a Better Bubbleā„¢

The Freightway

ā€˜The market has been on fire’: Competition for St. Louis industrial property heats up

3 years 9 months ago

This article originally ran in the St. Louis Post-Dispatch on November 11, 2021. In October, Alfredo Gutierrez closed on a dealĀ that he had never seen in his 30 years in commercial real estate. The founder of SparrowHawk, a Houston-based investor of industrial properties, worked out a bargain where a tenant agreed to move out of his company’sĀ Sauget warehouse months early […]

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Jared Haynes

Metal coating company expands Granite City manufacturing site due to higher steel demand

3 years 9 months ago

This article originally ran in theĀ St. Louis Business Journal on November 2, 2021. The largest independent metal coil coater in North America, based in St. Louis with 13 factories nationwide, is expanding its Granite City manufacturing site by 53,000 square feet to meet the higher demand for steel. Town and Country-based Precoat Metals, which coats and paints a range of […]

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Jared Haynes

From cars to candy, the world’s supply chains are snarled

3 years 9 months ago

This article originally ran in theĀ St. Louis Post-Dispatch on November 4, 2021. Snarled global supply chains are putting stress on companies large and small. Automakers have curtailed production because they can’t get electronic components. Industrial giant Emerson said Wednesday that logistics and labor constraints reduced its fourth-quarter revenue by $175 million. Shortages began in 2020 as a COVID-19 story: As […]

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Jared Haynes

As St. Louis’ industrial market breaks records, it’s not expected to slow down. Here’s why.

3 years 9 months ago

This article originally ran in theĀ St. Louis Business Journal on November 3, 2021. The St. Louis region’s industrial submarket was already on the upswing before the pandemic accelerated demand from the e-commerce sector, which has been a huge driver of the current industrial growth. With a record low vacancy rate of 3.8%, the region has 5.9 million square feet of […]

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Jared Haynes

As demand surges, developer builds three warehouses at once in new $65M Riverport Trade Center

3 years 9 months ago

This article originally ran in the St. Louis Business Journal on November 4, 2021. The developer of a new $65 million industrial park in Maryland Heights has three warehouses under construction simultaneously to meet the growing demand for industrial space in St. Louis. NorthPoint Development unveiled the future Riverport Trade Center at a groundbreaking ceremony Thursday with leadership of the […]

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Jared Haynes

Competitiveness of U.S. Agriculture Dependent on Infrastructure Investment

3 years 10 months ago

This article originally ran in the AgribusinessĀ Global on October 20, 2021. The interconnectivity of different transportation modes and need for reliability in both transportation and broadband infrastructure emerged as key ingredients for continued competitiveness of the U.S. agriculture industry during a virtual webinar hosted by theĀ St. Louis AgriBusiness ClubĀ on Oct. 7, 2021. The event provided a unique opportunity for dozens […]

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Jared Haynes

These are St. Louis’ 25 largest construction projects, in pictures

3 years 10 months ago

Note: Many of the projects on the St. Louis Business Journal’s annual list are part of the Freightway’s 2022 Priority Projects. You can see our Priority Projects List here. This article originally ran in the St. Louis Business Journal on October 15, 2021. Our annual list covering largest construction projects works to highlight some of St. Louis’ biggest developments, improvements, […]

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Jared Haynes

Job Alert: Executive Director, Jefferson County Port Authority

3 years 10 months ago

TheĀ Jefferson County Port Authority is accepting applications for a new Executive Director. The Jefferson County Port Authority is looking for an exceptional, results-driven leader as their next Executive Director. The ideal candidate will partner with the JCPA as a supporter and advisor, while realizing they work for the Board of Directors. The individual will be comfortable telling the Board what […]

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Lindsey

October 13 Webinar with Federal Highway Administration on Primary Highway Freight System

3 years 10 months ago

The Federal Highway Administration (FHWA) will host a public webinar onĀ Wednesday, October 13, 2021 from 1 to 2:30 p.m. CTĀ with a question and answer session on the re-designation of the Primary Highway Freight System (PHFS). Registration is required to attend this event. PleaseĀ register hereĀ to join the webinar. The FHWA published a Notice of Request for Information (RFI) in the Federal […]

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Lindsey

St. Louis County manufacturing facility to be demolished, warehouse built in its place

3 years 10 months ago

This article originally ran in the St. Louis Business Journal on October 5, 2021. A real estate developer is demolishing a closed manufacturing facility in north St. Louis County and building a speculative industrial warehouse in its place. St. Louis-based Summit Real Estate Group has closed on a purchase of a 14.35-acre industrial site at Interstate 170 and Page Boulevard […]

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Jared Haynes

Donald Danforth Plant Science Center wins grant to launch new geospatial/agtech innovation center

3 years 10 months ago

This article was originally ran in St. Louis Business Inno on October 6, 2021. Three St. Louis-based innovation hubs are teaming up on a new initiative focused on advancing projects that pair together agriculture and geospatial technologies. The Donald Danforth Plant Science Center in Creve Coeur said Wednesday it has been awarded a $1.5 million grant from the U.S. Department […]

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Jared Haynes

Speculative warehouses to be built on last open sites at St. Peters industrial park Premier 370

3 years 10 months ago

This article originallyĀ ran in the St. Louis Business JournalĀ on October 1, 2021.Ā  Construction is underway on nearly 800,000 square feet of speculative industrial warehouses in the last available lots at a logistics center in St. Charles County. Panattoni Development is building two new warehouses after purchasing the last two available lots at the Premier 370 Business Park in St. Peters […]

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Matt Fernandes

New Metro East spec warehouse would be largest ever built in St. Louis, over 1M square feet

3 years 10 months ago

This article originallyĀ ran in the St. Louis Business JournalĀ on September 28, 2021.Ā  With demand for warehouse space at an all-time high, the St. Louis area will get its first speculative industrial warehouse to measure more than 1 million square feet next year in the Metro East. When the fourth warehouse at Gateway Tradeport in Pontoon Beach finishes construction in the […]

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Matt Fernandes

With Kings Point purchase, Belleville 201 follows local need for career, tech training

3 years 10 months ago

This article originallyĀ ran on BND.comĀ on September 28, 2021.Ā  By this time next year, Belleville Township High School vocational and alternative education students will have a newly-renovated center in the former Kings Point facility in Belleville. Originally built as a tennis club and fitness facility at 7645 Magna Dr., the Kings Point property has 100,000 square-feet. Over the next year, the […]

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Matt Fernandes

Apprenticeship Roundtable Event on November 16

3 years 10 months ago

Tuesday, November 16, 2021 9 a.m. to 12 p.m. Gateway Convention Center 1 Gateway Drive, Collinsville, IL 62234 Please join Madison County Employment & Training and St. Clair County Intergovernmental Grants Department – Workforce Development Group on Tuesday, November 16 from 9 a.m. to 12 p.m. at the Gateway Convention Center in Collinsville, Illinois for an Apprenticeship Roundtable event to […]

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Lindsey