Business Details
27 Years
experience
Trusted Property Management Services in Cleveland, OH
CRESCO Playhouse Square Management has been a leader in commercial real estate services for over two decades, combining deep expertise with a commitment to excellence. Our team brings more than 130 years of combined experience in asset management, property management, and real estate consulting, serving clients across Northeast Ohio. We specialize in maximizing property value through strategic planning, financial deal structuring, and innovative facility management solutions tailored to each client's unique needs. Our proven track record includes managing over two million square feet of commercial space, including historic properties like the Hanna Building and Playhouse Square. We pride ourselves on delivering exceptional day-to-day operations support, allowing clients to focus on their core business while we ensure optimal property performance.Our leadership team's extensive background in construction project management and nonprofit real estate services positions us to address complex challenges with creative, results-driven approaches. By maintaining a client-centric philosophy, we build long-term partnerships grounded in fiscal responsibility, transparency, and a relentless focus on enhancing asset value. Our deep roots in Cleveland's real estate community enable us to provide insights that align with both local market dynamics and national industry standards. Through continuous process improvement and a commitment to staying ahead of industry trends, we help clients achieve their strategic goals while preserving the historic integrity of the properties we manage.
Services
Asset Management
Property Management
Facilities Management
Nonprofit Services
Construction Project Management
Real Estate Consulting
Financial Deal Structuring
Owner Representation
Tenant Representation
Details
- Year established: 1999
Highlights and features
- We offer 130+ years of combined experience in Northeast Ohio's commercial real estate market.
- Our team manages over two million square feet of commercial properties with proven results.
- We specialize in historic property preservation and adaptive reuse projects.
- Our financial deal structuring expertise has successfully completed complex tax credit projects.
- We provide comprehensive services spanning asset management, construction project management, and tenant representation.
Services
Property Management
Our property management services handle day-to-day operations for commercial properties, ensuring optimal performance and tenant satisfaction. We implement strategic maintenance plans, financial reporting systems, and operational procedures to maximize asset value. With senior-level professionals managing over two million square feet, we combine historic preservation expertise with modern management practices to deliver exceptional results.
Asset Management
We develop customized asset management strategies to maximize property value and investment returns. Our team analyzes market conditions, identifies efficiency opportunities, and implements capital improvement plans tailored to each property's needs. With experience managing diverse portfolios including historic buildings and industrial facilities, we provide data-driven recommendations for lease expirations, market positioning, and capital allocation decisions.
Financial Deal Structuring
Our financial deal structuring services create innovative solutions for complex real estate transactions. We specialize in tax credit financing, historic preservation projects, and layered capital structures to make deals viable. With successful track records on projects like the Hanna Building and Crowne Plaza Cleveland, we help clients navigate traditional lending, New Markets Tax Credits, and bond financing options to achieve their investment goals.
Construction Project Management
We provide comprehensive construction project management for new builds and renovations, ensuring timely completion within budget. Our team coordinates all aspects from planning through execution, leveraging decades of experience with historic preservation and adaptive reuse projects. We manage contractor bidding, quality control, and regulatory compliance to deliver successful outcomes for clients ranging from nonprofit organizations to private developers.
Real Estate Consulting
Our real estate consulting services offer strategic guidance for property investments and business operations. We conduct detailed market analyses, facility assessments, and financial evaluations to inform decision-making. Using a seven-step evaluation process, we identify operational efficiencies, cost-saving opportunities, and strategic positioning recommendations that align with clients' business objectives while minimizing organizational disruption.
People
Tim Luli
Founder
Tim Luli founded CRESCO Playhouse Square Management in 1999 after being brought in to manage the Hanna Building. With decades of commercial real estate experience, he has grown the company to manage over two million square feet while maintaining a focus on historic preservation and client-centric service.
Tom Adler
Senior Advisor
Tom Adler, former Playhouse Square Board Chair, co-founded CRESCO Playhouse Square Management with Tim Luli. His leadership and industry expertise have been instrumental in developing the company's strategic direction and expanding its third-party management portfolio across Northeast Ohio.
Questions
What commercial real estate services do you offer?
We provide asset management, property management, facilities management, construction project management, real estate consulting, and financial deal structuring services.
Do you specialize in historic property management?
Yes, we have extensive experience preserving and managing historic properties like Cleveland's Hanna Building and Playhouse Square theaters.
What geographic areas do you serve?
We primarily serve Northeast Ohio, with a strong focus on Cleveland's commercial real estate market.
Can you help with nonprofit real estate needs?
Yes, we offer specialized services for nonprofits including facility management and space acquisition assistance.
How do you approach financial deal structuring?
We utilize creative financing solutions including tax credits and layered financing to complete complex real estate transactions.
