Local News
A price index for commercial real estate fell by 9.4 percent in April and is down by 10.4 percent below its peak from last year. Investment and research firm Green Street Advisors said that retail and hotel assets are doing…
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Since there are social-distancing rules in several states and municipalities, signing a lease for an apartment can't be done in person. But people still have to move from one location to another. To combat that, some multifamily landlords have adopted…
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New home-listing sales pending are up week over week by 4.5 percent in the Kansas City metro area, according to Zillow, which might show a slight rebound in the housing market. But it's not a major correction in the downturn…
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Oak Park Mall, Independence Center, and other area malls are reopening this week, as stay-at-home orders are relaxed in several area municipalities. Oak Park, in Overland Park, is opening tomorrow, with 11 a.m. to 7 p.m. hours, while Independence Center…
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Kansas City, Mo., has released its long-awaited guidelines for reopening restaurants in the city. Starting on May 15, establishments will be able to open for in-dining businesses as long as they follow a specific set of rules put forward by…
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There is bill being proposed in the Kansas Legislature that would limit the lawsuit liability business owners would face from legal action related to COVID-19. Proposed by the Kansas Chamber of Commerce, the bill could be considered May 21, when…
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Major League Baseball is considering a proposal to start the regular season in July, with teams playing at their home stadiums, as long as it doesn't violate states' reopening rules. Though the games would be played at the stadiums, the…
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Hyatt Hotels, which has locations in Johnson County, Kan., and by KCI airport, is laying off 1,300 workers company wide, due to a steep drop in travel caused by COVID-19. During its first quarter, Hyatt lost $103 million due to…
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AMC Theatres, which has been closed and reportedly facing bankruptcy during the COVID-19 pandemic, might look like a good bet for one of the world's biggest companies. A report came out recently that Amazon is looking to acquire the Overland…
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With $2 billion of losses estimated daily, the airline industry is facing the sobering reality of major layoffs throughout various positions. Even though the federal bailout of $25 billion does not allow airline companies to lay off workers, that money…
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