NAI DESCO is pleased to present our first market overview videos. Each video is approx. 1 min and 45 seconds long – just the right length to fill you in on the latest commercial real estate trends.
Click here to watch our industry experts discuss the state of St. Louis’ industrial, retail and office/development markets in the first quarter of 2016.
And stay tuned for more videos each quarter.
NEW YORK, NY – May 3, 2016 – NAI Global, a leading global commercial real estate services firm with more than 375 brokerage offices and over 6,700 professionals located throughout North America, Latin America, Europe and Asia Pacific, today announced that C-III Realty Services, an institutional commercial real estate capital markets firm, has been combined with the operations of NAI Global.
Through this combination, C-III Realty Services will become NAI Global Capital Markets and will include a growing team of 25 capital markets professionals in New York, Dallas and Nashville, who will work very closely with NAI Global’s 6,700 professionals around the globe.
“By combining C-III Realty Services’ experienced institutional capital markets team with NAI Global’s deep local market expertise and coverage, we have made NAI Global a far more powerful, seamless commercial real estate services provider able to meet the needs of the country’s largest institutional owners of commercial real estate,” said Geoffrey Woodward, Chairman of NAI Global.
“This combination is another step in our long-standing strategic objective to scale NAI Global and enhance our stature as an industry leader,” said Jay Olshonsky, SIOR, FRICS, and President of NAI Global. “We are now even more strongly positioned to compete head-on in both size and full-service capabilities with the largest firms in commercial real estate services.”
Inclusive of C-III Realty Services, NAI Global will have completed more than 2,000 investment sales transactions, totaling approximately $16 billion, over the last 5 years.
About NAI Global
Founded in 1978, NAI Global is a leading global commercial real estate services firm with more than 375 brokerage offices and over 6,700 professionals located throughout North America, Latin America, Europe and Asia Pacific. The firm manages over 380 million square feet of property on behalf of its
clients, globally. The NAI Global Capital Markets Group serves the largest institutional owners of and investors in commercial real estate.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com.
Download Press Release here.
People say, “But if the euro breaks, it will be painful.” What they miss is that its existence is even more painful. Of course, ending a 16-year (and running) fantasyturned-nightmare will be painful. But making it a 20- or 25-year fantasy will only make it a larger problem, and assure more years of deepening anguish. If you believe in markets at all, you want the euro to fail, and fail soon!
In addition to the complete ineffectiveness of the Maastricht Treaty’s fiscal constraints, when in the early 2000s Germany and Scandinavian countries introduced major market reforms that massively improved their competitiveness relative to other Euroland members, the euro’s fixed exchange rate regime was rendered hopeless. In the eyes of Europe’s almost uniformly left-leaning bureaucrats, the real villain is Germany for adopting the serious market reforms that improved its competitiveness. Damn those Germans for giving into market pressures to be competitive! In a flexible exchange rate system, fundamental German market reforms would have resulted in a 20-40% increase in the value of the Deutsche Mark versus other currencies. But as Euroland exchange rates remained fixed at their original terms of trade, Germany’s currency could not appreciate. Instead Germany benefitted both from fundamental market reforms and an artificially low exchange rate. This excessively cheap German exchange rate handicapped nations with currencies that could not depreciate. To put a simple face on matters, it made Volkswagens too cheap for Greeks, and made Greek vacations too expensive for Germans. This caused money to flow from Greece to Germany (and in general from the south to the north), with no need for this money to flow back. Thus, unlike the case of U.S. dollars flowing
to China (i.e., we buy shoes, etc. made in China) as a trade deficit, necessarily returning to the U.S. (i.e., China buys U.S. bonds) as a capital surplus, once euros arrive in Germany they do not flow back to Greece, as the euro can be invested anywhere in Euroland. Read full white paper here.
Josh Hibbits represented Vestech Securities, Inc. in the lease of 2,261 square feet of office space at 11475-11477 Olde Cabin Road in Creve Coeur from Golfview Members, LLC.
Carl Conceller represented William L. Frein & Mildred A. Frein Revocable Living Trust in the investment sale of a 6,960 square foot retail building at 11750-60 Manchester Road in Des Peres to Granite City Hotel & Resorts, LLC.
Bob Staniforth represented Stancor I, LLC in the lease of 3,500 square foot retail building at 10831 Manchester Road in Kirkwood to Lou Fusz Toyota.
Noel Fehr represented LC Investments in the lease of 1,141 square feet of retail space at 8621 Mexico Road in O’Fallon, Missouri to Hosam and Nada Elgazar.
CLAYTON, MO. – Commercial real estate firm NAI DESCO is relocating its headquarters within Clayton to greatly expanded offices on the top (19th) floor of the 101 S. Hanley Building. In conjunction with the move, the firm is also launching a third-party asset management division headed by newly recruited industry veteran Mary Ellen Saenz.
“We have been growing across all business lines as a rebounding commercial real estate market fuels client demand for facilities that will help make their companies more efficient and productive,” said NAIDESCO president and CEO Toby Martin. “We simply outgrew our current location – even before factoring the new asset management operation into our space needs equation.”
Currently, NAIDESCO employs 30 people in 7,300 square feet at 8235 Forsyth Blvd. Its new headquarters at 101 S. Hanley, with 15,000 square feet, is more than twice as large.
Third-Party Asset Management Portfolio Opens with 750,000SF
Initially, under the leadership of Saenz, NAIDESCO will service a third-party commercial portfolio of 750,000 square feet – a seamless complement to the 8 million square foot portfolio managed by a sister company, The DESCO Group.
Prior to joining NAIDESCO, Saenz was vice president of asset management and customer service for Duke Realty where upon her departure she oversaw seven million square feet of commercial space. Before joining NAIDESCO last July (2015), Martin was the St. Louis Business Unit Leader for Duke and a member of its Management Committee.
“We believe the new headquarters will enhance our efforts to attract best-of-class brokers, property managers and support staff as we continue to focus on growing our team,” Martin added.
Cited on the “Largest Commercial Real Estate Firm” list published in January 2016 by the St. Louis Business Journal, NAIDESCO was formed in 2000 as a partnership of The DESCO Group and principals of NAIDESCO. Mark Schnuck serves as chairman of NAIDESCO and president and CEO of The DESCO Group. In 2011, NAIDESCO acquired the St. Louis brokerage division of Coldwell Banker Commercial.
All NAI DESCO contact information, including for the firm’s office in Illinois, will remain the same.
The DESCO Group, which primarily engages in real estate development in the Central, Mid-South, Southwest and Southeast U.S., will continue to be based at 25 N. Brentwood Boulevard in Clayton.
NAI DESCO is the local affiliate of NAI Global, a worldwide real estate network with 400 offices spanning the globe. Since 1978, NAI Global’s clients have built their businesses on the power of the expanding network. NAI Global’s extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, property management, lease administration and audit, investment services, due diligence and related consulting and advisory services.
NAI Global, the world’s largest, most powerful network of owner-operated commercial real estate firms, earned the fourth spot in the 2016 Lipsey Survey of Top 25 Commercial Real Estate Brands. The survey was conducted among 100,000 commercial real estate professionals using a combination of ballot voting, phone interviews and focus groups to evaluate innovation, responsiveness and quality of service. NAI Global is the only commercial real estate network of independently owned and operated firms represented among the top five.
“We are thrilled that our success and growth is recognized by our peers and reflected in this years Lipsey ranking,” said Jay Olshonsky, FRICS, SIOR, President, NAI Global. “The power of the NAI Global network has never been stronger, with 170+ Member firms who work together to drive business and create opportunities for their clients worldwide. This represents the exceptional service that only a network of owner-operated brokerages can deliver.”
The survey is conducted by The Lipsey Company, a leading training and consulting firm specializing in the commercial real estate industry. The results of Lipsey’s 2016 Commercial Real Estate Brand Survey can be found at https://lipseyco.com/brand-survey.
ST. LOUIS (February 9, 2016) – NAI DESCO announced today that it arranged the sale of one of the largest senior living communities in the St. Louis area. The Cedars of Town & Country, a 261,595 square foot facility on 25.43 acres sold for $34 Million on February 1st. Carl Conceller, SIOR of NAI DESCO represented the purchaser Lutheran Senior Services (LSS) in the purchase of the property and an 8.0 acres adjoining property located at 13190 S. Outer 40 Drive.
The Cedars of Town & Country contains 230 skilled nursing beds, 22 residential care II beds and 54 assisted living beds. The adjoining property is zoned for 177 independent living units.
Prominently located in West St. Louis County along I-64 just west of I-270, the facility is has been renamed Mason Point.
LSS is one of the largest continuing care retirement community providers in St. Louis with 21 locations in Missouri and Illinois.
• Josh Hibbits and Peter Sheahan represented Midwest Players Investment Fund II, LLC in the lease of 25,000 square feet of retail space at 7369 Watson Rd in Shrewsbury to Aldi, Inc.
• Carl Conceller represented Cairo Enterprises, LLC in the investment sale of a 7,000 square foot Advance Auto Parts building at 1501 Heritage Hills in Washington, MO to Oakgrove Investments, LLC, represented by Noel Fehr.
• Noel Fehr represented Oakgrove Investments, LLC in the purchase of a 12,975 square foot retail building at 99 Sugar Creek in Fenton from 99 Sugar Creek, LLC.
ST. LOUIS (January 20, 2016) – NAI DESCO, a member of the world’s premier managed network of commercial real estate firms, announced today the addition of brokers to the office and retail teams. The firm now boasts 30 brokers, placing it in the top 5 largest firms in the St. Louis Metro area.
“We are pleased to be growing our NAI DESCO family,” said CEO Toby Martin. “The growth of the NAI Global platform continues to create new opportunities for our associates and clients.”
Joining the office team at the Clayton headquarter, Matt Ruck brings extensive commercial real estate experience. A St. Louis native, Ruck started his real estate career at Duke Realty as an intern to the Director. He then went on to Emerald Properties where he specialized in leasing and marketing of the Town & Country Crossing Shopping Center. Later, Ruck was an Associate at Balke Brown Transwestern where he spent 5 years on the Office Brokerage team.
Ruck is a graduate of Southern Methodist University with a Bachelor of Science degree in Finance. He is an active member of the St. Louis Association of Realtors – Commercial Division, as well as an Assistant Coach of the Burroughs Varsity Hockey team.
In the Metro East office, Tom Maloney will join the team led by Illinois Director, David Wittenauer. Maloney will focus on commercial real estate services in Southern Illinois, particularly retail and investment properties.
Maloney comes to NAI DESCO following a career in technology sales. In that role, Tom assisted both national and local media companies in the analysis of business functions in order deliver customized software solutions. This experience is an asset to Tom’s real estate clients as they seek to analyze space needs and site selection.
Maloney is a graduate of St. Louis University with a Bachelor of Science degree in Business Administration. He is an active member of the International Council of Shopping Centers (ICSC) and the St. Louis Association of Realtors – Commercial Division.
About NAI DESCO
NAI DESCO is a leading commercial real estate firm serving Eastern Missouri and Southern Illinois. NAI DESCO is the local affiliate of NAI Global, a worldwide real estate network with 375 offices spanning the globe. Since 1978, NAI Global’s clients have built their businesses on the power of our expanding network. NAI Global’s extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services.
To learn more, visit www.naidesco.com.
The following is an excerpt from The Edwardsville Intelligencer’s article on the proposed business district in Edwardsville, IL. The article was posted on January 15, 2016 and can be read in its entirety here. To learn more about Edwardsville Town Center, please view the brochure here or contact Peter Sheahan at 314-994-4081.
The city of Edwardsville took the first of many steps to learn about the development of a business district on Route 157.
Aldermen at Tuesday’s Finance Meeting recommended the approval of a resolution calling for a public hearing to consider an Edwardsville Town Center Business District. The site is the current location of Madison Mutual, located a 1 Mutual Court near the intersection of Governors’ Parkway and Route 157.
Representatives from Moran Economic Development presented a detailed summary with information from NAI DESCO, a commercial real estate agency from St. Louis.
“This is a 131,890 square feet of new retail space for the city of Edwardsville. They have approached us to form a business district similar to the one that was created for Dierbergs,” Economic Development Director Walt Williams said.
The business district would be anchored by Fresh Thyme Farmers Market, which currently has a location in Fairview Heights. Committed tenants, according to NAI DESCO, include Global Brew and McAllister’s Deli. The site can also accommodate three junior boxes and a small shop space with drive-thru availability.