Real Estate and Development
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…
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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…
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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…
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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…
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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…
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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…
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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…
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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.…
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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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