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$200M Dayton Racino Project Moving Forward

$200M Dayton Racino Project Moving Forward

By Adrian Maties, Associate Editor Dayton is one step closer to having its racino. Penn National Gaming Inc. (Nasdaq: PENN) announced on July 2 it wants to relocate Beulah Park in Columbus to Austintown and Raceway Park in Toledo to Dayton. It requested official permission of the Ohio State Racing…

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Developers Break Ground on $54M Project in Over-the-Rhine

Developers Break Ground on $54M Project in Over-the-Rhine

By Adrian Maties, Associate Editor The next phase of development in Cincinnati’s Over-the-Rhine neighborhood started on Tuesday, June 26, with the groundbreaking ceremony for the massive, $54 million Mercer Commons project. Cincinnati mayor Mark Mallory, city manager Milton Dohoney Jr., city council members, and 3CDC and PNC Bank representatives attended…

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SouthShore Developer Breaks Ground on Upscale Newport Apartment Complex

SouthShore Developer Breaks Ground on Upscale Newport Apartment Complex

By Adrian Maties, Associate Editor Capital Investment Group Inc., the group that built the SouthShore condominium tower, started work on June 21 on a $15.6 million apartment building in Newport, Northern Kentucky. Officials from the city of Newport, including Newport Mayor Jerry Peluso, and representatives of Capital Investment Group attended…

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Hawthorne Center in Blue Ash Sold to Georgia Real Estate Firm for $16.6M

Hawthorne Center in Blue Ash Sold to Georgia Real Estate Firm for $16.6M

By Adrian Maties, Associate Editor OA Development, a commercial real estate investment firm based in Atlanta, has purchased the Hawthorne Center, a 135,000-square-foot Class A office building in Blue Ash. The $16.6 million deal represents the company’s seventh acquisition in less than 18 months. The low-rise building was constructed in…

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Downtown’s Hyatt Regency to Undergo $17M Makeover

Downtown’s Hyatt Regency to Undergo $17M Makeover

By Adrian Maties, Associate Editor Major renovations are planned for the Hyatt Regency Hotel in downtown Cincinnati. The $17 million project is expected to help the Hyatt compete with newer hotels as well as improve the city’s ability to bring in high-end conventions and boost the local economy. The deal…

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Mercy Health to Build $75M Patient Tower

Mercy Health to Build $75M Patient Tower

By Adrian Maties, Associate Editor Hospital construction in Cincinnati has been booming recently. Cincinnati Children’s Hospital Medical Center has a $180 million research tower underway on its main campus, the largest pediatric research center in the United States, and Christ Hospital is getting ready to break ground this summer on…

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Cincinnati’s 309 Vine to Get $15M Makeover

Cincinnati’s 309 Vine to Get $15M Makeover

By Adrian Maties, Associate Editor The annex building that supplements the 31-story PNC Tower will soon get a $15 million makeover. With construction ongoing at the nearby Banks development, downtown Cincinnati is seeing a lot of activity lately. This new renovation project will bring life back to an important area of…

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Study Shows Phase 1A of the Banks Has $91M Annual Economic Impact

Study Shows Phase 1A of the Banks Has $91M Annual Economic Impact

By Adrian Maties, Associate Editor The Banks project is drawing more people to downtown Cincinnati, and the city is already cashing in, according to an economic impact study conducted by the University of Cincinnati Economics Center and released on May 22 by the  Banks’ developers: Carter, The Dawson Co. and USAA…

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New Apartments Coming to Downtown Cincinnati This Summer

New Apartments Coming to Downtown Cincinnati This Summer

By Adrian Maties, Associate Editor An $18 million development project will bring 88 new apartment units to downtown Cincinnati this summer. The Edgewood, Ky.-based Ashley Commercial Group has partnered with Arcadia Communities of Louisville to transform the former Federal Reserve Bank building into The Reserve at 4th and Race, an exclusive…

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Sterling McMillan Student Housing Community Sold; Towne Properties Plans Oakley Apartment Complex

Sterling McMillan Student Housing Community Sold; Towne Properties Plans Oakley Apartment Complex

By Adrian Maties, Associate Editor M&A Real Estate Partners, a Los Angeles-based real estate company, has purchased the Sterling McMillan student housing community near the University of Cincinnati. The deal was closed on May 1 at an acquisition price of $19.8 million, according to the Cincinnati Business Courier. Sterling University Housing,…

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New Homes Coming to Corryville

New Homes Coming to Corryville

By Adrian Maties, Associate Editor The Corryville Community Development Corp. (CCDC) was formed when the University of Cincinnati teamed with the Corryville Community Council and the Short Vine Business District. Its purpose: to develop the Village at Stetson Square, an $80 million community that opened in 2006 in Corryville. Now developers…

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Children’s Hospital to Add New $180M Research Building on Main Campus

Children’s Hospital to Add New $180M Research Building on Main Campus

By Adrian Maties, Associate Editor Cincinnati Children’s Hospital Medical Center plans to start work this summer on a 15-story research building on its Burnet Avenue campus. The new building will be adjacent to and physically integrated with the research building that Cincinnati Children’s opened in 2007. The new clinical sciences building will be…

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