Sunday, January 27, 2002

Commercial real estate projects & transfers



        The most expensive commercial construction projects or renovations, based on dollar values ($200,000 and up) of building permits issued recently in Cincinnati and Hamilton County:

        • Applicant: The Andrew Jergens Co. Site: 2575 Spring Grove Ave. Purpose: Alteration. Contractor: The Andrew Jergens Co. Cost: $600,000.

        • Applicant: Marilyn Wade Martin. Site: 125-127 W. Fourth St. Purpose: Alteration. Contractor: Oswald Co. Cost: $550,000.

        • Applicant: C B Richard Ellis. Site: 221 E. 4th St. Purpose: Alteration. Contractor: Hunt Builders Corp. Cost: $450,000.

        • Applicant: Stephen F. Overbeck. Site: 6407 Madison Road. Purpose: Addition. Contractor: Environmetrics Inc. Cost: $200,000.



        The most expensive commercial property transfers recorded recently in Hamilton, Clermont, Butler and Warren counties in Ohio and Boone, Kenton and Campbell counties in Kentucky, based on dollar values of $200,000 or more (data collected by First American Real Estate Solutions, publisher of the Pace Report, from county records):

        • Property: 4800 Parkway Drive, Deerfield Township, 45040. Use: Office building. Price: $8,600,000. Buyer: Deutsche Bank. Seller: Duke Realty Limited Partnership.

        • Property: 8700 Governors Hill Drive, Symmes Township, 45249. Use: Office building. Price: $7,000,000. Buyer: Deutsche Bank. Seller: Duke Realty Limited Partnership.

        • Property: 5642 Hamilton Ave., College Hill, 45224. Use: Nursing home and private hospital. Price: $4,500,000. Buyer: Cincinnati Children's Hospital Medical Center. Seller: MDS Pharma Services Inc.

        • Property: Mount Moriah Drive, Union Township, 45245. Use: Machine tool shop. Price: $1,206,305. Buyer: McClorey-Savage and McClorey. Seller: Lowes Home Centers Inc.

        • Property: 125 W. 9th St., downtown, 45202. Use: Barber/hair shops. Price: $281,700. Buyer: April L. Bolton. Seller: Plum Street Properties LLC.

        • Property: 9035 Colerain Ave., Colerain Township, 45251. Use: Retail store. Price: $230,481. Buyer: Sports Real Estate Limited. Seller: Lothar Eissfeld.

        • Property: 650 Donaldson Highway, Erlanger/Elsmere, 41018. Use: Restaurant/cafe/bar. Price: $200,000. Buyer: GM Motor Inn Inc. Seller: Guy M. Duren.


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- Commercial real estate projects & transfers
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