CBL Properties files for Chapter 11

It is hardly controversial to say that the COVID-19 pandemic and lockdowns have had a devastating effect on businesses, especially in the service and retail sectors. One type of business that has been particularly effected are malls. This week CBL Properties, one of the nations largest retail investment trusts, declared bankruptcy. CBL owns five majorContinue reading “CBL Properties files for Chapter 11”

Luxurious living comes to the Central West End

With the construction of One Hundred at Kingshighway, a new type of luxury apartment is now available in the Central West End, the St. Louis Business Journal reports. Apartments in the new building range from $2,000 to over $7,000 per month, far above the $1,000 per month, which is the average rent in St. Louis.Continue reading “Luxurious living comes to the Central West End”

Local commercial real estate developer Larry Chapman assesses the St. Louis market

In an interview with St. Louis Business Journal, Larry Chapman, CEO of Seneca CRE, talks about what it will take to revitalize St. Louis as well as some of the steps he himself is taking to do so. The COVID-19 pandemic and other events of the last few months have caused him to move fromContinue reading “Local commercial real estate developer Larry Chapman assesses the St. Louis market”

St. Louis fifth in the nation for converting old buildings

Adaptive reuse, the practice of converting old, abandoned buildings into apartments, has taken off across the country in the last two decades. While the practice was relatively rare prior to 2000, the 21st century has seen an explosion of developers taking old office buildings, factories, hospitals, and other structures and converting them into housing. St.Continue reading “St. Louis fifth in the nation for converting old buildings”

St. Louis University supports development in Midtown

St. Louis University (SLU) has partnered with the Gate District West Neighborhood Association on an affordable housing project in Midtown, the St. Louis Business Journal reports. The partnership reflects SLU’s desire to engage with the local community. SLU has sold the 400 acre property, divided across 43 smaller parcels, to a number of developers underContinue reading “St. Louis University supports development in Midtown”