Week in Review: Lordstown Motors, Steward and Commercial Real Estate

YOUNGSTOWN, Ohio — Lordstown Motors Corp. again topped business news for the week of April 19, as key commercial real estate stories also gained lots of attention.

Lordstown Motors Fails to Endure at Baja

Lordstown Motors Corp.’s all-electric Endurance pickup truck completed less than 40 miles of the 280-mile Score International San Felipe 250 track April 17 before withdrawing from the race. Out of the 270 entrants, just 187 were able to finish.

“The lessons learned in the desert will become part of the Endurance’s DNA, and help us to meet the rigorous performance expectations and requirements of our customers,” Lordstown Motors posted on its Facebook page following the race. Click HERE.

Steward’s New Austintown Site

Steward Medical Group’s newest expansion in Austintown was born of a lifelong friendship between Dr. James Shina and Dr. Christopher Raymond, and their passion for the community.

The new building at 1440 S. Canfield-Niles Road houses Steward Primary Care, Steward Multispecialty Care and Raymond Chiropractic. Uniting those methods of care under one roof, Shina said, improves access for patients in a community that has traditionally been short on specialty care. Click HERE.

Big Commercial Real Estate News

After a three-day online auction, a Miami, Fla.-based redevelopment investment group placed the winning bid of $1.15M on the historic Chase Tower building downtown. The broker for the transaction said the developer looks to bring a “fresh perspective” to downtown. Click HERE.

Also, the recent purchase of the property at 3620 Starr Centre Drive, Canfield, will make way for an upgrade to the property and building there, which includes The Pour House Bar & Grill. Suleiman Holdings of Ohio Inc. purchased the property for $780,000. Click HERE.

Copyright 2021 The Business Journal, Youngstown, Ohio.