Local Trends in St. Louis
COMMERCIAL REAL ESTATE NOTES
(St. Louis Post-Dispatch, 8/15)
Click here for a list of the past week’s transactions.
THE NEW OFFICE: ST. LOUIS’ GROWING COWORKING SPACES
(Techli, Samuel Weigley, 8/8)
TechArtista is not your typical office building. Located in the Central West End, the building houses about 40 different small companies at any given time. The members generally have their own office, but share conference rooms, open floor space, a kitchen, a ping-pong table and even an outdoor patio. Click here for the full story.
ST. LOUIS INDUSTRIAL MARKET SURGING
(St. Louis Post-Dispatch, Tim Bryant, 8/7)
Halfway through 2014, the St. Louis area’s industrial real estate market is perking along at its best pace in a decade. Click here for the full story.
HOAs SEEK SHELTER IN PROFESSIONAL MANAGEMENT
(REALTOR® Mag, Paula Hess, August 2014)
Fallout from the recession and the increasing complexity of property management are prompting HOAs and common-interest developments (CIDs) to rethink self-management and look beyond their members for professional management services. Click here for the full story.
LOW RATES BOOST REITs, COMMERCIAL REAL ESTATE STOCKS
(CNBC, Diana Olick, 8/8)
As interest rates hover near recent lows, and investors search for anything with yield, commercial real estate is finding its footing yet again, outperforming the broader U.S. stock market. Click here for the full story.
WHY STUDENT HOUSING BEATS MULTIFAMILY
(GlobeSt.com, Jennifer LeClaire, 7/29)
Student housing is finding its way onto more investor radar screens, and same say it may be a safer bet than multifamily. Although the demand for student housing will never outpace traditional multifamily from a occupant’s perspective, it may form an investor’s mindset. Click here for the full story.
NAR COMMENTS ON UAV POLICY
(NAR, Russell Riggs, & Stephane Spear, 7/25)
NAR submitted comments on the Federal Aviation Administration’s (FAA) recent “Interpretation of the Special Rule for Model Aircraft,” which specifically mentions REALTORS® use of Unmanned Aerial Vehicles (UAVs) for taking property videos as being a commercial use and therefore prohibited under FAA policy. Click here for the full report.
C&W: U.S. INDUSTRIAL LEADING U.S. COMMERCIAL REAL ESTATE RECOVERY
(REJournals.com, John Morris, 7.21)
With vacancy rates and speculative construction back to pre-recession levels, the U.S. industrial sector at mid-year 2014 continues to lead the country’s commercial real estate recovery. Click here for the full story.