Cassidy Turley - Columbus News

Mall's new owner ready to make big changes

2010-12-21T12:51:00.000-08:00

Worthington Square Mall officially has a new owner, who hopes to begin renovations on the long-languishing, nearly 40-year-old property by May and complete them by November.

Click here to read the complete Columbus Dispatch story.

Local tech firm provides massive computing power

2010-11-22T07:35:00.000-08:00

Bluemile Inc. is a Columbus-based tech company that aims to become as ho-hum reliable as a utility. But first, it has to explain to clients what it does. And that isn't easy to do, co-founders Michael Marlowe and Jamie Busic acknowledge.

Click here for full Columbus Dispatch story.

Clintonville welcomes this Graffiti

2010-11-17T08:03:00.000-08:00

Graffiti is coming to Clintonville, but this time, in the form of food. Graffiti Burger is opening up its latest restaurant in south Clintonville, at 2700 N. High St., restaurant manager Matt Borth said Monday, Nov. 8.

Click here for full Suburban News story.

NWCA officials want to hear more about Family Dollar

2010-11-17T07:58:00.000-08:00

The Northwest Civic Association Nov. 3 heard an informal presentation about plans to install a Family Dollar Store at 2136 Bethel Road, the former site of Clintonville Electric. Art Morris, an architect working with Family Dollar, said the company plans to sublease and move into the 10,652 square-foot property, clean it up and give it a cosmetic makeover.

Click here for full Suburban News story.

Columbus schools plan to buy Maennerchor's buildings

2010-11-02T11:06:00.000-07:00

The fire-damaged Stewart Alternative Elementary School will grow as it is being restored if the Columbus school district buys the adjacent Columbus Maennerchor property. The district has agreed to pay $1.3 million for the Maennerchor buildings, minus two small parcels. That's a price break from the original list price of $2.4 million but slightly more than a recent appraisal at $1.05 million.

Click here for full Columbus Dispatch story.

City OKs deal for rest of Northland Mall site

2010-11-02T11:03:00.000-07:00

Now that he controls the last two pieces of the former Northland Mall site, developer Mo Dioun faces the tough task of luring retailers and other businesses to complement the other projects rising nearby.

Click here for full Columbus Dispatch story.

Kroger moving ahead with new Ohio State campus-area store

2010-11-01T06:41:00.000-07:00

Cincinnati-based Kroger Co. is moving forward with a long-planned project to build a new store on its site at the corner of High Street and Seventh Avenue, just south of Ohio State University.

Read the full Business First story here.

Taking a closer look at an old way of selling property: the commercial auction

2010-11-01T06:34:00.000-07:00

In today’s commercial real estate market, the three “T”s join the proverbial three “L”s as important elements in the sale of assets. While the old axiom of location, location and location still holds water, timing, timing and timing have become increasingly important, especially for assets that are treading water or have sunk into financial difficulties.

Read the full Midwest Real Estate News story here.

Proposed Westerville Walmart criticized, defended

2010-10-28T06:28:00.000-07:00

City officials say deliberation over the proposed Westerville Walmart is likely to take months, but it kicked off last night with an impassioned two-hour debate. Objections ranged from questions about the landscaping to an unabashed hatred of the retail chain.

Read the full Columbus Dispatch story here.

Bank Credit Freeze Shows Signs of Thawing

2010-10-28T06:25:00.000-07:00

Maybe it is time we start taking bankers at their word that commercial real estate wasn't and isn't a catastrophe waiting to happen. Maybe, just maybe, as they've been telling us for the last four consecutive quarters, there are serious risks but they are manageable and are being dealt with and disposed of.

Read the full Costar story here.

Bravo Brio's initial offering proves tasty

2010-10-22T07:56:00.000-07:00

Bravo Brio Restaurant Group Inc. shares surged 14 percent in their first day of trading, pleasing its president and CEO. The company offered 10 million shares priced at $14 per share, on the low end of the expected range of $14 to $16, and raised $140million in its initial public offering. The stock trades on the Nasdaq exchange under the ticker BBRG and closed at $15.95.

Read the full Columbus Dispatch story here.

Final phase of Emerald Parkway planned

2010-10-20T08:09:00.000-07:00

The city of Dublin has nearly completed the design of the last segment of Emerald Parkway. The final phase will extend the parkway from Riverside Drive and to just north of Bright Road, at a new bridge over Billingsley Creek, said Sue Burness, representing the city.

Read the full Suburban New Publication story here.

Change in store for Dublin corner

2010-10-20T08:08:00.000-07:00

The Dublin City Council wants to make sure a planned Kroger gas station does not add to the congestion at the intersection of Hospital and Avery-Muirfield drives. The Kroger Co. wants to build a gas station next to its store in the Avery Square shopping center. But before the Dublin City Council approves the project, it wants to make sure that an already-congested area isn't made worse.

Read the full Columbus Dispatch story here.

Council signs off on tax incentives for land near Yard

2010-10-13T08:03:00.000-07:00

Columbus City Council has given the go-ahead for the formation of a tax increment financing district near Grandview Yard. Council approved an ordinance creating the district at its Oct. 4 meeting.

Read the full Columbus Dispatch story here.

Clintonville landmarks coming down

2010-10-12T08:02:00.000-07:00

The landmark Clintonville Electric building finally started tumbling down yesterday in a shower of concrete, bricks and steel. Soon to follow: the 83-year-old Clinton Theater next door. After years of attempts to redevelop the building and save the theater, a backhoe began to pull down the back of the Clintonville Electric building.

Read the full Columbus Dispatch story here.

Follow the Money: Another $6.9 Billion Pours into Real Estate Investors' Coffers

2010-10-07T07:51:00.000-07:00

Companies and funds reported raising $6.88 billion in September for real estate-related investments and financing. The funding imbalance continues however, as the buying power of the portion of funds targeted for properties is far more than the total value of monthly acquisitions lately.

Read the full Costar story here.

Residential street, park are part of Grandview Yard's second phase

2010-10-06T07:50:00.000-07:00

The Grandview Heights Planning Commission last week gave preliminary approval with conditions for Phase II of the Grandview Yard development. The plan, approved last Wednesday, Sept. 29, calls for the dedication of a new residential street and a small park to provide open space at the north end of the first phase of development. The combined area affected by this phase will be less than one acre.

Read the full Suburban News Publication article here.

Jeni’s opens Clintonville ice cream shop

2010-10-04T07:47:00.000-07:00

The sixth area location for Jeni’s Splendid Ice Creams LLC is sporting a first for the popular Columbus chain.

Read the full Business First story here.

Best Practices in Distress Investing: No Single Strategy Fits All

2010-09-20T06:45:00.000-07:00

When it comes to commercial real estate investment, distress is all the buzz. It's the catchword that seems to always precede the word 'asset' and is currently the archetypical investment craze. There has been a downpour of money targeting distressed property, and according to CoStar Group data, almost one in every four commercial property sales done so far this year fits in some sort of distress category, whether it's an REO or foreclosure sale, delinquent or underwater loan, or a property with negative cash flow.

Read the full story on CoStar here.

Outlet malls facing changes

2010-09-13T08:05:00.001-07:00

The outlet malls along I-71 near Jeffersonville could not be more different - one a bustling hub of retail activity and the other struggling to find an identity. But they have more in common than their proximity: Ownership of each changed this summer, and the new owners each say they plan to reinvest in the properties.

Read the full Dispatch story here.

Group to gather buildings' stories

2010-09-09T07:43:00.000-07:00

Near the Northeast Side intersection of Wendy's and Subway and Courtyard by Marriott, another piece of Columbus history faces an uncertain fate. A farmstead built in the mid-1800s sits on land owned by the Columbus Regional Airport Authority, near Cassady Avenue and I-670. It will be needed someday for something at Port Columbus, but officials haven't decided what or when.

Read the full Columbus Dispatch story here.

Residents, leaders laud Grandview Yard's first phase

2010-09-08T06:42:00.000-07:00

Several businesses were highlighted in last week's tour of the mixed-use development that's now open to the public.After a tour for public officials in the morning and an open house for the public in the evening, many residents and local leaders left the Grandview Yard development last Wednesday, Sept. 1, impressed with the transformation.

Read the full SNP story here.

CRE lending turns a corner, but still has a few more to turn

2010-08-19T13:29:00.000-07:00

There was little to cheer about in the second quarter numbers from bank holding companies when it comes to commercial real estate lending. While banks generally reported overall improved asset quality, they noted that declines in the value of commercial real estate assets continued to eat away at those improvements.

Read the full Costar story here.

Is the party over for The Yankee Trader?

2010-08-18T13:27:00.000-07:00

Landmark store's possible closing is no laughing matter to loyal customers who have sought out its costumes, and prank and novelty items, for decades. A well-known novelty and costume shop is selling the last of its fake vomit, whoopee cushions, plastic bugs and masks. But what the future looks like for Yankee Trader is up in the air.

Read the full Dispatch story here.

Frozen-yogurt shop more to cousins' taste than retirement

2010-08-17T13:22:00.000-07:00

Many baby boomers dream of spending their retirement puttering around the garden or the golf course. Jeanie Patrick and John Falor? Not so much. The two 60-something former executives were retired three months each when they decided that opening a frozen-yogurt shop together was a better option.

Read the full Dispatch story here.