West Co office market continues to take it on the chin.
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Yeah i really don’t know how you repurpose some of that lower class suburban office space.
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if maryville U grows, they could take over the Maryville Centre buildings i guess. i worked there at building 520 2019-2021 and my old firm is getting out later this year when the lease is up
The other way to look at it. Do you really need to repurpose? as the land itself still might valuable for single residential or hotel/mixed use development?Debaliviere91 wrote: ↑Jan 08, 2024Yeah i really don’t know how you repurpose some of that lower class suburban office space.
Pure speculation on my end but assuming the demo cost of 2-4 suburban office building like an old mall has to be significantly cheaper than say a structure that is +10 stories. The reality of course is also the fact that the owner is weighting the upfront cost of demolition while opportunity cost of somehow landing another tenant, 1, 2 or more years down the road. Someone with some knowledge from a owner perspective might give insight if owners are seriously looking at outright demo of some of the suburban office space
It is not unreasonable to think that they will be sold at or around land value and redeveloped into multifamily. Alot are in great locations.Debaliviere91 wrote: ↑Jan 08, 2024Yeah i really don’t know how you repurpose some of that lower class suburban office space.
I looked up the current office on Google. I recommend checking it out. The inside is decked out with really cool decorations. Seems like a sweet place to work, glad they're leaving the most depressing place ever to commute to every day. If they bring all that stuff to Clayton, seems like recruitment would be much easier.Debaliviere91 wrote: ↑Jan 08, 2024I know this has been rumored for sometime, but Energizer confirmed they are halving their office space and moving to the Apex Oil building at 8235 Forsyth.
Wieland North America to invest $500M to modernize East Alton, IL facility
https://www.ibjonline.com/2024/01/17/wi ... -facility/
"As part of its commitment to Illinois advanced manufacturing modernization, Wieland will invest $500 million to modernize its East Alton facility. The modernization paves the way for increased and improved production of high-quality copper and copper alloy components for EVs, EV charging infrastructure and renewable energy production through the installation of a new state-of-the-art hot rolling mill in the East Alton facility."
https://www.ibjonline.com/2024/01/17/wi ... -facility/
"As part of its commitment to Illinois advanced manufacturing modernization, Wieland will invest $500 million to modernize its East Alton facility. The modernization paves the way for increased and improved production of high-quality copper and copper alloy components for EVs, EV charging infrastructure and renewable energy production through the installation of a new state-of-the-art hot rolling mill in the East Alton facility."
A good investment!
I hope it doesn’t speak to how far we have to go as a region that no Missouri based media or economic development officials appear to be present, invited, or interviewed. Also neither the Post or Business Journal have the story, six hours after announcement.
Maybe they did and interviewed regional leaders and just haven’t gotten the story out yet? Maybe!
Are Illinois / Metro East leaders intentionally avoiding sending an invite in order to withhold political credit? Keep it an Illinois story, not a St. Louis one. Are MO based media and regional leaders overlooking it?
I hope it doesn’t speak to how far we have to go as a region that no Missouri based media or economic development officials appear to be present, invited, or interviewed. Also neither the Post or Business Journal have the story, six hours after announcement.
Maybe they did and interviewed regional leaders and just haven’t gotten the story out yet? Maybe!
Are Illinois / Metro East leaders intentionally avoiding sending an invite in order to withhold political credit? Keep it an Illinois story, not a St. Louis one. Are MO based media and regional leaders overlooking it?
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MO politicians can't take credit for it, not in their district/for their constituents.
Unless on a national level, something like the Stan Span, you don't see them (local pols) crossing the border. It is a success story for the region, and media should pick it up eventually.
This is something that Greater STL should be talking about though, even if they weren't involved.
Unless on a national level, something like the Stan Span, you don't see them (local pols) crossing the border. It is a success story for the region, and media should pick it up eventually.
This is something that Greater STL should be talking about though, even if they weren't involved.
TheWayoftheArch_V2.0 wrote: ↑Jan 18, 2024MO politicians can't take credit for it, not in their district/for their constituents.
Unless on a national level, something like the Stan Span, you don't see them (local pols) crossing the border. It is a success story for the region, and media should pick it up eventually.
This is something that Greater STL should be talking about though, even if they weren't involved.
They did tweet about it. https://x.com/greaterstlinc/status/1748 ... 9OqINnkYxA
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Swedish medical device firm relocates US headquarters to St. Louis
https://www.bizjournals.com/stlouis/news/2024/01/30/senzime-us-headquarters-st-louis-boston.html?cx_testId=40&cx_testVariant=cx_5&cx_artPos=0#cxrecs_sSenzime, a Swedish medical device company that develops patient monitoring systems, has relocated its U.S. headquarters to St. Louis.
The medical device firm this month moved its U.S. headquarters from Boston to St. Louis. It's a move CEO Philip Siberg said was influenced by his previous ties to the St. Louis region, the area’s proximity to major health care companies and a lower cost of operating here compared with Boston.
Senzime develops systems to monitor patients during and after surgery. Its devices are focused on monitoring patients while under anesthesia and to track respiratory volume. The company said its technology can help clinicians best determine when to wake up a patient from anesthesia after an operation. The technology’s ability to monitor anesthesia dosage can help reduce post-surgery complications, Siberg said. Senzime is listed on the Nasdaq Stockholm Main Market (Nasdaq: SEZI), with its shares cross-traded in the U.S. on the OTCQX exchange. Senzime most recently publicly disclosed financial results for the first nine months of 2023, reporting net sales for the period rose 163% to 24.9 million Swedish krona (roughly $2.29 million). Siberg said Senzime has been funded through about $75 million from U.S. and Swedish investors. He did not disclose the names of its investors.
Senzime established its U.S. operations in 2020 and currently has about 25 U.S.-based employees, Siberg said. It recently hired a commercial vice president, George Hamilton, based in the St. Louis region.
Siberg also has previous ties to St. Louis as co-founder and former president of Swedish medical device company Coala Life. Coala participated in the 2019 Health Innovation Summit hosted by GlobalSTL, the international recruitment arm of innovation hub BioSTL. Coala took steps following the 2019 Health Innovation Summit to establish operations in St. Louis, but ultimately set up its U.S. base in California. Siberg said he told GlobalSTL lead Vijay Chauhan he “had to do it in St. Louis this time” with Senzime.
“The BioSTL is a phenomenal service for startups and scale-up companies who want to establish themselves in the U.S. They really help to open doors, to give you the network and the opportunities,” Siberg said.
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https://www.linkedin.com/posts/nidec-ae ... member_iosaddxb2 wrote:Another win to follow.
Local exec named to lead new St. Louis-based joint venture developing electric systems for 'flying cars' https://www.bizjournals.com/stlouis/new ... anufacture
“A new St. Louis-based company formed to develop electric propulsion systems for the aerospace industry – specifically, electric systems for emerging aircraft that have been described as “flying cars' – has received all required regulatory approvals and has named a local exec to lead the company.”
“Nidec Aerospace said its “launch-customer” is slated to be Eve Air Mobility (NYSE: EVEX), an independent company launched out of Embraer that’s developing an eVTOL aircraft for urban travel.”
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i dunno, these services will likely be quieter than the equivalent hydrocarbon based systems. And if they are widely adopted you probably see a net noise reduction as less people would travel by car which is inherently a noisiers mode of travel.quincunx wrote: ↑Feb 27, 2024Gross, no more noise, please!
Whether they can find a niche to serve is an open question. I can see some value in a lower maintenance short hop air transit service but the idea that they will be ubiquitous seems like a stretch, especially in the near term. Its hard for me to imagine such a service expanding beyond an elite customer base. The only way to do it is by lowering pilot qualification requirements or removing them altogether through automation and i just question whether the FAA is ready to even entertain that within the next 2 decades.
Still its good high paying technical jobs added to the local economy so lets wish them luck.
This makes me think of all the money pissed away on AVs that could have built and run buses.
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Sure but its all relative. This activity is far more net beneficial for society than something like bitcoin or the metaverse or whatever other BS grift is hot at the moment. These people will attempt to solve real engineering problems and produce real goods and services. I prefer that work be done here rather than elsewhere, regardless of the ultimate value of the product.quincunx wrote: ↑Feb 27, 2024This makes me think of all the money pissed away on AVs that could have built and run buses.
Short of living in a top down autocracy where all your decisions are dictated to you by the state there will be a level of inefficiency to the churn of capitalism. If it was public dollars, which its not so far as I know, i would agree.
Oh I'm sure they're find a way to foist whatever negative externalities and unsustainabilities on the wider public.
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Let's be honest: flying cars are not happening in any appreciable way anytime soon due to liability and safety concerns.
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Depends on what you mean by flying cars. If you full autonomous flight, or if you mean one in every driveway then i agree. If you mean short hop 'uber-like' transport services, then it already (kind of) exists. The difference now if advances in technology may allow access to a wider set of people and a wider set of takeoff and landing locations. Does that make it a viable market & a profitable business. Who knows, and who cares. I hope St. Louis is the place where the tech is developed.Trololzilla wrote: ↑Feb 28, 2024Let's be honest: flying cars are not happening in any appreciable way anytime soon due to liability and safety concerns.
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If some VC wants to dump billions of dollars into developing this in STL, let them. I'll take that short term buzz and economic growth any day as long as it doesn't cost tax dollars
That's how it's done in most cities today. I'd imagine St. Louis will be no different.GoHarvOrGoHome wrote: ↑Feb 29, 2024If some VC wants to dump billions of dollars into developing this in STL, let them. I'll take that short term buzz and economic growth any day as long as it doesn't cost tax dollars
Keep in mind we already have helicopters taking off and landing on the riverfront for tourists. This could in theory replace that too in time.
Personal nitpick: nobody is calling these "flying cars." They're eVTOLs - short for Electronic Vertical Takeoff Or Landing". A flying car is something that can be driven down the road like a conventional automobile and also happens to fly. These are flying machines only.
The idea is that these could replace cars or even helicopters. That's a positive if it can be done safely and in a cost effective manner. As usual, though, it depends on the execution.
Absent something horrible in the final design, these could be better than one in person in a car and/or helicopter. They're no replacement for true mass transit but they do have valid use cases that should be better than what's available today. It's good to get a foothold in the industry earlier than later, even if it's currently unclear whether a viable product will result.
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Personal nitpick: nobody is calling these "flying cars." They're eVTOLs - short for Electronic Vertical Takeoff Or Landing". A flying car is something that can be driven down the road like a conventional automobile and also happens to fly. These are flying machines only.
The idea is that these could replace cars or even helicopters. That's a positive if it can be done safely and in a cost effective manner. As usual, though, it depends on the execution.
Absent something horrible in the final design, these could be better than one in person in a car and/or helicopter. They're no replacement for true mass transit but they do have valid use cases that should be better than what's available today. It's good to get a foothold in the industry earlier than later, even if it's currently unclear whether a viable product will result.
-RBB
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BJC buys former Panera Bread headquarters in Sunset Hills
https://www.stltoday.com/news/local/metro/bjc-buys-former-panera-bread-headquarters-in-sunset-hills/article_918d15c2-f762-11ee-bffa-db44aa49f1e7.html#tracking-source=home-top-storyBJC Health has purchased the former headquarters of Panera Bread in south St. Louis County.
The health care system bought the 116,300-square-foot building, at Watson and South Geyer roads in Sunset Hills, earlier this year for $9.9 million, according to a report from commercial real estate firm JLL.
It's not clear what BJC plans to do with the property, at 3660 South Geyer; a spokeswoman did not immediately respond to a request for comment. Panera Bread, known locally as St. Louis Bread Co., left the 1980s-era office building last year for smaller space in Fenton. Panera's new office is located on the campus of corporate incentive company Maritz, which has leased excess space on its south campus. The Geyer Road property was last sold in 2013 to a Los Angeles-based real estate company for $17.3 million, according to St. Louis County property records.
Perficient to be acquired by EQT for approximately $3 billion
https://www.businesswire.com/news/home/ ... .0-Billion
"Upon completion of the transaction Perficient’s shares will no longer trade on the NASDAQ, and Perficient will become a private company. In addition, Perficient’s headquarters will remain in St. Louis, Tom Hogan will continue as CEO, and the current management team will continue to lead Perficient."
I think this is a good outcome for the St Louis region.
https://www.businesswire.com/news/home/ ... .0-Billion
"Upon completion of the transaction Perficient’s shares will no longer trade on the NASDAQ, and Perficient will become a private company. In addition, Perficient’s headquarters will remain in St. Louis, Tom Hogan will continue as CEO, and the current management team will continue to lead Perficient."
I think this is a good outcome for the St Louis region.