Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MissouriCRE

The big message at St. Louis CRE Summit? Hope for a stronger 2022

Dan Rafter October 28, 2021
Share on Facebook Share on Twitter Share on LinkedIn Share via email
A crowd of CRE professionals attended REjournals' fourth annual St. Louis Commercial Real Estate Summit on Oct. 19.

Hope. It’s been the key word throughout the commercial real estate industry this year. Hope that next year will be stronger for the industry.

That hope was on full display Oct. 19 during REjournals’ fourth annual St. Louis Commercial Real Estate Summit held at the Hilton St. Louis Frontenac.

The event attracted some of the biggest names in St. Louis’ commercial real estate market to discuss the state of the area’s industrial, multifamily, retail and office sectors. The takeaway? As in so many other cities across the Midwest, the industrial and multifamily markets continue to thrive in the St. Louis area even as the COVID-19 pandemic drags on.

Speakers on the multifamily panel included Bobby Mills, Director of Investment Sales, Berkadia; Michael Hamburg, Founder, Pier Property Group; Chris Will, Managing Director, Gershman Investment Corp.; Matt Bukhshtaber, Vice Chairman, CBRE; and John Morrissey, Jr., moderator and Vice President, Broadmoor Group.

But other sectors? Speakers pointed to the uncertainty afflicting the St. Louis office market. No one knows yet when companies will bring workers back to the office on a full-time basis. And once companies start bringing workers back, no one’s certain, either, whether these employees will work full-time in the office or on a hybrid schedule, working part of the time in the office and the rest of the time at home.

Depending on what companies decide, then, the office needs of companies might change over the next several years.

Speakers also said that the retail sector continues to face challenges. This isn’t unusual, of course. The retail sector was hard hit by COVID and pandemic-related shutdowns. But as the speakers at the conference said, several retailers have become creative to get through the pandemic. And certain retail sectors — especially quick-service restaurants with drive-throughs — have thrived.

Participating in the summit’s Market Sector Update panel were TJ Redmond, Director of Capital Markets, Balke Brown Transwestern, who spoke about the local office market; David Wirth, Director, Cushman & Wakefield, who spoke about local retail; Teri Samples, Partner, Wipfli; Matt Hrubes, Senior Vice President, CBRE, who spoke about St. Louis’ strong industrial market; Moderator James Fredericks, Partner, Armstrong Teasdale; and Alfredo Gutierrez, Founder and President, SparrowHawk, who focused on industrial investment sales.

What does the future hold for the St. Louis market? That’s where the hope comes in. Speakers at the conference were optimistic that 2022 will be a stronger year for the commercial real estate market. That’s good news considering that 2021 so far has been a solid year for the St. Louis commercial business, too, especially considering the challenges brought by the pandemic.

The summit closed with the Downtown & Suburban Developments — Game Changer Projects panel. Speaking on this panel were Paul McKee Jr., Chairman and Chief Executive Officer, M Property Services LLC; Mike LaMartina, COO, Ballpark Village; Wakeel Rahman, Vice President of Acquisitions, NorthPoint Development; and Moderator Colleen Nigro Managing Principal, Remiger Design.

CRE professionals from the St. Louis branch of CREW were in attendance at the summit. Pictured here are Colleen Nigro, Managing Principal, Remiger Design; Pam Hobbs, Business Development Manager, Geotechnology, Inc.; Annie Kowert, Business Development Director, Russell HBD Construction; Lynn Goessling, Partner, Armstrong Teasdale; Christie Brinkman, Director Design Build, Castle Contracting; Teri Samples, Partner, WiPfli; Renee La Bruyere, Business Development Manager, Horner and Shifrin.
Tags
REJournalsSt. LouisSt. Louis Commercial Real Estate Summt
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisCRE

PREMIER Design + Build Group names Michael Power, Jr.  as chief financial officer

March 31, 2023
IllinoisIndustrial

ML Realty Partners completes 638,973 square feet of industrial lease transactions around Chicagoland

March 31, 2023
TexasCRE

Gensler shares two personnel announcements for Houston office

March 31, 2023
MinnesotaFinance

Minneapolis’ Colliers Mortgage adds VP to staff

March 31, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com