Real Estate and Development
Two of the biggest casinos in the Kansas City area are on track to have the same ownership. Isle of Capri Casino owner Reno, Nev.-based Eldorado Resorts, is purchasing Caesars Entertainment Corp., owner of Harrah's North Kansas City, for $17.3…
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The Flashcube Apartments project at 720 Main St. has its redevelopment future more secure. Owner WI Flashcube landed a $32.95-million redevelopment loan in a deal arranged by John Schorgl of Berkadia Commercial Mortgage's Kansas City office. The financing came from UC…
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If Question 1, a referendum on Tuesday's election ballot had passed, a 50-percent cap would have been placed on the amount of tax abatement paid by developers for projects considered economic development in Kansas City. Not surprising then, that the…
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Kansas City has secured two highly prized federal agencies that have been reviewing relocation sites nationwide: The Department of Agriculture’s Economic Research Service and National Institute of Food and Agriculture. The Kansas City Area Development Council announced that decision with a…
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The number of Kansas City homes listed on realty Web site Zillow dropped dramatically in April from the same same month last year, according to the firm's monthly Real Estate Market Report. Listings here fell 24.1 percent from April 2018,…
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Logistics Park Kansas City will be the home to Hostess Brands’ main distribution center as industrial vacancy rates in the area are tightening and strong leasing activity continues. Hostess is moving its distribution operations from Illinois to the Edgerton industrial…
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At the inception of Ingram’s Magazine in 1974, Downtown Kansas City was the epicenter of business in the bi-state area. Over the decades, the narrative has shifted. The entire metropolitan area has grown in just about every sense, but the…
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In his 2012 book titled “The Laws of Opportunity,” Suoyo Aganaba wrote that “opportunity most often presents itself as a problem that demands a solution.” It’s just possible, then, that the economic-development incentives built into the tax reforms of 2017…
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How would you characterize a commercial real-estate market where rents today, in many cases, are unchanged from 10 years, 15 years, even 20 years ago? One might think it a market in distress. But anecdotal instances of that, while telling…
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When Ingram’s hosted its 2018 Commercial Real Estate Industry Outlook assembly in November, major players in the field likened growth in the Kansas City market to a baseball game, one that was probably in its latter innings. A slowdown could…
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