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So far St.Louis has created 36 blog entries.

St. Louis Market Snapshot Q3 2018

Cushman and Wakefield research shows construction in the St. Louis industrial market continues to grow with over 1 million square feet (msf) of new inventory, bringing year-to-date deliveries to above 3.5 msf. Developers remain aggressive with strong tenant demand and healthy rent growth. Average asking rates increased to $4.96 per-square-foot, increasing $0.39 over the past six months. The St. Louis office market recorded nearly 170,000 square feet (sf) positive net absorption. The Cortex Innovation District led activity with roughly 96,000 sf positive net absorption. The market’s 12.0% vacancy fell 30 basis points from last quarter, supporting strong rental income potential for investors. Cushman & Wakefield Q3 2108 Market Snapshot

2018-10-12T15:08:49-05:00October 12th, 2018|Market Research, News & Insights, Research|

Eagle Specialty Products Industrial Deal with Cushman & Wakefield

North City-based Eagle Specialty Products acquired the 467,000-square-foot industrial warehouse complex on 26 acres at 1 Lincoln Way in Berkeley for $1.35 million in a pre-auction bid. Cushman & Wakefield brokers Keith and Joe Schneider represented Eagle Specialty Products in the sale.  Sansone Group’s Jake Corrigan represented the seller, The Welfont Group. SKF will begin to move out in December of 2018, and Eagle Specialty Products and its subsidiary, Giani, Inc. will move into the space in the summer of 2019. Eagle and Giani’s current operation spans 3 buildings in North St. Louis City, 2 of its 3 current locations, 2216 N. Broadway and 2222 N 2nd St., will be sold at a later date. Led by owner and President Floyd Thomas III, and Vice President, Jack Wisor, Eagle Specialty Products, originally founded in 1959 and formerly known as Thomas & English, has grown to become a leading national manufacturer and [...]

2018-09-19T14:30:41-05:00September 19th, 2018|News & Insights|

Cushman and Wakefield Arranges $8.4M Multifamily Sale

ST. LOUIS, July 31, 2018 – Cushman and Wakefield has arranged the $8.4 million sale of PW Shoe Loft Apartments, a loft-style multifamily apartment building with ground-level retail located at 3433 Locust Street. Bobby Mills, Mike Hanrahan, and Paul Hilton of Cushman & Wakefield’s St. Louis office represented the seller, PW Shoe Lofts, LP, in the transaction. Ridgehouse Capital acquired the property. “Our Cushman & Wakefield team is pleased to have represented the seller of this luxury multifamily property,” Mills said. “Our team’s marketing efforts resulted in premium pricing for the St. Louis market, which is another example of investor’s strong appetite for multifamily properties in the St. Louis Metro.” PW Shoe Lofts is a luxury, loft-style apartment building located in Midtown St. Louis. The asset is strategically positioned adjacent to St. Louis University, offering 34 high-end lofts for students and other residents searching for a live/work/play environment. In addition [...]

2018-07-31T16:15:19-05:00July 31st, 2018|News & Insights|

St. Louis Industrial Market Absorption Expanding; Strong Leasing Activity in Suburban Office Space

St. Louis Industrial Market Expands with 2.2 MSF of Positive Net Absorption in the Second Quarter New Large blocks of Suburban Office Space and Strong Leasing Activity to Continue in 2018 ST. LOUIS, July 18, 2018 – Cushman & Wakefield announced the St. Louis industrial market recorded 2.2 million square feet (msf) of positive absorption in the second quarter of 2018. For the St. Louis office market, suburban asking rates reached an average of $20.14 per square foot (psf), increasing by $0.32 psf quarter-over-quarter as tenant demand remains strong. “Development activity has been the biggest story over the past several years with 4.6 million square feet (msf) of new industrial construction and 571,000 sf of new office construction in 2017,” said Brian Ungles, Managing Principal, Cushman & Wakefield, St. Louis. “We expect that trend to continue, as we had 1.5 msf of office space and 5.8 msf of industrial space [...]

2018-07-19T15:15:06-05:00July 18th, 2018|Market Research, News & Insights, Research|

WIN St. Louis Chapter 2018 Lunch & Learn

More than 70 associates attended the WIN Lunch & Learn hosted by the St. Louis Chapter. The event was focused on helping WIN members create strong professional bios while giving them an opportunity to update their profile picture as well. It was a great event that allowed attendees to network with associates in other offices and departments across the St. Louis region. WIN Lunch and Learn St Louis 2018 WIN Lunch and Learn St Louis 2018    

2018-06-27T11:09:18-05:00June 27th, 2018|News & Insights|

Cushman & Wakefield Honored as a 2018 Top Workplace by the St. Louis Post-Dispatch

Cushman & Wakefield Honored as a 2018 Top Workplace by the St. Louis Post-Dispatch!          Based on survey responses from more than 44,000 people, the St. Louis Post-Dispatch is able to name 150 area employers as Top Workplaces for 2018. These employers — ranging from small businesses to some of the region's biggest corporations — share key qualities: effective leadership, strong values, clear direction and motivated workers. Read more here about how top workplaces are identified. At Cushman & Wakefield, we firmly believe our greatest asset is our amazing employees! Our success is a direct result of their dedication to consistently deliver superior value to our clients and to move our company forward. 2018 Top Workplaces Event Attendees

2018-07-02T14:05:14-05:00June 26th, 2018|News & Insights|

33rd Annual Cushman & Wakefield/Ronald McDonald House Golf Tournament & Dinner Auction

We would like to extend the sincerest thanks to all of those who assisted and volunteered at this year's 33rd Annual Cushman & Wakefield/Ronald McDonald House Golf Tournament & Dinner Auction. We are proud to announce that the RMH goal of $900k has been met and surpassed with a gross revenue of $922K, breaking previous records! At Cushman & Wakefield we firmly believe that our greatest asset is our network of highly skilled professionals committed to our community.  Volunteers are critical to the success of any organization or event, and want to remind you of just how much your efforts are greatly appreciated, year after year.  Volunteers make the difference in the lives of all the families that come through the Ronald McDonald House doors.  RMH is supported by more than 400,000 volunteers who dedicate their time and resources, allowing for more donations to be directed back to programs supporting [...]

2018-06-27T09:34:42-05:00June 20th, 2018|News & Insights|

Cushman & Wakefield Arranges Sale for Priderock Capital Partners

Cushman & Wakefield Arranges Sale for Priderock Capital Partners ST. LOUIS, Missouri, June 6, 2018 – Cushman & Wakefield has arranged the sale of Sun Valley Lake, a 680-unit apartment community located in St. Charles, Missouri. Mike Kemether of Cushman & Wakefield’s Atlanta office, along with Mike Hanrahan and Bobby Mills of Cushman & Wakefield’s St. Louis office, represented the seller, Priderock Capital Partners, in the transaction. Ascent Residential acquired the property. “Our Cushman & Wakefield team is pleased to have represented the seller, Priderock Capital Partners, in the sale of this iconic multifamily property,” Mills said. “Our collaborative marketing efforts with our Atlanta team successfully attracted a first-time buyer to the Midwest, which is another testament to the influx of new capital entering the St. Louis market as a result of higher yields that primary markets cannot offer.” Built in 1986, Sun Valley Lake is a premier Class A [...]

2018-06-20T08:33:57-05:00June 20th, 2018|News & Insights|

Remembering Clarence “Turk” Turley

ST. LOUIS, February 22, 2018 - Clarence "Turk" Turley, an icon in St. Louis real estate for 55 years, passed away peacefully on February 21, 2018, at the age of 89. A Korean War Veteran, Mr. Turley returned from service to work with his father in commercial real estate and was instrumental in the creation and development of Turley Martin - the most powerful commercial real estate firm in St. Louis. The Turley Martin Company evolved into Cassidy Turley, and in 2015 the Cassidy Turley organization merged with Cushman & Wakefield. Turk’s commitment to the St. Louis Community extended well beyond his retirement in 2008. He was also a staunch advocate for his clients and was a major contributor to the development of the company’s culture, treating everyone with respect and care. A great joke teller, Turk was committed to his friends and colleagues and will be remembered as a [...]

2018-04-13T10:02:13-05:00February 22nd, 2018|News & Insights|