Real Estate Blog

2017 revenue: $341.1 million

+29%

A diversity of defense, health care and distribution center projects accounted for The Korte Co.’s solid growth last year.

The employee-owned national design-build construction company, which was founded by Ralph Korte in 1958, is headquartered in St. Louis with offices in Highland, Illinois; Norman, Oklahoma; and Las Vegas.

Last year, Korte completed a $92.5 million design-build distribution center project for the U.S. Postal Service in Portland, Oregon.…

2017 revenue: $257.3 million

+24%

In 2017, McBride Homes sold 854 homes, compared with 750 in 2016. Chairman and CEO John Eilermann Jr. anticipates closing on closer to 900 homes in 2018.

“There is demand for new homes, so the market is strong right now,” Eilermann said. “We brought on new communities that have been successful for us, and we continue to bring larger master-planned communities.”

Eilermann said that part of the company’s success in 2017 is due to seven flagship communities,…

Pahoa business Hale Moana Bed & Breakfast said in an email Wednesday that it has closed after 18 years in business due to lava that has been erupting in the area since last week.

“The lava inundation of our beloved Leilani Estates and the fact that we don’t know if we can ever again live in our home, however, make it necessary to take this step and close this chapter,” Owner Petra Wiesenbauer said in the email. “It is difficult to let go of this amazing part of my life, but I have come…

2017 revenue: $285.56 million E

Creve Coeur-based real estate investment firm Scott Properties, owned by Joe Scott, purchased Park 270, the two-building campus at Interstate 270 and Page Boulevard, for $25.8 million from Trimont Real Estate Advisors in early 2017.

In 2018, an entity affiliated with Scott Properties acquired Chesterfield Towne Centre at 101-219 Chesterfield Town Centre from Continental Realty for $9 million, according to St. Louis County records.

Local employees: 132 E

Total employees:…

2017 revenue: $260 million

+14.5%

A record year for its utility contractor, ADB Cos. Inc., and zero recordable incidents at general contractor L. Keeley Construction helped increase revenue for the Keeley Companies in 2017.

Revenue for ADB eclipsed $100 million in 2017, CEO Rusty Keeley said. Last year, the Keeley Companies also purchased 49 percent of Inspired Solutions, a reseller and strategic material logistics provider.

Rusty Keeley is majority owner of the Keeley Companies, which consists…

2017 revenue: $230 million

-18%

S.M. Wilson & Co., an employee-owned commercial construction firm, saw revenue decline 18 percent in 2017 due to a shift in work that was supposed to take place in 2017, but started in 2018, according to President Amy Berg.

In addition, one of the firm’s largest projects, the $1 billion campus renewal at the BJC HealthCare and Washington University Medical Center complex, was winding down in 2017, she said. S.M. Wilson also completed work on the $7.9 million…

2017 revenue: $225 million E

A strong infrastructure market nationwide and a large local contract pushed 2017 revenue up at SAK Construction, CIO Jim Kalishman said.

In August, O’Fallon, Mo.-based SAK Construction was awarded a $147.7 million contract from the Metropolitan St. Louis Sewer District for the Deer Creek Tunnel project. That project, part of MSD’s $4.7 billion Project Clear initiative, includes replacing a sanitary tunnel from Clayton to Shrewsbury.

2018 started off strong for…

2017 revenue: $484.5 million

+17.6%

CRG, the private real estate development arm of Clayco, more than doubled the square feet it had under development in 2017 leading to a 17.6 percent spike in revenue to $484.5 million.

Thanks in large part to e-commerce, CRG began the year with almost 8 million square feet under development and closed 18 development deals totaling 8.5 million square feet. It also ended the year with five deals in the process of closing, the company said.

Keeping up with that…

The Denver parks department signed off Wednesday on a controversial land swap with a developer that will affect the placement of a long-discussed pocket park.

If the deal is approved by the City Council this summer, developer HM Capital would give the city about $650,000 for the design and construction of a city park on a roughly 0.35-acre parcel HM owns on Fairfax Street, south of East 29th Avenue.

In exchange, Denver Parks and Recreation would transfer a city-owned property of similar size across the street — bought with intentions of building a park — to HM for potential redevelopment. The parks department announced its decision in an email to Park Hill community contacts in the late afternoon.

What has rankled some community and park advocates is that the land-swap proposal would result in a park set between HM Capital’s planned new residential and office buildings and restaurants. Plans for Park Hill Commons have referred to the park as The Square, signaling HM’s hope to integr..

Milan Hejduk and his family will remain Colorado residents, but the former Avalanche forward who had his No. 23 sweater retired by the club in January has listed his 16,700 square-foot mansion in Parker for a cool $5.2 million.

That price includes a full-sized hockey rink and a Zamboni — key elements in the elite-level development of Hejduk’s twin sons, Marek and David. The 14-year-olds might begin their junior careers as early as age 16, which would require them to play outside Colorado.

The boys recently finished their 14U season with the AAA Colorado Thunderbirds, a team coached by Hejduk and fellow former Avalanche Jan Hejda.

Hejduk and his wife Zlatuse became U.S. citizens in 2016 and have no plans of moving out of Colorado, where Milan has lived since joining the Avs in 1998.

“No, no. We’re just trying to take advantage of the market here (and) who knows what’s going to happen with the boys,” Hejduk said during the Denver Post’s hockey podcast “Traffic in Front of the Net” th..