1. MAY 2011 / PRODUCED BY COLLIERS INTERNATIONAL RESEARCH
Central Ohio Market News
Economic & Development News
• A new study from the Brookings Grandview Yard and an increase in the
Institute found that the Central Ohio university district.
Transit Authority (COTA) “excels at
INSIDE THIS ISSUE • Columbus-based real estate investment
getting workers to offices in downtown
trust, Glimcher Realty Trust, lost $5.98
Columbus, but could improve at moving
- Former B&T Metals property million in the first quarter. Most of the
being demolished commuters to construction sites or
loss came from additional costs tied to a
suburban stores.” COTA plans to add
- JPMorgan Chase’s Gahanna 2010 deal to buy out its joint venture
more than 30,000 hours of service a year
expansion expected to be partners in the Scottsdale Quarter retail
through 2015 with new service to
permanent development.
- Discount Drug Mart centers MARKET INDICATORS Positive Or
changed hands Trend Location
Negative
Trend Comments
UNEMPLOYMENT OHIO
+ The state’s unemployment rate dipped to 8.6 percent in from 8.9
percent in April
UNEMPLOYMENT COLUMBUS
+ Central Ohio’s unemployment rate decreased to 7.3 percent in April
from 7.6 percent in March
SUSTAINABILITY COLUMBUS
+ The U.S. Chamber of Commerce Business Civic Leadership
Center and the Siemens Corporation named Columbus one of their
three finalists for the Siemens Sustainable Community Awards in
the category of U.S. cities with population over 500,000
FORTUNE 500
COMPANIES
OHIO + Ohio had a total of 27 Fortune 500 companies in the latest ranking,
up four companies from 2010 and No. 5 in the nation, led by New
York with 57.
HOME SALES COLUMBUS - Home sales fell in April compared to April 2010 by 12.5 percent to
9,119 units
LARGEST CITIES COLUMBUS + Columbus regained the position of the 15th largest city in the U.S.
www.colliers.com
2. Office & Medical News From Central Ohio Central Ohio Market News
• Strategic Public Partners, a through loans, so this is great news for
Every month, the researchers at Colliers International
government and public relations the Central Ohio region. in Columbus compile the latest business news in
consulting firm, leased 11,064 square Central Ohio. It’s difficult to make time during the day
• Harry & David, an Oregon-based food- to monitor breaking news and to catch every pertinent
feet of space at 88 E. Broad St.
and-gift company, plans to hire about story, so we make it easy for you to get the
• The 500 to 1,000 temporary jobs that 1,000 temporary workers for jobs in information you need to make informed business
decisions.
JPMorgan Chase is bringing to Gahanna Hebron to cover the holiday shopping
will “likely stick around,” even after the season next fall and winter. The call
bank has wrapped up dealings from the center operation will be re-opening the Central Ohio Market News is a publication compiled
and researched by the Research Department at
mortgage crisis. The bank announced facility to operate in conjunction with Colliers International in Columbus.
last month that they would add the jobs their Medford, Oregon call center.
to the mortgage-servicing arm in
• Morgan Stanley Smith Barney plans Sources: Ohio Department of Development, Business
Gahanna, adding to the 17,000 jobs it First, The Columbus Dispatch, The Daily Reporter,
to hire 250 new wealth-management This Week Daily Newspapers, Wall Street Journal,
already has in the region.
employees at its offices in Easton where ColumbusUnderground.com and Costar.
• Frontier Communications will add 30 it already has 200 workers. The Ohio
full-time employees at its Marion call Tax Credit Authority approved a $1.7
center. million tax credit for the firm’s expansion
• JPMorgan Chase & Co. and
which will increase the payroll by more Want Your News Faster?
than double.
Huntington Bancshares Inc. were
named first and third respectively as the • Brickman Facility Solutions LLC, a Follow us on Twitter at
twitter.com/ColliersCbus
nation’s biggest lenders to small subsidiary of Maryland-based Brickman
businesses in the first half of the Small Group commercial landscape company,
Get links to the latest news stories, commercial
Business Administrations fiscal year. received a seven-year, 50 percent tax real estate news and Colliers International
JPMorgan Chase administered 2,400 credit for its pledge to create 63 jobs in information as it happens.
loans for a total of $448 million while a move to a New Albany office building
Huntington offered 1,190 loans for $188 on West Campus Oval from Marion.
million. Growth in small business
employment is often made possible
Industrial News From Central Ohio
• Davidson Conveyors signed a lease for use the newly acquired 55 acres as a buffer granted an eight-year, 55 percent tax credit
26,000 square feet at 7699 Green or future expansion site. for a manufacturing plant it has under
Meadows Drive in Lewis Center. consideration for the Village of New Albany.
• Demolition has begun on the former B&T
The Ohio Tax Credit Authority granted the
• Advantage Food and Beverage signed a Metals Co. complex in Franklinton. The
credit based on the firm’s consideration of a
lease for 16,000 square feet at 640-682 N. project was given state funding two years
50,000-square-foot facility.
Cassady Ave. ago to clean up environmental hazards at
the site. Los Angeles-based Urban Smart • The tax credit panel also approved a six-
• Columbus-based research giant Battelle
Growth LLC began tearing down 435 W. year, 60 percent tax credit for Johnstown-
paid $554,000 for the Big Darby Creek
Town St. calling the demolition Project based handbag and gift marketer Thirty-
Shooting Range across from its 1,000-acre
Manhattan because the site was used for One Gifts LLC for a planned $6 million
West Jefferson biomedical and military
uranium pellet production. investment in a new facility in Springfield,
research campus. The firm has said it is
which may need more than 500 workers to
“aggressively seeking property,” and will • Jeyes Holdings Inc., a British maker of
operate.
household cleaning products, has been
