St. Louis

ElmTree is also finding the cold storage space to be "very intriguing."

The NorthSide Regeneration is a 1,500-acre mixed-use development led by McKee and his real estate development company M Property Services to revitalize blighted North St. Louis City.

ASPIRE aims to celebrate the Asian and Pacific Islander culture by building a global community that is committed to the advancement and development of its members while serving as champions of diversity and inclusion, C&W states.

The fundamentals driving the commercial real estate industry remain positive in many of the top metropolitan markets across the country, including Chicago. We are seeing strong job growth, population growth, and a ramping up of some of corporate America's top companies.

The joint venture partners state their total investment in the properties, including the purchase price and planned capital improvements, will exceed $100 million.

Since 2017, the Chicago area has seen a slight increase in investment within Opportunity Zones, while values in those areas have decreased.

The project is a joint venture with The McKinney Fund & Company, with Central Bank of St. Louis and Central Bank of the Midwest providing the construction financing for the project.

The 306,448-square-foot facility at 5959 West Howard St. was originally constructed in 2015 as a build-to-suit for FedEx Ground, the net-leased property supports distribution in the surrounding markets and features 101 dock high doors on a 39.81-acre site.