St. Louis Commercial REALTORS® welcomed its 2023 President
St. Louis Commercial REALTORS® welcomed its 2023 President, Brandon K. Smart, CCIM on Tuesday, January 31, 2023. Smart was installed as the Commercial Board's president at Armory STL, surrounded by fellow incoming board members and business colleagues. As president, Smart and the Association's board of directors represent over 670 commercial real estate members in St. Louis City and County and throughout the region.
New HQ for NOVUS Health
It was a pleasure representing NOVUS Health in the site selection and negotiation of its new Headquarters in St. Louis. Be on the lookout for announcements on the start of construction. To learn more about NOVUS Health, please visit https://novushealthstl.org.
New HQ for Auragent Bioscience
It was a pleasure representing Auragent Bioscience in the site selection and negotiation of its new Headquarters in Overland, MO. To learn more about Auragent Bioscience please visit https://www.auragentbio.com
St. Louis Port Authority Approves $1.2B Riverfront Mixed-Used Development South of The Arch Grounds
The St. Louis Port Authority voted to enter a redevelopment agreement on a $1.2 billion dollar redevelopment project south of Downtown. You can find the original article here; https://news.stlpublicradio.org/economy-business/2022-08-11/1-2-billion-plan-to-develop-downtown-st-louis-riverfront-gets-first-nod-from-port-authority
LEASING VERSUS BUYING
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. [...]
New HQ for Quantum Laboratory
It was a pleasure representing Quantum Laboratory in the site selection and negotiation of its new Headquarters in Maryland Heights, MO. Quantum Laboratory offers toxicology testing services to a variety of industries, including physician offices, employers, government agencies, health clinics, pain management practitioners, and rehabilitation centers. To learn more about Quantum Laboratory please visit https://www.quantumlabgroup.com.
New HQ for Rebundle
It was a pleasure representing Rebundle in the site selection and negotiation of its new Headquarters in St. Louis, MO. Rebundle is revolutionizing hair extensions with more comfort and less waste with a non-toxic, biodegradable plant that is better for your scalp and better for the environment. To learn more about Rebundle please visit https://rebundle.co
VALUING YOUR COMMERCIAL REAL ESTATE
Whether or not you are ready to sell a property, estimating its value is a great place to start. Here are some tips for valuing your commercial property. ESTABLISH A PRICING STRATEGY Comparable properties A commercial real estate agent can run a ‘comparable properties report,’ indicating the price similar buildings have sold for, the date of sale, and proximity to your building. This will give [...]
St. Louis Business Journal #40under40
Our president was honored last month as a member of the 2021 St. Louis Business Journal #40under40. Check out his Q&A to learn how giving back to the community is central to doing good business. "For more than 25 years, the St. Louis Business Journal has honored emerging leaders of the local business community with its 40 Under 40 program. Selecting honorees for this program is [...]
New HQ for BiCell Scientific®
It was a pleasure representing BiCell Scientific® on your new HQ in Maryland Heights, MO, Headquarters. BiCell Scientific® is dedicated to antibody manufacturing and validation. BiCell Scientific® offers a large collection of pre-validated antibodies. To learn more about BiCell Scientific® please visit https://bicellscientific.com
New HQ For Bold Xchange
It was a pleasure representing Bold Xchange in the site selection and negotiation of its new Headquarters in St. Louis, MO. Bold Xchange is the most convenient way to buy black online. The platform emphasizes ease, vetting brands with on-camera product reviews, and guaranteeing fast shipping for every order. With a curated collection of products from black-owned brands, Bold Xchange takes the guesswork out of supporting [...]
New HQ For Greene Fox
It was a pleasure representing Greene Fox in the site selection for cultivation, processing, and manufacturing facility. From plant processing to dispensary operations, Greene Fox is committed to developing and nurturing cannabis brands that set new industry standards. To learn more about Greene Fox please visit https://greenefox.com
St. Louis Construction Pipeline May Present Potential Shift
While most St. Louis suburban areas have performed well in terms of vacancy and rent growth, Downtown St. Louis has struggled. Downtown vacancies are higher than any other neighborhood, at about 16%. Rents last year declined and are stagnant to begin 2021, while almost all other St. Louis areas posted rent growth. Suburban areas such as Mid County, West County, and St. Charles County maintain [...]
Workforce Preferences Will Drive the New Office Model
Barclays is on the cusp of making a big decision. It is currently weighing whether to scale back its real estate footprint in the US, UK and India, according to anonymous sources cited in a Bloomberg report. The Barclays board has not made a final decision on the extent and timing of any measures, people with knowledge of the matter told the publication. One hint [...]
New HQ For Golden Grocer
Congratulations to Golden Grocer on your new Headquarters. Located at, 4501 Chouteau Ave, St. Louis, MO 63110, Golden Grocer is a wellness store offering organic produce, plant-based groceries, natural beverages, bulk herbs and spices, dietary supplements, natural beauty products, and cleaning products. To learn more about Golden Grocer please visit http://www.goldengrocerstl.com
The Time Is Ripe For Ghost Kitchens To Expand
In the restaurant industry, that’s now in flux, with many states only permitting outdoor dining and waiting to restore indoor dining, the concept of ghost kitchens, which offers delivery and pickup only from shared facilities, is suddenly on the upswing. Why spend half a million dollars or more to open a brick and mortar eatery, when a restaurateur can launch a ghost or virtual kitchen [...]
Amazon Plans Its First 4-Star Brick-and-Mortar in Missouri
The St. Louis Galleria Mall will be the new home of an Amazon 4-star store soon, the very first in the state. The Amazon 4-star store will allow its customers to find and buy products such as electronics, toys, and games in-store. Every product has been rated four stars or higher by shoppers, or listed as a top seller on the website. Prime members will [...]
Guidance for Rent Relief Requests and Other Commercial Real Estate Tenant/Landlord Issues
The COVID-19 pandemic continues to disrupt public health and economic activities across the globe. While the full effects of the virus remain to be seen, commercial real estate professionals need to be prepared for what could be a challenging time. Relationships between tenants and landlords will be disrupted as millions of people shelter in place, thousands of businesses close their doors, and the U.S. economy [...]
At NGA groundbreaking, officials dig into potential for industry, North City
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 [...]
Opportunity Zone Sales Increase $1.4 Billion
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 [...]
Affordable Housing Delivers ‘Lower Beta’ Income Stream
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 [...]
How Opportunity Zones and Co-Working Spaces Joined Forces
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 [...]
Twitter Founder’s Other Tech Company Leases Its Biggest Office Outside Bay Area
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, [...]
Renewable Energy: Former Shell HQ to Be Transformed Into a Double Hotel
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 [...]
Build-A-Bear Workshop to Relocate Headquarters in St. Louis Area
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, [...]
The local developers? They’re back in St. Louis
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 [...]
Governor Parson makes appointments to Boards & Commissions, fills county office vacancy
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 [...]
First look at student housing in Winco Foods parking lot
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 [...]