Former EF Hutton suspends operations, in $12 million debt

6 recent business stories from the Springfield area

Anyone interested in applying can send an e-mail to Lora Risner at LRisner@mercy.com or go to mercy.com/careers and search job ID R007608 for more information, according to a hospital press release.

»PREVIOUS REPORT: Construction has begun on new Enon hospital, job interviews set

Here are five other business stories The Springfield News-Sun recently reported.

Code Blue in Springfield hiring for more than 150 jobs

Code Blue’s downtown office might add more than 100 new jobs. Bill Lackey/Staff
Photo: Staff Writer

Code Blue, a water mitigation firm in downtown Springfield is hiring 169 full-time positions and some part-time positions.

As of April 8, the firm was in the process of hiring its first 70 employees.

The job additions are a result of transformations the company has undergone since Founder Paul Gross and CEO Dan Wilson purchased the company Feb. 22 last year, Gross said. 

»PREVIOUS REPORT: Code Blue in Springfield hiring for more than 150 jobs: What we know so far

Since then, the company has introduced new products, promoted from within and brought in outside talent, Gross said.

After the firm fulfills its vacant positions it will have about 350 employees, making it one of the largest employers in downtown Springfield.

Honda shutting down production line in Marysville

Employees look over 2018 Honda Accord vehicle before being driven off the assembly line at the Honda of America Manufacturing Inc. Marysville Auto Plant in Marysville in December 2017. Bloomberg photo by Ty Wright.
Photo: Staff Writer

Starting Aug. 1, Honda plans to shut down a second-shift production line at its Marysville assembly plant for a “few years.”

The company said the move will not affect employment.

The move also affects engine production at the Anna plant.

»PREVIOUS: Honda will suspend shift on Marysville production line

Honda has more than 1,400 employees from Clark and Champaign counties and about 13,000 Ohioans overall. 

The automaker has never laid off full-time staff members or employees in Ohio, the company said.

The L in Springfield already booked through December

Sheila Lash Rice shows off one of the rooms in “The L”, a small banquet facility on South Yellow Springs Street. BILL LACKEY/STAFF
Photo: Staff Writer

The L, a newly opened event space in Springfield, is so successful that it is almost booked until December.

Owner Sheila Lash Rice describes the business as, “a small event center for small events like baby showers, family gatherings, church events and meetings.”

»PREVIOUS: New Springfield business thriving, already booked through December

The event space is divided into individual rooms that contain their own restrooms and kitchens. It is available for rent on Thursdays, Fridays, Saturdays and Sundays - and at no more than $200.

Prominent downtown Springfield building now subject of foreclosure lawsuit

EF Hutton Tower in downtown Springfield. Bill Lackey/Staff
Photo: Staff Writer

One of the most prominent buildings in downtown Springfield is now the subject of a foreclosure court filing that alleges payments on a mortgage is delinquent millions of dollars. 

 »PREVIOUS: Prominent downtown Springfield building now subject of foreclosure lawsuit

Peer Street Funding, Inc. filed a complaint on a commercial note and to foreclose on 1 Main Street, now known as EF Hutton Tower, in Clark County Common Pleas Court. The lawsuit also asks the court to order the building be sold so the debt can be paid.

»PREVIOUS: Former EF Hutton suspends operations, in $12 million debt

The lawsuit alleges Hutn, Inc., who has owned the building since September 2016, owes PS Funding more than $4.5 million on a mortgage the company took out in 2018. “Defendant Hutn, Inc., formerly known as EF Hutton America, Inc., has defaulted under the terms of the note as well as the security agreement,” the lawsuit states. “There is due to the plaintiff, $4,656,000, plus interest at the rate of 18 percent per year from November 1, 2018….” 

The building is 10 plus stories in the heart of downtown Springfield and commonly known as the former Credit Life Building.

Springfield Masonic Community renovating 59 apartments

The groundbreaking for the renovation at Iredell Gardens at Springfield Masonic Community took place on Thursday, April 18.
Photo: HANDOUT/Riley Newton

The Springfield Masonic Community is investing $1.75 million into renovating 59 apartments and a dining facility at the complex.

Construction on the Iredell Gardens Apartments, located at 9 Masonic Dr., will begin in early May and is expected to last nine months, according to Tom Maloney, COO and CFO for Ohio Masonic Home.

»PREVIOUS: Springfield Masonic Community renovating 59 apartments

Iredell Gardens has not had a major renovation since it was constructed in 2003.

After renovations, each one and two bedroom apartments at the complex are set to include a fully furnished kitchen, private bathroom, and a balcony or patio.

The new dining facility will include upscale dining options with a seasonal menu and outdoor patio seating.

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