Sunday, May 4, 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: Foundation. Contractor: Turner Construction Co. Inc. Cost: $1,250,000.

Anchor & Associates. Site: 3186 Harrison Ave. Purpose: New building. Contractor: Reece-Campbell. Cost: $766,000.

Archdiocese of Cincinnati. Site: 927 Ellison Ave. Purpose: Alteration. Contractor: Geiler Co. Cost: $384,000.

Tri-Health Good Samaritan Hospital. Site: 375 Dixmyth Ave. Purpose: Alteration. Contractor: R.J. Beischel. Cost: $337,000.

Procter & Gamble Co. Site: 426 E. Fifth St., downtown. Purpose: Alteration. Contractor: To be determined. Cost: $225,000.

Cincinnati Children's Hospital Medical Center. Site: 2817 Winslow Ave. Purpose: Alteration. Contractor: Messer Construction Co. Cost: $200,000.

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):

• 512-526 W. Crescentville Road, West Chester Township, 45246. Use: Industrial warehouse. Price: $3,050,000. Buyer: Industrial Fund I LLC. Seller: AMB Property 1 P.

• 29 Main St., Amelia, 45150. Use: Apartment building. Price: $2,750,000. Buyer: Dil Sun Ventures LLC & LGR Properties Ltd. Seller: Pritchard Brothers LLC.

• 6601 Beechmont Ave., Mount Washington, 45230. Use: Apartment building. Price: $2,500,000. Buyer: Mac Real Estate Holdings LLC. Seller: Pritchard Brothers LLC

• 5164 Hillside Ave., Delhi Township, 45233. Use: Apartment building. Price: $2,066,800. Buyer: Holm Properties/Hillside Ltd. Seller: Colonial SD LLC.

• 1074 Park Lane, Middletown, 45042. Use: Apartment building. Price: $1,700,000. Buyer: H&K Olde Towne Properties. Seller: Olde Town Apartments LLC.

• 155 Commerce Blvd., Loveland, 45140. Use: Industrial vacant land. Price: $1,500,000. Buyer: 161 Commerce LLC. Seller: CUC Properties LLC.

• 4200 Taylor Road, Batavia Township, 45103. Use: Apartment building. Price: $1,030,000. Buyer: McLerrin MGMT Corp. Seller: Camp Dennison Properties.

• 8807 State Route 125, Union Township, 45245. Use: Neighborhood shopping center. Price: $675,000. Buyer: W. Russell Wilson, trustee. Seller: Herald Taft.

• 3300 Parkcrest Lane, Westwood/East Westwood, 45211. Use: Commercial vacant land. Price: $600,000. Buyer: Frisch's Restaurants Inc. Seller: Nicole S. Kidwell.




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SMALL BUSINESS ENTERPRISE
Business Notebook
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COMMERCIAL REAL ESTATE
Industry notes
Projects & Transfers

LISTS
Business Meetings This Week
Bankruptcies