Kansas

Independent Mortgage Banks Had Strong ’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 Transactions Rise in Q1

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

Home Prices Up As Supply Plunges

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

Facebook Creates Map That Tracks COVID-19 by County

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

Restaurant Industry Seeks Bailout From Congress

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

Oil Trades at Lowest Rates in History

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

Cheesecake Factory Getting $200M Cash Infusion

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

Regents Approve Tearing Down Shockers’ Cessna Stadium

The Kansas Board of Regents has approved the demolition and replacement of Cessna Stadium, where the Wichita State Shockers host track and field events, and replacing it with another facility. The former football stadium is three-quarters of a century old,… more

KS, MO Both Facing Major Budget Shortfalls

The State of Kansas is predicting major budget shortfalls due to income taxes not being filed until the next fiscal year, and Gov. Laura Kelly has announced that no new positions will be filled with the state and all discretionary… more

Regents Approve New Multi-Pronged K-State Institute

The Kansas Board of Regents has approved a new Global Food, Health and Biosecurity institute that "will focus on exploring how Kansas State University can and will lead through teaching, research and service to address these challenges," according to Provost… more