Local Trends in St. Louis
U.S. FEDERAL RESERVE BEIGE BOOK: ST LOUIS DISTRICT
Click here to read the full report.
VACANCIES SLIDE AS ST. LOUIS APARTMENT MARKET RECOVERS
(St. Louis Post-Dispatch, Jim Gallagher, 12/01)
Rents are up a little. Vacancy rates are down considerably. Landlords are happy, but they are not happy enough to start building lots of new apartments. Click here to read the full story.
LA FUND ACQUIRES ENERGIZER AND PANERA HQs
(St. Louis Post-Dispatch, Tim Bryant, 11/19)
The suburban St. Louis headquarters of Energizer Holdings and Panera Bread are among six properties acquired by Tryperion Partners, a real estate investment fund based in Los Angeles. Click here to read the full story.
ST. LOUIS MOVES UP IN ANNUAL REAL ESTATE REPORT
(St. Louis Post-Dispatch, Tim Bryant, 11/11)
St. Louis jumps up seven spots in an annual outlook for real estate investment but remains in the bottom third of 51 U.S. metro areas examined. To read the full story click here.
Press clippings courtesy of the St. Louis Regional Chamber
CCIM INSTITUTE RELEASES 2014 DESIGNATION COURSE SCHEDULE
The CCIM Institute, the world’s largest network of commercial real estate professionals headquartered in Chicago, has released is 2014 designation curriculum course schedule. The courses, encompassing a wide range of investment, financial, and market analysis concepts for commercial real estate, are offered in traditional classroom, online instructor-led, and online self-paced formats. To learn more about the courses and designation click here.
BIG FIRMS TRADE THE SUBURBS FOR THE CITY
(Daily Real Estate News, 12/05)
Some of the largest companies in America are swapping their suburban campuses for downtown office space, betting that such a move will help them recruit new employees. Click here to read the full story.
NO CAUSE FOR ALARM
(REALTOR®Mag, Mariwyn Evans, November 2013)
Cassidy Turley’s Chief Economist Kevin J. Thorpe explains why neither rising interest rates nor the tapering of the government’s quantitative easing are significant threats to the economy or commercial real estate. To read the full conversation click here.
COMMERCIAL REAL ESTATE GROWTH TO SLOW IN 2014, ANALYST SAYS
(REIT.com, Sarah Borchersen-Keto, 11/27)
After exhibiting an “incredible” pace of recovery since 2009, growth in the commercial real estate sector will likely slow during the coming year, according to Bob O’Brien, U.S. leader for real estate services at Deloitte & Touche LLP. Click here to read the full story.
WORKING WITH DEVELOPERS
(National Association of REALTORS®, 11/26)
In this edition of the Commercial Connections Podcast, host Alex Ruggieri talks to William (Bill) Stonaker, CCIM, President of Wilson & Stonaker, L.L.C., a full service commercial investment real estate firm focused on the acquisition, development, and syndication of value-added real estate transactions. Stonaker defines the developer’s role and lays out what you need to know to best work with developers. Click here to listen to the podcast.
MODEST GROWTH SEEN IN COMMERCIAL REAL ESTATE MARKETS
(Daily Real Estate News, 11/22)
Commercial real estate leasing patterns are showing steady but modest growth, according to the National Association of REALTORS® quarterly commercial real estate forecast. To read the full story click here.
CREATE VALUE FOR YOUR CLIENTS BY WORKING SMARTER
Alex Ruggieri’s guest on this podcast is Barry M. Wolf, Vice President Investments with Marcus & Millichap in Fort Lauderdale, Fla. In this discussion, Barry talks about creating value for his clients, his “two 6 o’clocks” rule, and achieving success without reinventing the wheel. Barry is a director of both Marcus & Millichap’s National Retail Group and its Net Leased Properties Group. Click here to listen to the podcast.
REBOUND IN MARKET FOR SUBURBAN OFFICE SPACE
(Daily Real Estate News, 11/14)
The market for suburban office space – which saw vacancy rates spike above 30 percent in some areas of the country a few years ago – appears to be making up for big losses during the recession. Click here to read the full story.
EXEMPT: REAL ESTATE PROS AND THE SO-CALLED MEDICARE TAX
(Commercial Observer, Billy Gray, 11/12)
Somewhat lost in the welter of caterwauling and chaos surrounding the Affordable Care Act rollout was a 3.8 percent tax on certain investment income that included real estate and exempted qualified real estate professionals. To read the full story click here.