THE WEEKLY REVIEW | March 10, 2023
Keeping up with CRE trends is as easy as 1-2-3 with our weekly piece! The Weekly Review is a new blog series that will be released every Friday. The market is constantly growing and adapting to new ventures and ideas, and our goal is to provide up-to-date information into what is happening in both the Columbus and U.S. markets, as well as the commercial real estate industry as a whole. As stories evolve, the Weekly Review will continue to follow along and update our clients and community.
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“Development appears to be headed north into Johnstown from the Intel semiconductor site in New Albany. An arm of the New Albany Company has so far bought more than 100 acres in Johnstown less than a mile north of where Intel is building two factories. An entity called West Licking Properties LLC bought the five connected parcels totaling 105 acres on the north and south side of Duncan Plains Road east of Rt. 62.”
“West Licking Properties shares an address with the New Albany Co., the developer responsible for assembling the property for much of New Albany's growth, including the Intel site. Jeffrey and Bradley Heimerl, members of the family whose farm made up much of the Intel site, partnered with West Licking Properties in two of the purchases.”
“Ohio is No. 3 in the United States for overall economic development project wins and major investment projects per capita in Site Selection magazine's 2022 Governor's Cup ranking. The Buckeye State had 479 project wins and the same number of projects per capita, according to the ranking. The only states that beat Ohio in project wins were Illinois, which came in at No. 2, and Texas, which took the top spot. For projects per capita, Ohio was bested only by Kentucky (No. 2) and Kansas (No.1).”
“Site Selection, a corporate real estate economic development magazine, also ranked the Buckeye State at the top of its list on a regional level. Ohio took the No.1 spot for per capita investments and was No. 2 for overall project wins among Midwest peers. Illinois came in first in the latter ranking.”
“Cloud computing and business strategy consulting firm Slalom moved to the Arena District in February. Since launching shortly before the pandemic, Slalom has grown to 100 employees. The new 8,500-square-foot office space features pods where employees can take phone or Zoom calls, conference and meeting rooms with Columbus themes such as ‘the Brewery District’ and ‘the Short North,’ and modular furniture to accommodate different meetings and varying group sizes.”
“Each conference room is equipped with technology to accommodate both in-person and remote team members. ‘After working from home for so long, we've found that creativity really is helped by moving throughout the day,’ Slalom general manager Channie Mize said of the flexible seating in the new office.”