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Cincinnati Business Courier
The Playbook: The disconnect on vacation is getting better
Editor's Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business and career. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> While many organizations have embraced hybrid work, there’s a chance it may not be the best option for certain groups of workers. <\p>
Cincinnati's got Pride: Parade, parties draw 250K downtown
Hundreds of thousands of people visited downtown for the annual Cincinnati Pride celebrations.<\p> More than 150,000 people are estimated to have watched the parade, which kicked off around 11 a.m. Saturday, starting at Seventh and Plum streets. People representing more than 100 different organizations traveled the route, leading them down Vine Street past Fountain Square.<\p>
Fire at local craft brewery causes $200K in losses
The owners of a Union Township brewery recently damaged by a fire want customers to know that they are still very much open for business.<\p> On June 10 around 1:30 p.m., a large fire engulfed a 1,200-square-foot old farmhouse on the Mt. Carmel Brewing Co.’s property, located at 4362 Mt. Carmel Tobasco Road.<\p>
Ford-themed restaurant revs up for third Cincinnati-area location
A Florida-based restaurant group with two established locations in Cincinnati is set to open its third in a sought-after area.<\p> Ford’s Garage, an American restaurant focusing on hamburgers and craft beer, announced it will be opening a third location at 7515 Gibson St. in Liberty Township’s Liberty Center Monday, June 24.<\p>
Cincinnati panel acts on Oakley car condos proposal
Neyer Properties, which wants to put condos for luxury and rare automobiles at a major Oakley housing development, withdrew that proposal after the Cincinnati Planning Commission appeared poised to vote it down Friday, June 21.<\p> The developer planned to put 31 two-story car condos on part of its Three Oaks project at 4477 34th Ave. The Torque Car Condos would be located south of a set of railroad tracks and Enyart Avenue, which runs parallel to them, and north of Iron Oak Avenue. They would provide a buffer from single-family homes being built nearby, according to the developer.<\p>
LOOK INSIDE: First home unveiled in new $120M East Side development
Greater Cincinnati’s largest homebuilder has unveiled the first model home at a $120 million community in Clermont County.<\p> Fischer Homes debuted the model home in Harvest Meadows, located off U.S. Route 32 at Batavia Road in Batavia, around 25 miles east of downtown Cincinnati. <\p>
Local university announces closure after federal probe, $4.2M fine
Union Institute & University has closed a year after budget issues came to light that ultimately left staff unpaid, students without federal aid money and resulted in lawsuits, a federal probe, millions in fines and the voluntary loss of its accreditation.<\p> Union Institute President Karen Schuster Webb announced in a news release the school, which opened in Cincinnati in 1964 and most recently functioned entirely online, will close effective June 30. <\p>
IRS announces when payments on ERC claims will resume
The Internal Revenue Service plans to deny tens of thousands of improper Employee Retention Credit applications even as it promises to renew processing legitimate claims.<\p> The agency in an announcement this week said it had taken the time since its Sept. 14 moratorium on processing new ERC applications to analyze the more than 1 million ERC claims filed in 2023 — and found that between 60% and 70% showed an unacceptable level of risk.<\p>
New $131M Cincinnati cancer center nears opening date: PHOTOS
Tri-State patients are just weeks away from being able to access a new comprehensive research and treatment institute.<\p> The Blood Cancer Healing Center, a collaboration between University of Cincinnati and UC Health, is located in the former Shriners Hospital building at 3232 Healing Way. A ribbon-cutting ceremony is being held June 24 to celebrate the completion of the first phase of the $131 million development. <\p>
Cincinnati ranks among best U.S. cities for a staycation
Cincinnati is among the top five cities in the U.S. to enjoy a staycation, according to a new ranking released by Wallethub.<\p> WalletHub, a personal finance site, compared more than 180 cities across three key dimensions to find the best places for a fun-filled yet wallet-friendly staycation, defined as a day-trip or activity close to home that does not require an overnight accommodation. <\p>
UC wraps latest $85M residence hall project: PHOTOS
A years-long effort to renovate on-campus dorms at the University of Cincinnati is finally complete with the unveiling of Siddall Hall.<\p> The $85 million project saw the 14-story, 111,989-square-foot residence hall on the southwestern corner of UC’s campus stripped down to the concrete skeleton and fully rebuilt. <\p>
Five things you need to know today, and a bike ride reflection
Good morning, Cincinnati. Here are the five things you need to know before you start your busy business day. <\p> The Federal Railroad Administration has recommended two new Amtrak routes that would run through Cincinnati as the agency and Congress consider whether to add new long-distance passenger train routes of 750 miles or more to the nation’s rail infrastructure. Cincinnati would be a stop on both the Detroit-New Orleans and Dallas-New York routes.<\p>
Local Kroger associates receive national nod
Four local Kroger associates have been recognized for their contributions in the grocery industry.<\p> Progressive Grocer's 18th annual Top Women in Grocery awards program highlights the major contributions of women across all sectors of the North American grocery industry. <\p>
Court time lets Cushman & Wakefield's Murphy forget stress of deals
Chances are, you’re three degrees of separation, max, from someone who plays pickleball. It’s the fastest-growing sport in the U.S.; in 2023, just over 48 million Americans picked up a paddle at least once. Don Murphy heard radio host Bill Cunningham talking about pickleball six years ago and thought it sounded fun, but with few courts available locally at the time he didn’t pursue it. Like most players, he picked the sport up seriously within the past three years and now plays three to four times a week. Currently rehabbing a back injury, he’s eager to get back on the court soon. “I can’t wait,” he said. “I love the game.”<\p> How would you describe yourself as a player? I would place myself in the middle of the ratings. I try to be more of a power player and want to get better at placing soft shots just over the net, which prevents the opposing player from returning it with a power shot. <\p>
Nonprofit's student theater summer shows grow skills beyond the stage
Amy and Jason Burgess know what the first bite of the theater bug feels like for a teenager. They were that age once upon a time.<\p> The Northern Kentucky couple are the driving force behind CAST (Commonwealth Artists Student Theatre), a decadelong program that serves as an adjunct for Greater Cincinnati students who have varying levels of opportunity at their schools.<\p>
What's next in the NAR commission lawsuit settlement?
Some big deadlines are on the horizon for the class-action lawsuits that swept the residential real estate industry over the past year. <\p> The conclusion of these lawsuits could bring about significant changes to how homes are bought and sold beginning in the later part of 2024.<\p>
Less than 10% of office stock in major metros considered 'prime' space
Less than 10% of the office space across some of the nation's major metropolitan markets is considered "prime" real estate, the type of property today's tenants prefer.<\p> A recent analysis by CBRE Group Inc. (NYSE: CBRE), the findings of which were shared first with The Business Journals, found 830 buildings across 57 cities analyzed could be categorized as "prime" properties, representing 8% of all office square footage in those markets. Although the definition of "prime" can vary by market, sometimes dramatically, the analysis set out to identify the highest-quality buildings in each city and examine how that segment of the market is performing relative to the broader office sector.<\p>
$200M+ NKY development welcomes new retail space
A new round of retail development is underway at a massive multimillion-dollar project in a rapidly growing area of Northern Kentucky.<\p> Union resident and developer/investor Hemal Soni recently purchased two parcels of land at the corner of Children’s Way and U.S. 42, located within the 62-acre Union Promenade development. <\p>
Feds recommend two new Amtrak routes run through Cincinnati
The Federal Railroad Administration is advancing two new Amtrak routes that would run through Cincinnati as the agency and Congress consider whether to add new long-distance passenger train routes of 750 miles or more to the nation’s rail infrastructure.<\p> The routes would run from Detroit to New Orleans and Dallas to New York City. <\p>
Al Neyer announces leadership shakeup in key division
The chief architect at Al Neyer, one of the largest commercial real estate developers in Greater Cincinnati, has retired.<\p> Rob Thrun, senior vice president of downtown-based Al Neyer’s in-house architecture group, stepped down from his role after 24 years, according to a news release.<\p>
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