Sunday, February 23, 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 recently in Cincinnati and Hamilton County:

Scripps Howard Broadcasting. Site: 1720 Gilbert Ave. Purpose: Retaining wall. Contractor: Turner Construction. Cost: $344,000.

Transfers

The most expensive commercial property transfers recorded recently 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):

• 8015 Dixon Drive, Florence, 41042. Use: Industrial warehouse. Price: $3,000,000. Buyer: Crane Co. Seller: Lasco Composites LP.

• 2401 Madison Ave., Covington, 41014. Use: Commercial vacant land. Price: $950,809. Buyer: Jade Holdings LLC. Seller: Regency Realty Group Inc.

• 5890 Shadymist Lane, Groesbeck, 45239. Use: Apartment building. Price: $895,000. Buyer: Shady Mist Apartments LLC. Seller: Shady Mist Realty LLC.

• 1603 Springfield Pike, Wyoming, 45215. Use: Office building. Price: $740,000. Buyer: Fifth Third Bank. Seller: Western and Southern Life Insurance Co.

• 1401 Reading Road, Mount Adams-downtown, 45202. Use: Retail/storage. Price: $670,000. Buyer: WBD Design Center Inc. Seller: WB Distributors Inc.

• 7619 Production Drive, Roselawn, 45237. Use: County specific. Price: $650,000. Buyer: Frank G. Wood II, trustee. Seller: Production Drive Properties Inc.

• 367 Hampshire Court, Hamilton, 45011. Use: Apartment building. Price: $610,000. Buyer: Robert L. Berger. Seller: Ila Mehta.

• 1500 Magnolia Drive, Lincoln Heights, 45215. Use: Industrial warehouse. Price: $430,000. Buyer: Industrial Environments LLC. Seller: Richard A. Brunemann.

• 500 N. Broad St., Middletown, 45042. Use: Light manufacturing and assembly. Price: $400,000. Buyer: Great Miami Real Estate LLC. Seller: Orman Enterprises Inc.

• 1615 State Route 131, Miami Township, 45150. Use: Machine tool shop. Price: $375,000. Buyer: PCI Membrane Systems Inc. Seller: Hydro-Aerobics Inc.

• 3207 Dixie Highway, Fort Mitchell, 41017. Use: Commercial structures. Price: $300,000. Buyer: Leon Inc. Seller: Esther A. Lageman, trustee.

• 18 Miami Ave., Cleves, 45002. Use: Commercial structures. Price: $275,000. Buyer: O'Culls Rentals LLC. Seller: Shirley Sexton, trustee.

• 18 Miami Ave., Cleves, 45002. Use: Commercial vacant land. Price: $250,000. Buyer: O'Culls Rentals LLC. Seller: Shirley Sexton, trustee.

• 1806 N. Marshall Road, Middletown, 45042. Use: Apartment building. Price: $215,000. Buyer: Christopher J. and Laura J. Halsey. Seller: Dallas E. Myers Enter LLC.

• 10235 Colerain Ave., Colerain Township, 45251. Use: Medical/clinic and office. Price: $206,700. Buyer: FPRO 105 LLC. Seller: CBREI 1031Fort 1 LLC.



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Commercial Real Estate Projects & Transfers
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