Real Estate and Development
Hyatt Hotels, which has locations in Johnson County, Kan., and by KCI airport, is laying off 1,300 workers company wide, due to a steep drop in travel caused by COVID-19. During its first quarter, Hyatt lost $103 million due to…
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AMC Theatres, which has been closed and reportedly facing bankruptcy during the COVID-19 pandemic, might look like a good bet for one of the world's biggest companies. A report came out recently that Amazon is looking to acquire the Overland…
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J. C. Penney, which operates seven stores and a distribution center in the Kansas City area, could file bankruptcy this week and close about a quarter of its 850 stores. A report by Reuters said that company, which has closed…
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Sealy & Company, a Dallas-based commercial real estate firm, has purchased nine industrial buildings in Kansas City totaling just under 560,000 square feet. One of them is in Executive Park, in the industrial area of the Northeast neighborhood and is…
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Though no action was taken on the measure yesterday by a city council committee, funding for a hotel in the former Federal Reserve Bank of Kansas City, at 925 Grand Blvd. The current proposal, known as Grand Reserve, by developer…
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New-home listings in the Kansas City area fell 45.2 percent year over year in April, and the active-listing market fell 23.4 percent, according to Realtor.com data. The new-home listing drop was slightly higher than the national average, which came in…
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Though the economy is facing several challenges in the faced of the COVID-19 pandemic, home prices might not fall as much as people might expect. Zillow is forecasting a decline in home prices by no more than 1.7 percent year…
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Ray Kowalik is chairman and CEO of Burns & McDonnell, the largest engineering firm by revenues in the Kansas City region, and second-largest by employee totals. Q. Your firm-wide revenue growth has been up sharply for most of the past…
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Missouri Gov. Mike Parson announced that the state is receiving $24 million in federal funding, much of which will go toward mortgage and rent-payment relief for residents. The money would be distributed through the state's Community Development Block Grant program…
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Week-over-week mortgage applications declined 3.3 percent week-over-week, according to the Mortgage Bankers Association. Meanwhile, refinancing declined seven percent from the prior week, according to the trade group. But despite that, purchases increased 12 percent from the prior week, MBA says.…
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