Real Estate and Development

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

Legends Outlets to potentially see multifamily development

People could live at the Legends Outlets if officials approve a new eight-story multifamily development there.  The building would be built on top of a new parking garage along Parallel Parkway, according to The Kansas City Star. The project won initial approval… more

Former Sprint campus takes new name, Aspiria

Wichita-based commercial real estate developer Occidental Management Inc. will rename the 200-acre campus Aspiria, effective Jan. 1. "(Aspiria) is a place where businesses aspire to be, and people are inspired to grow," Occidental CEO Gary Oborny said. Occidental acquired the… more

Homeowners in mortgage bailout programs rise

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Housing demand expected to continue, remain high

Record-setting high demand for housing isn’t expected to let up any time soon. A leftover effect from the Great Recession, many Millennials that lost out at the chance to become homeowners are anticipated to join Gen Z’s in the search… more

New homes sales fall in October, raise year-over-year

October new home sales totaled 999,000 (SAAR), down 0.3% from upwardly revised September numbers but up 41.5% from October 2019, according to the U.S. Census Bureau. The median sales price of new houses sold in October 2020 was $330,600, up… more