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Here’s what you missed this week

Hamilton County taps real estate experts for $53 million crime lab http://www.bizjournals.com/cincinnati/news/2017/01/23/hamilton-county-taps-real-estate-experts-for-53.html Hamilton County has tapped Cushman & Wakefield to help develop and build a new crime lab. Hamilton County Administrator Jeff Aluotto said the county is working with Cushman & Wakefield’s office tenant advisory group as a real estate consultant. The team is assisting with due diligence, site possibilities, constructibility analysis and supplementing the county’s staff where needed as well as overseeing the design and build process. The current crime lab and morgue is located at 3159 Eden Ave. in Corryville. That facility is cramped and outdated. At one point, the county studied moving the crime lab and morgue to the former Mercy Health Hospital in Mount Airy but decided the facility would be too expensive to renovate and maintain. The county is focused on a property in Blue Ash for the new facility at this point, an 11-acre [...]

2017-01-27T15:38:49+00:00January 27th, 2017|

Downtown Cincinnati office building to become hotel

A Tennessee-based hotel company purchased a downtown Cincinnati office building with plans to convert it into a hotel. Vision Hospitality Group purchased the Jeweler’s Exchange Building, located just west of Macy’s Inc.’s headquarters at 37 W. Seventh St., for $2.4 million. Drew Hibbard, vice president of finance and investments for Vision Hospitality, said the company is still finalizing its plan for the 60,000-square-foot building but it expects to convert it to a hotel. Jim O’Connell, Don Murphy and Mike Sullivan of Cushman & Wakefield represented the seller, Fifty-One Co. Ltd., in the sale. Sullivan, senior vice president with Cushman & Wakefield, said the sale is another example of older class B and C office buildings being converted to a new use. “Interest in downtown Cincinnati remains high,” Sullivan told me. Click Here to Read More

2017-01-20T15:49:57+00:00January 20th, 2017|

Hank Davis Joins Cushman & Wakefield’s Capital Markets Team in Cincinnati

CINCINNATI, July 8, 2016 – Cushman & Wakefield announced today that Hank Davis has joined the firm as an Investment Sales Broker focusing on the sale of retail properties in Cincinnati. He will partner with the Capital Markets team of Tom Powers, Jim O’Connell and Mike Sullivan. Mr. Powers, Mr. O'Connell and Mr. Sullivan have been consistent market leaders in the sale of office and industrial properties with $7.4 billion in closed transactions over the course of their 25-year partnership and over $700 million closed in the past two years. Click Here to Read More

2016-07-26T15:44:26+00:00July 8th, 2016|

3.8 MSF of New Construction Drives Cincinnati Industrial Market

Office Market Sees Lowest Vacancy Rate since 2009, Reports Cushman & Wakefield  CINCINNATI, July 7, 2016 – Cushman & Wakefield announced today that the Cincinnati industrial market continued its strong performance in the second quarter, and has now posted 20 consecutive quarters of positive net absorption. “The big question in Cincinnati real estate through the end of the year is whether major occupiers will materialize for the nearly 2.5 million square feet of bulk industrial space scheduled to be completed,” said Doug Bolton, Managing Principal for Cushman & Wakefield in Cincinnati-Dayton. “Short of some major new-to-town occupiers, the industrial vacancy rate and absorption numbers may turn slightly softer for the first time in at least five years. But there is as good of a chance that absorption remains strong and on pace.” Click Here to Read More

2016-07-26T15:46:31+00:00July 7th, 2016|

Cushman & Wakefield Names North America’s Top 15 “Cool Streets”

Over-the-Rhine in Cincinnati on Inaugural Report’s List of Hottest Urban Retail Markets CINCINNATI, June 27, 2016 – A new breed of urban, experiential, and independent mid-market retailers catering to millennial consumers has led to the rise of 100 “Cool Streets” across the U.S. and Canada, according to an inaugural report released today by global real estate services firm Cushman & Wakefield. The firm’s first-ever Cool Streets of North America report (click here to download) explores the phenomena behind the rise of dozens of new, edgy retail districts across the U.S. and Canada. While some of these areas featured in the report are longstanding bohemian enclaves and focal points for local arts, music, or LGBT communities, the renaissance in nearly all of the Cool Streets has been driven by an explosion of unconventional new retail concepts. Click Here to Read More

2018-05-14T16:22:59+00:00June 27th, 2016|

Offices, retail 100 percent leased at Downtown Cincinnati’s @580

CINCINNATI, April 13, 2016 – Cushman & Wakefield announced today that all of the office and retail space in @580, located at 580 Walnut St. in downtown Cincinnati, has been leased. “The vision for the historic re-making of this iconic building is close to being realized,” said Doug Bolton, market leader for Cushman & Wakefield’s Cincinnati and Dayton region. “Our leasing team – retail experts Andrew Sellet and Terry Ohnmeis and office agency leasing expert Joe Janszen – took this assignment seriously, and delivered like no others who have worked on this property before.” Click Here to Read More

2016-07-26T15:51:14+00:00April 13th, 2016|

Fundamentals for Greater Cincinnati Office Market Stronger than Ever

Cushman & Wakefield Reports 417,000 SF of Positive Absorption in First Quarter  CINCINNATI, April 4, 2016 – Cushman & Wakefield announced today that Greater Cincinnati’s office market positively absorbed 417,000 square feet in the first quarter of 2016, pushing the four-quarter trailing average absorption level to 290,000 square feet, a 29 percent increase from the prior quarter. The four-quarter trailing average has increased from less than 10,000 square feet of absorption in the third quarter of 2014 to its highest level since before the recession. No such string of increases has occurred since before the recession’s start in 2009. Click Here to Read More

2016-07-26T16:28:25+00:00April 4th, 2016|

Manufacturers’ Expansions Strengthen Dayton, Ohio, Industrial Market

441,000 SF of Positive Absorption Recorded in Q1, According to Cushman & Wakefield DAYTON, OHIO, April 4, 2016 – Cushman & Wakefield announced today that absorption of industrial space in Dayton, Ohio, continues to be strong, thanks to expansions of core and upstart manufacturers. Six expansion projects by those firms led to 441,000 square feet of absorption in the first quarter of 2016, the highest first quarter total in at least five years. Additionally, the Dayton industrial market reached another milestone, recording its 12th consecutive quarterly vacancy rate reduction. Click Here to Read More

2016-07-26T16:17:52+00:00April 4th, 2016|

Greater Cincinnati Industrial Market Absorbs 774,000 SF in Q1 2016

Record 4.6 MSF Under Construction, According to Cushman & Wakefield  CINCINNATI, April 4, 2016 – Cushman & Wakefield announced today that positive net absorption for the Greater Cincinnati industrial market totaled 774,000 square feet in the first quarter of 2016, down from the more than 1 million feet of net absorption recorded in each of the past four consecutive quarters. Net absorption would have been above 1 million square feet in the quarter had it not been for six 50,000-square-foot or more vacancies that occurred during the first quarter. Click Here to Read More

2016-07-26T15:53:35+00:00April 4th, 2016|

Abundance of Space Remains in Dayton, Ohio, Office Market

Positive Absorption of 41,000 SF Makes Slight Dent in Q1, Reports Cushman & Wakefield DAYTON, OHIO, March 31, 2016 – Cushman & Wakefield announced today that the Dayton, Ohio, office market saw nearly 34,000 square feet of positive absorption in the first quarter, down slightly from 41,000 square feet in the first quarter of 2015 but better than the 11,000 square feet seen in the first quarter of 2014. “Despite improvements, there is still an abundant amount of office space available, and fortunately, little new construction is underway or being planned for the market,” said Doug Bolton, Market Leader for Cushman & Wakefield’s Cincinnati and Dayton offices. Click Here to Read More

2016-07-26T16:28:36+00:00March 31st, 2016|