Developers Flock to Cold Storage as Americans Stock Their Freezers

Companies are seeking to build, buy or invest in the sector, despite construction costs that are roughly triple that of an ordinary warehouse.

#consumer-behavior, #coronavirus-2019-ncov, #e-commerce, #real-estate-commercial, #stockpiling

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One Way to Get People Off the Streets: Buy Hotels

For homeless people, a place to live is life changing to a degree that almost no other intervention can provide.

#affordable-housing, #california, #coronavirus-2019-ncov, #group-homes-and-supportive-housing, #homeless-persons, #hotels-and-travel-lodgings, #newsom-gavin, #politics-and-government, #public-and-subsidized-housing, #real-estate-commercial, #san-francisco-calif, #tenderloin-san-francisco-calif

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What Will Happen to All the Empty Office Buildings and Hotels?

Commercial real estate has been hit hard by the pandemic, but there are plans to convert some of the now empty spaces into apartment buildings.

#affordable-housing, #area-planning-and-renewal, #financial-district-manhattan-ny, #herald-square-manhattan-ny, #hilton-times-square-hotel-manhattan-ny-hotel, #holiday-inn, #hotel-giraffe, #hotels-and-travel-lodgings, #manhattan-nyc, #marriott-international-inc, #metro-loft-management, #quarantine-life-and-culture, #real-estate-commercial, #real-estate-and-housing-residential, #renting-and-leasing-real-estate

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NYC Retail Zones: Midtown Has Been Empty, but Other Areas Have Bounced Back

Shopping locally has helped foot traffic in some commercial districts across the city return almost to prepandemic levels.

#bronx-nyc, #downtown-brooklyn-brooklyn-ny, #flushing-queens-ny, #harlem-manhattan-ny, #quarantine-life-and-culture, #real-estate-commercial, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #shopping-and-retail, #staten-island-nyc

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The Next Level in Office Amenities: Wild Horses

The mustangs at a Nevada office park are an example of the outrageous perks that businesses dangle to impress job candidates, but wildlife advocates are pushing back on efforts to market them.

#employee-fringe-benefits, #factories-and-manufacturing, #greenhouse-gas-emissions, #horses, #musk-elon, #real-estate-commercial, #tesla-motors-inc

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After Pandemic, Shrinking Need for Office Space Could Crush Landlords

Some big employers are giving up square footage as they juggle remote work. That could devastate building owners and cities.

#boston-properties-inc, #buildings-structures, #coronavirus-2019-ncov, #corporations, #dimon-james, #jpmorgan-chasecompany, #landlords, #manhattan-nyc, #property-taxes, #quarantine-life-and-culture, #real-estate-commercial, #recession-and-depression, #renting-and-leasing-real-estate, #sl-green-realty-corporation, #stocks-and-bonds, #telecommuting, #united-states, #urban-areas, #workplace-environment

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Local Alliances Put Some Cities on the Fast Track to Recovery

Economic development agencies have created comeback plans for cities like Austin, Texas, and Tucson, Ariz., positioning them to rebound from the pandemic quicker than others.

#area-planning-and-renewal, #austin-tex, #building-construction, #coronavirus-2019-ncov, #quarantine-life-and-culture, #real-estate-commercial, #shutdowns-institutional, #tucson-ariz

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Here Come Hot Desks and Zoom Rooms. And Holograms?

As more companies consider plans to bring workers back to the office, experts say to expect expanded gathering spaces and fewer personal workstations.

#architecture, #coronavirus-2019-ncov, #interior-design-and-furnishings, #quarantine-life-and-culture, #real-estate-commercial, #telecommuting, #workplace-environment

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How Manhattan Office Life Is Changing

Even after the pandemic ends, remote work is likely to endure, and companies are rethinking their spaces.

#coronavirus-reopenings, #irish-repertory-theater, #kaufman-music-center-manhattan-ny, #manhattan-nyc, #new-york-city, #real-estate-commercial

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Remote Work Is Here to Stay. Manhattan May Never Be the Same.

New York City, long buoyed by the flow of commuters into its towering office buildings, faces a cataclysmic challenge, even when the pandemic ends.

#apple-inc, #empire-state-realty-trust-inc, #jpmorgan-chasecompany, #manhattan-nyc, #omnicom-group-inc, #pinto-daniel-e, #quarantine-life-and-culture, #real-estate-commercial, #sl-green-realty-corporation, #spotify, #telecommuting, #vornado-realty-trust

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WeWork Will Go Public in a Merger With a SPAC

The money-losing office space firm plans to merge with a blank-check company backed by big Wall Street investors.

#blackrock-inc, #co-working, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #neumann-adam, #ranadive-vivek, #real-estate-commercial, #softbank-corporation, #son-masayoshi, #starwood-capital-group, #stocks-and-bonds, #wework-companies-inc

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Bucking the Pandemic, Austin Is ‘the Hottest Market in the Country’

The Texas city is a hot spot for commercial real estate investment and a magnet for corporations looking to move to a high-tech hub.

#austin-tex, #coronavirus-2019-ncov, #real-estate-commercial, #real-estate-and-housing-residential, #relocation-of-business

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New York Renters in Covid Hot Spots Are Four Times More Likely to Face Eviction

An analysis of court data shows that the areas hit hardest by the virus, largely Black and Latino neighborhoods, have the most eviction cases.

#assn-for-neighborhood-and-housing-development, #bronx-nyc, #evictions, #new-york-city, #queens-nyc, #real-estate-commercial, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #staten-island-nyc, #unemployment

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Inside the Big-Business Plan to Influence New York’s Mayoral Race

Stephen Ross, the head of the Related Companies, is organizing a meeting of business leaders to “help us get this mayoral election right.”

#campaign-finance, #elections-mayors, #new-york-city, #political-action-committees, #primaries-and-caucuses, #real-estate-commercial, #related-cos, #ross-stephen-m

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How LeBron James Uses His Influence to Improve Community Development

Mr. James has joined an expanding national movement that mixes community needs into the formula for socially responsible projects.

#area-planning-and-renewal, #i-promise-school-akron-ohio, #james-lebron, #philanthropy, #real-estate-commercial, #real-estate-and-housing-residential

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Empty Office Buildings Squeeze City Budgets as Property Values Fall

A looming hit to tax revenues puts pressure on Congress to deliver relief.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #federal-state-relations-us, #house-of-representatives, #law-and-legislation, #local-government, #property-taxes, #real-estate-commercial, #recession-and-depression, #renting-and-leasing-real-estate, #republican-party, #senate, #shopping-centers-and-malls, #stimulus-economic, #taxation, #united-states-economy, #united-states-politics-and-government

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Companies Put Return-to-Work Plans in Motion

Many employers are not making a decision until many workers are vaccinated. And some are making plans for “hybrid” work arrangements.

#avison-young-inc, #bank-of-america-corporation, #boston-mass, #charlotte-nc, #chicago-ill, #coronavirus-2019-ncov, #duke-energy-corporation, #fifth-third-bank, #manhattan-nyc, #quarantine-life-and-culture, #rapid7-inc, #real-estate-commercial, #renting-and-leasing-real-estate, #san-francisco-calif, #seasons-and-months, #seattle-wash, #telecommuting, #texas, #vaccination-and-immunization, #workplace-hazards-and-violations

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The Hottest Amenity From Developers? A Power Plant Made of Batteries.

Charged via rooftop solar panels, the cells form a network that provides a building with backup electricity and that utilities can tap during peak periods.

#alternative-and-renewable-energy, #batteries, #electric-light-and-power, #real-estate-commercial, #real-estate-and-housing-residential, #rocky-mountain-power, #solar-energy, #sonnen-gmbh

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The City Where Cars Are Not Welcome

As automakers promise to get rid of internal combustion engines, Heidelberg is trying to get rid of autos.

#austin-tex, #automobiles, #batteries, #bicycles-and-bicycling, #bloomberg-michael-r, #buses, #c40-cities-climate-leadership-group, #copenhagen-denmark, #electric-and-hybrid-vehicles, #energy-and-power, #energy-efficiency, #europe, #ford-motor-co, #fuel-emissions-transportation, #general-motors, #germany, #heidelberg-germany, #hydrogen, #international-council-on-clean-transportation, #jaguar-land-rover, #mercedes-benz, #oslo-norway, #portland-ore, #real-estate-commercial, #reckitt-benckiser, #roads-and-traffic, #rotterdam-netherlands, #sap-ag, #stockholm-sweden, #transit-systems, #united-nations-framework-convention-on-climate-change, #university-of-heidelberg, #wurzner-eckart

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As Buildings’ Life Spans Shrink, Developers Try to Adjust

Industry experts are starting to take heed as disruptions from the pandemic and changing technological needs are hastening the demise of commercial real estate developments.

#architecture, #coronavirus-2019-ncov, #internal-storyline-no, #mixed-use-developments, #real-estate-commercial, #shutdowns-institutional

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Manhattan D.A. Recruits Top Prosecutor for Trump Inquiry

The Manhattan district attorney has enlisted a former federal prosecutor who is an expert on white-collar crime to join the team investigating the Trump family business.

#manhattan-nyc, #pomerantz-mark-f, #real-estate-commercial, #trump-donald-j, #united-states-politics-and-government, #vance-cyrus-r-jr

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A Fight to Save a Corporate Campus Intertwined With Nature

The Weyerhaeuser site near Seattle, praised for its balance of building and landscape, is at the center of a battle between conservationists and a developer.

#architecture, #federal-way-wash, #historic-buildings-and-sites, #industrial-realty-group-llc, #real-estate-commercial, #restoration-and-renovation, #seattle-wash, #weyerhaeuser-company

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The SPAC Boom Has Some Downsides

The blank-check boom shows no signs of slowing, but there are reasons to be wary.

#ackman-william-a, #bitcoin-currency, #corporate-social-responsibility, #lobbying-and-lobbyists, #mergers-acquisitions-and-divestitures, #real-estate-commercial, #united-states-chamber-of-commerce

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How the Pandemic Left the $25 Billion Hudson Yards Eerily Deserted

The largest private development in U.S. history has attracted marquee companies, but is struggling with unsold luxury condos and a mall barren of shoppers.

#amtrak, #facebook-inc, #foreign-investments, #hudson-yards-manhattan-ny, #metropolitan-transportation-authority, #neiman-marcus-group, #real-estate-commercial, #real-estate-and-housing-residential, #related-cos, #ross-stephen-m, #shopping-and-retail, #shopping-centers-and-malls

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‘One Property at a Time’: A City Tries to Revive Without Gentrifying

Neighborhoods in Newark are beginning to see a flurry of redevelopment, a decade after the city’s downtown gained vogue.

#abandonment-property, #affordable-housing, #amazon-com-inc, #area-planning-and-renewal, #baraka-ras, #beth-israel-medical-center, #building-construction, #coronavirus-2019-ncov, #minorities, #new-jersey, #newark-nj, #nike-inc, #public-and-subsidized-housing, #real-estate-commercial, #real-estate-and-housing-residential, #united-states-economy, #whole-foods-market-inc

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Ghost Kitchens Find a Home in Empty Hotels

Restaurateurs hunting for cut-rate space in the pandemic are teaming up with eager partners in another beleaguered industry.

#delivery-services, #hotels-and-travel-lodgings, #real-estate-commercial, #restaurants, #small-business

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A Casino in Manhattan? Strapped Developers Hope So

With commercial real estate slumping, casino interests are lobbying the state to grant early approval for city-based casinos.

#budgets-and-budgeting, #casinos, #gambling, #ll-holding-co, #law-and-legislation, #new-york-city, #real-estate-commercial, #vornado-realty-trust

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Trump Financial Disclosure Reveals a Business Upended by the Coronavirus Pandemic

Revenues for the Trump Organization fell nearly 38 percent in 2020 as the coronavirus took a steep toll on the hospitality industry. Mar-a-Lago was a bright spot.

#coronavirus-2019-ncov, #golf, #mar-a-lago-palm-beach-fla, #morgan-lewisbockius, #pga-championship, #presidential-election-of-2020, #professional-golfers-assn, #real-estate-commercial, #storming-of-the-us-capitol-jan-2021, #trump-organization, #trump-donald-j, #turnberry-scotland-golf-resort, #united-states-politics-and-government

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Struggling Local Governments May Get Help From the Private Sector

As their fiscal woes become worse, some government officials are looking more closely at public-private partnerships as a way to jump-start their economies.

#area-planning-and-renewal, #infrastructure-public-works, #local-government, #real-estate-commercial, #real-estate-and-housing-residential, #restoration-and-renovation

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Virus Siphons $2.5 Billion in N.Y.C. Property Tax Revenue

The value of office buildings and hotel properties, which have all but emptied out since the pandemic began, is expected to take a nosedive.

#budgets-and-budgeting, #coronavirus-2019-ncov, #de-blasio-bill, #new-york-city, #property-taxes, #real-estate-commercial, #real-estate-and-housing-residential, #schumer-charles-e

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Air Cargo Construction Is Booming, Thanks to Amazon

Airports across the United States are devoting more space to freight shipments as online shopping surges in the pandemic.

#airports, #amazon-com-inc, #anchorage-alaska, #building-construction, #delivery-services, #e-commerce, #fedex-corporation, #freight-cargo, #kentucky, #philadelphia-pa, #real-estate-commercial, #san-bernardino-calif, #united-parcel-service-inc

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A New Tool in Treating Mental Illness: Building Design

Research into the health effects of natural and man-made surroundings is spurring the development of psychiatric facilities that feel more residential and welcoming.

#architecture, #building-construction, #mental-health-and-disorders, #real-estate-commercial

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The Future of Offices When Workers Have a Choice

Some work spaces in central employment districts may become housing, and some housing in residential areas may become work spaces.

#labor-and-jobs, #quarantine-life-and-culture, #real-estate-commercial, #telecommuting, #urban-areas, #work-life-balance, #workplace-environment

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What is the Future of Offices When Workers Have a Choice?

Some work spaces in central employment districts may become housing, and some housing in residential areas may become work spaces.

#labor-and-jobs, #quarantine-life-and-culture, #real-estate-commercial, #telecommuting, #urban-areas, #work-life-balance, #workplace-environment

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‘Box’ or Gem? A Scramble to Save Asia’s Modernist Buildings

Groups across the region are rallying to save buildings that officials consider too new, too ugly or too unimportant to protect from demolition.

#architecture, #cambodia, #design, #far-east-south-and-southeast-asia-and-pacific-areas, #historic-buildings-and-sites, #hong-kong, #hotel-okura-tokyo-japan, #japan, #la-scala-theater-paris-france, #postal-service-and-post-offices, #real-estate-commercial, #singapore, #thailand

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Our Digital Lives Drive a Brick-and-Mortar Boom in Data Centers

Developers and investors see more opportunities in commercial real estate as businesses and consumers gobble up more data.

#coronavirus-2019-ncov, #data-centers, #data-storage, #enterprise-computing, #real-estate-commercial, #renting-and-leasing-real-estate

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Cities Aren’t Toast

They can come back from Covid-19. But first, we have to care enough to save them.

#coronavirus-2019-ncov, #income-inequality, #infrastructure-public-works, #real-estate-commercial, #sustainable-living, #urban-areas

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Modular Construction Meets Changing Needs in the Pandemic

The process of creating prefabricated units that can be quickly assembled has shifted as developers turn to medical buildings, affordable housing, data centers and even a Chick-fil-A restaurant.

#building-construction, #coronavirus-2019-ncov, #factories-and-manufacturing, #real-estate-commercial

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Midtown Is Reeling. Should Its Offices Become Apartments?

The pandemic has created a crisis in New York City’s commercial real estate industry. Some leaders think it’s time to reimagine the city’s business districts.

#affordable-housing, #coronavirus-2019-ncov, #cushmanwakefield-inc, #de-blasio-bill, #furman-center-for-real-estate-and-urban-policy, #midtown-area-manhattan-ny, #real-estate-commercial, #real-estate-board-of-new-york, #renting-and-leasing-real-estate, #shutdowns-institutional

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A New Orleans Tower Anchors a City’s Riverfront Ambitions

The World Trade Center, an X-shaped office tower that has sat empty since 2011, is at the heart of plans to revitalize the area along the Mississippi River.

#area-planning-and-renewal, #coastal-areas, #four-seasons-hotels-ltd, #historic-buildings-and-sites, #hotels-and-travel-lodgings, #new-orleans-la, #real-estate-commercial, #restoration-and-renovation

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Lights, Camera, Construction!

New and expanded soundstages across the city will help reshape neighborhoods and turn New York into a Hollywood of the east.

#area-planning-and-renewal, #astoria-queens-ny, #broadway-stages-ltd, #east-williamsburg-brooklyn-ny, #kaufman-astoria-studios, #movies, #netflix-inc, #quarantine-life-and-culture, #real-estate-commercial, #real-estate-and-housing-residential, #restoration-and-renovation, #silvercup-studios, #steiner-studios, #sunset-park-brooklyn-ny, #television

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These ‘Little Land Mines’ Could Prevent a Summertime Boom

A roaring recovery is in sight, but a lot depends on what Congress does next for the winter economy.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #layoffs-and-job-reductions, #real-estate-commercial, #restaurants, #shopping-centers-and-malls, #shutdowns-institutional, #stimulus-economic, #united-states-economy

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How Tony Hsieh Tried to Single-Handedly Transform Downtown Las Vegas

Mr. Hsieh, who died at 46, tried to revitalize a corner of the city by attracting other entrepreneurs.

#affordable-housing, #area-planning-and-renewal, #downtown-project-las-vegas, #hsieh-tony, #las-vegas-nev, #park-city-utah, #real-estate-commercial, #real-estate-and-housing-residential, #urban-areas, #zappos

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As Winter Arrives, Heaters Become a Survival Tool for Businesses

A rise in demand for heating equipment has left some products back-ordered for months, possibly jeopardizing prospects for some businesses of getting through the pandemic intact.

#balconies-and-terraces, #coronavirus-2019-ncov, #heating, #propane, #quarantine-life-and-culture, #real-estate-commercial, #restaurants, #shortages

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As Customers Move Online, So Does the Holiday Shopping Season

Empty stores are turning into fulfillment centers and the market for warehouse space is booming, as the pandemic rockets the retail industry into its e-commerce future.

#amazon-com-inc, #coronavirus-2019-ncov, #e-commerce, #macys-inc, #real-estate-commercial, #shopping-and-retail, #shopping-centers-and-malls, #walmart-stores-inc

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State and City Governments Are Too Big to Fail

Together, they employ about 23 million essential workers. But the pandemic has pushed them to the brink. President-elect Biden needs to step in now.

#biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #house-of-representatives, #metropolitan-transportation-authority, #new-york-city, #new-york-state, #politics-and-government, #property-taxes, #real-estate-commercial, #states-us, #stimulus-economic, #united-states-politics-and-government

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Sheldon H. Solow, Manhattan Real Estate Mogul, Dies at 92

He built an empire from scratch, changing the skyline with high-end residential and office towers but leaving his crowning project unfinished.

#deaths-obituaries, #new-york-city, #real-estate-commercial, #real-estate-and-housing-residential, #solow-sheldon-h

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As Occupancy Dwindles, College Dorms Go Beyond Students

Real estate developers are seeking opportunities to buy student housing from strapped universities and convert them into apartments for white-collar workers.

#colleges-and-universities, #coronavirus-2019-ncov, #dormitories, #real-estate-commercial, #real-estate-and-housing-residential

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Maintenance Fees for Some Co-ops Rise to Cover Lost Commercial Rent

As the pandemic has wrought havoc on the economy, many New York stores have been unable to pay the rent, forcing co-ops to pick up the slack.

#quarantine-life-and-culture, #real-estate-commercial, #real-estate-and-housing-residential, #shopping-and-retail

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An Ohio Mill Town Lost Its Identity. Can Youth Sports Restore It?

Hoping to reinvent itself, Hamilton turned to art and even punctuation. Now a huge sports complex may bring it new purpose.

#athletics-and-sports, #hamilton-ohio, #real-estate-commercial, #relocation-of-business, #shutdowns-institutional, #stadiums-and-arenas

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