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Summit Real Estate Group: Creating value through ground-up industrial development

5 days 3 hours ago
In a recent transaction, Clayton-based Summit Real Estate Group (Summit), one of St. Louis’ largest real estate development firms, closed on an existing warehouse and adjacent 23.2-acre industrial land site north of Miami for $59.7 million. A multi-tenant warehouse will be built on the land site, creating a $106 million two-building project that is scheduled for completion in quarter four of 2024. Acquired on behalf of Summit’s Arrowrock US Industrial Fund IV LP, in partnership with TPG’s…
Laura Newpoff

Missouri marijuana regulators defend product testing regime in aftermath of recall

5 days 9 hours ago
The Missouri Division of Cannabis Regulation is responding to questions about the effectiveness of the software it uses to track information about marijuana products, including the results of state-mandated testing. In a guidance document issued on Monday, the agency addressed questions regarding testing regulations that cannabis businesses rely on to ensure product is safe β€” defending its protocols by arguing that regulations can only do so much when β€œbad actors” intentionally falsify records…
Rebecca Rivas

University City cleans up rotten fish, produce abandoned at former seafood market

5 days 9 hours ago
An overwhelming odor lingers at the Seafood City Supermarket in University City. KSDK learned Monday that the problem was coming from the former business near 81st and Olive Boulevard. It was more than gnats swarming the market Tuesday morning. Crews wearing hazmat gear picked up pounds of the pungent problem: fish, canned goods and produce that have been rotting away. A glove-wearing crew also spent the day Monday filling up huge dumpsters and tackling the massive mess. Corean Davis lives a…
Justina Coronel