Cincinnati
CBRE Cincinnati’s Mike McMillan to Represent Proposed Technology Park in Oxford
A proposed 74-acre technology park next to Miami University could transform Oxford into Ohio’s Silicon Valley. Or, as Ryan Howard, a character on the popular TV show The Office, called it, a Silicon Prairie. Recently, Mike McMillan, of CBRE Cincinnati’s Data Center Solutions Group, has been selected to represent this build-to-suit project, find tenants and help get it off the ground.
MARKET SNAPSHOT: Cincinnati Apartment Market Report
2013 was a good year for the Cincinnati apartment market, as the city experienced an increase in demand thanks to improving Cincinnati employment, income growth and a swelling millennial population.
Eagle Realty Group Hires Cassidy Turley to Lease Queen City Square in Cincinnati
Located in the heart of Cincinnati’s Central Business District, Queen City Square is the city’s premier business center, its newest and most prominent downtown development. It was constructed by Eagle Realty Group, a member of Western & Southern Financial Group, and now its owners have hired Cassidy Turley to find tenants for the remaining space in the $400 million complex.
UGN to Build $50M Plant in Monroe, Create 150 Jobs
UGN Inc., a manufacturer and supplier of auto parts, has announced last week its plans to build a $50 million facility in Monroe, Ohio. Ground breaking is scheduled to start next month, depending on the final approval of state and local incentives.
Octal Leases 130,000 SF of Industrial Space in West Chester, Opens First Plant in North America
OCTAL, a world leader in polyethylene terephthalate (PET) resin and integrated PET sheet manufacturing, is expanding its operations with the opening of its first plant in North America. The Muscat, Oman-based company has recently signed a lease for 130,720 square feet of space in the Greater Cincinnati area.
URS Capital Partners Sells Two Cincinnati-Area Apartments
URS Capital Partners, a real estate investment company based in Huntington, New York, has completed the sale of two multifamily properties in the Cincinnati area, at the end of January. The two properties are the Westshore Apartments, in Covington, and the Incline Apartments in Cincinnati’s Incline District.
Procter & Gamble Selling Sycamore Building Downtown
Another high-rise building in Cincinnati’s CBD is on the market. Last week, I wrote about the Garfield Tower, an apartment building listed for sale by CBRE. Now, Procter & Gamble is selling its office property at 299 E. Sixth Street.
Garfield Tower in CBD Goes Up for Sale
A Cincinnati apartment tower located in the heart of the city’s Central Business District is now for sale. CBRE has listed the property but did not disclose a sale price.
$500M Middletown Energy Center to Be Top Gas Power Plant
The city of Middletown, in Butler County, will be home to one of the most efficient natural gas-fired power plants in the United States. St. Augustine, Fla.-based NTE Energy announced last week its plans to develop, own and operate the power plant, which is expected to provide numerous benefits to the city, county and state economies. The massive project represents an investment of over $500 million.
Port Authority Receives $400,000 Grant from Duke Energy to Revitalize Cincinnati Neighborhoods
Duke Energy, the largest electric power holding company in the United States, has recently awarded a $400,000 grant to the Port of Greater Cincinnati Development Authority, to help redevelop the Bond Hill, Roselawn and Queensgate areas. The money will be used to create development-ready sites that will ultimately bring new investment from industrial and logistics companies, as well as new life to the Cincinnati neighborhoods.