NEO CRE Play of the Week 6/27-7/1

In a move that surpised just about everyone in the Northeast Ohio Commercial Real Estate community, Monte Ahuja announced yesterday that he purchased the $5.7 note on the up-scale Barrington Golf Club in Aurora, OH.  Ahuja, a long time Cleveland philanthropist and former owner of Transtar Industries hopes to convert his debt position into an ownership position in the near future.  In a time when many Northeast Ohio golf courses and private clubs continue to struggle, Monte stepped up and made a bold statement about his commitment and belief in this region and that is certainly deserving of  the NEO CRE play of the week.