Real Estate and Development
Retail sales in the United States fell 8.7 percent in March from the prior month and were down 6.2 percent year over year, according to the U.S. Census Bureau. The plunge was due to impact from COVID-19. Clothing and accessories…
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More than half of Kansas City-area homeowners would be able to make a monthly mortgage payment and and cover their utilities with a $1,200 stimulus check, while a vast majority could make those expenditures with two checks totaling $2,400. Kansas…
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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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KC Tenants, a tenant-advocacy group, is calling on Missouri Gov. Mike Parson to institute a rent and mortgage moratorium, due to economic struggles residents are facing during the COVID-19 pandemic. The organization is calling on people to sign a petition…
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Oak River Farms, an agribusiness company reportedly backed by Microsoft co-founder Bill Gates, is moving its headquarters from Louisiana to Lenexa City Center, reported trade publication REBusiness. The report says that Oak River will take up just under 4,600 square…
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Office co-working company WeWork has some very prominent spaces in Downtown Kansas City. It has a location in the Crossroads' Corrigan Station development and recently took 101,000 square feet in what is now known as the Lightwell Building, at 1100…
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Analysts are saying that Leawood-based AMC Theatres is close to facing bankruptcy, though the company has not released a statement confirming that is the case. Last month, the company said it would close all of its 1,000 cinemas in the…
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New-home listings in the Kansas City area plunged 35.7 percent year over year as of April 5, according to Zillow. That number exceeds the national average drop of 27.1 percent. It is a strong contrast to March 1, when they…
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Kansas City has issued just under $27.79 million in improvement bonds that would make infrastructure repairs to City Hall, Liberty Memorial, street reconstruction in the City Market area and parking garages. A $9.1-million portion would also be used to fund…
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