Missouri

EPR Divests Charter-School Portfolio

EPR Properties, one of the Kansas City area's largest public companies, has exited the charter-school business to better focus on its core portfolio of experiential-entertainment real estate. The Kansas City-based real estate investment trust sold 47 assets in its charter-school… more

$350M Plan Would Redevelop Freighthouse Area

A $350-million plan made up of multi-story mixed-use buildings, including hundreds of residential units, has been submitted to the city in an ambitious move to transform the Freighthouse area, just to the south of The Crossroads neighborhood. The plan, put… more

Q&A: Chase Exec Outlines KC Expansion Plans

JP Morgan Chase & Co. has started its expansion into the Kansas City area. Last week was the official opening of a retail branch in Leawood, and another location, on the Missouri side in Kansas City, will open at 7701… more

Ferrellgas Lands Lending Agreement in Face of Defaults

Ferrellgas, L.P. has reached a lending agreement with TPG Specialty Lending to address "alleged events of default" that occurred under its current credit facility, the propane distributor said. The $300-million revolving credit facility sub-limit for the issuance of letters of… more

Strata Office Tower Proposal Could Face City Council Today

The City Council could today vote on a long-planned Downtown office tower known as Strata, a 250,000-square-foot development at the southwest corner of 13th and Main streets. It is across the street from the world headquarters of H&R Block, which… more

Auditor: Visit KC Needs More Accountability

The City Auditor's Office has released a report saying that Visit KC, the city's economic development agency devoted to promoting tourism, is not reporting its finances in a way that gives a clear picture of how it spends money. Visit… more

Blue KC Considers Headquarters Move

Blue Cross and Blue Shield of Kansas City might move its headquarters from its current location, at 2301 Main St. Renovation of the existing facility, which was built in 1979, is also a possibility, as the building is "not adequately… more

Lockton Taps Company Veteran Clune as New CEO

Peter Clune will be the next chief executive officer of with Lockton, Inc., world's largest independently owned private insurance brokerage, starting in May. A 13-year company veteran, he's currently president and chief operating officer, and he'll succeed Ron Lockton, who… more

Sprint Losses Near $400M So Far This Year

Sprint Corp. reported a net loss of $274 million during its fiscal-year second quarter, bringing its year-to-date total losses to $393 million. That's quite a contrast from the same period last year, when Sprint earned $380 million. The company recently… more

United Country Real Estate Affiliate Grows in Florida

United Real Estate, a residential brokerage firm that is a sister firm of Kansas City-based United Country Real Estate, has acquired a Fort Lauderdale, Fla.-based Charles Rutenberg Realty, adding about 1,000 professionals based in South Florida to its national network. … more