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Real Estate and Development

Record-breaking year for residential real estate

One of many unexpected events brought on in 2020 was the impact it had on the housing market, going from steady to soaring over the course of the year. The for-sale residential real estate market emerged strong and remained that… more

Kansas City developer to sell majority of storage business in $528M deal, exit national market

For over half a billion dollars, Kansas City, Mo. developer, NorthPoint Development, is working on the second phase of a sale with California-based Public Storage. Northpoint is selling nearly all its Beyond Self Storage properties to real estate investment trust… more

U.S. Steel sells site to Kansas City based developer for $160 million

United States Steel Corp. has closed on the $160 million sale of the 1,800-acre Keystone Industrial Port Complex along the Delaware River in Bucks County. The buyer, Kansas City, Missouri-based NorthPoint Development Inc. plans to convert 10 million square feet of the… more

November homes sales drop, but remain above year prior

Despite a drop in November existing home sales, the month still showed how strong the U.S. housing market remains. Sales fell for the first time since May, transaction volume remains just below its highest levels in nearly 15 years. Low… more

Partnership opens new proctored learning facility

A partnership between Children's Mercy, the YMCA of Greater Kansas City and Block & Company, Inc. has resulted in the opening of a new proctored learning site for children of Children's Mercy employees. The facility is open to students of… more

Construction begins at Turner Logistics Center for metro manufacturer

Construction work has begun on a new warehouse for the first announced tenant to land operations within the Turner Logistics Center in Kansas City, Kan. NorthPoint Development broke ground earlier this month on a facility for Kansas City, Kan.-based Plastic… more

Rising home prices driving highest equity gains since 2014

A continued surge in home prices nationwide is contributing to some of the largest gains in home equity not seen in six years, since 2014. Price appreciation has also pulled 370,000 borrowers out of negative equity since the third quarter… more

Realtors doubtful of short sales despite recession

A brief recession seen in the U.S. economy for Q1 and Q2 nonetheless kept confidence up among realtors when it comes to potential short sales. In a national survey of over 5,000 active real estate agents by Real Estate Bees,… more

Blue River Commerce Center prepared to see work start on second industrial building

Construction of Blue River 2 is expected to soon begin by NorthPoint Development. Blue River 2 is the second of seven planned industrial buildings to be built in the Blue River Commerce Center, grounds formally known as the Bannister Federal Complex.… more

Federal funding in place for KC streetcar extension

The Federal Transit Administration (FTA) and Department of Transportation (DOT) have officially recommended that the KC Streetcar Main Street Extension to UMKC receive the full federal funding requested to build the project under the FTA’s New Starts Capital Investment Grants… more