Hope for a better year. That’s what the panelists at the 9th annual Cincinnati Commercial Real Estate Summit held by Midwest Real Estate News shared with the more than 100 CRE professionals who attended the Feb. 27 event.
Panelists said that the fundamentals of the Cincinnati commercial real estate industry remain strong, and that the market showed plenty of resilience during the last two years.
Panelists pointed to the multifamily and industrial sectors as being especially strong as the first quarter of 2025 rolls along. And the office sector? While that continues to struggle, as it has across the country, panelists did find slivers of hope for the office sector, especially for higher-end, Class-A properties.
In addition to panels focusing on new development activity, the capital markets and commercial financing, the event held at the Westin Cincinnati provided attendees with three hours of continuing education credit and an opportunity to network with their peers.
Participating on the Multifamily Apartment Market Update & Forecast: Opportunities & Challenges panel were Matt Newcomer, Executive Managing Director, Newmark; Chris Kohnen, Chief Investment Officer, Ackermann Group; Megan Lawhon, Chief Operating Officer, PLK Communities; Lloyd Cobble, Senior Vice President, Property Management, CIG Communities; and Robby Croswell, Vice President of Business Development and Sales Agent, BRG Realty Group.
Panelists shared plenty of good news during the second panel of the event, the Cincinnati Market Sector Update – Industrial, Office, Retail, Finance, Construction, Investment panel. Speaking on this panel were Todd Pease, Senior Vice President, JLL; Joshua M. Rothstein, Vice President, Sales & Leasing, OnSite Retail Group; Jim Carmichael, Senior Portfolio Manager, BHHS PRO – The Carmichael Group; Chas Cook, Vice President,Lee & Associates|Cincinnati; Traci Boeing, SVP and Commercial Banker and Team Lead, WesBanco Bank, Inc.; and James Devanney, Senior Business Development Manager, Paul Hemmer Company.
The focus was on growth and an increase in commercial construction activity during the Transforming Downtown and Suburban Markets Development — Game Changer Projects panel. Participating on this panel were Jeff Chamot, Director of Development, Neyer Properties; Anthony Cadle, Economic Development Division Manager, City of Cincinnati Department of Community & Economic Development; Sara Bedinghaus, Development Director, 3CDC; Bill Baker, Vice President and Managing Partner, MSA Design; and Andy Conklin, Executive Vice President, Sales and Marketing, Visit Cincy.
Members of CREW Greater Cincinnati.
