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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“Construction of Intel's two plants in New Albany is entering a new phase with the semiconductor company saying that it expects to begin pouring concrete this month for the foundation for the $20 billion project called Ohio One. ‘Intel is proud of the progress we’re making in Ohio and we’re excited to move into this next phase of construction," the company said in a statement. "Being a good neighbor to the New Albany and surrounding communities, who have welcomed us so warmly, is a top priority for Intel. As Ohio One progresses, we will be transparent and remain in close contact with the community, local governme0nt, and partners at all times’”.
“Columbus is one of the best-performing cities when it comes to post-pandemic downtown recovery, according to a new study from the University of Toronto School of Cities. The study ranked downtown Columbus fourth out of 63 in pandemic recovery, behind only Salt Lake City, Bakersfield and Fresno. The ranking is based on cell phone data used to track how many people are spending time downtown compared to 2019. Miranova Corporate Tower, at 2 Miranova Pl., is about 57% vacant, according to the latest Colliers Skyline Report. Notable tenants include Matt Scantland's AndHealth. Cameron Mitchell's M at Miranova closed in the building in 2021”.
“The recent Columbus Opportunity Summit featured a panel discussion led by Columbus Business First Editor Doug Buchanan. The panelists were Kevin Chambers, managing director for logistics, distribution and supply chain at JobsOhio; Jennifer Chrysler, director of community development for the city of New Albany; Sandra Doyle-Ahern, president of EMH&T; and Marc Reitter, president and COO of AEP Ohio."