Pappas Realty Co... "Commercial Real Estate...Exclusively" in Northeast Ohio since 1957

Friday, April 28, 2006


This analysis provides an introduction to the “Section 8” Housing Choice Voucher Program, covering the following key questions:

What is the housing voucher program? Created in the 1970s, the Section 8 housing voucher program has grown into the dominant form of federal housing assistance. Low-income families use vouchers to help pay for housing that they find in the private market. The program is federally funded, but vouchers are distributed by a network of 2,600 state, regional, and local housing agencies.

AKRON -- The future of fuel is on it's way to Northeast Ohio

Rita Andolsen
Created: 4/27/2006 5:42:01 PM
Updated:4/27/2006 8:19:24 PM

Thursday, April 27, 2006

Doors Close for Real Estate Speculators

After Pushing Up Prices, Investors Are Left Holding Too Many Homes
By Kirstin DowneyWashington Post Staff WriterSaturday, April 22, 2006; Page A01

Tuesday, April 25, 2006

Highland Towers deal closes at $2.4 million

Highland Towers deal closes at $2.4 million

New manager plans to redo lobby, halls, reduce vacancy rate
By Betty Lin-Fisher
Beacon Journal business writer

The Highland Towers has a new owner.
The nine-story, 94-unit apartment building at 900 W. Market St. in the Highland Square area of Akron has been sold to developer Thomas J. Dillon for $2.4 million.
Frances Dillon Kline, general manager of Executive Properties and Dillon's daughter, will manage the property. Dillon is president of the company, which owns five other apartment complexes in the Akron area.

The Highland Towers is the first building Dillon has purchased rather than built, Kline said.
``It's a very well-built building, and it has a lot of potential,'' Kline said. ``I love this area (Highland Square).''

Among Kline's immediate plans are to get the building's relatively high 25 percent vacancy rate down.
Kline said she's not sure why the rate is so high but said the rental market seems to be good at the company's other buildings.

She plans to redecorate the building's lobby and hallways.
``I'm trying to pick some colors and things that go with what I consider Highland Square -- hip, but not too far out,'' she said.

Dillon purchased the building from a group of local investors, called 900 W. Market Associates, headed by Tom Merryweather, said Pete Pappas, chief executive officer of Pappas Realty of Akron, which handled the sale.
The deal closed Friday.

In 2004, the Akron Metropolitan Housing Authority expressed some interest in purchasing the apartments for senior housing, but that deal did not go through, Pappas said.
AMHA Executive Director Tony O'Leary was unavailable for comment.

Thursday, April 20, 2006

Hundreds of jobs expected by June ** International firm comes calling on Akron

Teleperformance sets up call center in East Market Street building for Cox Communications account
By Betty Lin-Fisher
Beacon Journal business writer

Wednesday, April 19, 2006

Akron Ohio Real Estate Statistics & Demographics

Thursday, April 13, 2006

planned acquisition of $1 billion in U.S. retail properties

By MAYA R. PAYNE2:11 pm, April 13, 2006

KeyCorp unit to help finance Mich. developers

Tuesday, April 11, 2006

Developer sells stake in offices

Beachwood businessman buys share of 13 Dellagnese buildings

By Dave Scott
Beacon Journal business writer

Beachwood developer Mark R. Munsell has purchased a major interest in corporations that own 13 Dellagnese office buildings, mostly in the Fairlawn/Bath area, for an undisclosed price.

Realtors: Home Sales, Prices to Cool

Tue Apr 11, 2:01 PM ET
WASHINGTON - The housing market will likely level out in 2006, as sales of existing and new homes are expected to cool in the coming quarters, according to the National Association of Realtors.

Monday, April 10, 2006

Akron U. pondering Barberton branch

By SHANNON MORTLAND6:00 am, April 10, 2006

Monday, April 03, 2006

Some homeowners struggle to keep up with adjustable rates

By Noelle Knox, USA TODAY Mon Apr 3, 7:00 AM ET