Real Estate and Development
The rate of a 30-year fixed mortgage just fell to 3.09 percent, due to a combination of factors happening in the economy, such as a steep decline in retail sales and other problems with the economy. Meanwhile, as of May…
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Retailer J. C. Penney, which filed for bankruptcy on Friday, is creating a real estate investment trust to spin off its real estate assets to pay off debt. "By entering this restructuring support agreement with our lenders, we expect to…
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Loews Kansas City Hotel will now open on June 1, following original plans to open last month, due to concerns about COVID-19. “While our opening plans look a bit different than we had originally anticipated, there is no better time…
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Fannie Mae and Freddie Mac are offering new deferral options for mortgage payments. The deferral option starts on July 1, reports the American Bankers Association. Borrowers will reportedly have a variety of mortgage-payment options, says the American Bankers Association. Read…
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During the first quarter, investment activity in commercial real estate decreased by 2.6 percent, though that slide is expected to decrease. Capitalization rates have dropped 47 basis points year over year, and multifamily and office transactions accounted for more than…
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A price index for commercial real estate fell by 9.4 percent in April and is down by 10.4 percent below its peak from last year. Investment and research firm Green Street Advisors said that retail and hotel assets are doing…
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Since there are social-distancing rules in several states and municipalities, signing a lease for an apartment can't be done in person. But people still have to move from one location to another. To combat that, some multifamily landlords have adopted…
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Oak Park Mall, Independence Center, and other area malls are reopening this week, as stay-at-home orders are relaxed in several area municipalities. Oak Park, in Overland Park, is opening tomorrow, with 11 a.m. to 7 p.m. hours, while Independence Center…
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New home-listing sales pending are up week over week by 4.5 percent in the Kansas City metro area, according to Zillow, which might show a slight rebound in the housing market. But it's not a major correction in the downturn…
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Kansas City, Mo., has released its long-awaited guidelines for reopening restaurants in the city. Starting on May 15, establishments will be able to open for in-dining businesses as long as they follow a specific set of rules put forward by…
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