Tuesday, April 27, 2004

Realty firm relocates

Tristate summary

Staff reports

Commercial real estate firm Grubb & Ellis West Shell Commercial will relocate this week from the Fourth Street Atrium Two building to the U.S. Bank building, 425 Walnut St.

The 22-broker firm - which offers service for office, industrial, retail, apartments and other real estate needs - will take a 9,500-square-foot space on the 12th floor. The U.S. Bank building now is 100 percent leased.

Convergys buys two HR firms

Cincinnati's Convergys Corp. on Monday announced a major expansion of its employee-care business in the Asia-Pacific region by acquiring two Singapore providers of human resources services. Financial terms of the acquisition of Out-Smart, an independent provider of HR, payroll and benefits administration; and i-Benefits, a leading Asia-Pacific provider of flexible HR and benefits services, weren't disclosed. The acquisition will have a slightly negative impact on Convergys' operating income this year. The company's shares closed down 49 cents Monday at $15.27. The two firms have more than 100 clients, including Fortune 500 companies with Asia-Pacific operations, a Convergys official said.

Forums to discuss Square project

Cincinnati Center City Development Corp. has scheduled six public meetings to discuss a planned overhaul of the Fountain Square area. The private development group will first discuss its plans May 3 with City Council's Community Development Committee. The public forums:

• May 4, 6 p.m., Colerain Township Senior/Community Center, 4200 Springdale Road.

• May 5, 6 p.m., College Hill Recreation Center, 5545 Belmont Ave.

• May 6, noon, Christ Church Cathedral, 318 E. Fourth St.; and 6 p.m., Carthage Recreation Center, 19 E. 72nd St.

• May 10, 6 p.m., Madisonville Recreation Center, 5320 Stewart Road.

• May 11, 6 p.m., Westin Hotel Atrium, downtown.

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