Midwest Real Estate News June/July 2015 : Page 4

4 | Midwest Real Estate News | June/July 2015 | www.rejournals.com FEATURES Clang! Clang! Here come the trolleys: Husch Blackwell attorneys Doug Stone and David Richardson have learned a lot about streetcars and trolleys. They can tell you why a streetcar isn’t the same thing as a cable car and why a trolley isn’t the same thing as a trolley coach. The attorneys learned their streetcar trivia through hard work, with each playing key roles in guiding streetcar and trolley projects to the construction phase in St. Louis and Kansas City. Busy times for commercial lenders: A strong commercial real estate market means busy times for commercial lenders. Developers, investors and owners are all seeking financing today, whether they want to acquire a building, refinance existing debt or nab a construction loan for a new multifamily tower or industrial building. 1 212 Meramec becoming a reality in St. Louis: Sometimes you have to wait for a project. Just ask St. Louis-based HDA Architects. Seven years ago, the architecture firm began designing what would eventually become 212 S. Meramec, a 26-story high-rise luxury apartment building in Clayton, Missouri. 18 Canadian coffee and doughnuts coming to St. Louis: Don’t know Tim Hortons? If you live in the St. Louis area, that’s about to change. 19 20 Enjoying a retail success story: The Great Mall of the Great Plains is just the latest: The community mall in Olathe, Kansas, will shut down in the fall of this year. And this mall is far from the only community shopping mall --a mall that’s not quite as big as a regional mall and doesn’t always attract the highest end of retailer --that is closing across the Midwest and the country. 29 1 What happens when a mall dies? Northland Center Mall in Southfield, Michigan, was once the busiest of places. In its boom days, Northland Center boasted about 100 stores. Today, the mall sits empty. A tight industrial market in Des Moines: How tight is the industrial market in the greater Des Moines area? Jason Conway, director with Opus Development Company, says that vacancy rates in this sector here are in the 2-percent to 3-percent range. That’s pretty low, and it makes it challenging for users to find modern industrial space in and around the Des Moines market. COLUMNS/PROFILES 22 24 26 27 Debt Capital Decisions: Susan Branscome, NorthMarq Capital Market Position: Tom Silva, Silva Brand Investors eying Midwest office properties: Andy Farbman, Farbman Group Kansas City poised for industrial success: Joseph Orscheln, CBRE 21 Multifamily, industrial markets busy 8 ones in Kansas City: The multifamily and industrial markets continue to boom in the Kansas City market. Just ask Jeff Stingley and David Hinchman, both with CBRE. CRE market on the mend in St. Louis: St. Louis has gotten plenty of bad press. But the commercial real estate professionals working in the St. Louis region say that the city is actually on a solid winning streak when it comes to its economy and the number of commercial real estate sales, leases and developments it is seeing today. 14 Businesses need to make big changes to attract top workers: Here is a staggering figure, courtesy of the Deloitte Millennial Survey: By the year 2025, Millennials will make up 75 percent of the global workforce. That’s big news. And for businesses, the message is clear: They need to do whatever they can to attract Millennial workers if they expect to remain successful into the next decade. 28 DEPARTMENTS 6 30 Editor’s Letter Directory listings Food & Beverage | Freezer/Cooler | Distribution | Manufacturing Serving Clients Nationwide. www.mcshane-construction.com

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