Local Trends in St. Louis
COMMERCIAL REAL ESTATE NOTES
(St. Louis Post-Dispatch, 9/12)
Click here for a list of the past week’s transactions.
ST. LOUIS DEVELOPER HAYDEN BUYING LACLEDE GAS BUILDING
(St. Louis Business Journal, Brian Feldt, 9/12)
St. Louis developer Brian Hayden has purchased the Laclede Gas Building at 720 Olive St. downtown. Click here for the full story.
PROPOSED $199 MILLION ST. LOUIS BOND ISSUE PUT ON HOLD
(St. Louis Post-Dispatch, Nicholas J.C. Pistor, 8/26)
A proposed $199.5 million bond issue to fund infrastructure improvements in the city has been put on hold. Officials had hoped to put the real estate tax increase measure in front of voters by this month. Click here for the full story.
LACLEDE GROUP TO MOVE SOME EMPLOYEES TO BANK OF AMERICA PLAZA
(St. Louis Business Journal, Jacob Kirn, 8/25)
Laclede Group previously announced it would move its headquarters from 720 Olive St. to the General American Life Building, 700 Market ST., which is being developed by the Koman Group. Now, it’s become clear the General American building won’e house all of Laclede’s operations. Click here for the full story.
CREATIVE REUSE CAN SPUR COMMERCIAL DEALS
(Daily Real Estate News, 9/19)
Back in the bricks-and-mortar days, malls were like an Amazon you could drive to: For that effort, you could buy almost anything you needed and get instant gratification. But as online shopping and the return of Main Streets have squeezed malls, many have fallen unused. If your market contains any of these properties, reinventing them could put you at the center of the deal. Click here for the full story.
NAR COMMERCIAL REGULATORY UPDATE: LEASE ACCOUNTING
(NAR, September 2014)
NAR Government Affairs policy representative talk about the associations efforts to prevent lease accounting changes from hurting commercial real estate. Click here to watch the video.
FIVE REASONS TO BUY VS. RENT COMMERCIAL SPACE
(theSOURCE, Chinwe Onyeagoro, 9/18)
Purchasing commercial real estate is huge decision that has far reaching impacts on your business’ cash flow, balance sheet, and funding options. So it is really important that entrepreneurs take their time and carefully consider when and why it might make sense to stop renting and invest in commercial property. Click here for the full story.
COMMERCIAL REAL ESTATE LENDING ON THE RISE
Buoyed by low interest rates and increasingly favorable market conditions, banks are expanding their lending footprint into commercial real estate and construction. Click here for the full story.
A BIGGER ROLE FOR BANKS IN COMMERCIAL REAL ESTATE LENDING
(Forbes, Mary Ellen Biery, 9/14)
U.S. banks are seeing some of the lowest loss rates of the past six years on commercial real estate and construction loans, boosting their case for increased lending activity in the sector. Click here for the full story.
INVESTORS LOOK AWAY FROM MULTIFAMILY ASSETS
(Commercial Observer, Sam Chandan, 9/11)
With an eye to real estate’s next opportunity, cyclical investors and their lending counterparts are shifting their attention away from the apartment sector in increasing numbers. Click here for the full story.
RENEW TRIA…OR ELSE
(Commercial Observer, Rick Lazio, 9/5)
The renewal of the Terrorism Risk Insurance Act isn’t simply good for business. It’s good for the economy, and it’s good for the people of the United States. Click here for the full story,
GREEN BUILDING UPDATES BENEFIT YOUR BOTTOM LINE
(REALTORMag, Grant Boelter, August 2014)
When green building expert Stephen Todd talks to business owners about office-wide energy-saving measures, feel-good environmental factors rarely enter into the conversation. Click here for the full story.
COMMERCIAL SECTORS SURGE ON IMPROVED ECONOMY
(Daily Real Estate News, 8.27)
After several false starts, the economy is finally gaining ground, and stronger growth is boosting the outlook for all of the major commercial real estate sectors, according to the National Association of REALTORS®’ quarterly commercial real estate forecast. Click here for the full story.
FLEX OFFICE SPACE OFFERS BETTER FUNCTION, MORE CULTURE
(Community Impact Newspaper, 8/27)
As some companies change how they communicate with employees, many firms are seeking flexible spaces instead of traditional offices to accommodate a shift toward collaboration. Click here for the full story.
SMART BRACELETS: THE FUTURE OF ACCESS CONTROL?
Security concerns are always balanced by the need for occupants to have easy facility access when they need it. A new technology developed by the Tecnalia Applied Research Centre in partnership with the Palladium Hotel Group and Paypal could change that by combining personalized access with daily functionality. Click here for the full story.
IMPROVING ECONOMY SLOWLY BRIGHTENS OUTLOOK FOR COMMERCIAL REAL ESTATE
(NAR, Adam DeSanctis, 08/26)
The strong rebound in economic growth during the second quarter and ongoing job creation are gradually improving the outlook for all of the major commercial real estate sectors according to the National Association of REALTORS® quarterly commercial real estate forecast. Click here for the full story.
SIX LEGAL DO’S AND DON’TS FOR YOUR OFFICE RENTAL
(St. Louis Business Journal, Lisa Honey, 8/25)
Share this with your clients! The right space for your business can make or break your success. It’s not easy to balance pragmatism with your pocketbook and picking the perfect pad, but it’s crucial to make the right choice for your business. Click here for the full story.
DRONE-RULE UPROAR SHOWS HURDLES TO U.S. COMMERCIAL RULES
Bloomberg News, Alan Levin, 8/23)
Aviation regulators trying to control the flood of inexpensive drones buzzing U.S. skies are drawing fire. Hobbyists who’ve been flying unmanned airplanes and helicopters for decades asked the U.S. Court of Appeals for the District of Columbia Circuit yesterday to block what they see as new restrictions imposed in June on the recreational flights. Click here for the full story.