Real Estate and Development
StorageMart, based in Columbia, Mo., added more than 310 climate-controlled storage units to its portfolio with the purchase of Go Storage in Downtown Kansas City, which totals 21,720 square feet. Recently renovated with a new elevator was installed, the facility…
more
Independent mortgage banks and mortgage subsidiaries of chartered banks saw their a major year-over-year bump in profit on each loan originated, according to the Mortgage Bakers Assication. The jump in profit rose to $1,470 on each loan from $367 the…
more
Net lease transaction volume nationally for the year's first quarter were up during the first quarter, but that was before the major pain from COVID-19 hit the commercial real estate market. Transaction growth was on pace with 2019 volumes, which…
more
Median home prices rose in the United States in March by 7.7 percent year over year, but for-sales listing plunged from a year ago, according to Redfin. Listings were especially lower year over year in the Kansas City area, which…
more
Conner Beese is a broker at Copaken Brooks who specializes in the office market. He talked about how leasing has changed in the COVID-19 era. Q: Are there deals going on right now, and if so, what kinds of tenants…
more
The city council of Kansas City recently gave final approval Waddell & Reed's headquarters move from Overland Park to Downtown Kansas City. In January, wealth-management firm signed a lease to go into a new 18-story 260,000-square-foot building at 1400 Baltimore…
more
The city council in Kansas City has approved $72.8 million to pay for the replacement of the Buck O'Neil Bridge, which connects Downtown to north of the Missouri River. It is being paid for by a mix of bond issues…
more
National electronics chain Best Buy, which operates eight stores in the Kansas City Metro area, is furloughing 51,000 hourly employees and nearly all of its part-time workers. The retailer switched to curbside-only business on March 22, due to COVID-19, and…
more
Before COVID-19 hit, the commercial real estate lending market was sure on a strong run. A record $600.6 billion of commercial real estate and multifamily loans in 2019, according to the Mortgage Bankers Association's (MBA) 2019 Commercial Real Estate/Multifamily Finance…
more
March new-housing starts fell 23.1 percent from the prior month, according the the U.S. Census Bureau, hitting just over 1.2 million. However, that number was a 1.4 increase from March 2019. Meanwhile, housing completions also dropped, falling 6.1 percent month…
more
