Dayton office facilities selling

Office buildings in downtown Dayton are hot right now with investors.

At least five have been sold in recent months, and the prices they are fetching are no where near what they were 10 to 20 years ago.

The 14-story Talbott Tower sold for $1.8 million to a local property owner who plans to invest in upgrades and bring on new tenants. The same tower in 1985 sold for $9.75 million, according to property records.

Javad Adinehzadeh, principal of Talbott Tower Holdings LLC, told us he plans improvements to the building’s lighting, roof and elevators, its heating, ventilation and air-conditioning system and more.

The 131 N. Ludlow St. office building has a parking garage, offices and first floor retail space. The building was built in phases, with the earliest section dating back to 1937.

The building has 197,000 square feet and is about 60 percent occupied today, Adinehzadeh told us.

The Arcade developers recently bought the Kuhns Building at 45 S. Main St.

The developer in the ongoing Arcade development project, Baltimore-based Cross Street Partner, bought the building for $1.28 million. The building sold in 1987 for $1.7 million.

The Kuhns building is the only occupied, and previously renovated building, in the current Arcade complex.

The building was constructed in 1883. What is believed to be one of the first commercial mail chutes in the United States is found in the building, which was placed on the National Register of Historic Places in the late 1970s

CEO who moved company out at Teradata

Just four months after moving its headquarters from the Dayton area to San Diego, Teradata announced late last week it was making changes to the top of is leadership.

Oliver Ratzesberger is now president and chief executive of the giant data company, succeeding Victor Lund, who will be the company’s executive chairman of its board of directors.

Reporter Thomas Gnau reported last year Teradata closed its Austin Landing offices and moved to Rancho Bernardo, Calif., taking with it 200 high-paying jobs.

“Now is the right time for this leadership transition and Oliver is the correct person,” said Lund, who has served on the company’s board since 2007. “He is a technology visionary ... His track record at Teradata and in the industry make him a natural choice to be our next CEO.”

Since last January, Teradata’s stock has increased 16 percent and late last week was selling around 43.20 a share, up from

36.99.

Sears survives, but not here

Sears survived another week with the announcement that Eddie Lampert won the bid for Sears in an hours-long bankruptcy auction Monday, but it won’t save any local stores.

The chairman and former CEO’s $5.2 billion bid went through Monday and it could save 425 stores across the United State and 45,000 jobs.

No local stores were included in the auction since they’re already set to close. Stores at the Dayton Mall and Mall at Fairfifield Commons closed late last year. Piqua’s store will close in February and Springfifield’s will close in March.