Missouri
Declining DSCRs Mean Potential Distress in Many Office Markets
Although the much-anticipated wave of office distress has yet to materialize, new research fromYardi Matrix shows that many markets are… Read more
Building Demolished to Make Way for $500M KC Development
The former Weld Wheel Industries building, a 114-year-old, nine-story building in Kansas City, was recently demolished to make way for… Read more
Northmarq Arranges Sale, Financing of Omaha Apartments
Northmarq’s Midwest Multifamily Investment Sales team of Parker Stewart, Anthony Martinez, Dominic Martinez and Alex Malzone with Jim Gibson recently… Read more
NexGen Hotels Acquires Chicago Landmark Hotel Versey
NexGen Hotels, a hotel development and management company based in Itasca, Illinois, has acquired the Hotel Versey in Chicago. Located at 644… Read more
OPEN Impact Expands Brokerage & Advisory Team
OPEN Impact Real Estate (OPEN) has added four new associates to its mission-driven real estate brokerage and advisory team: Eshaan… Read more
WeWork Files to Assume 16 Leases Across US, Canada
WeWork is planning to save more locations as it emerges from its Chapter 11 proceedings. With a recent injection of $450 million,… Read more
Bipartisan Congressional Caucus Targets Housing Supply, Affordability
Industry associations on Monday applauded the establishment of the new Bipartisan Congressional Real Estate Caucus, which will address the lack… Read more
Chicago, Midwest | Weekly People & Companies for May 3, 2024
TMG Real Estate Advisors (TMG) announced the promotion of Andris Lizenbergs, Rob Prioletti and Jimmy Yfantopulos. Since last year, they have… Read more
Americold Breaks Ground on $127M Facility in KC
Americold Realty Trust, Inc., a provider of temperature-controlled logistics and real estate, broke ground on a new $127 million cold… Read more
Northmarq Brokers Sale of $54M St. Louis Multifamily Property
Northmarq’s Midwest Investment Sales team, including Regional Managing Director Parker Stewart and Managing Director Dominic Martinez, brokered the $54.1 million… Read more
CBRE Expands Firm’s KC Office on Main Street
CBRE‘s Kansas City office now occupies 12,282 square feet on the 16th floor of the American Century Investments building at… Read more
Pembrook Funds Approaching $2B in Workforce Housing Loans
Pembrook Capital Management LLC, a national affordable and workforce housing lender based in New York, has originated or participated in… Read more
Kansas City MF Development Secures $13M Equity Investment
The JLL team was led by Managing Director Mark Erland and Director Kevin Barron. “3rd and Grand is an exceptionally… Read more
LJC Appoints Sean Brown as Life Science Market Leader
Lamar Johnson Collaborative (LJC) has appointed Sean Brown as its Life Science Market leader, focusing on expanding integrated design and… Read more
StorageMart Expands Midwest Presence in Indiana, Missouri
StorageMart has completed the acquisitions of two new facilities in Greenwood, Indiana, and Columbia, Missouri. StorageMart began operating facilities in Columbia in 1999 and is… Read more
Century Casinos Opens Riverview Hotel in Missouri
Century Casinos, Inc., has opened its latest hotel, The Riverview, in Cape Girardeau, Missouri. The new 69-room hotel is adjacent… Read more
Voters Reject Stadium Tax for Kansas City Chiefs, Royals
Voters have rejected a proposal for sales tax that would help finance stadium renovations for the Kansas City Chiefs and… Read more
Family Dollar to Close Locations Across Illinois
At least two Family Dollar stores in Peoria, Illinois, are slated to close following the company’s recent plans to close nearly 1,000… Read more