by Michael R. Allen
Although known Paul McKee companies stopped purchasing property in December, two new holding companies have been making purchases in the same part of north St. Louis where McKee is active.
Larmer LC has filed at least 22 sales deeds since January 10, and Union Martin LLC has filed five. Many of these sales represent bundles of properties for substantial amounts. In all, Larmer has reported over $2.5 million in sales this year while Union Martin has reported sales totalling around $924,000.
Larmer and Union Martin were both registered by third-party registrar CT Corporation System, but deeds reveal that Daniel D. Baier is manager of both companies. As we previously reported, Larmer’s tax bills go to a 2845 Keokuk Avenue, a building owned by F & B Properties LLC. F & B Properties’ organizers are Baier and former Crestwood Mayor Thomas E. Fagan. Union Martin’s tax bills go to the same address, although deeds list its address as 10658 Carroll Wood Way in St. Louis County.
Both companies were incorporated soon before the spending sprees began: Larmer on December 3, 2007 and Union Martin on December 15. Each company has its own accompanying shell lender. Larmer’s loans come from Hamill Company LC, incorporated on November 27, 2007, while Union Martin’s loans are from Stapleton Management LLC, incorporated on November 28, 2007.