NAI Isaac - Central KY Commercial Real Estate Blog

Unemployment rates fell in 83 Kentucky counties between January 2012 and January 2013, while 33 county rates increased and four stayed the same, according to the Kentucky Office of Employment and Training, an agency of the Kentucky Education and Workforce Development Cabinet. Read full story here: http://www.lanereport.com/19482/2013/03/unemployment-rates-down-in-83-counties-in-january/?utm_source=Faster%20Lane%20Newsletter&utm_medium=Email&utm_campaign=march-14-2013

Lexington, KY came in at 7th in the nation by number of projects among metros with populations of 200,000 to 1 million, according to Site Selection magazine. Companies across the nation and around the world are recognizing Lexington as a great place to do business. Read the full article here:  http://www.siteselection.com/issues/2013/mar/top-metros.cfm

Lexmark International, Inc. (NYSE: LXK) today announced the completion of two acquisitions, San Francisco-based Twistage and Seattle-based AccessVia. The total acquisition price for the companies combined is approximately $31.5 million.  Read full article here:  http://newsroom.lexmark.com/2013-03-05-Lexmark-acquires-Twistage-and-AccessVia

208-212 Woodland Avenue in Lexington, Kentucky is a +/-8,847 SF three-floor retail/apartment building now available for sale. Built in the 1920s, the building is situated on 0.1276 acres and includes the parking lot at 504 East High Street. Scheller’s Fitness & Cycling occupies the full first floor and there are 4 apartments on the upper levels. This investment opportunity is located at the corner of Woodland Avenue and Maxwell Street and close to downtown Lexington, the University of Kentucky and Woodland Park. Al Isaac and John Miller are the sales brokers for the property.

Lexington KY made a return to the list of Forbes' Top 25 Best Places to Retire for 2013. Read the full article here: http://www.forbes.com/pictures/mjf45glmi/lexington-kentucky-2/

Doughby’s Restaurant will open its 1st Lexington location in The Lex at 501 South Broadway in downtown Lexington. Doughby’s Restaurant features a variety of calzones and crepes for delivery and carry-out. The restaurant is slated to open in March 2013. Doughby’s Restaurant’s original location is on Miami University campus in Oxford, Ohio. Visit www.doughbys.com for more information. The Lex is a dynamic mixed-use development two blocks west of the University of Kentucky campus and two blocks south of Rupp Arena. The Lex features first class residential amenities, an urban plaza, and retail storefronts in an environmentally friendly design. The residential portion of the project will help provide a built-in customer base for the retailers at The Lex. Paul Ray Smith and John P. Miller of NAI Isaac Commercial Properties, represented the Landlord in this transaction.