Commercial construction slows in Kentucky, Ohio
Commercial developers in Cincinnati and Northern Kentucky expect a slow year in 2009 and note that many speculative projects without financing are now on hold. "Unless there is significant pre-leasing that has taken place, I don't see any new construction going forward in 2009," said Scott Yards, vice president of the CB Richard Ellis office properties group. At least $750 million in projects has been placed on hold.
Cincinnati Enquirer, The
| 12/28
This story published in AGC SmartBrief on 12/29/2008
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