Sunday, February 9, 2003

Commercial Real Estate Projects & Transfers



Projects

The most expensive commercial construction projects or renovations, based on dollar values ($200,000 and up) of building permits issued in Cincinnati and Hamilton County:

Frisch's Restaurant Inc. Site: 3300 Parkcrest Lane. Purpose: New building. Contractor: To be determined. Cost: $700,000.

City of Cincinnati. Site: 5417 Colerain Ave. Purpose: Miscellaneous structure. Contractor: Spectrum Tower Tech. Cost: $400,000.

Transfers

The most expensive commercial property transfers in Hamilton, Clermont, Butler and Warren counties in Ohio; and Boone, Kenton and Campbell counties in Kentucky, based on dollar values of $200,000 or more (data collected by First American Real Estate Solutions, publisher of the Pace Report, from county records):

1717 Saint Rita Lane, Evendale, 45215. Use: Motels and tourist cabin. Price: $2,150,000. Buyer: Kaison Hotel Co. Seller: CPPY Inc.

Jaygee Drive, Franklin, 45005. Use: Industrial vacant land. Price: $1,750,000. Buyer: Podco Morris Associates. Seller: MPH Crane Inc.

885 Ohio 28, Miami Township, 45150. Use: Retail structure. Price: $1,405,000. Buyer: DJ Gams LLC. Seller: Payless Cashways Inc.

3080 McHenry Ave., Westwood/East Westwood, 45211. Use: Apartment building. Price: $1,060,000. Buyer: Harry J. and Shirley A. Lehman Jr. Seller: Premiere Properties Limited Partnership.

7809 Laurel Ave., Madeira, 45243. Use: Commercial condominiums. Price: $810,000. Buyer: BBH Group. Seller: Jansyl Inc.

11711 Lebanon Road, Sharonville, 45241. Use: Retail structure. Price: $600,000. Buyer: Alan M. Romick. Seller: Industrial Environments LLC.

2531 Dixie Highway, Fort Mitchell, 41017. Use: Apartment building. Price: $575,000. Buyer: St. James Properties LLC. Seller: Robert G. Dickman.

Mosler Ave., Hamilton, 45011. Use: Commercial vacant land. Price: $420,000. Buyer: Clayton Weaver Trucking Inc. Seller: J&J Tire Distributors Inc.

5127 Delhi Ave., Delhi Township, 45238. Use: Retail store. Price: $400,000. Buyer: REC Realty LLC. Seller: John Anevski, trustee.

1341 Walnut St., Mount Adams/downtown, 45202. Use: Apartment building. Price: $379,500. Buyer: OTR/Walnut Housing Limited. Seller: Walnut Apartments Limited.

5564 Colerain Ave., Groesbeck, 45239. Use: Drive-in, fast food. Price: $330,000. Buyer: Bholashankar Inc. Seller: United Dairy Farmers Inc.

10948 Reading Road, Sharonville, 45241. Use: Office building. Price: $305,000. Buyer: Sharonville Executive Center LLC. Seller: Charles W. Page.

4835 Delhi Ave., Delhi Township, 45238. Use: Retail store. Price: $265,000. Buyer: Bernard A. Rapien and Joseph L. Super. Seller: Fifth Third Bank, trustee.

2 Port Union Road, Fairfield City, 45011. Use: Light manufacturing and assembly. Price: $260,000. Buyer: Marian L. Broerman. Seller: Barbara T. Roberts, trustee.

28 Mercer St., Mount Adams/downtown, 45202. Use: Apartment building. Price: $253,000. Buyer: OTR/Walnut Housing Limited. Seller: Northwest Apartments Limited.

6423 Montgomery Road, Pleasant Ridge/Kennedy Heights, 45213. Use: Apartment building. Price: $232,000. Buyer: Slankersville Properties LLC. Seller: Montgomery Road Limited.

132 W. Court St., downtown, 45202. Use: Apartment building. Price: $214,100. Buyer: Glenn N. Callaway. Seller: Kendall VanDiver.

44 Circle Drive, Florence, 41042. Use: Apartment building. Price: $210,000. Buyer: John and Cynthia A. Armstrong. Seller: Emma C. Parker.

5569 Kirby Ave., Groesbeck, 45239. Use: Office building. Price: $200,000. Buyer: Blue Flamingo LLC. Seller: SESI Properties Limited.




LOCAL BUSINESS NEWS
SEC says trader took investors' money, lived large
East End eyes development warily
5/3 anxiously awaits end of federal inquiry
Dig a bit to find gold in reports
Business Meetings This Week
Commercial Real Estate Projects & Transfers
Bankruptcies

SMALL BUSINESS
Couple learn about business by buying one
Unpaid bills bane of small business
'Death tax' has bad reputation
Business Notebook

NATIONAL BUSINESS NEWS
Parallels with '91 fade fast
Amnesty for returning shuttle debris ends