Sunday, November 16, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Missouri

LoansMidwestMissouriMultifamily

Berkadia Arranges $15.4M Loan for Refinancing of Multifamily Community in Suburban St. Louis

by Kristin Harlow

ST. PETERS, MO. — Berkadia has arranged a $15.4 million Freddie Mac loan for the refinancing of Pure St. Peters, a 143-unit multifamily community in the northwest St. Louis suburb of St. Peters. Charles Foschini, Christopher Apone and Shannon Wilson of Berkadia arranged the financing on behalf of the borrower, Tilden Legacy Pure St. Peters Apartments LLC. The loan features a five-year term and a fixed interest rate. The property was 94 percent occupied at the time of the loan closing. The three-story community was built in 2019. Amenities include a pool with sundeck, fitness center, package receiving area, business center and outdoor lounge.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMissouriMultifamilySeniors Housing

Tutera Expands Portfolio with 26 New Senior Living Communities Largely in Midwest

by Kristin Harlow

KANSAS CITY, MO. — Tutera Senior Living & Health Care has added 26 senior living communities to its portfolio through a transaction with AlerisLife and an ongoing partnership with Diversified Healthcare Trust. The expansion, which includes eight owned acquisitions and 18 new management agreements, strengthens Tutera’s Midwest presence. With this addition, Kansas City-based Tutera will operate 108 communities across 11 states, with 66 dedicated senior living communities totaling 5,422 units. The company’s overall portfolio now encompasses 9,755 units, with a mix of 56 percent senior living and 44 percent skilled nursing. The expansion broadens Tutera’s footprint into Tennessee, adding to its presence in Alabama, Illinois, Indiana, Iowa, Kansas, Louisiana, Missouri, Nebraska, Oklahoma and South Carolina. The phased acquisition and transition of the 26 communities is expected to be completed by the end of the year. Some properties will transition to new names under Tutera.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMidwestMissouriMultifamily

BridgeCore Capital Provides $1.8M Refinancing for Multifamily Property in Berkeley, Missouri

by Kristin Harlow

BERKELEY, MO. — BridgeCore Capital Inc. has provided a $1.8 million loan for the refinancing of a 44-unit, two-story multifamily property in Berkeley, a northwest suburb of St. Louis. The asset was built in 1957. The borrower was experiencing multiple technical defaults resulting from complexities with the existing agency lender. BridgeCore coordinated directly with the mortgage advisory team and title company to close the transaction within the expedited timeframe. BridgeCore also solved a number of unexpected ancillary issues that arose during the due diligence and closing process, including removal of one of the guarantors, adjusting the insurance coverage period at loan commencement and restructuring an entity certification into a written consent.

Continue Reading
FacebookTwitterLinkedinEmail
KansasMarket ReportsMidwestMidwest Market ReportsMissouriOffice

From Stability to Selective Growth: Kansas City’s Office Market in Focus

by Kristin Harlow

By Anné Erickson, JLL Kansas City’s appeal is catching the attention of companies looking for more than just square footage. From corporate relocations like Fiserv and expansions by Propio Language Services, to a deep talent pool, business-friendly environment and central location, the metro is emerging as a strategic choice for growth. These factors are fueling activity in a market already defined by stable fundamentals, headline lease transactions and a strong flight-to-quality trend. While the overall vacancy rate remained at 20.2 percent according to JLL’s Q2 2025 Kansas City Office Market Dynamics report, the quarter delivered 192,000 square feet of positive net absorption, reversing early-year declines. Average asking rents held steady at $22.98 per square foot, signaling stability despite the competitive environment. For tenants seeking to secure best-in-class space, and investors targeting properties with long-term upside, Kansas City is increasingly worth a closer look. Flight to quality One of the clearest shifts in recent quarters has been the move toward high-quality, well-located buildings that can support hybrid work, collaboration and tenant amenities. After several years of shorter lease terms and cautious decision-making, companies are now committing to space that reflects their long-term workplace strategies. This was evident in several major second-quarter …

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsKansasMidwestMissouriMultifamily

Berkadia Arranges Sales of Three Multifamily Properties in Kansas City Market

by Kristin Harlow

KANSAS CITY, MO. — Berkadia has arranged the sale of Ashton Court, a 41-unit multifamily property built in 1960, and Ashton Place, a 37-unit community constructed in 1961, in Kansas City. Michael Spero, Niko Vrentas and Simon Rodewald of Berkadia represented the seller, Shawnee, Kan.-based Landmark Realty. Kansas City-based G1 Real Estate was the buyer. Additionally, the Berkadia team negotiated the sale of The Marseilles Apartments, a 28-unit property in Fairway, Kan. A private Missouri-based partnership sold the asset to Northfield, Ill.-based QMR Partners LLC. Built in 1971, the community offers a mix of studio, one- and two-bedroom units as well as a swimming pool and structured parking garage.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityMidwestMissouriOffice

Gilmore Bell Renews 18,000 SF Office Headquarters Lease in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Gilmore & Bell PC, a public finance law firm, has renewed its office headquarters lease for approximately 18,000 square feet within the 2405 Grand Boulevard Building at Crown Center in Kansas City. Michael VanBuskirk, Richard Chamberlain and Raegen Kersey of Newmark Zimmer provided real estate consulting services and represented Gilmore Bell in the lease negotiations. GastingerWalker& is providing architectural and interior design services for the remodel of the entire 11th floor. The 14-story office tower totals 245,000 square feet.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisIndustrialMidwestMissouri

MAG Capital Partners Buys 165,000 SF Food-Grade Production Portfolio in Metro Chicago, Kansas City

by Kristin Harlow

CHICAGO AND KANSAS CITY, MO. — MAG Capital Partners has purchased two food-grade production facilities via a sale-leaseback in metro Chicago and Kansas City. The seller was a provider of ingredients for food, pet and personal care segments. The portfolio comprises 165,000 square feet of manufacturing, warehousing and R&D space on 33 acres.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMissouriMultifamily

EHP Capital, Aspen Funds Buy Hunters Glen Apartments in Kansas City for $27M

by Kristin Harlow

KANSAS CITY, MO. — EHP Capital and Aspen Funds have purchased Hunters Glen Apartments in Kansas City for $27 million. The partnership will launch a comprehensive renovation plan to modernize interiors and upgrade amenities at the 253-unit multifamily community. The property was built in 1975 and includes studio through three-bedroom floor plans ranging from 506 to 1,127 square feet, according to Apartments.com.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMidwestMissouriMultifamily

Gantry Arranges $32.4M Loan for Refinancing of Apartment Community in Suburban St. Louis

by Kristin Harlow

VALLEY PARK, MO. — Gantry has arranged a $32.4 million permanent loan to refinance construction debt for 44 West Luxury Living in the St. Louis suburb of Valley Park. Mia Rose Holdings is the developer and owner of the 204-unit, garden-style apartment community. Comprised of five buildings and a clubhouse, the property was completed in 2024. In addition to the clubhouse, amenities include a heated pool and sundeck, outdoor grill area and fitness center. Joe Monteleone and Bonnie Monteleone of Gantry represented the borrower, a private real estate investor. An institutional direct lender provided the five-year, fixed-rate loan.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialMidwestMissouri

Contegra Completes 120,000 SF Manufacturing Facility for Elite Tool in Moscow Mills, Missouri

by Kristin Harlow

MOSCOW MILLS, MO. — Contegra Construction has completed a 120,000-square-foot manufacturing facility for Elite Tool in Moscow Mills, a northern suburb of St. Louis. The project replaces the company’s 70,000-square-foot manufacturing operation. The $20 million expansion is expected to create 30 new jobs. Located at 609 Tropicana Village Drive, the property features a 110,000-square-foot manufacturing zone, 8,000-square-foot office and 2,000 square feet of mezzanine storage. The facility includes various power and mechanical infrastructure as well as three dock doors, an oversized drive-in door and parking for 90 vehicles. Elite Tool is a lean contract manufacturer for the aerospace, commercial and defense industries.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts