Cincinnati named one of nation’s hottest rental markets for 6th month in a row – The Queen City is the fourth-most-coveted market for apartment renters in the U.S., RentCafe’s November rental activity report found, marking the sixth month in a row Cincinnati has been among the top 10 cities that are attractive to renters. The draw […]
‘This puts us on the map:’ Delhi Towne Square already impacting township as construction continues – Delhi Towne Square, a $63 million, 14-acre development along Delhi Pike, was topped out in February with interior construction work now underway. The center public building is expected to be complete between May and June 2024, with the first […]
Multifamily loans will face a critical test in 2024 and beyond – The U.S. apartment market absorbed 90,827 units in the third quarter, according to RealPage Inc. While that’s an improvement from the negative absorption seen throughout 2022, the approximately 1 million apartments under construction nationally as of the third quarter is still outpacing demand […]
Salvation Army lands $11 million for upgrade of College Hill Booth Residences apartment building – JLL Capital Markets helped the Salvation Army secure a 35-year, fixed-rate loan through the Department of Housing and Urban Development, which will allow the units to be preserved for low-income seniors. Booth Residences was built in 1981, with a 2006 […]
Developer Nick Johnson plans new, market-rate housing in the West End – BOC Development plans a $2.7 million project, with five new three-story townhomes on six existing vacant lots in the southeast corner of Freeman Avenue and Findlay Street at 1722-1730 Freeman Ave. “One thing we hope to accomplish is bring a balance in our […]
Cincinnati’s largest developments applying for over $89 million in state tax credits – Five projects in the Cincinnati region applied for the latest round of Ohio’s transformational mixed-use development (TMUD) tax credit program The TMUD program provides tax credits to help finance new construction or the renovation of vacant buildings in mixed-use projects that are […]
Prosper Communities leads $1.4M renovation of Ravine Apartments in Silverton – Prosper Communities held a ribbon-cutting ceremony Friday, Nov. 3, for the Ravine Apartments, a 24-unit apartment community located at 6917-6919 Montgomery Road. The Ravine was formerly a motel built in 1961, according to Prosper’s principal, DJ Hume. In its lifetime, the building was renovated […]
Terrace Park, Madeira, Montgomery among ZIP codes that require a minimum income of $100,000 – It takes a minimum annual income of more than $100,000 to purchase a home in 14 Greater Cincinnati ZIP codes, according to an analysis of data from Zillow Group Inc. and Bankrate LLC by The Business Journals. Locally, Terrace Park is […]
Cincinnati City Council candidates open to helping fund new arena – There is continued chatter about a new facility to replace Heritage Bank Center, with Visit Cincy, the Ohio side of the river’s convention and visitors bureau, and its chairman, FC Cincinnati co-CEO Jeff Berding, pushing for a study of potential locations and costs. No […]
Build-to-rent, single-family rental markets shift gears in unique housing market – Gene Garcia, a real estate senior analyst and principal at RSM, said single-family rentals became particularly attractive to millennials during the pandemic, and as work-from-home and other trends have held steady, demand for those units has remained “sticky.” For many would-be homebuyers, a single-family […]