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Construction Projects to Create 170 New Jobs

Construction Projects to Create 170 New Jobs

By Adrian Maties, Associate Editor At the beginning of the year, Rough Brothers Inc., a greenhouse design and manufacturing firm, started looking for new space to relocate its headquarters from Vine Street, in St. Bernard, and expand its operations. The search is now over. The company recently agreed to purchase…

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New Owner Plans to Resume Work on Kenwood Towne Place

New Owner Plans to Resume Work on Kenwood Towne Place

By Adrian Maties, Associate Editor Phillips Edison Strategic Investment Fund II L.L.C. recently announced it has agreed to buy Kenwood Towne Place from a lending group led by Bank of America. The deal represents the third acquisition for Strategic Investment Fund II. Phillips Edison established the fund to focus on…

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White Castle to Build Plant in Vandalia; Cengage Renews Lease in Northern Kentucky

White Castle to Build Plant in Vandalia; Cengage Renews Lease in Northern Kentucky

By Adrian Maties, Associate Editor Columbus-based White Castle broke ground last week on a new food processing plant in Vandalia, near the Dayton International Airport. Gov. John Kasich, White Castle CEO E. W. “Bill” Ingram III and Vandalia city officials attended the groundbreaking ceremony. The new 75,000-square-foot plant will be…

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Launch Planned for $65M Miamisburg Business Park

Launch Planned for  $65M Miamisburg Business Park

By Adrian Maties, Associate Editor According to a recent report from Cassidy Turley, the office vacancy rate in the Dayton area dropped from 27.8% at the end of 2011 to 26.1% in the first half of 2012. While the improvement from quarter to quarter is relatively modest, the trend is…

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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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