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The National Observer: Baby boomers stay in workforce longer
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals. Scroll on for a look at how the Federal Reserve's interest-rate cuts will (or won't) affect housing affordability, a Department of Justice proposal to bust up one of the biggest names in tech and United Airlines Holdings Inc.'s efforts to push into new international markets. First, we've got a story on how baby boomers are staying in the workforce longer. <\p> Get more stories like these every day in your inbox by subscribing to The National Observer newsletter.<\p>
Office-leasing activity makes a comeback
Signs are emerging that companies are feeling more confident about their office-leasing decisions, prompting a bump in touring and leasing activity in several U.S. markets.<\p> In New York City, there was about 18.6 million square feet of office-tenant activity on average in 2018 and 2019, according to data from CBRE Group Inc. (NYSE: CBRE). At the lowest point of the Covid-19 pandemic, that plummeted to 3.8 million square feet.<\p>
Tech-savvy realty group makes Dayton's fastest-growing companies
Dayton’s youngest fastest-growing company is tech-savvy brokerage Glasshouse Realty Group.<\p> The company formed six years ago. Partner Kunal Patel shares his thoughts on the uphill growth and where the firm is headed, along with Kari Abitbol, vice president of communications at Glasshouse.<\p>
Dayton program connecting students, local employers receives $500K
An educational program helping students start their degree at Sinclair Community College and finish it at the University of Dayton just received a major funding boost. The grant will help connect students with local employers, eliminate financial barriers and more. <\p> UD just earned a $500,000 grant from the American Talent Initiative to aid in launching the UD Sinclair Academy program.<\p>
Dayton-area manufacturer could build new facility amid 390% growth
The region’s No.1 fastest-growing company has exceeded an average percentage growth of 390% between 2020 and 2023. The acceleration pattern has yet to see signs of slowing down as the market continues to heat up with demand.<\p> Miamisburg-based Accelevation LLC is the fastest-growing company in the Dayton region, according to DBJ research. It is a vertically integrated infrastructure manufacturer and professional services provider supporting the data center and industrial markets.<\p>
U.S. mortgage rates jump again following dips (See more)
U.S. mortgage rates rose for the second-straight week after hitting their lowest level in two years. That's the word from Freddie Mac, which released its latest data.<\p> Freddie Mac reports the 30-year fixed mortgage rate averaged 6.32% for the week ending Oct. 10 — up from 6.12% last week. A year ago, mortgage rates averaged 7.57%.<\p>
Report: Best places to raise a family in Dayton area (Countdown)
One of the most important decisions new parents have to make is deciding where to plant their roots. To determine the best place to raise a family, parents must consider nearby schools, crime rates, affordability, and more. <\p> A real estate data collection and analysis website took a deep dive to determine which Dayton areas stand on top for raising a family based on a variety of key locational factors. <\p>
Dayton aviation company rebrands prior to FAA certification
A woman-owned Dayton logistics and drone package delivery services provider has rebranded under a new name as it nears FAA certification.<\p> Pioneer in autonomous drone delivery Drone Express has officially rebranded to DEXA. The change comes in advance of its transition from a commercial operator under Part 107 to a Federal Aviation Administration (FAA) Part 135 certified Air Carrier.<\p>
Dayton fastest growing company executives talk strategies, expansions
The Dayton Business Journal recently brought together the region’s fastest growing companies at a reception at NCR Country Club.<\p> After awarding the top three companies awards and honoring the rest of the 55 fastest growing companies, soon to be revealed on Friday, Oct. 11, DBJ held a panel with executive from some of the prominent companies on the list:<\p>
Latest on snack food maker's $106M Dayton investment
A snack production company’s $106.2 million investment in an unused manufacturing space continues. The city where it's situated is eyeing related opportunities around the development.<\p> The 300,000-square-foot former GM paint shop facility at 4100 Springboro Pike in Moraine is undergoing a transformation to suit the operational needs of an Ohio snack food maker that is moving in.<\p>
These are Dayton's 55 Fastest-Growing Companies ($12B in revenue)
Where to grow, how to do it and when to do it continue to be a top consideration for companies. A subsection of the Dayton region’s top companies have proven their ability to pivot and explode amid the ebbs and flows of the pandemic years, and those following, as the world has reconvened to a more stable normal.<\p> Each year, the Dayton Business Journal highlights the region’s fastest-growing companies.<\p>
These are the top 10 earning nonprofit fundraisers in Dayton
The Dayton Business Journal recently released its annual Nonprofit Fundraising Events List. Top earning nonprofit events on the list ran between spring 2023 to fall 2024.<\p> Nonprofits on the list shared a cumulative event-generated revenue from their top earning event surpassing $6.6 million. The number drops to $5.5 million for events in the top 10 alone.<\p>
Italian firm plans massive expansion at Dayton-are site (Details)
An Italian company that first landed in the region five years ago is planning a massive expansion to its Warren County facility. <\p> Modula Inc. - located at 5000 Commerce Center Drive at the former print technology center operated by Cox Media Group Ohio – is requesting approval of a major site plan to construct a 170,000 square foot building addition to its facility. <\p>
Why a certain management technique can help keep top employees
Editor’s Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business. Want more stories like this in your inbox? Sign up for The Playbook newsletter.<\p> It’s been said before, but one of the best techniques for keeping top performers may simply be acknowledging and rewarding them for their work. <\p>
Dayton health system lands $1.4M to expand opioid-free efforts
Nonprofit health system giant Kettering Health received a federal grant to support an existing program aimed at reducing the spread of the opioid epidemic.<\p> Kettering Health was awarded a 3-year, $1.4 million grant from the Substance Abuse and Mental Health Services Administration (SAMHSA).<\p>
New business abounds in historic district on heels of $1B investments
The city of Brookville just added two new businesses to its historic downtown area in the midst of an influx of investments.<\p> Pure Beauty Bar and Mulberry & Main have officially opened their doors in Brookville. The openings follow continued investments across the Brookville area.<\p>
Major movement in Dayton's top 5 public elementary schools (See who)
There's been some movement at the top of the list of Dayton’s top public elementary schools, though the institution in the No. 1 spot remains the same as last year.<\p> Harman Elementary School in Oakwood retains its position as the top public elementary school in the Dayton area in Niche’s 2025 ranking of the best local public schools.<\p>
$492M Dayton firm acquires Australian company
America’s fastest-growing architecture, engineering and geospatial firm from the last decade — based in Beavercreek — recently locked in its third acquisition of 2024.<\p> Woolpert recently announced the acquisition of Sydney, Australia-based Greenbox Architecture. Greenbox is a full-service architecture firm providing interior and exterior design services for data centers and commercial, health care, and residential clients. <\p>
Dayton-based law firm to relocate to one of downtown's largest offices
A Dayton law firm with nearly 40 years of experience is moving to one of the largest office buildings downtown - leaving behind its home of 20-plus years. <\p> Sebaly Shillito + Dyer will move into the CareSource building on 220 E. Monument Ave. starting on Oct. 14. The law firm will occupy the fifth floor of the facility in a 30,000-square-foot space. <\p>
Why mortgage rates may not continue to drop
Relief on housing costs from interest-rate cuts issued by the Federal Reserve last month may not be as straightforward as some would-be homebuyers might expect. But some areas of the country are poised to feel the impacts of rate cuts more significantly than others.<\p> A recent analysis by Realtor.com found 60.2% of homeowners in the U.S. lived in homes with a mortgage while 39.8% of owners owned their homes free and clear. But the share of mortgaged homeowners versus those who owned their homes outright vary — sometimes significantly — by state.<\p>
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