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Phillips Edison's $6.3B Merger With Its REIT to Expand Access to Capital Markets
Crosscreek Village in St. Cloud, FL, acquired by Phillips Edison Grocery Center REIT II in 2016.The proposed $6.3 billion merger of Phillips Edison & Co., one of the largest owners and operators of grocery-anchored shopping centers across the U.S., and...

North American Properties Secures Permanent Financing of $31M for Encore Apts.
The 133-unit Encore Apts. at 716 Sycamore St. in Cincinnati North American Properties, a local full-service developer, secured $31 million in permanent financing for Encore Apts., a 133-unit multifamily complex in Cincinnati. “This is one of the...

Downlite Takes 55,000-SF Warehouse in Cincinnati
The 54,966-square-foot warehouse at 2881 E. Sharon Rd. in Cincinnati Downlite, a bedding designer and retailer that was launched in 1983, signed a 54,966-square-foot lease at Imbus Enterprises LTD Part’s single-tenant industrial building in Cincinnati...

Sears Adds Another 10 Unprofitable Stores to September Closing List; Tally Now Stands at 78
The 100-store closing process for Sears and Kmart stores is moving into full throttle as parent company Sears Holdings announced late last week that 10 more would join the list of stores to be shuttered by September. As of now, 78 stores have been...

Wilson Investment Properties Pays $4.9M for Ind. Portfolio Near Cincinnati
The 7,000-square-foot warehouse at 7705 Foundation Dr. in Florence, KY Saratoga, CA-based Wilson Investment Properties, a syndicator of commercial & multifamily investment properties, purchased a five-building industrial portfolio totaling 100,656...

Duke Realty Breaks Ground on 285,000-SF Spec Warehouse Near Cincinnati
Rendering of the 284,865-square-foot speculative warehouse at 7940 Seward Rd. in Fairfield, OHCredit: Duke Realty Duke Realty Corp. broke ground on Fairfield Logistics Center 7940, a 284,865-square-foot warehouse in Fairfield, OH. The speculative...

Dayton Office Fundamentals Going Strong
The Class A 339,896-square-foot Fifth Third Center office tower at 1 S. Main St. in Dayton, OH With office-using employment close to its pre-recession peak, positive job growth and unemployment rate on par with the U.S. average, the median household...

United Air Specialists Sells 153,000-SF Vacant Manufacturing Facility in Blue Ash
The 153,000-square-foot vacant manufacturing building at 4440 Creek Rd. in Blue Ash, OH A local private investor purchased a vacant 153,000-square-foot manufacturing building in Blue Ash, OH from United Air Specialists for an undisclosed price. Spanning...

Holiday Retirement Secures $65M Loan to Recap New England Club, The Renaissance
The 253-unit New England Club at 8135 Beechmont Ave. in Cincinnati Dallas-based Holiday Retirement secured $65 million in financing to recapitalize two senior housing facilities it owns and operates in Cincinnati and Austin. Capital One provided...

Enterprise Takes 33,000 SF at McAuley Place Near Cincinnati
Ayers Asset Management’s Class A, 177,540-square-foot McAuley Place office building in Blue Ash, OH Headquartered in St. Louis, Enterprise Holdings, the parent company of Enterprise Rent-A-Car, National Car Rental and Alamo Rent a Car, signed a 32...

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