20111121-NEWS--1-NAT-CCI-CL_-- 11/18/2011 3:21 PM Page 1 $2.00/NOVEMBER 21 - 27, 2011 With skills Lending is in demand, back for area trade big-ticket schools rise property PowerSport Institute, tech college eye growth But preference goes to newer commercial By DAN SHINGLER
[email protected] sites with low vacancy With a lot of people looking to By STAN BULLARD switch careers or pursue an educa-
[email protected] tion in something more pragmatic and potentially profitable than, say, Commercial real estate lending in literary history, the Cleveland-based Northeast Ohio has begun its journey Ohio Technical College and its Power- down the comeback trail, though Sport Institute in North Randall have obstacles remain for developers and had little trouble finding new students property buyers that are keeping the during the economic slump. path to loans from being as smooth As a result, the trade schools as it was prior to the 2008 financial have continued to grow, said Marc crisis. Brenner, the owner of both. Now Mr. Two recent deals are illustrative of Brenner might develop a campus in recovery — at least in the Class A, or Cleveland or take over more space high, end of the commercial market. in long-suffering Randall Park Mall, In our first Forty Under 40 choosing which folks to include.” First Interstate Properties Ltd., where the PowerSport Institute section — published Oct. 28, It’s a challenge we’ve faced for through an affiliate, secured a $5 already is the largest tenant. 1991 — Crain’s editor Mark 20 years, picking from a bevy of million mortgage Oct.