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KIKU OBATA RECEIVES AWARD FOR RETAIL
CENTER IN SPAIN
Kiku Obata & Company received a SADI (Superior Achievement in Design and Imaging) Award for the design of the Retail Center at Madrid Xanadu in Madrid, Spain. The project won the SADI Award in the new enclosed center (400,000 to 1 million square feet) category. The award was presented May 23 during the International Council of Shopping Center’s annual convention in Las Vegas. The awards recognize the best design work that the retail industry has to offer.
LACLEDE RECEIVES CORPORATE EXCELLENCE AWARD
 Doug Yaeger, CEO of Laclede Gas and chairman of the RCGA, speaking at the NFFN conference. |
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The National Fuel Fund Network (NFFN) has awarded Laclede Gas Company a Corporate Excellence Award for 2004. The award recognizes a company that has provided longstanding support to low-income residents in its service area. Laclede Gas supports the non-profit organization Dollar-Help, a program that has provided energy assistance in Eastern Missouri for more than 20 years.
CENTOCOR CUTS RIBBON ON NEW FACILITY
| (Left to right) Missouri Department of Economic Development Director Kelvin Simmons, Centocor Biologics General Manager Jim Miller, St. Louis County Economic Council President and CEO Denny Coleman, and RCGA President and CEO Dick Fleming cut the ribbon on Centocor’s new campus June 16 in Berkeley. |
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Officials from the State of Missouri,
St. Louis County, the City of Berkeley and the RCGA cut the ribbon on June 16 for the new Centocor Biologics campus in Berkeley. Centocor, which also celebrated its 25th anniversary at the event, formally closed on its acquisition of the St. Louis manufacturing facility from Wyeth BioPharma in April.
This acquisition retains some 300 prized advanced manufacturing biotech jobs in St. Louis—with an additional 200 to 300 possible —and marks the entry into the St. Louis BioBelt by Johnson & Johnson, Centocor’s parent company. RCGA Chief Economist Bryan Bezold projects Centocor’s 300 jobs’ annual economic impact to the region will be $53 million. A modest increase in jobs to 450 would raise the impact to $80 million per year, and growing the plant to its full capacity of 600 employees would have an annual impact of $107 million for the region.
MCGRATH & ASSOCIATES
FINISHES RENOVATION OF
E.R. AT SLU
| SLU’s new E.R. has a more open layout. |
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General contractor McGrath & Associates has completed the $950,000 renovation of the Saint Louis University Hospital emergency department. The department now has five new patient treatment rooms created from existing office space, and a more open layout that allows doctors and nurses to see from one area to another. The renovation team upgraded work rooms with new surgical equipment and work surfaces. Architectural firm Ross and Baruzzini designed the project.
SAVE-A-LOT EXPANDS TO
DALLAS
St.Louis-based Save-A-Lot has acquired leasehold interests in 17 former Grocery Outlet sites primarily located in the Dallas area and surrounding markets. The food store chain currently operates 1,225 stores across 37 states, with 30 licensed locations in Texas.
SHAREHOLDERS APPROVE MERGER OF POLSINELLI WITH SUELTHAUS
Shareholders of Polsinelli Shalton Welte Suelthaus have approved the merger of Polsinelli Shalton & Welte with Suelthaus. The merger creates a 200-attorney practice that reaches across Missouri and into Illinois and Kansas, with 75 attorneys in the greater
St. Louis area. The merged firm will maintain offices in downtown St. Louis and Clayton.
COLLIERS EXPANDING BY 400
Commercial real estate firm Colliers Turley Martin Tucker is recruiting 400 employees to help the company manage and maintain its growing business. The company will fill the openings by recruiting college graduates and by offering opportunities to experienced professionals within and outside the real estate industry. Currently, the company plans to hire 200 employees for positions at its headquarters in St. Louis and another 200 employees for staff positions in Cincinnati, Dayton, Indianapolis, Kansas City, Minneapolis, Nashville and Chicago.
PARIC CHOSEN FOR NEXT PHASE OF ST. CHARLES
COMMUNITY COLLEGE
The St. Charles Community College board of trustees has selected Paric Corp. to serve as construction manager for the expansion of the college on Mid Rivers Mall Drive in Cottleville.
Voters approved a $23 million bond issue to build classrooms, labs, a bookstore and café, as well as offices on the northwest side of the current nine-building campus. Site work is scheduled to begin in August, and groundbreaking for the buildings is expected to occur in the summer of 2005. The entire construction project is expected to be finished in time for the start of the spring 2007 semester.
LOGAN CENTER REOPENS
AFTER $4 MILLION RENOVATION
| The Logan College of Chiropractic Learning Resources Center in Chesterfield has reopened following a completion of a $4 million renovation. |
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The Logan College of Chiropractic Learning Resources Center in Chesterfield has reopened following the completion of a $4 million renovation involving physical and technological upgrades. The library facility has been extensively redesigned and expanded by 2,000 square feet. Seventy-five computers have also been added to the facility. The renovation process, which began in early 2003, brought a contemporary design to the center while retaining its visually striking historical elements, including stained-glass windows and a book-match marble wall that looks like wood paneling.
| Seventy-five computers were added to the newly renovated
Logan College of Chiropractic Learning Resources Center. |
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BRINKMANN, IBT TO BUILD $25 MILLION CENTER IN O’FALLON
IBT Group, a Chicago-based real estate firm, will build a $25 million shopping center at Highway K and Fiese Road in O’Fallon, Mo. The 156,000-square-foot center, called O’Fallon Walk, will be home to 12 to 14 retailers, including Gordman’s, Linens ‘N Things and Factory Card Outlet. The first stores are scheduled to open in spring 2005. St. Louis-based Brinkmann Constructors is constructing the center, and Associated Bank is financing the project.
| St. Louis Mayor Francis Slay holds the new Missouri license plate, featuring the Gateway Arch. Proceeds from the plates will go to the Arch Fund, which supports educational programs at the Jefferson National Expansion Memorial. |
| Diver Steven Segerlin, of Webster, N.Y., touches his chin to his knees as he performs from the 10-meter platform during the men’s semi-finals of the 2004 U.S. Olympics Team Trials at the St. Peters Rec-Plex. |
| U.S. Treasury Secretary John W. Snow during a recent roundtable discussion on employment at the NIDUS Center, a non-profit plant and sciences center in Creve Coeur. |
ST. LOUIS ARGENT INDEX
A MONTHLY SNAPSHOT OF LOCAL STOCKS
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June Change |
YTD Change |
12-Month Change |
Close |
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| Argent Index |
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2.80% |
3.70% |
17.30% |
946.20 |
| Arch Coal |
ACI |
12.21% |
17.07% |
58.48% |
$36.49 |
| Ameren |
AEE |
0.30% |
-4.78% |
-0.41% |
$43.80 |
| AG Edwards Inc. |
AGE |
-8.26% |
-3.39% |
3.07% |
$35.00 |
| Angelica Corp. |
AGL |
9.03% |
10.91% |
40.11% |
$24.40 |
| Argosy Gaming |
AGY |
1.54% |
36.71% |
71.02% |
$35.53 |
| AMR Corp. |
AMR |
-2.30% |
-11.58% |
24.01% |
$11.45 |
| Boeing Inc. |
BA |
14.77% |
21.74% |
46.32% |
$51.30 |
| Bank of America Corp. |
BAC |
1.89% |
4.44% |
8.63% |
$84.00 |
| Bunzi PLC |
BNL |
-1.18% |
8.10% |
20.68% |
$42.02 |
| Peabody Energy |
BTU |
10.41% |
33.23% |
64.31% |
$55.57 |
| Anheuser-Busch Cos. |
BUD |
1.88% |
1.97% |
7.14% |
$53.72 |
| Belden Inc. |
BWC |
18.86% |
-4.69% |
34.08% |
$20.10 |
| Brown Shoe Co. |
BWS |
0.44% |
9.41% |
40.42% |
$41.50 |
| Commerce Bancshares |
CBSH |
-1.40% |
-6.94% |
23.08% |
$45.62 |
| Charter Comm. |
CHTR |
-4.79% |
-5.97% |
5.21% |
$3.78 |
| Centene Corp. |
CNE |
10.32% |
37.45% |
55.64% |
$38.50 |
| CPI Corp. |
CPY |
-6.75% |
-26.82% |
-9.47% |
$14.79 |
| D&K Healthcare |
DKHR |
-0.50% |
-12.32% |
-21.66% |
$11.89 |
| Amdocs Ltd. |
DOX |
-4.63% |
6.41% |
-3.30% |
$23.92 |
| Engineered Support |
EASI |
9.57% |
6.63% |
44.01% |
$58.71 |
| Emerson Electric Co. |
EMR |
3.19% |
-5.17% |
18.62% |
$61.40 |
| Energizer |
ENR |
3.09% |
20.07% |
43.11% |
$45.10 |
| ESCO Technologies |
ESE |
3.66% |
16.84% |
15.05% |
$51.00 |
| Express Scripts Inc. |
ESRX |
-2.49% |
15.99% |
13.17% |
$77.05 |
| Furniture Brands Intl. |
FBN |
-7.23% |
-15.99% |
-3.20% |
$24.64 |
| Insituform Technologies |
INSU |
0.97% |
-5.15% |
-11.43% |
$15.65 |
| Jacobs Engineering |
JEC |
6.23% |
-3.73% |
14.75% |
$46.22 |
| KV Pharmaceutical |
KV/B |
-2.49% |
-3.09% |
31.83% |
$25.11 |
| Kellwood Co. |
KWD |
5.09% |
4.83% |
36.57% |
$42.98 |
| Laclede Gas Co. |
LG |
1.12% |
-4.90% |
0.93% |
$27.15 |
| May Department Co. |
MAY |
-1.90% |
-2.13% |
28.14% |
$28.45 |
| Monsanto Corp. |
MON |
5.56% |
23.28% |
64.32% |
$35.48 |
| Maverick Tube Corp. |
MVK |
15.26% |
39.69% |
32.84% |
$26.89 |
| Panera Bread Co. |
PNRA |
4.84% |
-7.34% |
-7.01% |
$36.62 |
| Pulitzer Publishing Co. |
PTZ |
0.74% |
-11.76% |
1.18% |
$47.65 |
| Ralcorp Holdings Inc. |
RAH |
3.75% |
9.47% |
33.75% |
$34.33 |
| Reinsurance Group |
RGA |
2.04% |
2.23% |
26.83% |
$39.51 |
| RehabCare Corp. |
RHB |
8.13% |
22.06% |
77.46% |
$25.95 |
| SBC Communications |
SBC |
-1.04% |
-8.71% |
-7.79% |
$23.80 |
| Spartech Corp. |
SEH |
13.05% |
4.10% |
16.02% |
$25.65 |
| Stifel Financial Corp. |
SF |
8.47% |
39.23% |
121.49% |
$27.15 |
| Sigma-Aldrich Corp. |
SIAL |
2.79% |
2.54% |
7.12% |
$58.63 |
| Source Interlink Cos. |
SORC |
7.25% |
3.01% |
48.33% |
$10.94 |
| Smurfit-Stone Corp. |
SSCC |
9.78% |
7.00% |
44.84% |
$19.87 |
| TALX Corp. |
TALXE |
5.19% |
5.51% |
11.78% |
$24.30 |
| US Bancorp |
USB |
0.32% |
-6.68% |
16.39% |
$27.79 |
| MEMC Electronics |
WFR |
11.23% |
3.95% |
2.79% |
$10.00 |
| Young Innovation Inc. |
YDNT |
-20.57% |
-25.78% |
-1.96% |
$26.72 |
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