Real Estate and Development

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

Major Retailers Call for Uniform Reopening Plans

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… more

March New-Home Sales Drop 15.4%

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… more

Shawnee Industrial Park Gets $50M Bond Approval

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… more

EPR Properties Sees Rent-Payment Dive

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… more