Construction
Median home prices rose in the United States in March by 7.7 percent year over year, but for-sales listing plunged from a year ago, according to Redfin. Listings were especially lower year over year in the Kansas City area, which…
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The Kansas Board of Regents has approved the demolition and replacement of Cessna Stadium, where the Wichita State Shockers host track and field events, and replacing it with another facility. The former football stadium is three-quarters of a century old,…
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The city council of Kansas City recently gave final approval Waddell & Reed's headquarters move from Overland Park to Downtown Kansas City. In January, wealth-management firm signed a lease to go into a new 18-story 260,000-square-foot building at 1400 Baltimore…
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The city council in Kansas City has approved $72.8 million to pay for the replacement of the Buck O'Neil Bridge, which connects Downtown to north of the Missouri River. It is being paid for by a mix of bond issues…
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Before COVID-19 hit, the commercial real estate lending market was sure on a strong run. A record $600.6 billion of commercial real estate and multifamily loans in 2019, according to the Mortgage Bankers Association's (MBA) 2019 Commercial Real Estate/Multifamily Finance…
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Q: What has impressed you most about the leadership you’ve seen from various companies in Kansas City in responding to the current health crisis and its economic impact? A. I’m impressed but not surprised with how Kansas City has come…
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March new-housing starts fell 23.1 percent from the prior month, according the the U.S. Census Bureau, hitting just over 1.2 million. However, that number was a 1.4 increase from March 2019. Meanwhile, housing completions also dropped, falling 6.1 percent month…
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Airports are getting stimulus money through the federal government via CARES Act grants, and the Kansas City International Airport will be one of the recipients . KCI will receive just under $43.3 million in stimulus. Airports across the country will…
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The industrial commercial real estate sector was still on track during the first quarter, according to a recent CBRE report. Vacancy rates were at 4.6 percent, the same as they were during the previous quarter, says the commercial real estate…
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Michael Sonnenberg is a commercial real estate realtor at NAI Heartland, in Overland Park, where he is primarily focused currently on office and medical office properties. Q: How does the COVID-19 situation compare to the Great Recession and the challenges…
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