DOCSLIB.ORG

In Re: STEIN MART, INC.1 STEIN MART BUYING CORP. STEIN

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
In Re: STEIN MART, INC.1 STEIN MART BUYING CORP. STEIN Case 3:20-bk-02387-JAF Doc 849 Filed 01/15/21 Page 1 of 109 THE INFORMATION IN THIS DISCLOSURE STATEMENT IS SUBJECT TO CHANGE. THIS DISCLOSURE STATEMENT IS NOT AN OFFER TO SELL ANY SECURITIES AND IS NOT SOLICITING AN OFFER TO BUY ANY SECURITIES. UNITED STATES BANKRUPTCY COURT MIDDLE DISTRICT OF FLORIDA JACKSONVILLE DIVISION In re: Chapter 11 STEIN MART, INC.1 Case No. 3:20-bk-2387 STEIN MART BUYING CORP. Jointly Administered with STEIN MART HOLDING CORP., Case No. 3:20-bk-2388 Case No. 3:20-bk-2389 Debtors. DISCLOSURE STATEMENT FOR THE DEBTORS’ COMBINED PLAN OF LIQUIDATION January 15, 2021 Respectfully submitted, FOLEY & LARDNER LLP FOLEY & LARDNER LLP Gardner F. Davis (FL 0471712) Mark J. Wolfson (FL 0352756) Telephone: 904.359.8726 100 N Tampa St Suite 2700 Email: [email protected] Tampa, FL 33602 Neda A. Sharifi (FL 112172) Telephone: 813.225.4119 Telephone: 904.359.8719 Email: [email protected] Email: [email protected] Richard E. Guyer (FL 1004150) and Telephone: 904.633.8902 Email: [email protected] FOLEY & LARDNER LLP One Independent Drive, Suite 1300 Marcus Helt (TX 24052187) Jacksonville, FL 32202-5017 2021 McKinney Avenue, Suite 1600 Dallas, TX 75201 Telephone: 214.999.4526 Email: [email protected] Admitted pro hac vice Counsel for Debtors and Debtors in Possession 1 The tax identification numbers of the Debtors are as follows: Stein Mart, Inc. 6198; Stein Mart Buying Corp. 1114; and Stein Mart Holding Corp. 0492. The address of the historical principal offices of the Debtors is: 1200 Riverplace Blvd., Jacksonville, FL 32207. The address of Debtors’ office for wind-down activities, effective December 1, 2020, is 8936 Western Way, Building 6, Ste. 9, Jacksonville, FL 32256. i 4836-5326-4592.13 Case 3:20-bk-02387-JAF Doc 849 Filed 01/15/21 Page 2 of 109 TABLE OF CONTENTS I. INTRODUCTION ......................................................................................................................................... 6 II. THE DEBTORS’ HISTORY, BUSINESS OVERVIEW AND MATERIAL DEVELOPMENTS DURING CHAPTER 11 ............................................................................................. 6 III. OVERVIEW OF THE PLAN....................................................................................................................... 9 IV. QUESTIONS AND ANSWERS REGARDING THIS DISCLOSURE STATEMENT AND THE PLAN .................................................................................................................................................. 11 A. What is chapter 11? ......................................................................................................................................... 11 B. Why are the Debtors sending me this Disclosure Statement? ......................................................................... 11 C. Am I entitled to vote on the Plan? ................................................................................................................... 11 D. What will I receive from the Debtors if the Plan is consummated? ................................................................. 12 E. How are Administrative Claims treated under the Plan? ................................................................................. 15 F. How are Other Priority Claims treated under the Plan? .................................................................................. 15 G. What happens to my recovery if the Plan is not confirmed or does not go effective? ..................................... 15 H. If the Plan provides that I get a distribution, when do I receive the money, and what is meant by “Confirmation,” “Effective Date,” and “Consummation?” ............................................................................. 16 I. What are the sources of Cash and other consideration required to fund the Plan? .......................................... 16 J. Is there potential litigation related to Confirmation of the Plan? ..................................................................... 16 K. Will the final amount of Allowed Unsecured Claims affect the recovery of Holders of Allowed Unsecured Claims under the Plan? .................................................................................................................. 17 L. Will there be releases and exculpation granted to parties in interest as part of the Plan? ................................ 17 M. What is the deadline to vote on the Plan? ........................................................................................................ 18 N. How do I vote for or against the Plan? ............................................................................................................ 18 O. What are the consequences of filing a late proof of claim? ............................................................................. 19 P. Why is the Bankruptcy Court holding a Confirmation Hearing? .................................................................... 19 Q. When is the Confirmation Hearing set to occur? ............................................................................................. 19 R. What is the purpose of the Confirmation Hearing? ......................................................................................... 19 S. Who do I contact if I have additional questions with respect to this Disclosure Statement or the Plan? ................................................................................................................................................................ 19 T. Do the Debtors recommend voting in favor of the Plan? ................................................................................ 20 U. Does the Committee recommend voting in favor of the Plan? ........................................................................ 20 V. THE DEBTORS’ PLAN ............................................................................................................................. 20 A. The Plan .......................................................................................................................................................... 20 B. Securities and Exchange Commission Considerations .................................................................................... 39 VI. RISK FACTORS ......................................................................................................................................... 40 A. Bankruptcy Law Considerations ..................................................................................................................... 40 VII. SOLICITATION AND VOTING PROCEDURES .................................................................................. 43 A. Holders of Claims Entitled to Vote on the Plan .............................................................................................. 43 B. Voting Record Date ......................................................................................................................................... 44 C. Voting on the Plan ........................................................................................................................................... 44 D. Ballots Not Counted ........................................................................................................................................ 45 VIII. CONFIRMATION OF THE PLAN ........................................................................................................... 45 A. Requirements for Confirmation of the Plan..................................................................................................... 45 B. Best Interests of Creditors ............................................................................................................................... 45 C. Feasibility ........................................................................................................................................................ 46 D. Acceptance by Impaired Classes ..................................................................................................................... 46 ii 4836-5326-4592.13 Case 3:20-bk-02387-JAF Doc 849 Filed 01/15/21 Page 3 of 109 E. Confirmation without Acceptance by All Impaired Classes ............................................................................ 47 IX. RECOMMENDATION .............................................................................................................................. 48 EXHIBITS EXHIBIT A Chapter 11 Plan iii 4836-5326-4592.13 Case 3:20-bk-02387-JAF Doc 849 Filed 01/15/21 Page 4 of 109 IMPORTANT INFORMATION ABOUT THIS DISCLOSURE STATEMENT2 THE DEADLINE TO VOTE ON THE PLAN IS [_______], 2021 at 5:00 p.m. (prevailing Eastern Time) THE DEADLINE TO OBJECT TO THE PLAN IS [_______], 2021 at 5:00 p.m. (prevailing Eastern Time) FOR YOUR VOTE TO BE COUNTED, YOUR BALLOT MUST BE ACTUALLY RECEIVED BY STRETTO ON OR BEFORE THE VOTING DEADLINE AS DESCRIBED HEREIN. THE DEBTORS ARE PROVIDING THE INFORMATION IN THIS DISCLOSURE STATEMENT TO HOLDERS OF CLAIMS FOR PURPOSES OF SOLICITING VOTES TO ACCEPT OR REJECT THE DEBTORS’ COMBINED PLAN OF LIQUIDATION. NOTHING IN THIS DISCLOSURE STATEMENT MAY BE RELIED UPON OR USED BY ANY ENTITY FOR ANY OTHER PURPOSE. BEFORE DECIDING WHETHER TO VOTE FOR OR AGAINST THE PLAN, EACH HOLDER ENTITLED TO VOTE SHOULD CAREFULLY CONSIDER ALL OF THE INFORMATION IN THIS DISCLOSURE STATEMENT, INCLUDING THE RISK FACTORS DESCRIBED IN ARTICLE VI HEREIN. IN THE EVENT OF ANY INCONSISTENCY BETWEEN THE DISCLOSURE STATEMENT AND THE PLAN,
Load more

Recommended publications
  • 2,000-Acre Commerce Center Near JIA Planned
    Mathis Report: LionShare FREE Cowork to Harbour Village November 19-25, 2020 PAGE 4 jaxdailyrecord.com JACKSONVILLE Record & Observer 2,000-acre THE STEIN MART BANKRUPTCY JACKSONVILLE commerce center near Record & ObservJIA planneder The JAA wants to rezone HOW IT ALL ENDED the property to include JACKSONVILLE hotel, commercial, flex industrial and specialty entertainment uses. Record & ObservBY KATIE GARWOODer STAFF WRITER The Jacksonville Aviation Authority is seeking City Coun- cil approval to rezone more than JACKSONVILLE 2,000 acres near Jacksonville International Airport for a two- phase, mixed-use development called JAX Commerce Center. The property is at northwest ReCEO D. Huntco Hawkinsrd shares & ObservInterstate 95er and I-295. One area of the development, called JAX Commerce Center insight into the fall of the North on the master plan, is at Pecan Park Road and Interna- tional Airport Boulevard. The Jacksonville-based retailer. other area, JAX Commerce Center South, is south of it, along Inter- national Airport Boulevard north of I-295. JAA wants to rezone the 2,014 acres for a planned unit develop- ment to include commercial, flex industrial, hotel and specialty entertainment. The goal would be to eventually lease the land to developers, who could only build in accordance with the zoning. Photo by Karen Brune Mathis Those developments would Stein Mart CEO D. Hunt Hawkins shows what’s left in the office lobby at the bankrupt company’s headquarters on the Downtown Southbank at 1200 need to be compatible with the Riverplace Blvd. “That was a difficult day, getting my personal belongings out of here,” he said.
    [Show full text]
  • City Hears Plan to Build Some New Dunes
    WEEKEND Artrageous Productions at Traditional EVENTS Artwalk ACT, AMP Folk(s) PAGE 1B PAGE 2B PAGE 2B $1.00 FRIDAY, AUGUST 9, 2019 / 16 PAGES, 2 SECTIONS • fbnewsleader.com City hears plan to build some new dunes JULIA ROBERTS a preliminary one that has to go to the Corps’ News-Leader regional office and then to the federal level, but the first step is gaining approval from the city of The U.S. Army Corps of Engineers wants Fernandina Beach. to construct some new dunes in Fernandina “We will be doing some planting, some dune Beach to help protect beach property from the fencing, maybe some walkovers, but it’s not storm surge and flooding that accompanies going to be a massive construction project at major storms. The results of a new USACE this time,” Keiser added, noting that approval study, along with a dune management plan, would modify the initial authorization for a Corps were presented to the Fernandina Beach City of Engineers project made “back in the ’70s.” Commission Tuesday. If the plan is implement- “We didn’t know as much about the science,” ed, the initial costs would be covered 100% by Keiser said. “What we have now is a beautiful, the federal government. The Corps does not flat berm that we’ve built out so far. You have yet have a final price tag for the project, but the beautiful dunes in Nassau County right now, but initial estimate in the study is around $750,000. if they were to get taken out by a major storm, Maintenance costs would fall on the local gov- we would not be able to help you get them back.” ernment.
    [Show full text]
  • Can Company 013230
    PLEASE CONFIRM CSIP ELIGIBILITY ON THE DEALER SITE WITH THE "CSIP ELIGIBILITY COMPANIES" CAN COMPANY 013230 . Muller Inc 022147 110 Sand Campany 014916 1994 Steel Factory Corporation 005004 3 M Company 022447 3d Company Inc. 020170 4 Fun Limousine 021504 412 Motoring Llc 021417 4l Equipment Leasing Llc 022310 5 Star Auto Contruction Inc/Certified Collision Center 019764 5 Star Refrigeration & Ac, Inc. 021821 79411 Usa Inc. 022480 7-Eleven Inc. 024086 7g Distributing Llc 019408 908 Equipment (Dtf) 024335 A & B Business Equipment 022190 A & E Mechanical Inc. 010468 A & E Stores, Inc 018519 A & R Food Service 018553 A & Z Pharmaceutical Llc 005010 A A A - Corp. Only 022494 A A Electric Inc. 022751 A Action Plumbing Inc. 009218 A B C Contracting Co Inc 015111 A B C Parts Intl Inc. 018881 A Blair Enterprises Inc 019044 A Calarusso & Son Inc 020079 A Confidential Transportation, Inc. 022525 A D S Environmental Inc. 005049 A E P Industries 022983 A Folino Contruction Inc. 005054 A G F A Corporation 013841 A J Perri Inc 010814 A La Mode Inc 024394 A Life Style Services Inc. 023059 A Limousine Service Inc. 020129 A M Castle & Company 007372 A O N Corporation 007741 A O Smith Water Products 019513 A One Exterminators Inc 015788 A P S Security Inc 005207 A T & T Corp 022926 A Taste Of Excellence 015051 A Tech Concrete Co. 021962 A Total Plumbing Llc 012763 A V R Realty Company 023788 A Wainer Llc 016424 A&A Company/Shore Point 017173 A&A Limousines Inc 020687 A&A Maintenance Enterprise Inc 023422 A&H Nyc Limo / A&H American Limo 018432 A&M Supernova Pc 019403 A&M Transport ( Dtf) 016689 A.
    [Show full text]
  • CITY of MISSION VIEJO 2021-23 Proposed Budget Table of Contents
    City of Mission Viejo 2021-23 PROPOSED BUDGET CITY COUNCIL Trish Kelley, Mayor Wendy Bucknum, Mayor Pro Tem Brian Goodell, Council Member Greg Raths, Council Member Ed Sachs, Council Member CITY MANAGER Dennis R. Wilberg ASSISTANT CITY MANAGER W. Keith Rattay DIRECTOR OF ADMINISTRATIVE SERVICES Cheryl Dyas 1 (This page intentionally left blank) 2 CITY OF MISSION VIEJO 2021-23 Proposed Budget Table of Contents Budget Message ....................................................................................................................................................... 5 INTRODUCTION Budget Readers’ Guide .......................................................................................................................................... 11 Fund Structure ........................................................................................................................................................ 13 Descriptions of Individual Funds ............................................................................................................................. 15 Quick Guides to the Budget .................................................................................................................................... 20 Capital Improvement Descriptions .......................................................................................................................... 23 Master Financial Plan Overview ............................................................................................................................
    [Show full text]
  • Table of Contents February, Jumped to 5.5 Percent in March, Then 14.3 Damage Control
    A publication of the Greater Houston Partnership December 2020 A publication of the Greater Houston Partnership • Houston’s unemploymentVolume 26 Number rate, 12 at– December3.9 percent 2017 in Table of Contents February, jumped to 5.5 percent in March, then 14.3 Damage Control ................................................................1 percent in April. That was the highest on record. A Bipolar Year ....................................................................2 • Initial claims for unemployment benefits, barely above Drill, Build, Assemble ........................................................2 4,000 the first week of March, surged to 76,000 the first week of April. Stock It, Sell It, Ship It ........................................................6 A White-Collar World ........................................................8 • The Houston Purchasing Managers Index (PMI), a short- term leading indicator for regional economic activity, Grace Under Pressure .....................................................10 sank to 34.6, the lowest level on record. Out On the Town .............................................................11 • West Texas Intermediate (WTI), the U.S. benchmark for Texas, Harris, Houston ....................................................13 light, sweet crude, averaged $16.55 in April. It opened The Numbers ...................................................................13 the year at $61.17. • The energy industry pulled 500 rigs from the field during The Numbers ......................................................................
    [Show full text]
  • UNITED STATES SECURITIES and EXCHANGE COMMISSION Washington, DC 20549 FORM 10 - K
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10 - K (X) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2002 ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number 1-12298 REGENCY CENTERS CORPORATION (Exact name of registrant as specified in its charter) FLORIDA 59-3191743 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) identification No.) 121 West Forsyth Street, Suite 200 (904) 598-7000 Jacksonville, Florida 32202 (Registrant's telephone No.) (Address of principal executive offices) (zip code) Securities registered pursuant to Section 12(b) of the Act: Common Stock, $.01 par value (Title of Class) New York Stock Exchange (Name of exchange on which registered) Securities registered pursuant to Section 12(g) of the Act: None ---- Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months and (2) has been subject to such filing requirements for the past 90 days. YES (X) NO ( ) Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of Registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.
    [Show full text]
  • Annual Strategic Planning Meeting Agenda
    Annual Strategic Planning Meeting Agenda APRIL 29, 2021 • 2 – 4 P.M. ET WEBINAR Click here to join the meeting Audio only: 1 850-629-7293; Conference ID: 703 409 879# Welcome & Remarks Michelle Dennard President and CEO Florida’s Economy One Year Later Adrienne Johnston Director, Division of Workforce Services Dept. of Economic Opportunity Performance Indicators for Florida’s Workforce System • Statewide System Performance Review Casey Penn Chief, Bureau of One Stop and Program Support Dept. of Economic Opportunity • Insights from the Continuous Improvement Performance Initiative Dan McGrew Vice President, Strategic Policy and Performance Opportunities for Innovating Florida’s Workforce System • 2021 Workforce System Legislation Michelle Dennard • Local Workforce Development Board Recommendations Michelle Dennard Robin King President, Florida Workforce Development Association President and CEO, CareerSource Flagler Volusia 2021-2022 Workforce System Funding Andrew Collins Chief Operating and Financial Officer • Anticipated Funding Allocations • Budget Timing Process 2021-2022 Strategic Priority Setting Board of Directors Open Discussion / Public Comment Closing Remarks Michelle Dennard Workforce Innovation and Opportunity Act State Board Functions At-a-Glance The federal Workforce Innovation and Opportunity Act (WIOA) empowers state and local elected officials and business-led workforce boards with the responsibility of developing a strategic and integrated vision and plan to grow the capacity and performance of the workforce development system. State workforce development boards are encouraged through the law to take a broad and strategic view in their actions to create a comprehensive and high-quality workforce development system by working with its business, workforce, education and other partners to improve and align employment, training and education programs under WIOA.
    [Show full text]
  • Meeting the Needs of Our Aging Community 2011 River Garden Annual Report RGF324-Version EMPTY Layout 1 1/30/12 12:45 PM Page 2
    Meeting the Needs of Our Aging Community 2011 River Garden Annual Report RGF324-version_EMPTY_Layout 1 1/30/12 12:45 PM Page 2 FRONT COVER - (L to R) Mark Lodinger, President of River Garden Hebrew Home; Martin Goetz, CEO of River Garden Senior Some Words Services; Ron Elinoff, President of River Garden Senior Services LETTERS FROM OUR LEADERSHIP Ron Elinoff Mark Lodinger the vow of “Honor Thy Father and Thy Mother.” President, River Garden Senior Services President, River Garden Hebrew Home With your support, we will be here for many years to come. The anticipated Medicaid reimbursement In 2011, River Garden once again had an O u r M i s s i o n reduction of 6.5 percent occurred this past outstanding Florida Agency for Healthcare Thank you for the privilege of serving as President year. Additionally, the federal government Administration (AHCA) survey, and of River Garden Hebrew Home, and thank you for being part of the River Garden Family. TO PROVIDE: reduced Medicare reimbursement by 11 retained its 5-star rating. River Garden was A wide range of quality, cost effective eldercare percent. Regardless of the reduced funding, one of the best (if not the best) nursing services in residential, outpatient and community quality of care has not been compromised. and rehab facilities in Florida with a loving, based settings. Through the leadership of Administrative caring environment that honors our frail and Karen Backilman staff Marty Goetz, Betty Sorna, Jim Richman, elderly. This does not happen by itself. It takes President, River Garden Auxiliary TO CREATE: and our outstanding team of employees, a commitment from many.
    [Show full text]
  • Turnarounds & Workouts
    DECEMBER 2020 Turnarounds VOLUME 34, NUMBER 12 & Workouts News for People Tracking Distressed Businesses www.TurnaroundsWorkouts.com In This Issue: Year in Review Restructuring Experts Reflect on 2020 by Christopher Patalinghug Changes in the Courtroom, Commercial Chapter 11 bankruptcy filings for the first 11 months of this year Office and Industry rose 22% compared to calendar year 2019, according to data from American Bankruptcy Institute and Epiq Systems, Inc. In addition, commercial Chapter Click on a title below to 11 filings through November are already up 23% from calendar year 2018 and jump to that section 17% from three years ago. Data refined by Troubled Company Reporter editors, Research Report: to exclude contemporaneously filed cases being jointly administered, show that Who’s Who in Mallinckrodt plc Page 12 → about 1,764 of the corporate Chapter 11 cases filed through December 20, 2020, involved debtors with more than $1 million in assets. According to TCR, there Research Report: were 1,914 corporate Chapter 11 filings by debtors with more than $1 million Who’s Who in Ruby Tuesday, Inc. Continue on page 2 → Page 21 → Special Report: Sources of Debtor-in-Possession Financing Virtual-Centric Environment Page 24 → Here to Stay? Worth Reading: by Sarah Link Schultz and Rachel Biblo Block Jacob Fugger the Rich: Merchant and Banker of This year has tested the restructuring industry in unprecedented ways, and the Augsburg, 1459-1525 Page 30 → typically rigid industry has responded with unexpected but necessary elasticity that should be a guiding light for other specialties in the legal field. Courtroom Special Report: Outstanding Restructuring and restructuring professionals have embraced change while also recognizing that Lawyers – 2020 Page 31 → the goals have not changed but have perhaps become more challenging in the new virtual-centric environment.
    [Show full text]
  • 2017 Humanitarian Awards Dinner Bridging Our Differences
    2017 HUMANITARIAN AWARDS DINNER BRIDGING OUR DIFFERENCES APRIL 27, 2017 PRIME OSBORN CONVENTION CENTER 2017 HONOREES This special event honors those who have demonstrated an unwavering commitment to our community. GOLD MEDALLION FOR LIFETIME ACHIEVEMENT: David A. Stein PRESIDENT’S CITATION: Jean Ludlow SILVER MEDALLION Dr. James B. Crooks Rodney L. Hurst Sr. Faisal Sayed ACOSTA-RUA YOUNG PROFESSIONALS AWARD: Sabeen Perwaiz Syed DINNER CHAIR: Audrey Moran, Senior Vice President; Social Responsibility and Community Advocacy — Baptist Health OUR MISSION As an interfaith organization, OneJax educates, advocates and builds community to promote respect and understanding that will overcome bias, bigotry and oppression. OUR VISION Our vision is an inclusive community where difference is welcomed and celebrated. Through education, community building and advocacy initiatives, OneJax works to overcome bias, bigotry and oppression. It is the intention of OneJax to serve as an ethical center among all people to assure that everyone in Northeast Florida is treated with respect and dignity. We want to be the catalyst that will help our diverse community to be truly Different Together. We can’t do it alone — it will take all of us working together. Please join us. WHY SPONSOR THE ONEJAX HUMANITARIAN AWARDS DINNER? • You believe in the mission of OneJax, an interfaith organization that educates, advocates and builds community to promote respect and understanding to overcome bias, bigotry and oppression. • You want to live in a community that celebrates differences. • You want to live in a community that is just, equitable and sustainable. • You support OneJax programs because they are making a difference in our community.
    [Show full text]
  • January 2020 Nevada Medicaid Recipients Employed
    Nevada Medicaid Recipients Employed by Employers with 50 or More Employees January 2020 Office of Analytics Department of Health and Human Services Steve Sisolak Richard Whitley, MS Governor Director State of Nevada Department of Health and Human Services Acknowledgements Prepared, Compiled, and Edited by: Kyra Morgan, MS Chief Biostatistician Office of Analytics Department of Health of Human Services State of Nevada Shannon Litz Public Information Officer Director’s Office Department of Health of Human Services State of Nevada Sara Byers Economist I Office of Analytics Department of Health of Human Services State of Nevada Madison Lopey Public Service Intern Office of Analytics Department of Health of Human Services State of Nevada For additional information please contact: [email protected] Office of Analytics Department of Health of Human Services State of Nevada 2 | Page Table of Contents Acknowledgements ....................................................................................................................................... 2 Background ................................................................................................................................................... 4 Technical Notes ............................................................................................................................................. 4 Results ........................................................................................................................................................... 5 Top 10 Employers
    [Show full text]
  • 2021 Market Report City SUCCESS ABOUNDS in KANSAS CITY
    PRESENTED BY BLOCK REAL ESTATE SERVICES, LLC About The Cover Overland Park, Kansas, artist Jeffrey Owen Hanson (1993-2020) passed away in December, 2020, from a brain tumor associated with neurofibromatosis. To honor our friend, a great artist and philanthropist, 46 Penn Centre featured animated videos of Jeff’s artwork including Cruising the Caribbean, (pictured front with close-up on inside cover) which he generously allowed us to display on CityPlace Corporate Centre III in 2019. We look forward to showcasing more of Jeff Hanson’s work, as well as other local artists. Jeff’s studio, Jeff Hanson Art, will continue creating original paintings in Jeff’s signature style, for sale and commission, while pursuing Jeff’s goal of $10 million to charity (currently at $6.7 million). Visit JeffHansonArt.com to learn more. BLOCK REAL ESTATE SERVICES, LLC (BRES) HIGHLIGHTS OF 2020 SUCCESS ABOUNDS IN KANSAS CITY 02 TRANSACTIONS BRES completed the year with total ECONOMIC sales and leasing transactions in excess of $1.2 Billion. 12 INDICATORS GLOBAL, U.S., PROPERTY MANAGEMENT KANSAS CITY OVERVIEW 14 BRES commercial management portfolio reached over 44.02 million DOWNTOWN square feet of commercial space. 44 MARKET CONSTRUCTION OFFICE Block Construction Services MARKET 50 (BCS) managed over $337 million of development projects and INDUSTRIAL coordinated over $25 million of development projects and tenant 56 MARKET improvements under construction in 2020, including work in all RETAIL sectors, including office, industrial/ warehouse/distrbution, multifamily, MARKET 66 and retail. MULTIFMAILY 72 MARKET INVESTMENT BRES completed over $337 million INVESTMENT in investment sales and raised over $105 million in equity funds for MARKET 78 new acquisitions and development projects.
    [Show full text]