Thursday, January 06, 2000

INDUSTRY NOTES: REAL ESTATE


Downtown locale for brokerage

BY JOHN BYCZKOWSKI
The Cincinnati Enquirer

        The brokerage Stifel Nicolaus & Co. is expanding into downtown from its Kenwood office.

        The firm has taken 3,800 square feet in the Chiquita Center to open an office for six brokers, Bill Nelson of Stifel Nicolaus said.

        “We feel that we needed to be in downtown Cincinnati,” he said. “We like the dynamics of it.” He pointed out the firm's St. Louis headquarters is also in a downtown space.

        Diane Ross from CB Richard Ellis brokered the deal, he said.

Dorian Development wins state's praises
        Dorian Development of Mount Auburn was honored by the Ohio Department of Development for the company's opening of the Kerper Apartments in Walnut Hills.

        Dorian, led by Pauline Van der Haer and Ralph Bawtenheimer, rebuilt the 80-year-old apartment buildings, vacant for five years. Rehabilitating and reopening the 42 units cost $2.7 million, $2.3 million of that from a variety of public and private sources.

        The development was featured in an Enquirer article May 1. Dorian specializes in urban redevelopment.

Women's group meets Tuesday at Phoenix
        The next meeting of the Commercial Real Estate Women of Greater Cincinnati is 11:30 a.m. Tuesday at the Phoenix downtown.

        The meeting will feature a discussion of trends in real estate, from the views of banking, law, brokerage and corporate management.

        Information: Sue Ferris at 326-1507.

Hamilton County buys Shur-Good warehouse
        Hamilton County has acquired the former Shur-Good biscuit warehouse at 5035 Winton Road in Winton Place.

        The county paid the Schmitt family, which owns Shur-Good, $620,000 for the 31,000-square-foot warehouse, said Don Murphy, president of Everest Group, who brokered the deal. The county will use the building for storing records.

        That deal ended 1999, and the new year looks promising, Mr. Murphy said. “It's starting up fabulous. It looks like a good year,” he said.

Six appraisers honored by professional group
        The Greater Cincinnati chapter of the National Association of Independent Fee Appraisers recently honored six of its members who've been in the business 25 years.

        They are Avery Howard of Milford, Ralph Lindeman of Western Hills, Ann Thompson of White Oak, M. Robert Garfield of Amberley Village, Clete McDaniel of Symmes Township and Ed Hamann of Anderson Township.

        Got news? Send it to John Byczkowski at The Enquirer, 312 Elm St., Cincinnati OH 45202, call 768-8377 or e-mail johnb@enquirer.com.

       



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