COVID-19
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 University of Missouri System is facing a $180-million budget shortfall, and the University of Missouri - Kansas City is not immune to the problem. Chancellor C. Mauli Agrawal reportedly sent an e-mail to staff and faculty asking all administrative…
more
Facebook, in a partnership with Carnegie Mellon University, has launched a COVID-19 heat map that tracks the virus by county around the country. Viewing it on a local basis, one can zero in on particular counties in the Kansas City…
more
The restaurant industry has had widespread strife since stay-at-home orders were put into place in states across the country, and now the National Restaurant Association (NRA) lobbying group is asking Congress for funding. The group is reportedly asking Congress for…
more
The oil industry is among those feeling pain due to COVID-19, and futures prices have dropped to below zero for the first time ever in history. The West Texas Intermediate fell to negative $37.63 per barrel for May, which means…
more
Restaurant chain The Cheesecake Factory, with two prominent area locations, has received $200 million in financing from a private investment group. The company, based in California, has locations in the Country Club Plaza, as well as one on 119th Street…
more
A Conagra plant in Marhsall, Mo., is shutting down after about 20 employees there tested positive for COVID-19. The plant, which reportedly was already practicing social distancing and making sanitation efforts, is set to reopen on April 27. The company…
more
