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site selection and land development
liberty center development plans
middletown hotel closes – reyton inn
jobsohio progress
ten things planners need to know about demographics and the future real estate market
austin interchange area continues to develop
middletown premier health campus sells for $16m
dillard’s to anchor new mixed-use development
cincinnati’s office rental rates in q1 2013
patel group sells middletown ssa bldg
ohio economic trends
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1. the us population will grow by 31 percent between 2010 and 2040.
2. more than 40 percent of population growth between 2010 and 2040 will be persons aged 65 and older
3. the share of household growth claimed by ages 35-64 (the bracket traditionally seeking the most housing space) will almost be halved.
4. more than 80 percent of growth in households will be households without children.
5. more than 40 percent of growth in households will be single-person households.
6. half of all new housing demand will be for attached homes and the other half for small lot homes
7. demand for large-lot homes will decline below 2011 levels.
8. half of the growth in households will be renters.  
9. the next 30 years will bring demand for over one billion square feet of nonresidential space, or almost twice what exists now.  
10. seventy percent of new nonresidential space will be redevelopment on existing developed lots.
b
i
em jobsohio
1. the us population will grow by 31 percent between 2010 and 2040.
2. more than 40 percent of population growth between 2010 and 2040 will be persons aged 65 and older
3. the share of household growth claimed by ages 35-64 (the bracket traditionally seeking the most housing space) will almost be halved.
4. more than 80 percent of growth in households will be households without children.
5. more than 40 percent of growth in households will be single-person households.
6. half of all new housing demand will be for attached homes and the other half for small lot homes
7. demand for large-lot homes will decline below 2011 levels.
8. half of the growth in households will be renters.  
9. the next 30 years will bring demand for over one billion square feet of nonresidential space, or almost twice what exists now.  
10. seventy percent of new nonresidential space will be redevelopment on existing developed lots.
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b 0
i 0
em 11
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site selection and land development menu skip to content homeabout usour servicesproject developmentour listingsour professionalsmike robinettepete dobrozsicontact us liberty center development plans steiner + associates, the developers of liberty center, are using the highly regarded easton town center shopping center in columbus as a guide for the new $350 million lifestyle center. but liberty center, located along liberty way in butler county, will have one big advantage over its cousin to the north. whereas gathering and community spaces have formed organically at easton, beau arnason, executive vice president with steiner, said liberty center has been planned with a number of these spaces. “it’s different here because we’re planning to be a pillar of activity for the community,” arnason said. “we will program it and play more of that role.” read entire story in cincinnati business journal share this:linkedinfacebooktwitteremailprintgooglelike this:like loading... this entry was posted in liberty center on april 21, 2015 by pmrobinette. middletown hotel closes – reyton inn a hotel in middletown has closed permanently. the reyton inn in middletown, located at 6147 west s.r. 122, is now closed. the hotel is located right off middletown’s busiest interstate 75 exit, and is in a location ripe for redevelopment, said denise hamet, city of middletown economic development director. with middletown’s downtown located several miles off the highway, the city is working to fully capitalize on all of its interstate-fronting real estate to draw in visitors. hamet said she is working with the owners to devise a redevelopment plan, starting with an environmental study of the site. share this:linkedinfacebooktwitteremailprintgooglelike this:like loading... this entry was posted in middletown cre on march 29, 2014 by pmrobinette. jobsohio progress the head of jobsohio acknowledged that the state’s private economic development corporation had seen slower-than-desired growth in new jobs last year but said deals in the pipeline it has not yet completed will boost the numbers for 2014. in 2012, 21,099 new jobs were created in ohio with the agency’s help compared with 17,857 in 2013. but the agency improved its showing in terms of retained jobs – keeping 70,449 in 2013 compared with 54,633 in 2012. minor said both brand-new jobs and retained jobs are important to consider, and the agency performed better in the fourth quarter of 2013 than it did in the other three quarters and the fourth quarter of 2012. “we’ve got to make sure we protect what we have,” he said, saying that 350,000 jobs left the state prior to kasich taking office. he cited several reasons ohioans could expect jobsohio to have a better year in 2014: now in its third full year of operation, jobsohio is still building itself, minor said, comparing it to a child’s ability to crawl, walk then run. jobsohio is in the walking stage, he said. “we’re still building the culture of jobsohio,” he said. “we still have not seen the full impact of jobsohio.” the agency has deals in the pipeline that did not move forward in 2013 that should come to fruition this year. “we’re going to win more than our fair share,” minor said. the state’s financial stability is getting notice, including its $1.5 billion surplus. “it adds predictability,” he said. revenue from the state’s liquor business, from which jobsohio now reaps the profits. such funding gives the agency the “ability to look at things from a long-term basis,” minor said, unlike other state economic development agencies, which may not have a consistent and dependable revenue stream. renewed attention to bringing in new companies from outside ohio or creating new ones within the state. “we had not had a lot of focus on the new company, business creation side,” he said. minor said jobsohio was only one of the players in converting the cincinnati usa regional partnership into redi cincinnati, a ceo-focused economic development age3nct that replaces the partnership. redi cincinnati will be jobsohio’s new partner agency in the cincinnati region. “we shared with them some of the things we’ve seen that work,” minor said. “this came from the region. they recognized that they needed to make a change. there was an opportunity to make it stronger.” asked whether the change was necessary in light of a quarterly report last year showing the partnership was last in new capital investment and internal rankings showing it was fifth amongst jobsohio’s six regional economic development partners in more than 12 benchmarks in the second half of 2012, minor said jobsohio is not trying to rank each region but build on successes in each one. “those are changing constantly,” he said. share this:linkedinfacebooktwitteremailprintgooglelike this:like loading... this entry was posted in ohio news on march 29, 2014 by pmrobinette. ten things planners need to know about demographics and the future real estate market 1. the us population will grow by 31 percent between 2010 and 2040.  in 2010, our population stood at about 308 million people.  by 2040, we will be at about 406 million. 2. more than 40 percent of population growth between 2010 and 2040 will be persons aged 65 and older.  on 2010, ages 65 and older claimed 40 million people, or 13 percent of total population.  by 2040, the share of seniors will be 81 million, or 20 percent of the total. 3. the share of household growth claimed by ages 35-64 (the bracket traditionally seeking the most housing space) will almost be halved.  from 1990 to 2010, 65 percent of household growth consisted of persons aged 35 to 64.  between 2010 and 2040, only 35 percent of household growth will comprise persons in that age bracket. 4. more than 80 percent of growth in households will be households without children.  this makes sense given that the baby boomers, the largest generation in american history, are now empty nesters; people are living longer; and the millennial generation is, for the most part, not having children yet. 5. more than 40 percent of growth in households will be single-person households. 6. half of all new housing demand will be for attached homes and the other half for small lot homes.  this is another reversal from past preferences. 7. demand for large-lot homes will decline below 2011 levels.  at first blush, this statement seems shocking.  but, on further consideration, it isn’t, given that nelson isn’t saying that demand will dry up.  he’s basically saying that this isn’t the part of the market that will experience growth.  demand for large lots will continue, but it won’t be as high as before.  this could portend more mortgages under water for those who have invested in large-lot homes. 8. half of the growth in households will be renters.  the home ownership rate has been declining since 2004. 9. the next 30 years will bring demand for over one billion square feet of nonresidential space, or almost twice what exists now.  that is a bit scary to contemplate, until one considers nelson’s next point: 10. seventy percent of new nonresidential space will be redevelopment on existing developed lots.  in fact, nelson says that, if the density of new development were increased (from an average floor-area ratio of 0.2 to 0.5), all new nonresidential and attached residential demand could be met on existing parking lots.  that’s a pretty amazing statement.  (a floor-area ratio of 0.5 means that a one-story building would occupy half its lot; a two-story building would occupy one fourth of its lot; and so on.  large surface parking lots are the biggest cause of low floor-area ratios.) redevelopment opportunities arise much more frequently on aging commercial building sites than on residential sites, because of the much shorter average life spans of commercial buildings, especially retail. share this:linkedinfacebooktwitteremailprintgooglelike this:like loading... this entry was posted in economic indicators on march 19, 2014 by pmrobinette. austin interchange area continues to develop austin landing is getting closer to the opening of its first restaurant, and has several more tenants in the works. walls are finally going up for a wave of retailers scheduled to hit austin landing this fall, and for south dayton commuters who drive past the project each day, we have a guide to what you’re seeing. rg properties has begun construction on the spaces for about half its confirmed tenants —tj maxx, homegoods, jack’s pets, panera bread and bj’s restaurant & brewhouse — and on a building for which none of the tenants have been announced. the new construction is all concentrated in the southeast corner of the 142-acre development, bordered by austin landing boulevard on the west, innovation drive on the north, state route 741 on the east, and austin boulevard on the south. the largest building under construction is a 57,400-square-foot building next door to the kohl’s that will house tj maxx and homegoods in a 45,000-square-foot space, and jack’s pets will take up about 5,000 square feet. the leftover 7,400 square feet will be divided into two or three tenant spaces. construction is scheduled to be completed in time for an october opening of the stores. the next largest space, and currently just a wooden frame, will become an 8,500-square-foot bj’s restaurant & brewhouse. bj’s fronts austin landing boulevard, and is also looking to open in october. along innovation drive, permits have been approved by miami township for an 8,300-square-foot building that would house three or four tenants. . finally, a 4,000-square-foot brick building is underway near the corner of austin landing boulevard and innovation drive, which will house the panera bread. panera will likely be the first of the new stores to open, and will be the development’s first stand-alone restaurant. the remaining confirmed tenants for which construction has not started are rue dumaine and its new sister restaurant alligator annie’s, a second location of the dublin pub, a five guys burgers & fries, and a regal entertainment 14-screen theater. share this:linkedinfacebooktwitteremailprintgooglelike this:like loading... this entry was posted in dayton region on june 10, 2013 by pmrobinette. middletown premier health campus sells for $16m a recently established partnership between dallas-based medproperties holdings llc and equity, inc. of columbus, oh acquired the atrium medical center medical building located in franklin, oh. ge capital provided debt financing for the transaction. the five-story medical office building at 200 medical center drive, is one of nine buildings that have been built on a 200-acre hospital campus, which opened in 2007. lee jackson, senior vice president of healthcare transactions and acquisitions for equity, said the the 103,000-square-foot mob is connected to the hospital on four levels, and includes a number of hospital services, including cardiac rehabilitation, the wilbur & mary jean cohen women’s center and physician education facilities. the building also houses physician office suites, a retail pharmacy and hospital administrative offices. share this:linkedinfacebooktwitteremailprintgooglelike this:like loading... this entry was posted in middletown cre on june 6, 2013 by pmrobinette. dillard’s to anchor new mixed-use development the first phase of the mixed-use development at liberty center will include an approximately 200,000-square-foot dillard’s department store, according to co-developer steiner + associates. the first phase of the project will include 1.1 million square feet of retail, office and residential space. liberty center is located off of i-75 between butler county veteran’s highway and liberty rd. plans indicate that the developers plan to open the first phase by september 2015. steiner + associates is co-developing this project with bucksbaum retail properties. share this:linkedinfacebooktwitteremailprintgooglelike this:like loading... this entry was posted in cincinnati region on may 16, 2013 by pmrobinette. cincinnati’s office rental rates in q1 2013 the average quoted asking rental rate for available office space, all classes, was $15.08 per square foot per year at the end of the first quarter 2013 in the cincinnati market area. this represented a less than 1% decrease in quoted rental rates from the end of the fourth quarter 2012, when rents were reported at $15.21 per square foot. the average quoted rate within the class a sector was $18.11 per square foot at the end of the first quarter 2013, while class b rates stood at $14.48 per square foot and class c rates at $11.77 per square foot. at the end of the fourth quarter 2012, class a rates were $17.75 per square foot, class b rates were $14.59, and class c rates were $12.25. the average quoted asking rental rate in cincinnati’s cbd was $16.75 at the end of the first quarter 2013, and $14.48 in the suburban markets. in the fourth quarter 2012, quoted rates were $15.97 in the cbd and $14.97 in the suburbs. share this:linkedinfacebooktwitteremailprintgooglelike this:like loading... this entry was posted in cincinnati region on may 9, 2013 by pmrobinette. patel group sells middletown ssa bldg an individual investor acquired the 9,000 sf middletown ssa building at 3715 towne blvd. in middletown, oh from patel group for $2.2 million, or about $259 per square foot. the office building delivered in 2011 in close proximity to the towne mall complex. the middletown ssa building is fully leased by the gsa on a long-term, triple-net lease. share this:linkedinfacebooktwitteremailprintgooglelike this:like loading... this entry was posted in middletown cre on may 9, 2013 by pmrobinette. ohio economic trends each of ohio’s nine target industries added employment in 2012 and five of the nine sectors posted job growth far stronger than ohio’s overall job growth of 1.8% during the year. target industry job gains were led by ohio’s biohealth sector, which mostly comprises pharmaceutical and medical equipment manufacturing, posting 14.1% year-over-year growth in the fourth quarter of 2012. the energy sector also saw strong gains, due in large part to the development of ohio’s shale gas reserves. what is especially impressive about the job gains in the biohealth and energy sectors is that these are two target industries where ohio is only beginning to develop a competitive cluster—as gauged by the state’s location quotient. ohiotrends_march2013 share this:linkedinfacebooktwitteremailprintgooglelike this:like loading... this entry was posted in economic indicators on march 8, 2013 by pmrobinette. post navigation ← older posts search for: useful links tenants link owners link featured listing commercial real estatetodhunter road commercial real estate news and information liberty center development plans middletown hotel closes – reyton inn jobsohio progress ten things planners need to know about demographics and the future real estate market austin interchange area continues to develop middletown premier health campus sells for $16m dillard’s to anchor new mixed-use development cincinnati’s office rental rates in q1 2013 patel group sells middletown ssa bldg ohio economic trends dayton region – hot and ready! ohio leading indicators – december 2012 geo cre announcement site selection magazine ohio profile the uselessness of economic development incentives categories cincinnati region dayton region development incentives economic indicators geo cre news liberty center middletown cre ohio news proudly powered by wordpress send to email address your name your email address cancel post was not sent - check your email addresses! email check failed, please try again sorry, your blog cannot share posts by email. %d bloggers like this:


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