BizJournal 💲📰

A portfolio company of a St. Louis-based private equity firm has expanded its so-called "space efficiency" business with the acquisition of a suburban Chicago company.

The company's planned acquisitions would bring the out-of-state grocer, which has stores encircling St. Louis in Columbia, Missouri, and Springfield, Illinois, closer to the region.

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…

The goal is to serve clients through the entire lifecycle of their business, Ben Barnes, CEO and managing director of RubinBrown Corporate Finance, said in an interview.

A St. Louis-based homebuilder hopes to build 190 new houses in the $350 million Riverpointe project in St. Charles, which seeks to redevelop the riverfront there.

A historic factory building has been renovated into a new $19.1 million, 78-unit apartment complex, the first of two similar projects by the same developer. Here's a look inside.

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 — defending its protocols by arguing that regulations can only do so much when “bad actors” intentionally falsify records…

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…

The launch of new corporate diversity, equity and inclusion programs surged two years ago, but signs of a pullback are emerging both nationwide and in St. Louis, fueled by a Supreme Court ruling.

Boeing confirmed that it's competing with Lockheed Martin and Northrop Grumman for contracts to build the U.S. Navy’s secretive next-generation fighter jet program.

The plan, approved by the council on Sept. 5, calls for building a new drive-thru operation on the 0.74-acre site at 1992 Zumbehl Road

The St. Louis-based health system, one of the nation's largest, said its fiscal 2023 results show that its operations and volumes "have been impacted by and are stabilizing from the volatility and operational disruptions of the prolonged pandemic," amid broader inflationary and recessionary pressures in the U.S. economy.

The International Institute of St. Louis said Tuesday it has established a new Latino Outreach Program in an effort to make St. Louis a more attractive destination for immigrants from Latin America.

The law firm is accused of “block billing,” which is when a single entry by a timekeeper does not break out the amount of time spent to complete each task.

Forward Through Ferguson, a nonprofit organization that works to advance racially equitable systems and policies, has named its new leader.

With the help of six past 40 Under 40 winners, the St. Louis Business Journal reviewed more than 350 nominations to select the winners of the 2023 40 Under 40 Awards.

Diversity, equity and inclusion work comes in many shapes and sizes — all of which are important in their own ways.

Rick Moeckel is involved in Clayco’s Construction Career Development Initiative, which connects disadvantaged young adults with job training, mentorship and financial support.

Trish Gomez is full of passion when it comes to diversity, equity and inclusion efforts at Washington University in St. Louis, which is among the region's largest universities with enrollment of more than 17,000 and an endowment of $12.3 billion.

Peter Aranda represents the most compelling kind of nonprofit success story there is — an individual who benefited from a program, then went on to lead it himself.