Real Estate Industry News | St. Louis Real Estate Society

Mills DeBalieviere Place portfolio sells

The 123 apartments and commercial tenants of Mill Properties real estate portfolio in the DeBalieviere Place neighborhood of St. Louis sold for a little over $6 million at auction last week. The three properties in question were located at 5660 Kingsbury Place, 5560 Pershing and 5501 Pershing. via STLtoday.com More»

By Matt Kastner | May 8, 2011

“Notice of Intended Sale” filing a must

If you are a real estate investor in the State of Missouri who rehabs homes for resale, read carefully. As of November 1, 2010, if you will be performing any significant renovation work on a property for the purpose of resale, you will need to file an official notice in recognition of this fact. Specifically, More»

By Matt Kastner | April 23, 2011

Stop real estate transfer taxes in Missouri

On November 2, 2010, Missouri voters will have a chance to put the matter of a transfer tax on homes and all other real estate transactions in the state to rest. While 37 other states, as well as the District of Columbia. These tax rates range from Colorado on the low-end at 0.01% to Delaware More»

By Matt Kastner | October 29, 2010

Eighteen Investments in trouble?

Rumors have been circulating lately that real estate developer Eighteen Investments, and their real estate brokerage arm Bellington Realty, have hit hard times. They had been short selling a few buildings, including one I have reported on at 3155 Gustine, but nobody really seemed to know how deep the problem went. Until the St. Louis More»

By Matt Kastner | September 21, 2010

State of the Market: January 2010

It’s been far too long since I have relayed my thoughts on the state of the investment real estate market, so in the spirit of the season, here is a quick rundown of my current investment market impressions in South St. Louis, Missouri: Single-Families – There is no doubt that the $8000 homebuyer credit had More»

By Matt Kastner | January 20, 2010

Multi-family Sales Report – Sept. 2009

The following tables display all the multi-family properties sold in the City of St. Louis south of Delmar, from September 1st to September 30th, 2009. The properties are broken down by number of units. More»

By Matt Kastner | October 2, 2009

DHP Investments in court

If you are involved in the real estate industry in any shape or form in the St. Louis area, there is a good chance you have heard of DHP Investments, and Doug Hartmann. If you’re a real estate investor there is also a good chance you were swindled by him or might have have purchased More»

By Matt Kastner | April 9, 2009

Historic Tax Credits under fire

Once again a small group within the Missouri General Assembly has targeted the Historic Tax Credit program for modification or elimination. Your input to your senator is critical if we are to preserve this critically important tool for redevelopment of our cities and towns. More»

By Matt Kastner | February 16, 2009

Bailout goes local with Pulaski

It seems like Pulaski Bank couldn’t resist the call of all that bailout money. The Post Dispatch is reporting that they will receive an infusion of $32.5 million fromt he government in exchange of like amount of stock. Reports say that the bank is well capitalized, but they want the money to be able to More»

By Matt Kastner | December 23, 2008

Housing prices continue to fall

You’d think that the sky was falling. Here’s the bad news of the day on housing: Meanwhile, the Standard & Poor’s/Case-Shiller national home price index released Tuesday tumbled a record 16.6 percent during the quarter from the same period a year ago. Prices are at levels not seen since the first quarter of 2004. This More»

By Matt Kastner | November 25, 2008

Vacant Property Registration

This isn’t exactly breaking news, but I thought I should share some info about a St. Louis City Bill (Board Bill 174) that could have a direct affect on City investors. This bill was introduced in July to the Board of Alderman by Alderwoman Triplett and Alderman Kennedy. Here is the summary of the bill More»

By Matt Kastner | September 30, 2008

Wachovia and A.G. Edwards

What a difference a year can make. Thats about how long it has been since Wachovia bought St. Louis-based A.G. Edwards. According to this article, it looks like Wachovia just sold off its banking operations to Citigroup. Apparently the brokerage is not part of the deal, but one has to wonder what kind of affect More»

By Matt Kastner | September 29, 2008

Local banks will survive government buyout

It sounds like the Fannie Mae/Freddie Mac shakeup won’t be too big an issue for local banks in Missouri and Illinois after all. So this article in the Post Distpatch claims anyway. More»

By Matt Kastner | September 11, 2008