Real Estate Blog

Human-centered employers understand that behind every great company, product, service and tool are great employees. Therefore, they work toward keeping their most valuable assets — their people — motivated, engaged and happy. While the environments in which we work are just one piece of the workplace culture conundrum, they represent a pretty large piece of the puzzle.

When done thoughtfully, human-centric work environments are so much more than aesthetics. Not only are they meant to support…

2017 revenue: $588 million

+19%

Construction services firm Paric Corp. recorded a nearly 20 percent increase in revenue year-over-year due to growth in its core markets, including senior living, health care and education, said Todd Goodrich, vice president of business development.

Paric Corp. completed the $47 million Browning Hall for Webster University in 2017. The company also completed construction of St. Louis College of Pharmacy’s $50 million student center.

This year, Paric will continue…

2017 revenue: $500 million E

Southern Real Estate & Financial Co.’s revenue last year was consistent with 2016. The family-owned company underwent a year-end leadership change after Chairman, President and CEO Charles Cella died Dec. 6. His son John Cella moved up to president of the company, which owns commercial properties in St. Louis city and county. John McDonald remains as vice president.

John Cella also is executive vice president of the family’s St. Louis-based Southwestern Enterprises…

2017 revenue: $964 million

-24.5%

With less construction work nationwide, revenue dropped at CIC Group, a holding company consisting of eight business units that specialize in heavy industrial construction and the supply of heat recovery steam generators to the power industry.

Revenue was up 17 percent in the company’s power segment but down 25 percent in the construction segment, said Don Lange, chairman, president and CEO. “The company anticipates about the same revenue in 2018,” he said.

Nooter…

2017 revenue: $900 million

+8%

Fenton-based Fabick CAT, the exclusive dealer of Caterpillar equipment, power systems, parts, service and rental equipment throughout major portions of Missouri, Illinois, the entire state of Wisconsin and upper Michigan, celebrated 100 years in business in 2017. The company saw success across its diverse territory with specific highlights in the frac mining industry and a booming construction industry.

“For 100 years, Fabick CAT has supplied equipment and services…

Hawaii’s Trinity Investments LLC has acquired the Hilton Los Cabos Beach & Golf Resort in Los Cabos, Mexico, in a joint venture with affiliates of Walton Street Capital LLC and funds managed by Oaktree Capital Management LP for an undisclosed price and sold a portion of the rooms to Hilton Grand Vacations.

“Purchasing the Hilton Los Cabos Beach & Golf Resort advances our proven strategy of acquiring well-located, high-quality assets with value-add upside in international markets that we know…

The Portland nonprofit is taking a new approach to the affordable housing crisis

Bob Brant retired from Gentry Homes Wednesday after 18 years as president and CEO of the Hawaii-based residential development company that has built thousands of homes in West Oahu.

Quentin Machida, who was most recently the company’s senior vice president and chief financial officer, succeeds him as president and CEO.

During Brant’s tenure, Gentry developed multiple single-family home and condominium projects in the master-planned community Ewa by Gentry, which is now home to more than 8,300…

2017 revenue: $3.7 billion

+8.8%

The addition of new clients helped McCarthy Holdings grow revenue in 2017, said Scott Wittkop, president and COO.

“We deliver an exceptional client experience and that turns into more sales,” Wittkop said.

McCarthy, a general contractor, averaged $4 billion in sales the last four years, which is the value of contracts awarded to the company for future construction projects, he said. The company saw sales reach $4.3 billion in 2017 and expects to be close…

Friendswood Development Co., one of Houston’s most active residential real estate developers, is launching another master-planned community.

Baytown Crossings will be on 514 acres at Garth and Wallisville roads in Baytown's extraterritorial jurisdiction, according to a press release. The first homesites are expected to be available for builders in early 2019, and the community’s grand opening is planned for summer 2019. Baytown City Council approved the creation of a municipal utility district…