Real Estate and Development
Retailers are increasingly being sued due to missed rent payments that stem from their closures during the COVID-19 pandemic. The latest high-profile case is against apparel chain Gap Inc. by Simon Property Group, the country's largest mall owner. For its…
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COVID-19 has taken its toll on hotels around the metro area, and now one of the largest in Johnson County, Kan., is having layoffs. The Sheraton Overland Park is laying off, or furloughing, 151 employees as a result of the…
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Leawood-based AMC Theatres, which has had its screens closed for several months due to the COVID-19 pandemic, is facing a $2.4-billion loss as a result. There is is also reportedly a "going concern" that the company can remain in business,…
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John Sweeney is a brokerage executive with Reece Commercial in Kansas City. Q. What’s your sense of how bankruptcies by major retailers will affect the market here? A. It will affect landlords and employment most of all. There remain plenty…
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Dick's Sporting Goods, which has seven locations in the metro area, saw same-store sales drop in its first quarter by nearly 30 percent. Management said that the same-store-sales drop of 29.5 percent was driven primarily by the spread of COVID-19.…
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The Kansas City area saw a major spike in home-sales transactions month over month, according to Zillow. Newly-pending sales were up 32.3 percent, while they rose 9.6 percent week over week. Those numbers are above the national average of 4.2…
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Malls around the country have been struggling for a while, due to challenges from e-commerce and competition from mass-merchandise chains. Meanwhile, several around the metro area, including Oak Park Mall, in Overland Park, and the Legends Outlets, in Kansas City,…
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Two primary new rules have been issued by OSHA for those in the construction industry dealing with COVID-19. The agency said that construction firms must record symptoms of employees, as defined by CDC rules, so that contract tracing can be…
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For the fourth night in a row there were protests around the Country Club Plaza over the death of George Floyd in Minneapolis at the hands of the police last week. And for another night, police declared the protests an…
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Costco Wholesale Corp. saw net sales rise by 7.3 percent, to just under $36.5 billion, while same-store sales in the United States rose 5.9 percent. However, net income did drop year over year, to $838 million from $906 million. Costco…
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