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Cleveland's World Class Economic Recovery In addition to the world's greatest symphony orchestra, art museam, and health care providers, Cleveland can now say that it has a globally-ranked economic recovery. In terms of improvement in employment and per capita income, Cleveland ranks 10th out of 50 domestic metropolitan markets and 49th out of 150 international metropolitan markets. So says a study from the London School of Economics and the Brookings Institute. Follow this link for more details. |
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Green Builder Magazine Excels Each month, I get perhaps a dozen legal and construction-related trade magazines. One of the best is Green Builder Magazine. I have referenced it before, usually for its reviews of green residential construction products. This month's issue is devoted to techniques and products for sustainable residential construction and remodeling. You do not need to be a subscriber to enjoy the articles. Access their web site and click on their excellent viewer and you can page through their articles. |
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Wray to Return as ODOT Director Governor-elect John Kasich has announced that Jerry Wray will serve as the Director of the Ohio Department of Transportation, returning to a post he held during the Voinovich and Taft administrations. Wray wasted no time calling into doubt funding for public transportation, announcing the administration's determination to eliminate the 3C rail project, and even indicating that the inner-belt bridge project will be reviewed. Follow this link for more information. |
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Residential Real Estate Market Slogs Along A little context goes a long way, especially with real estate statistics. Here were the numbers for October 2010 against October 2009--sales of new and used homes were down 21.7% in Northeast Ohio and down 41.9% in Cuyahoga County. So says NORMLS, as reported in The Plain Dealer. So, before you decide that the sky has indeed fallen, check the context. Last October's sales were driven by the tax credit that was set to expire. This year, there is no tax credit. So, how about some meaningful information about the market? According to the monthly market article in the Wall Street Journal, nation-wide sales figurues hit rock bottom in July after the credit expired, and August and September showed weak improvement. The blame: buyers are sidelined by job losses and expectations that prices will fall even more. Ivy Zelman, my favorite real estate forecaster, believes 2011 will show some improvement. She is usually on the bearish side of things, so let's hope she is right.
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Neal Rains Is Cleveland's Antitrust Lawyer of the Year Best Lawyers, which serves as a trusted resource for guidance in attorney selection, has named my partner M. Neal Rains as its Lawyer of the Year in the field of Antritrust Law in the Cleveland region.
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Upcoming Seminars
We frequently lecture on a range of subjects at the offices of businesses, trade groups, and bar association groups. If you are interested in providing training for your employees on specific legal issues, please feel free to contact me. Otherwise, you can attend the following seminars offered by our various practice groups:
December 8, 2010: My partner Ian Frank and I will discuss course of construction dispute management and insurance and bonding issues as parts of a seminar on Ohio Construction Law presented by HalfMoon Seminars. Click here for more information. December 16, 2010: Brett Bacon will lecture on Federal Court Practice. Follow this link for more information from the National Business Institute. |
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Disclaimer
This document is intended to provide general information about legal developments, not legal advice. Receipt of this information does not create an attorney-client relationship. |
