During a presentation at the geospatial conference today Booz Allen Hamilton said they are planning their expansion here. Didn't say how big or anything. May not but much but wanted to note it.
^^ Maybe it was just some speculation around here...but I thought at one point there was a similar plan? All the way down to the retail store...which I think basically happened with Baseballism.
Edit: Rawlings was being courted at one time...never did happen though. Plenty of space still available at the Pennant Building...
https://www.bizjournals.com/stlouis/new ... atest.html
Edit: Rawlings was being courted at one time...never did happen though. Plenty of space still available at the Pennant Building...
https://www.bizjournals.com/stlouis/new ... atest.html
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Would love to see a giant glove in BPV just like the giant Louisville Slugger in Louisville. Rawlings is one of those names that even a symbolic presence downtown would give STL a bigger sports identity
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That video you posted from the Globe Building in the NGA thread mentioned Globe ownership was in "advanced discussions" with several other GeoInt companies about locating there. Wonder if this is one of them.jshank83 wrote: ↑Oct 21, 2020During a presentation at the geospatial conference today Booz Allen Hamilton said they are planning their expansion here. Didn't say how big or anything. May not but much but wanted to note it.
I think they may currently have offices in T-Rex. Not 100% sure but when they were talking about recruiting people to come here the person mentioned once they get people in to T-Rex it helps. But if they are expanding they would probably need space somewhere else so that might make sense.sc4mayor wrote: ↑Oct 21, 2020That video you posted from the Globe Building in the NGA thread mentioned Globe ownership was in "advanced discussions" with several other GeoInt companies about locating there. Wonder if this is one of them.jshank83 wrote: ↑Oct 21, 2020During a presentation at the geospatial conference today Booz Allen Hamilton said they are planning their expansion here. Didn't say how big or anything. May not but much but wanted to note it.
Their website lists offices in Cortex and IL'Fallon though. I thought they used to have one downtown at some point.
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And as I posted in the thread for this project; it’s underwaysc4mayor wrote: ↑Oct 21, 2020^ 300 S Broadway is just going to be apartments with some first floor retail/sports bar.
In other news...Green Street has acquired HDA. Currently they will remain in their respective offices but there are plans for a combined headquarters building in the future.
https://www.bizjournals.com/stlouis/new ... xUm_Q9_rSw
Henkel plans $40 million expansion of North Riverfront detergent factory
https://www.stltoday.com/business/local ... c2f3e.html
Nothing too big. Will add a handful of decently paying positions to their roughly 200 employees already on the site.
https://www.stltoday.com/business/local ... c2f3e.html
Nothing too big. Will add a handful of decently paying positions to their roughly 200 employees already on the site.
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Looks like Wells is starting some layoffs, at least in NC. Anybody hear if STL is getting affected?
https://investorplace.com/2020/10/wells ... t-to-know/
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https://investorplace.com/2020/10/wells ... t-to-know/
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Henkel is investing $40mil in its north riverfront facility with the plans to add more than a dozen jobs.
https://www.stltoday.com/business/local ... c2f3e.html
https://www.stltoday.com/business/local ... c2f3e.html
^ I posted the same thing two comments up 
^^ I imagine it’s possible, but I thought I always heard the unit based here was in much better shape than the rest of the company overall. Pre-pandemic they were renovating office space and adding hundreds of new jobs in STL.
^^ I imagine it’s possible, but I thought I always heard the unit based here was in much better shape than the rest of the company overall. Pre-pandemic they were renovating office space and adding hundreds of new jobs in STL.
Not sure from the reporting if the Wells Fargo NC layoffs is in regards to the Securities group and or the Banking group or all of the above. The number of employees stated at 27,000 sounds like they included everyone in same bucket from Securities on down to the local retail banker
WFC laying off across all lines of business and mostly middle management so I'd expect STL to be affected. Technically we host Wells Fargo Advisors, a brokerage subsidiary, but I doubt it will be left untouched.
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I've heard anecdotes, rumors, and hearsay about Wells Fargo...
STL will not see many layoffs, but there will be demotions with pay decreases. While this sucks, it should keep people employed.
Meanwhile, while Wells Fargo Advisors (STL) is OK, the Wells Fargo Banking side is apparently gonna get lit up. I've heard Charlotte is going to hurt.
Right now, the company's price/book ratio is 0.60. I consider it a personal rule of thumb that large cap stocks with P/Bs under 2 are potential buyout candidates... But it's still probably too early into the imminent downturn to anticipate anything like a tangible offer. Let things get worse, and let the layoffs take effect, and we'll see what's happening. What would that mean for STL? Who knows. The Advisors division is an entirely different animal from the Banking side. Plus, there's a ridiculous amount of talent in STL, as we very much are a national cluster in securities brokerage. Maybe there'd be a split? Maybe nothing happens at all? Again, way too early to know anything tangible, but definitely keeping an eye on this and my ears open for more rumors.
STL will not see many layoffs, but there will be demotions with pay decreases. While this sucks, it should keep people employed.
Meanwhile, while Wells Fargo Advisors (STL) is OK, the Wells Fargo Banking side is apparently gonna get lit up. I've heard Charlotte is going to hurt.
Right now, the company's price/book ratio is 0.60. I consider it a personal rule of thumb that large cap stocks with P/Bs under 2 are potential buyout candidates... But it's still probably too early into the imminent downturn to anticipate anything like a tangible offer. Let things get worse, and let the layoffs take effect, and we'll see what's happening. What would that mean for STL? Who knows. The Advisors division is an entirely different animal from the Banking side. Plus, there's a ridiculous amount of talent in STL, as we very much are a national cluster in securities brokerage. Maybe there'd be a split? Maybe nothing happens at all? Again, way too early to know anything tangible, but definitely keeping an eye on this and my ears open for more rumors.
My pipe dream would be for Benjamin F. Edwards & Co. to somehow put together a deal to buy WF Advisors.
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^Sure would be poetic, reacquiring AGE from WFC. I'd think B/Ds outside of STL would be more interested and better capitalized for such a deal. Looking ahead, I think STL will recognize more financial services companies setting up operations here, particularly after the pandemic ends.
We both posted at the exact same time, but I started a new thread. This news is really exciting!addxb2 wrote: ↑Oct 29, 2020I’d be nervous if I were peer regions. This is going to be a strong group that is maybe 2x as comprehensive and impactful as neighboring regions leading economic development groups. Jason as leader makes this even more lethal.
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I'd settle for them just moving their HQ downtown.framer wrote: ↑Oct 28, 2020My pipe dream would be for Benjamin F. Edwards & Co. to somehow put together a deal to buy WF Advisors.
After a big quarter, Caleres (formerly Brown Shoe) is now worth about as much as Mallinckrodt Pharmaceuticals, Peabody Energy and Arch Resources combined.
Crazy times for St. Louis corporations.
Crazy times for St. Louis corporations.
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My girlfriend is hoping to secure a position with Caleres. Fingers crossed.wabash wrote:After a big quarter, Caleres (formerly Brown Shoe) is now worth about as much as Mallinckrodt Pharmaceuticals, Peabody Energy and Arch Resources combined.
Crazy times for St. Louis corporations.
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^The fact that your ship is riding higher in the water than one that's broken in two doesn't mean it isn't sinking, but I will take this as a hopeful sign. I hope that big quarter was actually positive and not flat. (Or even just less negative than, say, Titanic's.)
We may not always need coal or oxycodone, but we will probably always need shoes. Though . . . I'm not putting much wear on mine right now somehow.
I kid. Good luck to Caleres. Sincerely.
We may not always need coal or oxycodone, but we will probably always need shoes. Though . . . I'm not putting much wear on mine right now somehow.
I kid. Good luck to Caleres. Sincerely.
Citi adding around 100 jobs to the 2,300 they currently have in O'Fallon in a wealth management expansion:
https://www.bizjournals.com/stlouis/new ... 0#cxrecs_s
https://www.bizjournals.com/stlouis/new ... 0#cxrecs_s
Modest but great news, hopefully we can leverage the partial exodus from cities like NYC to regain status as a financial center.sc4mayor wrote: ↑Nov 20, 2020Citi adding around 100 jobs to the 2,300 they currently have in O'Fallon in a wealth management expansion:
https://www.bizjournals.com/stlouis/new ... 0#cxrecs_s
Post Holdings to buy Peter Pan peanut butter brand
https://www.bizjournals.com/stlouis/new ... brand.html
https://www.bizjournals.com/stlouis/new ... brand.html