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+00:00 February 22nd, 2018|In the News|

St. Louis Office Market Performs Well in Fourth Quarter

Industrial Market Sees 3.58 MSF Under Construction, Reports Cushman & Wakefield ST. LOUIS, January 12, 2018 – Cushman & Wakefield announced that the St. Louis office market had a stellar year in 2017 with 815,000 square feet (sf) of positive absorption. By the end of the fourth quarter, overall vacancy had dropped to 11.7%, more than 260 basis points lower than at the end of 2015. “Demand for additional office space continues to grow, and there are only a few large blocks of available space left,” said Brian Ungles, Managing Principal of Cushman & Wakefield’s St. Louis office. “The lack of available space has led to a significant increase in construction activity in the past year with 2.2 million square feet (msf) under construction, of which 86.1% is build-to-suit.” Annual absorption in West County (631,000 sf), was the highest it has been since 2006, driven by deliveries of several new [...]

2018-01-12T15:58:49+00:00 January 12th, 2018|In the News|

Cushman and Wakefield’s Jeremy Hemann Named to the “40 Under 40” Class of 2018 by St. Louis Business Journal

ST. LOUIS, December 28, 2017 – Cushman & Wakefield announced today that Chief Client Accounting Officer, Jeremy Hemann, has been named to the St. Louis Business Journal’s “40 Under 40” Class of 2018 from more than 500 nominations. Members of previous “40 Under 40” classes selected the class of 2018, represented by businesses from commercial real estate to health care to education fields and more. “I am honored to be selected as a recipient of this award.  To be included as part of a group with this level of talent is exciting and humbling.  More than anything, I would like to thank my team.  It's the dedicated and talented people that I have around me that enable my success." said Mr. Hemann. In his role, Mr. Hemann is responsible for oversight of the Client Accounting organization spanning the U.S. and Canada.  His team includes 425 professionals who are focused on servicing the [...]

2018-04-13T10:02:13+00:00 December 28th, 2017|In the News|

Congratulations Keith Schneider of Cushman & Wakefield: Midwest Real Estate News Magazine – 2017 Hall of Fame

Midwest Real Estate News Magazine has selected Keith Schneider as a member of the eighth class of the Midwest Commercial Real Estate Hall of Fame (2017). He is joining a select group of real estate professionals who have made a true difference in their industry and communities. The complete profile will appear in the December/January issue and online at  

2017-12-12T11:38:25+00:00 December 12th, 2017|In the News|

Tripp Hardin Joins Cushman & Wakefield as Executive Director in St. Louis

ST. LOUIS, November 6, 2017 – Cushman & Wakefield announced that Tripp Hardin has joined Cushman & Wakefield’s St. Louis office as Executive Director. “We are thrilled to have Tripp join our team,” said Brian Ungles, Managing Principal of Cushman & Wakefield’s St. Louis office. “He is widely regarded as one of the top-performing brokers within the local commercial real estate industry. During Tripp’s 30-year career, he has overseen many of the metro area’s prominent corporate real estate assignments and commercial property transactions. In his new role, Tripp’s clients will continue to receive exceptional representation.” Hardin’s transaction management capabilities include: corporate representation, portfolio services, site selection, build-to-suit projects, agency sales and leasing investment property sales, and consulting. He most recently worked as a broker for CBRE’s St. Louis office. “His leadership, experience, work ethic and business acumen are highly regarded, and these qualities will integrate well within our market-leading platform,” [...]

2018-04-13T10:02:13+00:00 November 16th, 2017|In the News|

Fireside Financial LLC Selects Cushman & Wakefield to Lease and Manage Grandview Office Park

ST. LOUIS, June 21, 2017 – Cushman & Wakefield announced today that Fireside Financial LLC has selected the firm to lease and manage Grandview Office Park, located at 12200 and 12250 Weber Hill Rd. in Sunset Hills, MO. The two Class A office buildings comprise 109,082 square feet and house 14 tenants in South County. Available space includes 2,360 square feet in Grandview Building I and 3,169 square feet in Grandview Building II. The available suites feature prominent first floor lobby exposures and are in good condition as the park underwent full-scale renovations in 2016. Ample surface and covered executive parking is offered. Grandview Office Park is highly visible and offers immediate access to Interstate 270. “After successfully working with Fireside Financial on the Creve Coeur Center asset a year ago, we look forward to continuing our partnership with them,” said Brian Ungles, Managing Principal of the St. Louis office. [...]

2018-04-13T10:02:13+00:00 June 21st, 2017|In the News|

St. Louis Industrial Market Continues Hot Streak in First Quarter

ST. LOUIS, April 17, 2017 – Cushman & Wakefield announced today that the St. Louis industrial market continued its hot streak, ending the first quarter of 2017 with 1.69 million square feet of net absorption and 1.74 million square feet (sf) of new inventory delivered. “Over the last two years, developers have add­ed 5.45 million square feet of speculative inventory, and tenants have quickly leased over 3.63 million square feet (66.7%) of that space,” said Brian Ungles, Managing Principal of the St. Louis office. “With the new inventory delivered in the first quarter, an additional 2.84 million square feet is now under construction, of which 87.8% is speculative.” In reviewing the performance of the office market, suburban office space ended the first quarter with 112,000 sf of positive absorption, decreasing the vacancy rate to 9.7%, the lowest since 2001. Large blocks of space are scarce with only six Class A [...]

2018-04-13T10:02:14+00:00 April 17th, 2017|In the News|

Stanton Road Capital, LLC Selects Cushman & Wakefield to Manage Deloitte Building in St. Louis

ST. LOUIS, February 15, 2017 – Cushman & Wakefield announced today that an affiliate of Stanton Road Capital, LLC, a Los Angeles-based investment management firm, has selected it to manage the Deloitte Building, located at 100 South 4th St. in St. Louis. The 12-story Deloitte Building was built in 1987 above part of Stouffer’s Riverfront Inn (a downtown urban renewal project and landmark that eventually became the Millennium Hotel). The Deloitte Building boasts a signature location between the Arch and Busch Stadium. Previously known as the MCI Building, Deloitte & Touche USA LLP moved to the property in 2004. In addition to Deloitte, tenants at the 260,000-square-foot Class A office building include: Polsinelli, which occupies 110,300 square feet; Schlichter Denton and Wolff; and Pitzer Snodgrass PC. “As the market leader in property management, Cushman & Wakefield is pleased to partner with Stanton Road Capital,” said Brian Ungles, Managing Principal of the [...]

2018-04-13T10:02:14+00:00 February 16th, 2017|In the News|

St. Louis Industrial Market Sets Absorption Record in 2016

ST. LOUIS, January 24, 2017 – Cushman & Wakefield announced today that in 2016 the St. Louis industrial market experienced the highest amount of annual positive absorption for the past 30 years, with 4.97 million square feet. In the fourth quarter alone, 1.83 million square feet were absorbed. “On top of a record year of absorption, we also saw a record year of inventory,” said Brian Ungles, Cushman & Wakefield Managing Principal. “After adding 3.20 million square feet of new inventory in the first three quarters, another 2.82 million square feet were added in the fourth quarter – bringing the total new inventory to 6.01 million square feet for the year. This is the highest amount of new construction since 2001 when 6.05 million square feet were delivered.” In addition, the office market ended the fourth quarter with 194,000 square feet of positive absorption, bringing the year-end total to 872,000 [...]

2018-04-13T10:02:14+00:00 January 24th, 2017|In the News|

Cushman & Wakefield Again Secures No. 1 Spot on “The List: Largest Commercial Real Estate Firms”

ST. LOUIS, January 19, 2017 – Cushman & Wakefield announced today that the St. Louis Business Journal ranked the firm No. 1 on “The List: Largest Commercial Real Estate Firms.” Firms are ranked by their number of active local brokers as of December 1, 2016. Cushman & Wakefield had 206 and a total transaction volume of $464.3 million for all of 2016. “For nearly a century, Cushman & Wakefield and its legacy firms have been a leader in the St. Louis commercial real estate market,” said Managing Principal Brian Ungles, CCIM. “Throughout our history, we have been strongly committed to serving both our clients and the St. Louis community.” With more than 900 associates in seven local offices, Cushman & Wakefield’s largest operational hub is in St. Louis. The firm’s local offices include executive leadership and corporate divisions such as Human Resources, Corporate Accounting, Client Property Accounting and Information Technology. Cushman & Wakefield’s [...]

2018-04-13T10:02:14+00:00 January 19th, 2017|In the News|