Sunday, October 19, 2003

Commercial Real Estate


The most expensive commercial construction projects or renovations, based on values of building permits issued recently in Cincinnati and Hamilton County:

Procter & Gamble Co. Site: 6290 Center Hill Ave. Purpose: Addition. Contractor: To be determined. Cost: $1,274,000.

• YMCA. Site: 3159 Montana Ave. Purpose: Swimming pool. Contractor: Shamrock Enterprises. Cost: $860,000.

• National Underground Railroad Freedom Center. Site: 50 E. Freedom Way. Purpose: Passenger elevator. Contractor: Abell Elevator International. Cost: $296,322.

• Steve Vogel. Site: 150 E. Fourth St. Purpose: Mechanical. Contractor: Hannaford & Briggs Service. Cost: $260,000.

• Steve Vogel. Site: 150 E. Fourth St. Purpose: Alteration. Contractor: Beischel Builders. Cost: $250,000.

• Cincinnati Children's Hospital Medical Center. Site: 3333 Burnet Ave. Purpose: Alteration. Contractor: Messer Construction Co. Cost: $242,000.


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 values of $200,000 or more (data collected by First American Real Estate Solutions, publisher of the Pace Report, from county records):

• Ky. 18, Burlington, 41005. Use: Apartment building. Price: $7,800,000. Buyer: JWG2 Investments IV & JWG2 Investments V. Seller: Burlington Residential Limited.

• 5901 E. Galbraith Road, Sycamore Township, 45236. Use: Office building. Price: $5,992,700. Buyer: 590 East Galbraith Road LLC. Seller: General Insurance Co. of America.

• 5111 Glencrossing Way, Green Township, 45238. Use: Discount store. Price: $1,770,200. Buyer: SPM Real Estate Springboro & SPM Real Estate Georges VI. Seller: 2K Ventures/Glencrossing.

• 1343 Main St., Over-the-Rhine, 45202. Use: Apartment building. Price: $1,175,000. Buyer: Over The Rhine Property Investments LLC. Seller: 1341-45 Main Street Limited Partnership.

• 400 Grove Ave., Wyoming, 45215. Use: Restaurant/cafe/bar. Price: $985,000. Buyer: 400 Wyoming Restaurant Concepts LLC. Seller: Steven E. Schuholz Enterprises Inc.

• 303 Greenup St., Covington, 41011. Use: Apartment building. Price: $950,000. Buyer: Covington Square LLC. Seller: U.S. Bank, trustee.

• 909 E. Ross Ave., St. Bernard, 45217. Use: Medium manufacturing and assembly. Price: $737,500. Buyer: Baxter Real Estate LLC. Seller: Baxter Burial Vault Service Inc.

• 2728 Faber Ave., East Westwood, 45211. Use: Apartment building. Price: $623,000. Buyer: Richard and Evelyne T. Chiang. Seller: A&A Properties Limited.

Retailers see happier holidays ahead
1st Financial's options limited
Discrimination case three years in the making
Income taxes get more taxing

Ky.'s Emerging 30 give lessons in how to succeed
Rules of collecting numerous
Business Notes
Business Meetings This Week

Goodyear agrees to pay $236M
Atlanta wants to be HQ for free-trade zone
Commercial Real Estate