Dayton Mall-area shopping center sells for $2.2M

Published: Wednesday, March 14, 2018 @ 2:12 PM

A digital billboard at the Dayton Mall is one of several ways the Miami Crossing District in the area around the mall is being promoted. NICK BLIZZARD/STAFF
A digital billboard at the Dayton Mall is one of several ways the Miami Crossing District in the area around the mall is being promoted. NICK BLIZZARD/STAFF

A small strip shopping center near the Dayton Mall just sold for more than $2.2 million.

Heritage Hills Ltd sold the line of retail shops at 32 Fiesta Lane. off Prestige Plaza Drive, to Mason-based Glen Properties LLC for $2.25 million, according to Montgomery County property records.

The transaction was recorded Tuesday.

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The center is southwest of the intersection of Ohio 725 and Ohio 741, one of the Dayton area’s busiest intersections.

The site has about 10,000 square feet of space and is home to an Original Mattress Factory location.

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Glen Properties also owns an office building at 4977 Northcutt Place in Dayton.

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Here’s why Dayton-area home sales slowed in May

Published: Wednesday, June 20, 2018 @ 11:31 AM


            Bill Lackey/Staff
Bill Lackey/Staff

A record low supply of homes slowed the pace of home sales in the Dayton region.

The number of Dayton-area homes for sold in May dropped 2 percent compared to the same time last year, with 1,626 home sale reported for the month.

MORE: Dayton-area home sales up in April, inventory tight

One reason for the dip is the limited supply of homes available to buy, according to Dayton Realtors, which represents Montgomery, Greene, Darke, Warren, and Preble Counties.

The association said there is just a 2.4 months supply of homes available, which is a record low for the month of May.

While you might have limited homes to chose from, you’ll also likely have to pay more than you would have last year.

May’s median sales price came in at $145,000, up 8 percent from last year. The average price of $171,061 was also up 8 percent from the same time last year.

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Sales volume generated by May’s activity totaled $272.8 million, which is up 6.5 percent since last May.

There were 2,149 new listings added in May, down 1 percent from last year’s 2,173, while year-to-date listings tallied 8,710, a 2.8 percent decrease from the 8,960 submitted through May of last year.

Total inventory was llow, showing 3,968 properties available at month’s end, representing a supply of only 2.4 months based on May’s pace of sales.

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Real estate office opening in historic Dayton neighborhood

Published: Wednesday, June 20, 2018 @ 7:17 AM


            HER Realtors - Vintage plans to open an office at 1024 W. Third St. on Thursday with a 4:30 p.m. ribbon cutting ceremony. The building is pictured pre-renovation. PROPERTY RECORDS
HER Realtors - Vintage plans to open an office at 1024 W. Third St. on Thursday with a 4:30 p.m. ribbon cutting ceremony. The building is pictured pre-renovation. PROPERTY RECORDS

A real estate agency is preparing to open a new office in the Wright-Dunbar neighborhood.

HER Realtors - Vintage plans to open an office at 1024 W. Third St. on Thursday with a 4:30 p.m. ribbon cutting ceremony.

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HER Realtors stated that Shannon Jackson, the Realtor leading the new office, has long been interested in the revitalization efforts taking place in the historic Wright-Dunbar region and comes from a family of historians. The renovation of the building, dating back to the 1890s, was intended to preserve its original charm.

“When clients walk in, we want them to feel as though they have traveled back in time, complete with antique furnishings and collections,” stated Jackson. “We want to create a memorable experience and an agency that is truly community centered.”

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The meeting rooms are named in recognition of local historical figures - The Wright Brothers, Paul Lawrence Dunbar and Richard Allen, founder of the African Methodist Episcopal Church.

The real estate agency stated it invited Dr. Floyd Thomas, a national curator and historian from the Dayton area, to authenticate their efforts.

Jackson and her husband Kurt will be two of several HER agents working from this new office and will also be recruiting new agents.

“Shannon has been a member of the HER family of Realtors since 2011 and has played an integral role in expanding our presence in the Springfield and Dayton areas,” stated Anita Ricketts, HER Realtors Regional Vice President. “We are excited to support her vision and partner with her to provide outstanding home buying and selling services to the Miami Valley region.”

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The grand opening day also includes a series of events in partnership with the Dayton Aviation Heritage National Historical Park and Greene County Lewis A. Jackson Regional Airport, which includes:

12:30 p.m.: Arrival and Welcome Reception of CAF Red Tail Squadron’s restored P-51C model Mustang fighter (commonly flown by Tuskegee Airmen in WWII), Greene County Lewis A. Jackson Regional Airport, 140 N. Valley Road, Xenia

4:30 p.m.: Ribbon Cutting Ceremony, HER Realtors, 1024 W. Third St., Dayton

6:00 p.m.: Historical Perspective “Through the Eyes of a Tuskegee Airman” by Historian C.B. Rice, Dayton Aviation Heritage National Historical Park Auditorium, 16 S. Williams St., Dayton

7:30 p.m.: Gallery Walk Reception, HER Realtors, 1024 W. Third St., Dayton

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Want to own a piece of Applebee’s? Here’s how you can

Published: Wednesday, June 20, 2018 @ 8:00 AM

An Applebee’s in Middletown. FILE
An Applebee’s in Middletown. FILE

Interested in owning a piece of a closed Applebee’s restaurant?

All contents of the recently closed Applebee’s Grill & Bar restaurants in Illinois, Indiana, Kentucky — and one in the Dayton area — are to be auctioned off online, according to Biddergy.com.

RELATED: Applebee’s shuts down one of its Dayton-area restaurants

The online auctions will include contents belonging to Applebee’s sites at 6242 Wilmington Pike and 9595 Colerain Ave, in Cincinnati. The online auction for both sites will be 8 a.m. to 8 p.m. Monday June 25.

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Property to be auctioned off include furniture, kitchen equipment, supplies, booths and more.

RELATED: Applebee’s franchise owner breaks silence about local restaurant closing

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Those interested may preview items up for bid online and during the auctions starting next week at www.biddergy.com. The owner of the locations, RMH Franchise, which is Applebee’s second largest franchise recently filed for Chapter 11 bankruptcy protection.

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Atlanta-based RMH Franchise, which also has corporate offices in Lincoln, Nebraska, purchased all of the Applebee’s sites in central and southwest Ohio from a Lexington, Ky. franchise company in late 2013, a transaction that more than doubled the number of Applebee’s restaurants run by RMH.

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The local restaurant abruptly closed earlier this month.

Those without computers may contact Biddergy.com at (866) 260-1611 for more information.

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AMC Theatres announces $20-a-month rival to MoviePass

Published: Wednesday, June 20, 2018 @ 10:55 AM
Updated: Wednesday, June 20, 2018 @ 10:37 AM

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AMC Theatres, the world's largest movie theater chain, has unveiled a $20-a-month subscription service to rival the fledgling MoviePass.

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The theater chain on Wednesday announced a new service to its loyalty program, AMC Stubs, allowing subscribers to see up to three movies a week for a monthly fee of $19.95. That's more expensive than the $9.95 monthly fee for MoviePass, but AMC's plan gives access to premium format screenings like IMAX and 3-D.

The new subscription model is the latest salvo — and first major one from a top theater chain — in a heated battle for what the movie business most craves: frequent moviegoers.

AMC Theatres chief executive Adam Aron pointedly said in a statement that AMC's program is at a "sustainable price." Since MoviePass slashed its monthly fee, questions have mounted over the long-term viability of its economic model.

MoviePass has attracted 3 million members, but the stock price of the service's parent company, Helios and Matheson, has dropped from $38 a share to 44 cents a share. MoviePass pays for full-priced tickets and sells them at a discounted rate in order to capitalize on user data.

AMC Stubs A-List membership plan, which also features concessions discounts, will debut Tuesday. Unlike MoviePass, subscribers will be allowed to see all three movies on the same day, and can watch the same movie repeatedly. Movies won't carry over if a subscriber sees fewer than three films in a week.

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