ST. LOUIS—MLK Real Estate Capital recently arranged $19.7 million in bridge financing for Hudson Holdings on its acquisition of the Railway Exchange Building, a 21 floor, 1.2 million square foot vacant office building in the heart of downtown St. Louis. The Delray Beach, FL-based developer specializes in transforming historic structures, and its vision for the Railway Exchange, built in 1914, includes luxury residences, office space and some new retail. The lower levels were once home to the Famous-Barr department store, an iconic name in St. Louis retail, later purchased by Macy's, which shut down its store in 2013.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
