193.88/SF Retail)

Cap Rate: 7.28%

45 Units | 3,920 SF Retail

Sale Contact: Joel Dumes of Franklin Street

1125 Strategic Pkwy. | Springdale

Industrial for Lease | Springdale

1125 Strategic Pkwy.

Lease Rate: $7.95/NNN

61,800 SF Available

Lease Contact: David Kelly of Cushman & Wakefield

600 Lakeview Plaza Blvd. | Worthington

Office for Sale | Worthington

600 Lakeview Plaza Blvd.

$5,950,000 ($118.01/SF)

Cap Rate: 7.00%

50,418 SF

Sale Contact: Bradford Kitchen of Alterra Real Estate Advisors

230 Industrial Dr. | Franklin

Industrial for Sale | Franklin

230 Industrial Dr.

$5,700,000 ($63.61/SF)

89,612 SF

Sale Contact: Dave Tobeson of Apex Commercial Group, LLC

Lewisburg Western Rd. | Lewisburg

Land for Sale | Lewisburg

Lewisburg Western Rd.

$5,213,070 ($44,998/AC)

115.85 AC

Sale Contact: Jon Murray of Howard Hanna Real Estate Services

7395 Mason Montgomery Rd. | Mason

Office for Sale | Mason

7395 Mason Montgomery Rd.

$4,950,000 ($243.55/SF)

20,324 SF

Sale Contact: Nat Comisar of Sibcy Cline Realtors

W. 7th & Budd St. | Cincinnati

Land for Sale | Cincinnati

W. 7th & Budd St.

$4,500,000 ($882,353/AC)

5.1 AC

Sale Contact: Jeffrey Bender of Cushman & Wakefield

305 S. Pioneer Blvd. | Springboro

Industrial for Sublease | Springboro

305 S. Pioneer Blvd.

Sublease Rate: $6.00/TBD

55,000 SF Available

Sublease Contact: Kellee Collins of Star Cartage Company

7401 First Place | Oakwood Village

Industrial for Sale | Oakwood Village

7401 First Place

$4,250,000 ($112.24/SF)

37,864 SF

Sale Contact: Michael Occhionero of Hanna Commerical Real Estate

3100 Easton Square Place | Columbus

Office for Lease | Columbus

3100 Easton Square Place

35,000 SF Available

Lease Contact: Collin Wheeler of CBRE

4639 Van Epps Rd. | Brooklyn Heights

Industrial for Lease | Brooklyn Heights

4639 Van Epps Rd.

Lease Rate: $6.50/NNN

51,825 SF Available

Lease Contact: George Stevens of CBRE

23330 Commerce Park | Beachwood

Office for Lease | Beachwood

23330 Commerce Park

Lease Rate: $115.20/NNN

25,000 SF Available

Lease Contact: Jenny Chin of Howard Hanna Real Estate Services

1431 Wilmington Ave. | Dayton

Multi-Family for Sale | Dayton

1431 Wilmington Ave.

$6,950,000 ($72,396/Unit)

96 Units

Sale Contact: Mark Fornes of Mark Fornes Realty, Inc.

1720 N. Main St. | Orrville

Hotel for Sale | Orrville

1720 N. Main St.

$4,400,000 ($81,481/Room)

54 Rooms

Sale Contact: Bruce Holmes of HotelBrokerOne

1631 Jackson Lane | Middletown

Multi-Family for Sale | Middletown

1631 Jackson Lane

$3,750,000 ($78,125/Unit)

Cap Rate: 7.27%

48 Units

Sale Contact: Ryan Riddell of Keller Williams Community Partners

Industry News & Insights

CLEVELAND

  • Hub 27 boosts affordable housing construction on Near West Side 
  • Meijer to open May 6 at Geauga Lake (and everything else happening at the old amusement park!) 
  • Avon Lake holds marathon council meeting, public hearing on rezoning former power plant land 
  • Over 3K Cuyahoga County properties up for tax lien sale. Is yours on the list? 
  • Browns stadium funding: Gov. DeWine reveals Plan B amid court battle over unclaimed funds 
  • From DeWine's 'plan B' to Cleveland's Super Bowl dreams: What we learned at the Browns' stadium groundbreaking 
  • Browns can host a Super Bowl in the new stadium if hotel rooms increase, and the NFL Draft will return here soon, Roger Goodell says 
  • Communities should have a voice in siting data centers and related power or nuke plants: editorial 
  • New construction, renovations foster Superior walkability 
  • Twinsburg approves one-year data center moratorium 
  • Could Cleveland Metroparks Zoo get a themed hotel? 
  • Clinic’s big new lab on Opportunity Corridor 
  • New housing for Central neighborhood 
  • City green-lining investment in East Side 
  • Analysis: Cleveland engages a new lakefront planning team to see what’s possible after Browns leave 
  • Mayor Justin Bibb unveils East Side TIF plan that could redirect up to $182 million to spur development 
  • South Euclid, seeing rare opportunity, jumps into bidding for Notre Dame College campus 
  • Cleveland Celebrates Small Business Month with New Steelyard TIF Grant Awards and Reopening of Storefront Renovation Program 
  • Cosm Cleveland experiential entertainment venue nub fan-community 
  • $1.6B data center planned in Cleveland 
  • More than tortillas are rising on W. 65th 
  • Terminal Tower owner acquires historic Rockefeller Building in downtown Cleveland 
  • O’Malley calls county’s $77M Justice Center tally ‘absurd’ amid push for more investment 
  • CoStar Cleveland 1Q26 Top Retail Leasing Deals 
  • CoStar Cleveland 1Q26 Top Office Leasing Deals 
  • CoStar Cleveland 1Q26 Top Industrial Leasing Deals 
  • CoStar Cleveland 1Q26 Top Sales Deals 

COLUMBUS

  • Columbus Industrial Market Accelerates Amid Mega-Projects, Strategic Growth (by Derek Lichtfuss, Newmark) 
  • Saxum scoops up big Mars Petcare complex in Columbus 
  • New Albany shows data centers can make us efficient, healthier, smarter | Opinion 
  • Ohio data center ban advocates are trying to get 413,000 signatures by July 1 
  • Columbus approves final $2 million for Gravity’s third phase in Franklinton 
  • Data center in Columbus, Ohio, sold to occupier 
  • DFW LAND Buys Columbus Mixed-Use Development 
  • Newmark Arranges Sale of Office, Retail Components at The Pointe at Polaris in Columbus 
  • Ohio will 'flip table over' on its future if we ban data centers | Opinion 
  • Data center growth raises questions about water use in central Ohio 
  • AEP raises capital plan to $78 billion as data center power demand skyrockets  
  • Retail CMBS financing has rare 10-year term 
  • Columbus explores recycling water for data centers 
  • CoStar Columbus 1Q26 Top Retail Leasing Deals 
  • CoStar Columbus 1Q26 Top Office Leasing Deals 
  • CoStar Columbus 1Q26 Top Industrial Leasing Deals 
  • CoStar Columbus 1Q26 Top Sales Deals 

TOLEDO

  • Historic 160-year-old Toledo Yacht Club property set for sheriff's sale in June 

NEWMARK

  • Midwest Quarterly Snapshot - 1Q26 
  • Newmark raises 2026 outlook to $3.775B-$3.875B in revenue and $1.87-$1.98 in adjusted EPS backed by a strong pipeline 
  • Newmark Posts 27% Revenue Growth Driven By More Office Leasing 
  • Newmark’s Industrial Durability Index Measures Performance Amid Instability 
  • Newmark Capital Markets Head Chad Lavender Says CRE Debt Markets 'Almost Insatiable' 
  • Newmark Arranges Sale and Acquisition Financing of 1.38-Million-Square-Foot Shallow Bay Logistics Portfolio 

GENERAL

  • Fed Holds Rates Steady as Dissents Highlight Policy Divide 
  • Steady Rates, Murky Outlook: CRE Reacts To Fed's Vote To Stay On Hold 
  • Office Vacancy Rate Expected To Stand Still Despite Waning Supply 
  • Real Assets Stay in the Fundraising Flow 
  • U.S. Construction Costs Remain Elevated as Spending Slows in H2 2025 
  • Chili's preps ingredients for US store expansion 
  • US apartment rent growth stays positive despite restrained spring leasing 
  • Tech giants defend AI spending, shell out billions more 
  • Store Expansion Puts Starbucks Back in Growth Mode for 2026 
  • Small-Bay Industrial Is Hot but the Easy Money Is Gone 
  • Office Sale Prices Surge, Volume Hold Steady 
  • Yardi Executive Summit Special Report: The State of CRE 
  • CoStar: Industrial Vacancy Will Peak in Early 2027 
  • Multifamily Rent Growth Posts Its Weakest April Since 2014 
  • Nationwide CRE New Construction Permits Fell 16% in Q1 2026 
  • Data Centers Spending Reaches a Record $680B in 2026 
  • Office Distress Dominates Largest U.S. CMBS Markets in April 2026 
  • Why Life Insurers Are More Active Yet Selective Lenders 
  • Smoked out: Popular barbecue chain abruptly shuts down all locations nationwide 
  • In the PR battle for AI data centers, tech giants got a blue-collar ally 
  • From customer to competitor: Amazon expands third-party logistics business 
  • Hotel execs have partly sunny outlook for summer in the US 
  • Super Regional CRE Pricing Stays Tight While Risks Mount 
  • Amazon Supply Chain Launch Targets 3PL Market 
  • CRE Momentum Slows Amid Rate Volatility 
  • REITs Index Rallies 9% in April 
  • CMBS Delinquency Rates Edge Down 
  • Opportunity Zones Grow From 'Teenager To Adulthood,' But Are Still In The Awkward Phase 
  • Fitch Group to Acquire Trepp 
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