The K & D Group, of Willoughby, Ohio, is an American major real-estate holder of numerous prominent office and residential properties in Northeast Ohio. K&D Properties was originally established as a partnership by Douglas E. Price, III and Karen M. Paganini in 1984.[1]
The partnership began purchasing and renovating properties and formed K&D in 1998 to manage and acquire future properties. Today, as Northeast Ohio’s largest privately owned property management and development firm, K&D owns and manages over 45 apartment communities, consisting of nearly 10,000 units throughout Northeast Ohio, and includes properties attractive to high, moderate, and lower income individuals and families.[2] Mr. Price functions as K&D’s Chief Executive Officer, and Mrs. Paganini is its President.[3]
In 2016, it was announced by CEO Douglas Price III that the K&D Group had purchased the historic Cleveland landmark, The Terminal Tower, for $38.5 million.[4] This purchase was part of a $100 million project to transform floors four through 15 into luxury apartments.
In 2021, K&D was criticized for its slow response to flooding in its apartments at Terminal Tower.[5]
^McFee, Michelle Jarboe (March 22, 2012). "K&D Group plans to buy, remake East Ohio Building in downtown Cleveland as 223 apartments by 2014". The Plain Dealer. Retrieved 12 December 2012.
^McFee, M.J. (December 4, 2014). K&D Group buys Halle Building, garage from Forest City, plans 240-unit apartment conversion. The Plain Dealer
^Mcfee, M. J. (September 12, 2012). K&D Group closes Hanna Building Annex deal, will start construction on Playhouse Square apartments. The Plain Dealer.
^McFee, M.J. (February 19, 2015). K&D Group set to buy Keith Building at Playhouse Square - but not for apartments. The Plain Dealer