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CLEVELAND — A popular beer joint in Cleveland is closing its doors to keep its employees safe because some customers refuse to follow rules on mask-wearing and social distancing.Forest City Brewery made the announcement on Facebook Tuesday morning."It pains us to inform you that we will be closed to the public as of 7/22/20. We did our very best to do the right thing and protect the health of our employees, our customers and our neighborhood for the past 2 months," the establishment said on Facebook.According to the brewery, employees, "had a hard time dealing with people who refuse to wear masks, social distance, or follow the rules set forth by the city of Cleveland and the State of Ohio."The brewery stated that even though its doors are closing, it will continue to serve the community by selling cans and growlers in the future."Until then, stay safe Cleveland, we will miss you and see you when it is safe again, and people start acting in a responsible manner," the brewery stated.This article was written by Drew Scofield for WEWS. 1056

Commercial real estate leader Steve Schwab is looking to sign tenants to leases at a new development in downtown Denver but he’s running into troubles linked to the pandemic.“COVID has a had a major effect, probably the most major effect in the sales business,” he said.Schwab, a managing principal at Cushman & Wakefield, says COVID-19 has had a major impact on commercial real estate in a short amount of time.“Between the first quarter and the second quarter, we saw office investments sales decrease by about 72%,” he said.Schwab says unemployment, more people working from home and social distancing are impacting commercial real estate sectors like shopping centers, hotels, retail and office spaces.He says that the road to recovery will be very challenging, something other industry experts agree with.“The restaurants, the gyms, the bowling alleys, those are going to struggle over the next 12-18 months until we get back to full physical occupancy,” said Spencer Levy, chairman at CBRE.Levy says high inventory combined with low interest rates could attract foreign investors to American commercial real estate, something he welcomes with open arms.“Foreign money isn’t just cash. It brings everything with it. It brings jobs, it brings foreign students, it brings people that buy retail,” he said.But will foreign investment bring more people back inside massive buildings?Levy compares what today's commercial real estate industry needs to rebound to that of 9/11.“We had a period of time where people were tragically afraid to be back in the cities, afraid to go back into tall buildings. But that passed after people had better security in those buildings,” he said. “We are going to see exactly the same thing today from a wellness prospective.”With many major retailers already moving out of brick and mortar buildings, and millions of square feet available across the country, Levy says the commercial real estate industry needs more government assistance on the road to recovery. 2005

CORONADO, Calif. (KGTV) - Coronado residents heard a plan from the Port of San Diego Monday night that would allow for 350 new hotel rooms to be built on the island.Those who showed up were not happy.“Most of the residents don’t want this development to happen,” said resident Kelly Sarber. “The city can’t really handle what we're dealing with right now,” she added, referring to the island’s notorious traffic.The new proposal is part of an update to the Port’s master plan, which includes 2,403 acres of land across 34 miles of waterfront around San Diego Bay.In Coronado, the new master plan would allow for 350 hotel rooms to be built in the north Coronado subdistrict, which includes the Ferry Landing and the area occupied by the existing Marriot Hotel.“What this plan sets out is potential growth for next 30 years,” said Lesley Nishihira, planning director for the Port.She said currently they have not received a plan from a developer to actually build a hotel on the Ferry Landing property. However, if approved, the updated master plan would allow for one to be built eventually. Though, any project proposal would also have to go through a public review period.The comment period for the Master Plan draft goes through July 31. Comments can be emailed to the Port of San Diego at PMPU@portofsandiego.org. Final approval of the plan isn’t expected until late 2020. 1384

CINCINNATI -- While their fellow incoming college students enjoyed Freshman Welcome Week, Natalie Vasu and Kiley Hatfield spent much of their first week at the University of Cincinnati sitting inside at Turner Schneider Hall. Their new dorm room had a broken shower head, broken locks and a thermostat on the fritz, and at least one person needed to be around to greet the repair teams who came to fix them.Those issues were irritating but all had quick solutions, Vasu said. The mold they discovered near four outlets in the room didn't."There were water dripping stains down the outlet," Vasu said. "We're lucky when we went and plugged things in that nothing caught fire or went wrong."The university immediately removed the girls -- Vasu, Hatfield and their two roommates -- from their room and offered them new rooms. Separate ones. Hatfield said she and Vasu were determined to stay together, and after hours of begging, the university agreed to put them up in a hotel as a pair. It's still a short-term fix. The girls don't know what their long-term living situation might be."We don't have a permanent option," Hatfield said. "We have no idea where we're supposed to go."M.B. Reilly, the university's director of public relations, said staff have worked to quickly address all of the issues Hatfield and Vasu raised. The malfunctioning thermostat was replaced within days; the broken shower head was replaced the same Saturday morning they reported it.They will continue to work with the pair to find an acceptable place for them to live."In support of our students, university staff will personally be reviewing alternative UC housing options with them and their parents shortly," Reilly said in a statement.She added no other students in their building had experienced comparable issues. 1820

College students and loans seem to go hand in hand, and student loan debt is an ever increasing problem in the U.S.But it might surprise you what some college students are doing with any excess loan money they may have after paying for things like tuition, books, and housing.A study by the Student Loan Report found that approximately one out of every five students with loans have used loan money in some form to invest in cryptocurrencies—in other words, things like Bitcoin.But financial advisers caution that may not be the best decision.“My gut reaction,” said financial advisor Martin Walsh with Brown and Tedstrom, “is that it’s probably a bad idea.”Walsh said using borrowed dollars to invest in speculative assets, such as Bitcoin, would make him “very nervous.”Cryptocurrency is the formal word for a type of digital money that uses encryption to transfer funds, independently of a central bank.Walsh cautions:  “buyer beware.”“There’s been a ton of talk about cryptocurrency over the last year,” Walsh said, “mostly because of the massive run up in price.”Bitcoin — the biggest player in the Crypto game—saw prices for their “coins” at around ,000 in December. But fast forward two months to February and the price plummeted to ,000.Walsh has had clients ask about it mostly because “their friends have invested in them and have made money.”  But he says that as a general rule the firm he works for, Brown and Tedstrom, won’t advise clients to invest in cryptocurrency.“It seems fun and easy, and things have doubled, tripled, even quadrupled. But there’s incredible volatility in investing in bitcoin and other cryptocurrencies,” said Walsh.Paul Foley, a big supporter of the technology behind cryptocurrency, says he has invested “quite a bit” in Ethereum, another player in the cryptocurrency realm. He says anyone investing now should see this as a “10 to 15 year plan”—not a short term way to make money.“I plan on holding for a very long time,” said Foley.But even he says that the notion of using borrowed funds, i.e. student loans, to invest in speculative assets like Ethereum is “a terrible idea.”Both Foley and Walsh say anyone looking to invest in this emerging field needs to do their homework. They both believe that the more uneducated people there are who decide to jump in the market on a whim, the greater the chances of a “bubble” bursting, similar to the housing market crash of 2008. 2440

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