<rss version="2.0" xmlns:ynewsrss="http://news.yahoo.com/rss.html"><channel><title><![CDATA[St. Louis Commercial Real Estate News From CoStar Group]]></title><link><![CDATA[http://www.costar.com/]]></link><description><![CDATA[CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.]]></description><language><![CDATA[en]]></language><category domain="Yahoo"><![CDATA[Business/Real_Estate_and_Housing]]></category><ttl>15</ttl><image><title><![CDATA[CoStar Group, Inc.]]></title><link><![CDATA[http://www.costar.com/]]></link><url><![CDATA[http://www.costar.com/SharedFiles/Common/images/logos/CoStarGroup112.gif]]></url></image><item><title><![CDATA[SoTel Systems Purchases Maryland Heights Industrial]]></title><link><![CDATA[http://www.costar.com/News/Article/SoTel-Systems-Purchases-Maryland-Heights-Industrial/148780?ref=/News/Article/SoTel-Systems-Purchases-Maryland-Heights-Industrial/148780&src=rss]]></link><description><![CDATA[SoTel Systems, a wholesale supplier for business communications products, purchased the industrial building at 2465 Centerline Industrial Dr. in Maryland Heights, MO for $2.4 million, or about $38 per square foot.  

The single-story, 63,540-square-foot warehouse building was constructed in 1972 on 4.3 acres in the Westport Industrial submarket of St. Louis County.  It features 20,000 square feet of built-out <a href="http://www.showcase.com/Office-Space-for-Lease" target="_blank">office space</a>, 1,600-amp heavy power...]]></description><author><![CDATA[Lauren Kraemer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 08:34:37 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (May 12 - 18)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-12-18/148651?ref=/News/Article/CoStars-People-of-Note-May-12-18/148651&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego.
 
DETROIT
Farbman Group Promotes Gutman, Kalil 
By Tim Heise

Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined Farbman Group more than 18 years ago. He has worked in several areas of ]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 17 May 2013 09:02:42 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  St. Louis's Industrial Deliveries, Construction and Inventory]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-St-Louiss-Industrial-Deliveries-Construction-and-Inventory/148628?ref=/News/Article/Market-Trend-St-Louiss-Industrial-Deliveries-Construction-and-Inventory/148628&src=rss]]></link><description><![CDATA[During the first quarter 2013, no new space was completed in the St. Louis Industrial market area. 

This compares to 0 buildings totaling 0 square feet that were completed in the fourth quarter 2012, nothing completed in the third quarter 2012, and nothing completed in the second quarter 2012.

There were 958,268 square feet of <a href="http://www.showcase.com/industrial-space" target="_blank">Industrial space</a> under construction at the end of the first quarter 2013. 

The largest projects underway at the end...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Thu, 16 May 2013 07:18:50 GMT]]></pubDate></item><item><title><![CDATA[Forest Equities Secures Refi for Valley Park Apts]]></title><link><![CDATA[http://www.costar.com/News/Article/Forest-Equities-Secures-Refi-for-Valley-Park-Apts/148399?ref=/News/Article/Forest-Equities-Secures-Refi-for-Valley-Park-Apts/148399&src=rss]]></link><description><![CDATA[NorthMarq arranged a first mortgage refinance for Forest Woods Apartments in the amount of $11 million. 

Financing was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged the loan through its seller-servicer relationship with Freddie Mac.

Forest Woods Apartments, located at 101 Forest Parkway in Valley Park, MO, is a 260-unit, market-rate multifamily property that sits on 18.8 acres. The asset is 92 percent occupied...]]></description><author><![CDATA[Lauren Kraemer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 09:45:56 GMT]]></pubDate></item><item><title><![CDATA[LaSalle RE Assets Secures Financing for Green Park Nursing Home]]></title><link><![CDATA[http://www.costar.com/News/Article/LaSalle-RE-Assets-Secures-Financing-for-Green-Park-Nursing-Home/148501?ref=/News/Article/LaSalle-RE-Assets-Secures-Financing-for-Green-Park-Nursing-Home/148501&src=rss]]></link><description><![CDATA[Cambridge Realty Capital closed on a $14.9 million lean loan. The FHA-insured HUD loan is for the refinancing of Green Park, a 188-bed skilled nursing home located at 9300 Green Park Rd. in Saint Louis, MO. 

Cambridge Realty Capital arranged the 36-year term for LaSalle RE Assets LLC using HUD 232 pursuant to Section 223(a)(7).  Cambridge Chairman Jeffrey Davis stated that the loan is fully-amortized. The interest rate was not disclosed. 

The...]]></description><author><![CDATA[Elliott Byers <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 01:22:37 GMT]]></pubDate></item><item><title><![CDATA[Holman Joins McKelvey Properties]]></title><link><![CDATA[http://www.costar.com/News/Article/Holman-Joins-McKelvey-Properties/148534?ref=/News/Article/Holman-Joins-McKelvey-Properties/148534&src=rss]]></link><description><![CDATA[Dawn Holman joined McKelvey Properties as a commercial sales associate in Saint Charles, MO.

Holman began her real estate career at Gundaker Commercial Group.  From 2002-2010 Dawn was the co-owner of Commercial Brokerage Group.

Holman brings specialization in retail sales and leasing.  She has represented clients at the local and national level in complex transactions throughout her career.]]></description><author><![CDATA[Joseph Franz Jr. <news@costar.com>]]></author><pubDate><![CDATA[Tue, 14 May 2013 04:02:07 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (May 5 - 11)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-5-11/148478?ref=/News/Article/CoStars-People-of-Note-May-5-11/148478&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Los Angeles, Minneapolis, Washington DC, New Jersey, Chicago, New York, and Indianapolis.
 
LOS ANGELES
Diaz Returns to Cushman & Wakefield 
By Allison Smith

Lalo Diaz has returned to Cushman & Wakefield, Inc. as a market leader for the Downtown Los Angeles market. In his new role Diaz will be responsible for overseeing day-to-day activities, recruitment goals, an]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 10 May 2013 08:11:27 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  St. Louis's Retail Deliveries, Construction and Inventory]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-St-Louiss-Retail-Deliveries-Construction-and-Inventory/148449?ref=/News/Article/Market-Trend-St-Louiss-Retail-Deliveries-Construction-and-Inventory/148449&src=rss]]></link><description><![CDATA[During the first quarter 2013, one building totaling 3,517 square feet was completed in the St. Louis retail market. 

Over the past four quarters, a total of 596,586 square feet of <a href="http://www.showcase.com/retail-space" target="_blank">retail space</a> has been built in St. Louis.  In addition to the current quarter, two buildings with 12,234 square feet were completed in fourth quarter 2012, seven buildings totaling 379,947 square feet completed in third quarter 2012, and 200,888 square feet in four buildings...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 10 May 2013 03:55:59 GMT]]></pubDate></item></channel></rss>