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Louisville Business First
2 local restaurants land on Yelp best list
Two Louisville restaurants have landed on the list of Best New Restaurants in the South from Yelp.<\p> Among the 25 on the list, one ranks very high — Meesh Meesh, 636 E. Market St. in NuLu — which checks in at No. 2. We wrote about the restaurant coming to town last year after Wiltshire on Market closed in that space.<\p>
Louisville makes its case for Sundance
Soozie Eastman left Louisville when she was 18 for New York City. She eventually moved to Orange County, California, to attend Chapman University, where she earned a Master of Fine Arts degree in producing for television and film.<\p> Because she wanted to work in the film industry, Eastman never thought she’d be able to move back to Louisville. But in May 2015, Kentucky began to offer one of the best film incentives in the country — a refundable income tax credit up to 35% to lure filmmakers to the state.<\p>
Luxury home prices hit a new high
The U.S. luxury housing segment has bucked some of the trends affecting the rest of the residential real estate market, in large part because those buyers and sellers are less affected by affordability issues.<\p> But like the broader housing market, luxury homes continue to see a surge in prices. In fact, luxury home prices hit a new high in the second quarter of this year, with a typical home in the category selling for $1.18 million, an 8.8% increase from the same quarter last year, according to Redfin Corp. data.<\p>
New hotel opens
An extended-stay hotel chain has opened its first area location.<\p> Charlotte, North Carolina-based stayApt Suites opened a new, 88-room hotel at 1628 Leisure Way in Clarksville earlier this month. According to a news release, each room is a 500-square-foot suite, and features a dedicated living room, a full-size kitchen and a separate bedroom. <\p>
Nvidia backs local startup
Many people have heard of the concept of aromatherapy. <\p> Around for centuries, aromatherapy is the practice of inhaling certain scent molecules found in essential oils that can travel from the olfactory nerves in the nose and go directly to the brain, where they can positively impact one’s emotional response. <\p>
Bank agrees to acquisition
Heartland Bank has agreed to acquisition by a publicly traded regional bank in Indiana for about $330 million.<\p> German American Bancorp Inc. (Nasdaq: GABC) and Whitehall-based Heartland BancCorp (OTCQX: HLAN) announced the deal Monday after approval by their boards, according to a press release. <\p>
OPINION: How Kentucky is becoming a favorite in biotech
Kentucky is on a streak of accelerated economic growth. New jobs are beneficial, but investments in industries that can transform our economy as we know it are even better. <\p> And that is exactly what we have seen through continued growth of the life sciences and biotech sectors in Kentucky. The Biotechnology Innovation Organization (BIO) and the Council of State Bioscience Associations (CSBA) estimated that in 2021 the U.S. biotech sector accounted for $2.9 trillion in economic impact on the U.S. economy. <\p>
Big warehouse planned
The last large parcel of land in the Renaissance South Business Park is set for development.<\p> The Louisville Renaissance Zone Corporation plans to build a 324,000-square-foot warehouse on nearly 25 acres of land at 8001 Air Commerce Drive inside the business park, according to a filing made with Louisville Metro Planning and Design. The building is near Louisville Muhammad Ali International Airport and will feature 20, 54-foot bays, according to plans.<\p>
Nonprofit names CEO, creates new role
A Louisville nonprofit is getting a new leader.<\p> Jennifer Clark will assume the role of CEO/executive director of St. Vincent de Paul Louisville (SVDP), as Dave Calzi, who has served in that role since January 2022, is partially retiring. <\p>
Mortgage rates are set to fall. Buyers should adjust their hopes.
Homebuyers frustrated by high mortgage rates may soon get some relief if the Federal Reserve begins to lower interest rates but they should temper their expectations, experts say.<\p> Although the Fed has signaled it could start lowering rates as soon as its July 31 meeting, industry experts believe rates will never go back to the historic lows seen during the Covid-19 pandemic, when some buyers snagged rates below 3%.<\p>
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