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breaking news


Largest Dayton-area real estate firm gets new digs

Published: Wednesday, September 13, 2017 @ 1:06 PM


            Managing Partner Ron Sweeney stands outside Coldwell Banker Heritage’s new office on Yankee Street.
            Kaitlin Schroeder
Managing Partner Ron Sweeney stands outside Coldwell Banker Heritage’s new office on Yankee Street.(Kaitlin Schroeder)

The largest residential real estate brokerage in the region now has a new home for dozens of agents and its luxury brand.

Coldwell Banker Heritage, which is on pace to hit about $950 million in sales volume overall this year according to the company, opened a new modern office at 8534 Yankee St. that it’s renaming it Coldwell Banker at Yankee Centre.

The Yankee Street office should generate roughly $250 million in sales, and it will be home to its Global Luxury Office for sales, with agents out of the office responsible for many of the top luxury sales in the region.

Managing Partner Ron Sweeney said Coldwell out grew its other two offices near the Dayton Mall and in Centerville, and combined them to the new space that better meets its needs.

“With technology things changed. We needed a little more of a modern facility,” said Sweeney.

RELATED: Local home sales heat up

Sweeney said real estate agents are a mobile workforce who need somewhere with a flexible layout to move around in, and the new Yankee Street office has a mixture of different kinds of work stations like private and semi private offices, drop in offices and open areas. The new office, which can house up to 75 agents, also has all the agents on one floor instead of disconnected across three floors like the previous offices, which were also didn’t have elevator access and were not accessible for aging clients.

As the company grew and technology changed, the Coldwell was in need of a new building with a modern layout. It was difficult to have a mobile workforce when the walls weren’t built for wireless routers to send signals through. The old offices served their purpose well at the time, but Sweeney said it was time for new space.

“Now this building is going to serve our purpose for the next 20 or 30 years as well,” he said.

RELATED: $380 million Springboro development moves ahead

The new facility will also fit with Coldwell’s luxury home sales program. Sweeney said more than half of the top 25 highest priced home sales in the region were coming from his office.

“It has a nice look to match the luxury part of the brand,” he said.

Sweeney said Coldwell’s agent count is up to close to 380, compared to 2011 when the franchise had close to 260 agents. Along with the franchise’s new Yankee Street office, it has sales offices in Troy, Springboro, Springfield, Vandalia, Kettering, Huber Heights and Beavercreek and a home office also in Beavercreek with its corporate functions and training facility.

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The agency also recently brought on an experienced commercial broker, Ric Moody, to lead Coldwell’s commercial real estate side in the region.

Coldwell’s agent growth is part of a broader trend of brokerages adding to their agent count as the housing market recovers from the recession. The Dayton Area Board of Realtors, which represents Darke, Preble, Montgomery, Greene and Warren counties, said its agent count is up to 2,885 at the end of June, up from 2,200 at the bottom of the market crash around 2012.

“The market is much better than 2010 and ‘11, which naturally draws in newer people but we also recruit experienced agents might want to join,” said Sweeney.

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Home Depot hiring for more than 200 jobs in Dayton region

Published: Thursday, February 22, 2018 @ 9:57 AM


            FILE
FILE

The Home Depot is hiring 225 associates in Dayton and 80,000 associates nationwide.

Interested applicants can apply online at careers.homedepot.com, or job seekers can text HOMEDEPOT to 52270 and receive a link to apply to hourly positions in their area. Available positions vary by store.

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The home improvement retailer is hiring for sales associates, cashiers, online order fulfillment workers and other operations jobs. The opportunities include both permanent, part-time and seasonal positions in the local stores and distribution facilities.

Home Depot has 2,284 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2017, The Home Depot had sales of $100.9 billion and earnings of $8.6 billion.

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Auto sales remain strong as Dayton Auto Show opens

Published: Thursday, February 22, 2018 @ 9:07 AM

A new Dodge Ram truck outside the Dayton Convention Center, where the Dayton Auto Show opens Thursday. THOMAS GNAU/STAFF
Thomas Gnau/Staff
A new Dodge Ram truck outside the Dayton Convention Center, where the Dayton Auto Show opens Thursday. THOMAS GNAU/STAFF(Thomas Gnau/Staff)

The Dayton Auto Show opens at noon today at the Dayton Convention Center amid an American auto industry that remains quite healthy, although past its recent peak.

U.S. auto companies are on track to sell about 16.7 million vehicles this year, a strong number, but down from 17.1 million sold in 2017, which in turn was down from about 17.5 million in 2016, said Michelle Krebs, an executive analyst for Autotrader.

If auto sales figures reported for January prove durable for the year, auto companies will be “more than profitable,” Krebs said.

“The car companies have got their break-even points down,” she said. “Our view is we’re in a post-peak period, but we’re still enjoying strong sales.”

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John Heitmann, a history professor at the University of Dayton and a nationally recognized historian of the American auto industry, said solid sales should hold as long as gas prices remain relatively low and employment remains high.

“They’re going to continue to do OK,” Heitmann said.

Sales dropped to a low of about 10 million in annual sales in 2010, he noted. There was slow growth, then a market resurgence starting in 2015, the UD professor said.

And drivers are returning to larger SUVs and trucks, he added. The nation’s best-selling vehicle is the Ford F-150 truck, which sold 58,937 units in January 2018.

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“This is going to be a huge year for pickup trucks,” Krebs said. Ford is developing a diesel version of the F-150. And she advised show visitors in Dayton to check out the new Dodge Ram truck. “The Ram has really built a good reputation.”

This fall, GM will have two new trucks — a redesigned Silverado and a new GMC truck.

Strength in trucks, especially bigger diesel-driven trucks, is good news for the Moraine DMAX truck engine plant, the joint General Motors-Isuzu company that has about 750 workers making engines for heavy-duty trucks.

But that strength for new trucks and SUVs may mean trouble for smaller cars, such as the Chevrolet Cruze compact built at GM’s Lordstown, Ohio plant, Krebs said.

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She sees record-leasing going on while the average age of vehicles on the road today has risen to around 10 years, with trucks enduring even longer.

Still, industry-watchers can see potential headwinds.

Interest rates may go up a few times in 2018, Krebs warned. Tax reform may leave a bit more money in paychecks, which could counter the rise of rates somewhat. But higher interest rates can be a deterrent to new sales.

Kelly Danison, director of events for the Ohio Automobile Dealers Association, sees strong interest in the show. Generally, a healthy auto industry means a healthy interest in auto shows, she said.

She said the 2019 Dodge Ram will be at the Dayton Convention Center for the show, and she encouraged visitors to check it out.

She also sees an Chevrolet Equinox and a Lincoln Navigator at the convention center, meaning Lincoln is back to the Dayton event. Show visitors can also register for a chance to win a two-year lease for the Equinox. The final drawing for the winner will be 3 p.m. Sunday.

“It really is the best opportunity” to explore what’s out there for anyone looking to buy in coming months, Danison said.

“If there’s one message for the people who are going to the auto show, because of competition, it’s probably a really good time to buy a car,” Heitmann said.

In all, there will be 27 different manufacturers and more than 200 vehicles represented at the show, including Harley-Davidson on hand “for our two-wheeled friends,” Danison said.

There will also be two “ride and drives” for those who want to test drive select vehicles, she said.

The four-day Dayton Auto Show opens at noon today at the Dayton Convention Center, 22 E. Fifth St.

If you go

Dayton Auto Show

Thursday, noon - 9 p.m.

Friday, noon - 9 p.m.

Saturday, 10 a.m. - 9 p.m.

Sunday, 10 a.m. - 6 p.m.

Tickets:

Visitors 10 and older: $8 at the box office, $6 online (DaytonAutoShow.com)

Students with ID: $6 at the box office

Seniors 65 and older: $6 at the box office

Children 9 and younger: Free with adults

Military with ID: Free admission Thursday and Friday.

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SVG invests $1M in former Eastgate property

Published: Thursday, February 22, 2018 @ 8:34 AM

Steve VanGorder, of SVG Motors, poses under the Trenor Chevy, Buick and GMC sign in Urbana last summer. SVG Motors purchased Trenor, which had been family-run for decades. Bill Lackey/Staff
Steve VanGorder, of SVG Motors, poses under the Trenor Chevy, Buick and GMC sign in Urbana last summer. SVG Motors purchased Trenor, which had been family-run for decades. Bill Lackey/Staff

Rapidly growing auto dealer Steve VanGorder has bought land for an expanded dealership in Beavercreek.

Greene County property records show that SVG Properties paid just over $1 million for property at 3415 Seajay Drive, the former home of Eastgate Ford.

The purchase was of nearly 5.8 acres of land.

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SVG Motors has locations in Dayton at 400 Shoup Mill Road, as well as Eaton, Urbana and Greenville.

SVG has expanded aggressively in recent years.

“Thirty days from now you might not recognize the place,” VanGorder told the Springfield News-Sun last summer after he bought Trenor Motors in Urbana. “We’re going to invest some money making it more something you might see in a dealership in the 2000s. There’s some appeal to the look of the place but GM is holding all their dealers to a higher standard and we want this to be a comfortable experience for everybody that comes into the dealership.”

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In April 2016, SVG acquired the Myers Chrysler Dodge Jeep Ram dealership in Eaton.

Since May 2014, VanGorder’s acquisitions have grown from a single used car dealership.

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Macy’s outlet store to open at shopping center in Dayton area

Published: Wednesday, February 21, 2018 @ 8:54 AM

Macy's announced 5,000 job cuts and seven more store closures.

Macy’s is renovating one of its existing stores in the Dayton area to add an outlet store, according to a permit submitted to the Montgomery County Building Regulations Division.

Macy’s submitted a permit for a partial remodel of its existing Macy’s department store located at 2700 Miamisburg Centerville Road at the Dayton Mall. The estimated market value of the completed project is $75,000.

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The permit indicates the project is a partial building alteration to make space for a 1,300-square-foot Macy’s Backstage outlet.

The department store chain has invested in its off-price concept, called Macy’s Backstage. The company added 11 new Backstage stores within existing Macy’s stores in the first quarter of 2017. The stores, similar to Nordstrom Rack, offer discounted prices on brand clothing up to 80 percent off.

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This would be the first Backstage concept in Ohio. The chain has outlets in Alabama, Connecticut, Florida, Georgia, Illinois, Indiana, Maryland, Michigan, Missouri, New Jersey, New York, Pennsylvania, Rhode Island, Tennessee, Texas, Virginia and Wisconsin.

This news organization has reached out to a Macy’s spokeswoman for more information about the project.

In January, the company announced the closure of 11 Macy’s stores — including one in downtown Cincinnati. It’s part of the retailer’s plan to close approximately 100 stores, which was announced back in August 2016.

The following Macy’s stores will be closing in early 2018. In most cases, clearance sales started Jan. 8 and run for approximately 8 to 12 weeks. Macy’s has closed a total of 124 stores since 2015.

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