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Goodwill will serve Grove City with a first of its kind facility
After 85 years of service, Goodwill Columbus will open on Thursday its first location on the southwest side of Franklin County in Grove City. <\p> The latest site at 4178 Buckeye Pkwy. is the nonprofit's first in the area, and the first to house retail, donation, job training and adult day services in one spot.<\p>
CMBS apartment distress surges as operators struggle to refinance
Distress in the multifamily sector of commercial real estate is mounting as debt issued during a time of ultra-low interest rates is coming due.<\p> Among commercial mortgage-backed securities loans for single-borrower, large multifamily properties, the rate of distress is up 185% in the past six months, according to an analysis by Wayne, Pennsylvania-based commercial real estate data-analytics platform CRED iQ.<\p>
Nationwide Children's opens huge orthopedic, sports medicine clinic
Nationwide Children's Hospital has opened the first new building of its most ambitious expansion plan yet.<\p> The Columbus pediatric hospital's $179 million Livingston Orthopedic and Surgery Center, 405 Butterfly Gardens Dr., will continue to move in more specialties and departments through September. The project announced in 2021 came in on time and on budget, although the scope increased during design from the initial $154 million plan.<\p>
Here's how much upgrading Nationwide Arena will cost
Nationwide Arena is set to undergo a number of upgrades over the next few years.<\p> The Franklin County Convention Facilities Authority, which owns and operates the arena (opened in 2000), has laid out $60.2 million of upgrades in its operating and capital improvements budget planned through 2028. <\p>
Clintonville pizzeria closes its doors again due to fire
A Clintonville pizzeria has closed for the "foreseeable future" after a fire. <\p> Harvest Bar + Kitchen, 2885 N. High St., was the site of a Friday morning fire. NBC4 reported that most of the damage was limited to the refrigeration unit and dumpsters at the rear of the building. <\p>
This Columbus brewery now has a beer vending machine
If the line at the bar is too long at Land-Grant Brewing this weekend, patrons have a faster option: Columbus' first beer vending machine.<\p> The Franklinton craft brewer is the first customer for VendGuard, a Columbus startup founded by three "tinkerers."<\p>
Automotive innovation center opens at Central Ohio business park
A new facility that aims to support the advancement of automotive innovation and technology has opened at a Marysville business park.<\p> The Automotive & Mobility Innovation Center is an 18,000-square-foot building that was designed to connect startups, established businesses, researchers, educators and government. The center is located at 1100 Innovation Way in Marysville's 33 Innovation Park.<\p>
State investing millions in psychiatric hospitals in Columbus, Dayton
Following the May opening of the Central Ohio Behavioral Healthcare hospital in Columbus, the state has begun the early steps to create a mental health-focused hospital in the Dayton region.<\p> Ohio recently approved its two-year Capital budget, which allocates funding to construction projects throughout the state. One of the largest projects is the creation of a new behavioral health hospital in the Miami Valley. The state is investing $10 million to help begin the early planning process.<\p>
Columbus a leading market for biotech R&D jobs, CBRE says
Central Ohio's growing biotech industry has propelled it to one of the country's leading R&D markets for the life sciences, according to a new report from CBRE.<\p> With Cleveland ranking in med-tech manufacturing and Cincinnati in medical devices, Ohio is one of only a handful of states that have three or more clusters of life-sciences labor nationwide, the firm's annual analysis said.<\p>
Here's how the childcare crisis is hurting small business growth
Local businesses are continuing to feel the effects of Ohio's childcare crisis.<\p> Two recent surveys showed small business growth and the workforce that drives it are being suppressed due to constraints of working families dealing with the childcare crisis.<\p>
With 'substantial doubt' about its future, retailer expects closings
After posting a near half-billion-dollar loss last year, Big Lots is concerned about its future and expects to close dozens of stores. <\p> In the company's (NYSE: BIG) quarterly report filed in June, it concluded there is a "significant likelihood" it won't be able to pay its debt within the next year, raising "substantial doubt" about its "ability to continue." <\p>
The National Observer: Investors taking a big interest in strip malls
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals network of publications. Today, we're looking at the closure of a century-old college, a sustained surge in new business formation, and where Kroger is looking to sell stores in order to win antitrust regulators’ approval for a $24.6 billion acquisition. But first, let's see how the accelerating spread of data centers is prompting resistance in some regions.<\p> Get more stories like these every day in your inbox by subscribing to The National Observer newsletter. <\p>
Two new housing communities slated for Union County development
One of Central Ohio's largest homebuilders is bringing two new housing communities to a Union County development that already boasts more than two dozen neighborhoods. <\p> Epcon Communities announced that its newest project, the Courtyards at White Oaks, will start selling home sites this month. It will be located at 8400 Ryan Pkwy. in Jerome Village, a 2,000-acre mixed-use development that is currently home to around 5,000 people who live in 25 neighborhoods. It also features a community center with a restaurant, pool and fitness facility, a fire station, two schools and a 7-mile trail network that connects to Glacier Ridge Metro Park.<\p>
Crew co-owner Dee Haslam on landing the MLS All-Star Game
A now 30-year-old team got to stay in Columbus after an ownership change saved them from a move to Texas.<\p> The Columbus Crew's potential relocation hit Dee Haslam hard, remembering the community hurt when the Cleveland Browns moved to Baltimore in 1996.<\p>
A comeback for the ages: Crew and Columbus celebrate MLS-All Star Week
It was October 2017 and Columbus Mayor Andrew Ginther was dropping his daughter off at school when he received a voicemail from Anthony Precourt.<\p> Precourt, who then owned the Columbus Crew, told Ginther that he was moving the team to Austin, Texas.<\p>
Columbus health system executives who made more than $1M
Fourteen current non-CEO executives at Columbus hospital systems were paid at least $1 million in cash compensation in 2022, the most recent year with data available.<\p> For the second year, the top finisher on the list made more than that hospital's CEO. <\p>
Growing cyber threats are good business for a Columbus startup
Ever more billions of devices are connected to the internet, in our cars, doorbells, pacemakers and the electric grid. <\p> They make our lives easier – and present billions of targets for attack.<\p>
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