Real Estate and Development

Multifamily Leasing Goes Virtual

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… more

Malls Reopening This Week

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… more

New KC Home Listings Up, But Still a Major Drop

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… more

KCMO Restaurant Reopening Guidance Is Here

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… more

Hyatt Laying Off 1,300 Employees

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… more

Amazon Looking at AMC Buy?

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… more

J. C. Penney Close to Bankruptcy Filing

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… more

Sealy Buys Nine-Building KC Industrial Portfolio

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… more

City Revisiting Plans for Hotel in Former KC Fed Bank Building

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… more

Home Listings See Further Decline in April

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… more