Real Estate and Development

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

Home-Price Downturn Expected

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… more

Q&A With … Ray Kowalik, Burns & McDonnell

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… more

Missouri Getting $24M for Housing Relief

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… more

Mortgage Applications Continue Decline

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.… more

Medical Office COVID-19 Impact Considered ‘Manageable’

Though COVID-19 will inflict some pain on the medical-office sector of commercial real estate, as it is for other industries, this building type is expected to bounce back relatively quickly, according to a Marcus & Millichap report. Last year, there… more

Contractor Confidence Hits Record Low

Expectations for sales, profit margins and staffing levels expectations fell below the threshold of 50 for the first time in the history of the  Associated Builders and Contractors (ABC) Construction Confidence Index. Sales expectations, due to COVID-19, decreased from 68.3… more

Hotel Industry Asks Congress For Aid

The hotel industry, which has been plagued by the impact of COVID-19 and seen its occupancy plunge due to a severe downturn in travel and business meetings, is asking Congress for help. In a letter to Congress, the American Hotel… more

Missouri March Home Sales Plunge

Missouri home sales plunged 19.4 percent year over year in March, with just over 6,200 homes sold throughout the state, according to Missouri Realtors. However, the average sales price increased from $192,329 to $205,035, a 6,8-percent jump, though the total… more