Sunday, August 24, 2003

Commercial Real Estate



Projects

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

• Cincinnati Preservation Association. Site: 2617 Gilbert Ave. Purpose: Alteration. Contractor: To be determined. 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 values of $200,000 or more (data collected by First American Real Estate Solutions, publisher of the Pace Report, from county records):

• 111 Garfield Place, downtown, 45202. Use: Apartment building. Price: $5,700,000. Buyer: Garfield Associates LLC. Seller: Garfield Tower Associates Limited.

• 4650 Galbraith Road, Sycamore Township, 45236. Use: Apartment building. Price: $5,100,000. Buyer: Carriage Court of Kenwood LLC. Seller: Circle Housing Limited Partnership.

• 143 W. McMillan St., Corryville, 45219. Use: Apartment building. Price: $1,350,000. Buyer: Daniel A. Schimberg, trustee. Seller: Stephen W. Fohlen.

• Eastgate Square Drive, Union Township, 45255. Use: Commercial vacant land. Price: $1,023,812. Buyer: Wal-Mart Real Estate Business. Seller: Jackson Center Assts LP.

• 680 Northland Blvd., Forest Park, 45240. Use: Office building. Price: $626,000. Buyer: Great Miami Real Estate LLC. Seller: Joe W. Hiatt, trustee.

• Olympic Blvd., Erlanger/Elsmere, 41018. Use: Commercial vacant land. Price: $600,000. Buyer: Blum Novotest GMBH. Seller: Key Property Development I LLC.

• 411 Oak St, Corryville, 45219. Use: Medical/clinic/office. Price: $512,500. Buyer: Eber Associates. Seller: Parker J. Lillie.

• Union Centre Blvd., West Chester Township, 45069. Use: Commercial vacant land. Price: $425,000. Buyer: Blue Sky Investors LLC. Seller: Schumacher Dugan Construction.

• 2443 Maplewood Ave., Corryville, 45219. Use: Apartment building. Price: $341,000. Buyer: Elliott Real Estate LLC. Seller: Cedco Enterprises Inc.

• 7878 Sequoia Court, Colerain Township, 45239. Use: Apartment building. Price: $315,000. Buyer: Woeste Brothers Properties Limited. Seller: David J. Overbeck.

• 1001 Parkside Place, Mount Adams, 45202. Use: Apartment building. Price: $310,000. Buyer: Grandin Properties Limited. Seller: Thomas F. Yacchari est.

• 1722 Main St., Mount Auburn 45202. Use: Apartment building. Price: $305,000. Buyer: Pencil Dart LLC. Seller: Karen Apartment Co.

• 4914 Glenway Ave., West Price Hill, 45238. Use: Restaurant/cafe/bar. Price: $302,500. Buyer: Esmine Beltsos, trustee. Seller: Aristide Belfiore, trustee.

• 1531 S. Breiel Blvd., Middletown, 45044. Use: Commercial condominiums. Price: $276,000. Buyer: Luther T. and Marilyn J. Colliver. Seller: Debord Builders Inc.

• 7306 Harrison Ave., Colerain Township, 45247. Use: Retail store. Price: $275,000. Buyer: JAJ Investments LLC. Seller: James Engel.

• 6393 Cambridge Ave., Mount Washington, 45230. Use: Apartment building. Price: $250,000. Buyer: Clarice Hoffer and Victor C. Caldwell. Seller: Jack Kleiber.

• 3328 Jefferson Ave., Clifton, 45220. Use: Commercial vacant land. Price: $245,000. Buyer: New Life Properties Inc. Seller: University Heights Community Urban Redevelopment Corp.

• 10235 Colerain Ave., Colerain Township, 45251. Use: Discount store. Price: $236,300. Buyer: FPRO/130 LLC. Seller: CBREI 1031Fort 1 LLC.

• 404 Reading Road, Mount Auburn, 45202. Use: Apartment building. Price: $225,000. Buyer: Urban Legacy LLC. Seller: Grandview Partners Inc.

• 11401 Deerfield Road, Blue Ash, 45242. Use: Industrial warehouse. Price: $222,000. Buyer: Kavouras Realty LLC. Seller: Donald A. Molloy.

• 1928 Bigelow St., Corryville, 45219. Use: Apartment building. Price: $220,000. Buyer: Scott Lowery. Seller: Kanu Investments.

• 423 Russell St., Covington, 41011. Use: Apartment building. Price: $220,000. Buyer: Patricia M. Miller. Seller: Thomas C. Spinelli.

• 2401 Bobmeyer Road, Fairfield, 45014. Use: Commercial warehouse. Price: $215,000. Buyer: AY & Sharon Mills. Seller: Joan L. Gosmeyer.

• 2820 Eden Ave., Corryville, 45219. Use: Apartment building. Price: $210,000. Buyer: Steve R. and Linda D. Wang. Seller: JFP Properties Limited.

• 601 Overton St., Newport, 41071. Use: Commercial structures. Price: $210,000. Buyer: Latham Rental Properties LLC. Seller: L&M Properties Limited Co.

• 5468 Taylor Mill Road, Covington, 41015. Use: Commercial structures. Price: $200,000. Buyer: Ale Ari LLC. Seller: John B. David.




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Decorating dorms is big deal
Rates up, so loans down
Business Meetings This Week
Commercial Real Estate Projects & Transfers
Bankruptcies

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