News2019-08-05T19:47:36+00:00
801, 2020

LEASING VERSUS BUYING

January 8th, 2020|Categories: News|0 Comments

One major deciding factor is whether to buy or lease your commercial property. There are many pros and cons to each approach. The best option is wholly dependent on several variables. Cash outlay One of the most significant differences between buying and leasing a commercial property is the initial cash outlay. Purchasing is only an option for those that can afford a significant cash commitment. [...]

312, 2019

At NGA groundbreaking, officials dig into potential for industry, North City

December 3rd, 2019|Categories: News|0 Comments

Under a packed white tent Tuesday morning on Cass Avenue in North City, politicians, intelligence and military personnel and other civic leaders gathered to break ground not just on the National Geospatial-Intelligence Agency's new campus but what many hope will be a new future for north St. Louis City. Officials dug into the ceremonial pile of dirt to mark the beginning of the new $1.7 [...]

811, 2019

Opportunity Zone Sales Increase $1.4 Billion

November 8th, 2019|Categories: News|0 Comments

Apartments Lead All Property Sectors by Volume Through First Three Quarters of 2019   New data shows a boost in sales of properties sitting in federal opportunity zones, a trend backers hope to see accelerate as buyers seek lucrative tax breaks to invest in low-income areas around the country. Through the first three quarters of 2019, commercial property sales in the more than 8,700 designated [...]

511, 2019

VALUING YOUR COMMERCIAL REAL ESTATE

November 5th, 2019|Categories: Uncategorized|0 Comments

Whether or not you are ready to sell a property, estimating its value is a great place to start. Here are some tips to valuing your commercial property. ESTABLISH A PRICING STRATEGY Comparable properties  A commercial real estate agent can run a ‘comparable properties report,’ which will indicate the price that similar buildings have sold for, the date of sale and proximity to your building. [...]

2809, 2019

Affordable Housing Delivers ‘Lower Beta’ Income Stream

September 28th, 2019|Categories: News|0 Comments

A puzzlingly common misconception in the investing world holds that investments that take into account environmental, social and governance considerations entail a certain trade-off: doing good for people/communities versus turning a profit. While numerous meta-studies and academic papers have debunked this perceived trade-off, the stubborn misconception has persisted. This is true particularly in the real estate investment world, where many landlords or property owners seek [...]

2808, 2019

How Opportunity Zones and Co-Working Spaces Joined Forces

August 28th, 2019|Categories: News|0 Comments

Opportunity zones were created to spur development in distressed neighborhoods, but developers in some areas are struggling to find tenants for their new properties. Their savior may be another rising trend in commercial real estate: co-working. Lured by the lower cost of shared office space, start-ups also gain access to a network of eager investors looking for companies to back, a combination that is helping [...]

2808, 2019

Twitter Founder’s Other Tech Company Leases Its Biggest Office Outside Bay Area

August 28th, 2019|Categories: News|0 Comments

Square Inc., a San Francisco-based financial technology company owned by Twitter founder and CEO Jack Dorsey, signed an office lease in St. Louis that will allow the company to nearly double its headcount in Dorsey's hometown and take its biggest space outside the Bay Area. Square leased 225,000 square feet at 900 North Tucker, a 235,000-square-foot office building constructed in 1931 in downtown St. Louis, [...]

2808, 2019

Renewable Energy: Former Shell HQ to Be Transformed Into a Double Hotel

August 28th, 2019|Categories: News|0 Comments

The building that once housed the U.S. headquarters of Shell Petroleum Corp. in downtown St. Louis could soon be a Hilton-brand hotel. Two Hilton-brand hotels, actually. Developer Reimagine Hospitality is planning to invest $43.2 million into redeveloping the 112,000- square-foot, 13-story Shell Building at 1221 Locust St. in West Downtown into a dual-brand Hilton hotel. The proposed 191-room Home2 Suites-Tru hotel would be the first [...]

2808, 2019

Build-A-Bear Workshop to Relocate Headquarters in St. Louis Area

August 28th, 2019|Categories: News|0 Comments

After toying with a headquarters move for several years, Built-A-Bear Workshop announced plans to relocate its headquarters about 11 miles southeast to downtown St. Louis. The retailer’s new headquarters will be housed at 415 S. 18th St., dubbed the Grand Central building, according to a statement from Build-A-Bear. The new headquarters will support Build-A-Bear’s efforts to expand its e-commerce, digital content creation and licensing programs, [...]

2606, 2019

The local developers? They’re back in St. Louis

June 26th, 2019|Categories: News|0 Comments

Construction activity is on the rise throughout the St. Louis region. And that has kept St. Louis-based architecture firm HDA Architects busy. Of course, HDA is far from the only St. Louis-area architecture, development or commercial real estate firm that’s enjoying the benefits of the region’s heightened construction business. The St. Louis boom is keeping plenty of CRE companies busy today. “I’ve been here 19 years, and [...]

2506, 2019

Governor Parson makes appointments to Boards & Commissions, fills county office vacancy

June 25th, 2019|Categories: News|0 Comments

On Monday, Missouri Governor Parson announced 27 appointments to various boards, commissions, and county office vacancies. Nancy Gingrich, of Clarence, was appointed to the Truman State University Board of Governors. Ms. Gingrich is a retired educator with teaching experience at the high school level, Moberly Area Community College, and the Juvenile Office of Macon and Shelby Counties. She holds a Bachelor’s Degree in Education from [...]

2406, 2019

First look at student housing in Winco Foods parking lot

June 24th, 2019|Categories: News|0 Comments

BoiseDev first broke word of a new 7-story building along Myrtle St. in Downtown Boise earlier this year. Now we have our first look at how the project could look. WinCo Foods applied to build the project in March with a request to rezone the parcel that currently serves as parking across Ave A. from the grocer’s Downtown Boise store. The Boise Planning & Zoning Commission approved [...]