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Cincinnati Business Courier
120-year-old Greater Cincinnati business acquired
A more than century-old, family-owned Cincinnati business has been bought by a local entrepreneur. The acquisition marks his second since 2022.<\p> Norwood-based Huber Lumber has been purchased by Rodrigo Williams, owner of RWB Properties & Construction, a full-service construction business serving both commercial and residential clients in the region.<\p>
These jobs soared during the pandemic and are here to stay
Part-time job listings soared during the Covid-19 pandemic and have yet to recede — a potential sign that both workers and employers see benefits in the arrangements. <\p> Beginning in early 2022, the share of part-time jobs posted on job-search engine Indeed grew 10% before leveling off in 2023. <\p>
One of Cincinnati’s largest credit unions opens new local branch
One of the region’s largest credit unions has expanded its local presence. <\p> Oakley-based Cinfed Credit Union, the third-largest credit union based in Greater Cincinnati, has opened a branch at 3688 Springdale Road in Colerain Township. <\p>
NAR settlement means 'summer of uncertainty' for real estate agents
Teresa King Kinney is no stranger to abrupt change in the real estate industry — and the National Association of Realtors' recent settlement is no exception.<\p> She’s been the CEO of the Miami Association of Realtors and its 60,000-plus agents since 1993. In that time, she's navigated several recessions, the Global Financial Crisis and the turbulent, unpredictable Covid-19 pandemic.<\p>
Developer sets start date for condo building at $1B riverfront site
The firm behind Ovation, Newport’s $1 billion riverfront development, is moving forward with the third of three five-story condominium buildings.<\p> Corporex will begin construction “as soon as possible” on the southernmost multifamily building at the Boardwalk Residences, according to a June media release. A Corporex spokesperson told the Business Courier workers will begin to erect steel at the site within the next 30 to 45 days. <\p>
$200M+ mixed-use project breaks ground in Cincinnati suburb
Shovels are in the dirt at the site of a major future mixed-use development in Middletown hailed as a future epicenter of commerce between Cincinnati and Dayton. <\p> Officials from the city of Middletown and Dayton-based Woodard Development attended a June 19 groundbreaking for the first phase of Renaissance Pointe. Expected to create more than $200 million in new construction, it figures to be one of the largest commercial development projects in the city’s history. <\p>
New Covington startup takes aim at online paywalls
Two seasoned entrepreneurs have launched a platform that offers an alternative to subscription-based paywall models for accessing content. <\p> Northern Kentucky-based Content Credits is a micropayment platform that allows users to purchase individual articles or pieces of content at a fraction of the cost of a traditional subscription.<\p>
Five things you need to know today, and the joy of a new lawn mower
Good morning, Cincinnati. Busy news day yesterday, so let’s get right to the five business stories you need to know.<\p> Enerfab, one of the region’s largest private companies, plans to add dozens of jobs over the next three years, Brian Planalp reports. The company expects to create 44 jobs with $4.1 million in annual payroll in the city of Harrison.<\p>
Oakley entertainment center with mini golf, food hall opens: PHOTOS
An indoor and outdoor entertainment venue, bar and food hall is officially opening at full capacity this Saturday following more than two-and-a-half years of construction.<\p> Oakley Greens is situated on about 3 acres of land in the southwest corner of the Oakley Station development at 3065 Vandercar Way.<\p>
Minority-owned salon relocates to $8.5M 3CDC development
Cincinnati Center City Development Corp. is starting to fill out the retail space in its $8.5 million Keyer Row development in Over-the-Rhine.<\p> The Loc & Braid Bar recently moved from its spot on 12th Street into a slightly larger 600-square-foot storefront at 1239 Main St.<\p>
Black-owned comfort food restaurant opens first brick-and-mortar
A Black-owned comfort food pop-up has established its first brick-and-mortar location.<\p> San Jeanetta’s Table opened a new standalone location at 7714 Montgomery Road in the Shoppes of Kenwood June 5. The restaurant will host a grand opening July 13. <\p>
Cincinnati nonprofit sells pair of housing communities for $2.7M
A Cincinnati nonprofit has sold two properties totaling nearly 100 units to a national owner of senior housing. <\p> National Church Residences, headquartered in Columbus, Ohio, in early June closed on the purchase of Corbly Trace and Mount View Terrace, both affordable senior housing communities. <\p>
Greater Cincinnati bookstore closing after more than two decades
A Greater Cincinnati bookstore will close next month after more than two decades in business.<\p> The Half Price Books location in Northgate, located on Colerain Avenue, will shutter July 7, reports Business Courier news partner WKRC-TV. The store's lease was up and an agreement could not be reached on a new deal, according to the corporate office.<\p>
Why Kroger shares fell after earnings beat expectations
Kroger Co.’s stock dropped last week after it posted first-quarter earnings that beat analysts’ expectations.<\p> The problem wasn’t its results. Instead, investors focused on downtown Cincinnati-based supermarket giant Kroger’s (NYSE: KR) guidance and comments about future performance.<\p>
One of Cincinnati's largest private companies announces expansion
One of Greater Cincinnati’s largest private companies plans to add dozens of new jobs over the next three years. <\p> Enerfab, an industrial services company headquartered in Spring Grove Village, will add 44 new jobs, creating $4.1 million in new annual payroll, in the city of Harrison. <\p>
Cincinnati Children's to open new $6M office in former CVS
Cincinnati Children’s Hospital is continuing its expansion push with the opening of a new multimillion-dollar primary care facility in Symmes Township.<\p> Cincinnati Children’s Loveland Primary Care will be located in a 10,125-square-foot former CVS building at 10554 Loveland-Madeira Road.<\p>
Joe Burrow-backed pro league drops ticket prices for 2025 season
Columbus Fury pro volleyball fans will have new ticket pricing options next season.<\p> The changes are a result of keeping a careful eye on buying patterns during the year, Fury CEO Dave Paitson told Business Courier sister publication Columbus Business First.<\p>
Key part of latest Medpace expansion OK’d despite neighbor pushback
The Cincinnati Planning Commission approved a massive new parking garage for Medpace’s headquarters at the site of a current surface lot, but not before nearby residents objected to its scale.<\p> The six-story, 1,389-space garage will be located at 5369 Medpace Way in Madisonville but will also front Covington and Stewart avenues where there are single-family homes and condominiums. The garage will include a canopy to deliver solar power.<\p>
Cincinnati native returns home to expand vintage furniture business
An interior designer and vintage furniture consigner with Cincinnati roots has returned home and opened a studio to expand her business.<\p> Carly Sioux, founder of vintage furniture company House of No Era, has opened a studio in Camp Washington for patrons to browse her collection of high-end vintage furniture. <\p>
Five things you need to know today, and how do you roll?
Happy Monday, Cincinnati. The heat dome is hopefully soon behind us, so I hope summer can begin in earnest shortly. But in the meantime, here are some of the biggest local stories in business news to start your week.<\p> Union Institute & University has nearly 60 years of tenure in Cincinnati, and it will permanently close within the week. Brian Planalp has the story of how Union decided to close its doors for good amid a loss of accreditation and $4.2 million in fines.<\p>
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