Real Estate and Development
Apartment rents in Kansas City have slowed down in their increases year over year, but not as much as in other parts of the country. Rent growth was at 3.3 percent year over year in the metro, down from the…
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Owen Buckley, Managing Partner, LANE4 Property Group, which specializes in commercial real-estate within the retail sector. Q. A number of encouraging metrics indicate economic activity is picking up on multiple fronts, even if slowly. Will it come in time to…
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Nearly three weeks after reopening its stores in Omaha and Dallas, Nebraska Furniture Mart did the same for its Kansas City-area location over the Memorial Day weekend. If the pent-up demand for home furnishings is an indication, the retail sector…
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L Brands, the parent company of Victoria's Secret, said it will close 250 of those stores due to them being shut for months due to COVID-19 and the resulting revenue loss. Meanwhile, the company is also closing Bath & Body…
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Retailer Target Corp. saw sales rise 10.8 percent year over year during the first quarter as shoppers flocked its stores and website at the start of the COVID-19 outbreak. Digital sales skyrocketed 141 percent year over year, while store sales…
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Mortgage applications rose six percent last week from the previous week, according to the Mortgage Bankers Association, possibly pointing to a home-buying recovery. Meanwhile, purchase volume dropped 1.5 percent year over year, a major recovery from six weeks ago, when…
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In another blow to the retail real estate industry, retailer JCPenney plans to pare back its store count by 30 percent, or 240 stores. It will leave it with about 600 total stores. The company, which operates seven stores and…
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April's unemployment rate hit a dismal 14.7 percent, and the construction industry was no different. It lost 975,000 jobs over the month, in an industry that was having trouble finding workers before COVID-19 hit. Though other industries faced a tougher…
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Though the number of homes being built are lat their lowest levels since 2015, home builders are confident about the future, according to a National Association of Home Builders report. Total housing starts dropped 30.2 percent in April to a…
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Mike Boehm is the major of the City of Lenexa, which has seen major construction growth over the the last few years. Q. Have you seen any delay in the construction of City Center as a result of COVID-19? A.…
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