Sunday, April 20, 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:

Cincinnati Museum Center. Site: 1301 Western Ave. Purpose: Alteration. Contractor: To be determined. Cost: $490,000.

• Cincinnati Children's Hospital Medical Center. Site: 3333 Burnet Ave. Purpose: Alteration. Contractor: Messer Construction Co. Cost: $250,000.

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):

• 401 Crescent Ave., Covington/Fort Mitchell/Fort Wright, 41011. Use: Parking garage. Price: $1,700,000. Buyer: Willies of Northern Kentucky Inc. Seller: Willies Sports Cafe Inc.

• 10235 Colerain Ave., Colerain Township, 45251. Use: Discount store. Price: $1,373,100. Buyer: FPRO 113 LLC. Seller: CBREI 1031Fort 1 LLC.

• 3277 W. State Route 22 & 3, Deerfield Township, 45140. Use: Restaurant/cafe/bar. Price: $1,275,000. Buyer: Twenty Mile Green LLC. Seller: George Demas.

• 840 E. Ninth St, Fort Mitchell, 41017. Use: Commercial structures. Price: $800,000. Buyer: Housing Authority of Newport Kentucky. Seller: Albert J. Fischer Jr.

• 493 Old Boston Road, Batavia Village, 45103. Use: Apartment building. Price: $662,000. Buyer: Indianview Holdings LLC. Seller: HT Partners Limited.

• Bardes Road, Deerfield Township, 45040. Use: Added from sales. Price: $400,000. Buyer: Atlantic Financial Group Limited. Seller: Home Depot USA Inc.

• 6211 Nickview Drive, Green Township, 45247. Use: Apartment building. Price: $400,000. Buyer: Gary L. and Kathleen Horne. Seller: Edward R. Holscher.

• 6240 Wiehe Road, Golf Manor, 45237. Use: Industrial warehouse. Price: $360,000. Buyer: Gala Investments LLC. Seller: Warm Bros. Construction Co.

• 10235 Colerain Ave., Colerain Township, 45251. Use: Discount store. Price: $354,400. Buyer: FPRO 114 LLC. Seller: CBREI 1031Fort 1 LLC.

• 3311 Warsaw Ave., Price Hill, 45205. Use: Apartment building. Price: $319,000. Buyer: Elsen Frank LLC. Seller: Jim Helton.

• 3055 Blue Rock Road, Green Township, 45239. Use: Office. Price: $268,200. Buyer: SKE Enterprises LLC. Seller: James L. Eckhoff.

• 6959 Thorndike Road, Mariemont, 45227. Use: Apartment building. Price: $205,000. Buyer: John and Patricia A. Lenhardt. Seller: Eugene L. Daugherty.

• 1852 N.W. Washington Blvd., Hamilton, 45013. Use: Apartment building. Price: $205,000. Buyer: Joseph F. and Whitney B. Oliver. Seller: James A. Stewart.




OHIO-KY. HOUSING MARKET
Average home prices rose in most neighborhoods
See how home prices in your neighborhood fared:
OhioNorthern Ky.Top 10 lists of real estate transactions
A close look at what's driving sales in popular areas:
Blue Ash: 8.4% price drop a numbers game
Florence: Most sales in N.Ky.
Harrison: New homes, old appeal
Madeira: Biggest price increase
Mason: Region's most home sales
Oakley: Area's fastest home sales

OTHER LOCAL BUSINESS NEWS
Former outlet shifts focus to the home
Beware extended warranty hard sell
Business Meetings This Week
Commercial Real Estate Projects & Transfers
Bankruptcies

SMALL-BUSINESS ENTERPRISE
Coach helps businesses stay focused
Tristate Business Notebook
Take time to tidy up finances

NATIONAL BUSINESS NEWS
Many wary of pilots with guns
Starbucks taking its lumps as a U.S. icon

SATURDAY'S BUSINESS HEADLINES
Fare war makes Indy, Dayton hot spots
AK Steel bid now second-best
DHL sees benefits in Airborne buy
DHL deal faces regulation maze
Stores need strong Easter
Tristate Summary
Patent applicants wait in long line
American Airlines dumps executive bonuses