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Published: Friday, February 09, 2018 @ 8:55 AM
A yoga studio will open a second location in downtown Dayton next week.
Speakeasy Yoga will open its second downtown studio in the same building as the Wheelhouse Lofts on 210 Wayne Ave on Monday. The studio opens at noon for “Strong” breath-based vinyasa flow class followed by a 5:45 p.m. “Simple” class that is geared toward yoga foundations.
» TRENDING BUSINESS NEWS: Amazon launches grocery delivery from Whole Foods in Ohio
The Wayne studio will offer two to three classes everyday with plans to increase frequency later this year. This studio will be unheated.
Speakeasy will also offer an opening special for new students — $30 for 30 days of yoga.
FIVE FAST BUSINESS READS
Published: Friday, May 18, 2018 @ 1:46 PM
WEST CHESTER TWP. — The building that houses AK Steel’s corporate headquarters in now under new ownership.
The four-story structure at 9227 Centre Pointe Drive in West Chester Twp., which is located on 6.86 acres just west of Interstate 75, sold May 4 for $25 million, according to Butler County Auditor’s Office records.
The property was sold by investment firm Franklin Street Properties to Cole OFC West Chester LLC, an affiliate of real estate investment trust company Vereit.
AK Steel is Butler County’s third-largest employer with a total of approximately 2,400 full-time employees in the region, both at its Middletown Works facility and at its corporate headquarters.
The company moved its corporate headquarters from a 90-year-old Middletown facility to the 136,000-square-foot West Chester Twp. building in October 2007 with a 12-year term that has two five-year renewal options, according to U.S. Securities and Exchange Commission documents.
Published: Friday, May 18, 2018 @ 8:13 AM
— So far 548 workers and former workers have joined a class-action lawsuit over wages and scheduling against one of the Miami Valley’s fastest growing manufacturers, Fuyao Glass America.
The federal lawsuit has 548 class members and the deadline to join the suit is June 6, said attorney Bob DeRose, who works with the Columbus law firm suing Fuyao, a Moraine manufacturer of automobile and after-market glass.
DeRose could not say how many of the participants are current Fuyao employees, but he said the class does include current workers.
The suit was first filed in Dayton’s federal court last June by a former Fuyao employee, Julia Staggs. Staggs alleged that she worked overtime at Fuyao without being paid time-and-a-half wages. She also contends she and others were not completely relieved of duties during unpaid meal breaks and more.
The lawsuit also charged that during the Thanksgiving 2016 holiday weekend, Fuyao “promised” to pay Staggs and about 100 other employees time-and-one-half wages for all hours worked that weekend, as an enticement to get those employees to work extra hours.
Instead, the employees received $50 gift cards, the suit claimed.
In February, a federal judge granted class-action status to group of plaintiffs gathering behind the lawsuit.
DeRose said that to his knowledge, Fuyao has done nothing to discourage current workers from being involved.
“The company hasn’t done anything negative to our knowledge but they haven’t assisted us,” DeRose said. “An average response rate (to class-action suits) is between 10-15 percent, and we are at 13.7 percent, with a couple of weeks remaining, so we are happy. I would love to see 20 percent.”
He added: “The response has been steady, the natural flow is that it is at its highest at the beginning and toward the end.”
Attorneys representing Fuyao did not respond to a message seeking comment.
Published: Friday, May 18, 2018 @ 10:00 AM
— The new owner of the Newcom building in downtown Dayton said Friday he intends to “bring it back to life.”
Charlie Samaan owns properties across the Dayton area, including the J.D. Legends Entertainment complex in Franklin. Montgomery County property records this week showed that Newcom Building Co. sold the apartment building at 255 N. Main St. to Samaan Enterprises Inc. for $300,000.
The seven-story apartment building was in the news earlier this year when Dayton city government ordered residents to vacate the structure after previous owners failed to fix a malfunctioning heating system, making the building unsafe to live in.
RELATED: Troubled downtown Dayton building sold
City officials said at the time of the order in January they intended to board up the building, sometimes known as “Newcom Manor,” unless the heating system was repaired.
Shortly after, a judge said the then-building owner must buy infrared heaters for what were then a remaining 18 tenants still in the building.
But that’s the past. Samaan, the new owner, said Friday the first order of business is installing a new boiler.
“I ordered a brand new boiler,” he said. “It should be installed in about two more weeks.”
He said he intends to update the apartments and will work with the Dayton-Montgomery County Port Authority on improving parking.
“We are updating the entire building one unit at a time,” Samaan said. “We’re re-doing the entry. We’re bringing it to back life, really.”
“It’s going to go a little bit more upscale than what it is now, of course,” he added. “We’re remodeling the penthouse. The penthouse will have access to the rooftop, too.”
Samaan said he likes what he sees in downtown Dayton and wants to be part of it.
The Newcom building, built in 1907, “is a beautiful, historic building, with lots of potential.”
“We love the area,” Samaan added. “The growth of downtown Dayton has been wonderful, and we want to continue with that growth. We see a lot of potential downtown.”
Published: Friday, May 18, 2018 @ 8:48 AM
— With big gains in transportation, utilities and business services, Ohio’s unemployment rate dropped slightly last month, to 4.3 percent down from 4.4 percent the month before.
The number of unemployed Ohioans has fallen by 43,000 people in the past year, while goods-producing industries added 15,100 jobs and manufacturing added 10,500 jobs, the state said Friday.
Ohio’s non-farm employment decreased 1,000 over the month, from a revised 5,577,700 in March to 5,576,700 in April.
The April jobless rate for Ohio fell from 5.1 percent in April 2017.
Once again, Ohio’s unemployment rate is slightly higher than the national number. The U.S. unemployment rate for April was 3.9 percent, down from 4.1 percent in March, and down from 4.4 percent in April 2017.
Employment in goods-producing industries, at 926,300, fell 1,700 over April as losses in manufacturing, which lost 1,800 jobs, and mining and logging (a loss of 100 jobs) outpaced a gain of 200 jobs in construction.
RELATED: Middletown company cutting 60 jobs
The big winners were trade, transportation, and utilities (with 2,500 added jobs), professional and business services (2,300 added jobs), other services (+1,300 jobs), and information (+900).
Financial activities and educational and health services, as well as state and local government employment all saw losses.