Real Estate and Development
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…
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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…
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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…
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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…
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Two of the biggest retail trade organizations are calling on governors to have a "mutually agreed upon blueprint" for reopening stores. The National Retail Federation and the Retail Industry Leaders Association are asking for states to follow CDC guidelines and…
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New-home sales in March fell 15.4 percent from February and were down 9.5 percent from the same year-ago period, according to the U.S. Census Bureau. There were 627,000 new homes sold last month, 333,000 new houses for sale, and the…
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The City of Shawnee recently approved a $50-million bond issuance for the construction of Heartland Industrial Park, which is set to be underway this year. The 186-acre development, to eventually total two million square feet would reportedly bring 1,500 jobs…
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Kansas City-based EPR Properties, which operates experiential real estate properties in 44 states, such as entertainment centers with cinemas, has only received 15 percent of rent payments from tenants so far in April. As result, EPR is deferring rent payments…
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Though 30-year fixed-rate mortgages are at an all-time low, purchases hit their lowest levels since 2015, a 31-percent decrease from the same year-ago period. The Mortgage Bankers Association also reported that, for the week ended April 17, mortgage applications decreased…
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Macy's, the country's largest department-store chain, with five locations in the Kansas City area, might reportedly consider taking on up to $5 billion in debt instead of filing for bankruptcy. Inventory would be used as collateral to raise $3 billion…
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