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Sunday, March 24, 2002

Commercial real estate projects & transfers




Projects

        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: Christ Hospital. Site: 2139 Auburn Ave. Purpose: Passenger elevator. Contractor: Otis Elevator Co. Cost: $334,846.

        • Applicant: Cincinnati Institute of Fine Arts. Site: 316 Pike St. Purpose: Alteration. Contractor: Turner Construction Co. Inc. Cost: $296,000.

        • Applicant: Jim Witcher, H H Gregg. Site: 5111 Glencrossing Way. Purpose: Alteration. Contractor: Jim Witcher, H H Gregg. Cost: $250,000.

        • Applicant: Christ Hospital. Site: 2139 Auburn Ave. Purpose: Passenger elevator. Contractor: Otis Elevator Co. Cost: $241,784.

        • Applicant: Hamilton County Commissioners. Site: 201 E. Pete Rose Way. Purpose: Freight elevator. Contractor: Fujitech America Inc. Cost: $206,000.

Transfers

        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: 1150 Ohio 32, Union Township, 45103. Use: Commercial vacant land. Price: $1,200,000. Buyer: TB Investments Inc. Seller: P&R Realty Limited.

        • Property: 751 Columbus Ave., Lebanon, 45036. Use: Commercial vacant land. Price: $960,000. Buyer: McMullen Real Estate Co. Seller: Hidden Splendor Partnership.

        • Property: 946 Pavillion St., Mount Adams, 45202. Use: Parking garage. Price: $732,812. Buyer: PAV Real Inc. Seller: Pavilion Real Estate.

        • Property: 508 Commonwealth Ave., Erlanger/Elsmere, 41018. Use: Auto service station. Price: $640,000. Buyer: Jay Bhavani Inc. Seller: B&G Holdings Inc.

        • Property: 1029 St. Gregory St., Mount Adams, 45202. Use: Office building. Price: $600,000. Buyer: Menke Development LLC. Seller: Sambroso Builders Inc.

        • Property: 2828 Vernon Place, Corryville, 45219. Use: Commercial County Specifications. Price: $545,000. Buyer: Alcoholism Council of Cincinnati Area NCADD. Seller: Vernon Place Building LLC.

        • Property: 1215 Rutledge Ave., Price Hill, 45205. Use: Apartment building. Price: $500,000. Buyer: Choice Homes Inc. Seller: David P. Senske.

        • Property: 3636 Madison Pike, Fort Mitchell, 41017. Use: Commercial garage. Price: $450,000. Buyer: Hillside Development Corp. Seller: Paul Michels and Sons Inc.

        • Property: 1054 St. Gregory St., Mount Adams, 45202. Use: Apartment building. Price: $399,688. Buyer: Chase Real LLC. Seller: Chases General Real Estate LLC.

        • Property: 3415 Shaw Ave., Hyde Park, 45208. Use: Apartment building. Price: $325,000. Buyer: Steven G. and Georgina L. Evans. Seller: William E. Chester.

        • Property: 3910 North Bend Road, Cheviot, 45211. Use: Retail store. Price: $275,000. Buyer: Riyad Thabteh. Seller: Garry E. Perkins.

        • Property: 3096 Gilbert Ave., Walnut Hills, 45206. Use: Apartment building. Price: $240,000. Buyer: 3096 Gilbert Ave., LLC. Seller: Pye Inc.

        • Property: 2753 Observatory Ave., Hyde Park, 45208. Use: Retail store. Price: $201,500. Buyer: S&E Associates Inc. Seller: Kellbrook Inc.

       



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