Business Details
27 Years
experience
Your Trusted Commercial Real Estate Partner in Cleveland
CRESCO Playhouse Square Management is a commercial real estate services firm born from the stewardship of Cleveland's historic Playhouse Square. Our leadership team combines over 130 years of collective experience in asset management, property operations, and strategic real estate solutions. We specialize in managing complex portfolios across Northeast Ohio, including historic preservation projects and modern commercial spaces. Our expertise extends to financial deal structuring, construction project management, and nonprofit real estate services. We differentiate ourselves through proactive management strategies that maximize property value while maintaining fiscal responsibility.Our team's deep local market knowledge enables tailored solutions for owners, tenants, and developers. With a portfolio exceeding 2 million square feet, we deliver operational excellence through senior-level professionals trained in current market dynamics. Our three-step property management approach ensures alignment with client business goals while maintaining first-class operational standards. We have demonstrated success in revitalizing urban districts through strategic real estate initiatives that create lasting community value. Our track record includes pioneering projects utilizing historic tax credits and innovative financing structures.
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 commercial real estate
- Our team manages over 2 million square feet of commercial property
- Proven success in historic tax credit financing and complex redevelopment projects
- We implement a three-step property management process for strategic alignment
- Specialized expertise in nonprofit real estate solutions and facility optimization
Services
Property Management
Our property management services handle day-to-day operations for commercial properties, allowing owners to focus on core business activities. We employ senior-level professionals with deep market knowledge to maintain optimal property performance. Our three-step approach ensures alignment with client goals through customized operating procedures and quality assurance plans.
Asset Management
We maximize property value through strategic asset management that analyzes current efficiencies and identifies improvement opportunities. Our services include capital improvement management, lease expiration tracking, and market positioning analysis to enhance investment returns for commercial property owners.
Financial Deal Structuring
Our financial deal structuring services specialize in creative financing solutions for complex real estate transactions. We arrange debt and equity financing through traditional lenders, tax credits, and layered financing structures. With expertise in historic tax credit projects, we've successfully completed major developments including the Hanna Building and Crowne Plaza Cleveland.
Facilities Management
We ensure property functionality and efficiency through comprehensive facilities management covering 2+ million square feet. Our services optimize operational costs while maintaining safety standards. We work with existing teams to improve systems and procurement processes without disruptive outsourcing approaches.
Real Estate Consulting
Our consulting services provide strategic guidance for commercial real estate projects through a seven-step analysis process. We evaluate operational performance against market benchmarks and develop customized plans to improve occupancy, reduce costs, and optimize asset portfolios for both public and private sector clients.
People
Tim Luli
Founder
Tim Luli founded CRESCO Playhouse Square Management in 1999 after being hired to manage the Hanna Building. With over 30 years in property management, he brings expertise in historic preservation and commercial operations.
Tom Adler
Senior Advisor
Tom Adler, former Playhouse Square Board Chair, co-founded CRESCO Playhouse Square Management. His leadership experience combines real estate strategy with nonprofit management expertise to guide the firm's long-term vision.
Questions
What commercial real estate services do you offer?
We provide asset management, property management, financial deal structuring, facilities management, and real estate consulting services for commercial properties in Northeast Ohio.
Do you specialize in historic property management?
Yes, we have extensive experience managing historic properties through our work with Playhouse Square's five historic theaters and associated buildings in downtown Cleveland.
What areas do you serve?
We primarily serve Northeast Ohio, with a focus on Cleveland's commercial real estate market and surrounding regions.
Can you help with nonprofit real estate needs?
Yes, we offer specialized services for nonprofits including facility management, space acquisition, and operational optimization tailored to nonprofit organizations' unique requirements.
Do you offer financing solutions for real estate projects?
Yes, we provide financial deal structuring services that include historic tax credit financing, layered financing arrangements, and traditional lending solutions for commercial developments.
How do you handle property management differently?
Our approach combines senior-level professionals with a three-step process that aligns management with client goals through customized operating procedures and quality assurance planning.
