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UGN to Build $50M Plant in Monroe, Create 150 Jobs

UGN to Build $50M Plant in Monroe, Create 150 Jobs

UGN Inc., a manufacturer and supplier of auto parts, has announced last week its plans to build a $50 million facility in Monroe, Ohio. Ground breaking is scheduled to start next month, depending on the final approval of state and local incentives.…

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Octal Leases 130,000 SF of Industrial Space in West Chester, Opens First Plant in North America

Octal Leases 130,000 SF of Industrial Space in West Chester, Opens First Plant in North America

OCTAL, a world leader in polyethylene terephthalate (PET) resin and integrated PET sheet manufacturing, is expanding its operations with the opening of its first plant in North America. The Muscat, Oman-based company has recently signed a lease for 130,720 square feet of space in the Greater Cincinnati area.…

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URS Capital Partners Sells Two Cincinnati-Area Apartments

URS Capital Partners Sells Two Cincinnati-Area Apartments

URS Capital Partners, a real estate investment company based in Huntington, New York, has completed the sale of two multifamily properties in the Cincinnati area, at the end of January. The two properties are the Westshore Apartments, in Covington, and the Incline Apartments in Cincinnati’s Incline District.…

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Procter & Gamble Selling Sycamore Building Downtown

Procter & Gamble Selling Sycamore Building Downtown

Another high-rise building in Cincinnati’s CBD is on the market. Last week, I wrote about the Garfield Tower, an apartment building listed for sale by CBRE. Now, Procter & Gamble is selling its office property at 299 E. Sixth Street.…

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Garfield Tower in CBD Goes Up for Sale

Garfield Tower in CBD Goes Up for Sale

A Cincinnati apartment tower located in the heart of the city’s Central Business District is now for sale. CBRE has listed the property but did not disclose a sale price.…

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$500M Middletown Energy Center to Be Top Gas Power Plant

$500M Middletown Energy Center to Be Top Gas Power Plant

The city of Middletown, in Butler County, will be home to one of the most efficient natural gas-fired power plants in the United States. St. Augustine, Fla.-based NTE Energy announced last week its plans to develop, own and operate the power plant, which is expected to provide numerous benefits to…

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Port Authority Receives $400,000 Grant from Duke Energy to Revitalize Cincinnati Neighborhoods

Port Authority Receives $400,000 Grant from Duke Energy to Revitalize Cincinnati Neighborhoods

Duke Energy, the largest electric power holding company in the United States, has recently awarded a $400,000 grant to the Port of Greater Cincinnati Development Authority, to help redevelop the Bond Hill, Roselawn and Queensgate areas. The money will be used to create development-ready sites that will ultimately bring new…

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Demand for Greater Cincinnati Industrial Space Strongest Since 2005

Demand for Greater Cincinnati Industrial Space Strongest Since 2005

2013 has been an excellent year for the Cincinnati industrial market. As companies snatched up more and more space, rents increased and vacancies dropped, reaching pre-recession levels.…

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Cincinnati Seeks Brownfield Fund Grant for Brewery X Redevelopment Project

Cincinnati Seeks Brownfield Fund Grant for Brewery X Redevelopment Project

Cincinnati Beer Week is less than a month away. It’s scheduled to start on February 6 but real beer fans will be able to get into the spirit of the event even sooner. On January 27, a public meeting will be held at The Brew House to discuss the city…

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Christ Hospital Opens P1 Garage as Part of $265M Campus Expansion Project

Christ Hospital Opens P1 Garage as Part of $265M Campus Expansion Project

Christ Hospital has opened its new visitor garage on December 24. Called the P1 garage, it is part of a larger, $265 million campus expansion project. It will be the primary parking location for patients and visitors coming to the hospital.…

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Investor Duo Buys Former SuperValu Warehouse in Xenia

Investor Duo Buys Former SuperValu Warehouse in Xenia

Developers Stuart Lichter of Industrial Real Estate Group and Chris Semarjian of Industrial Commerce Limited have teamed up to acquire, develop and manage commercial and industrial real estate throughout the United States and are well-known for their ability to purchase large scale facilities and repurpose them for new tenants. This…

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Cincinnati’s Garfield Suites Hotel Changes Hands

Cincinnati’s Garfield Suites Hotel Changes Hands

CBRE Hotels has announced last week the sale of Cincinnati’s Garfield Suites Hotel. Cincinnati Lodging Associates, a joint venture of Sun Development, Hotel Capital and Silver Rock, it the property’s new owner. It plans to convert the all-suite hotel into a DoubleTree Suites.…

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