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Bank Failures Put Squeeze on Construction Loans

2 years 5 months ago
From Construction Dive:  On the surface, the recent collapses of Silicon Valley Bank, Signature Bank and First Republic Bank shouldn’t harm the multifamily sector as much as other commercial real estate asset classes. Recent data from research firm MSCI shows that local and regional banks hold a relatively small percentage of apartment loans. Over the […]
Dede Hance

Jamestown Mall Demo Contract Increased to Avoid ‘Massive Hole’

2 years 5 months ago
From St. Louis Business Journal:  The owner of Jamestown Mall is doubling an engineering contract to figure out how to demolish the vacant mall to make way for future development, soon after a feasibility study recommended development of a new agriculture technology campus at the site. The St. Louis County Port Authority, which owns the […]
Dede Hance

Illinois State Fair Announces Re-Opening of the Multi-Purpose Arena

2 years 5 months ago
SPRINGFIELD – The Multi-Purpose Arena (MPA) will be up and running for the 2023 Illinois State Fair. The MPA underwent an $8.6 million overhaul in 2022, repairing sidewalks, walls, steps, expansion joints, electrical systems, readjusting the tension structure, installing a new canopy, and rebuilding the retaining walls around the facility. The funding was made possible by the Governor’s historic Rebuild Illinois capital program, which modernizes infrastructure throughout the state. “The Illinois State Fair is one of the jewels of our state, and my administration has prioritized investing in our fairgrounds to make sure every inch of the grounds reflects the best of Illinois,” said Governor JB Pritzker .” The new and improved Multi-Purpose Arena is another important addition to the improvements we’ve made over the last several years, and I look forward to seeing Illinoisans from across the state come together to enjoy the space.” The MP

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Federal prosecutors file criminal charges against George Santos

2 years 5 months ago
Federal prosecutors have filed criminal charges against Rep. George Santos (R-N.Y.), who is the subject of intense public scrutiny over his resume and finances and has faced bipartisan calls to resign, a source familiar with the charges confirmed to The Hill. The charges remain under seal. Santos could appear in court as early as Wednesday, the [...]
Zach Schonfeld

Forum’s June 16th Event Features LA-Based Construction Tech Innovator Dafna Kaplan

2 years 5 months ago
On June 16th, Construction Forum will continue its anniversary year theme “THE FUTURE IS NOW: Celebrating Systems Change”. The Forum is hosting an appearance by Dafna Kaplan, the founder of an LA-based manufacturer of futuristic affordable housing. The event will be held from 7:30-9:30 AM in the Maryville University Auditorium, 630 Maryville University Drive. Dafna […]
Tom Finan

First Look: Chemical Building Redevelopment Renderings

2 years 5 months ago
From CityScene STL:  We now have our first look at what the redevelopment of the Chemical Building into a 240-room dual-brand hotel (Residence Inn & Springhill Suits by ) looks like. J.T. Campo Architects posted these images on their website showing what the beloved building will look like after redevelopment. Immediate observations show the street-level […]
Dede Hance

Marketing Of STL Regional Advantages Discussed At North Alton-Godfrey Meeting

2 years 5 months ago
ALTON/GODFREY - St. Louis Regional Freightway Executive Director Mary Lamie spoke at the most recent North Alton-Godfrey Business Council meeting on May 9, and discussed the ways her organization has worked to help market the advantages of the St. Louis Region. Lamie said seven years ago, metropolitan planning organization East-West Gateway looked at the manufacturing logistics industry in the St. Louis region and recognized that when compared to sister cities like Kansas City, Memphis, Columbus, Nashville, and Minneapolis, those cities had better growth in those industries at the time. She continued by saying the St. Louis region has several strategic and infrastructural advantages, but those other cities were “out-hustling” it with their superior marketing. “Then we looked at our freight assets. St. Louis has six class one railroads. Those are the national rail carriers, and that's a big deal - not one of those sister cities has six,” she said. “Not

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McBride Proposal for Wildwood Gets Flack From Residents

2 years 5 months ago
From West Newsmagazine:  A proposal for 131 attached and detached single-family dwellings in Wildwood Town Center is getting some pushback from nearby residents. McBride Berra Land Company LLC has proposed the Crestview development on the north side of Crestview Drive, east of its intersection with Eatherton Road. To accommodate the development, the company is requesting […]
Dede Hance

Gross Mechanical Announces Management Changes, Headquarters Move

2 years 5 months ago
Gross Mechanical has announced personnel changes related to a new five-year strategic plan, as well as a planned relocation of the company’s headquarters. Michael Gross will assume control of the Gross the estimating department. As that transition solidifies, he will eventually oversee estimating, business development, and preconstruction services as the company’s Chief Sales Officer. New […]
Tom Finan