Overland Park

Brain Group Enters Kansas With Overland Park Office Buy

Commercial real estate investor Brain Group recently purchased a three-building office complex in Overland Park, near Interstate 435 and Metcalf Avenue, for $22.8 million. At 81-percent leased, the building is a bit below the submarket average of about 91 percent,… more

Kelly, Parson Sign Border War Agreement

Businesses expecting special tax incentives to make a move from South Kansas City to Overland Park, or from Lee's Summit to Lenexa, are out of luck. Kansas Gov. Laura Kelly and Missouri Gov. Mike Parson just signed an agreement between… more

White Flags Flying in Border War

[caption id="attachment_22474" align="alignleft" width="443"] Mayor Lucas[/caption] The use of tax incentives to lure companies across the state line in the Kansas City metro area is a practice that seems to be on the cusp of ending. New Kansas City Mayor… more

Insurance/Benefits Broker Truss Sold to Hub International

Chicago-based Hub International Limited announced this morning that it had acquired Truss, one of the Kansas City region's largest private insurance brokerages.  Terms of the transaction were not disclosed. [caption id="attachment_22482" align="alignleft" width="140"] Paul Cohen[/caption] Truss, formerly known as Cretcher… more

Sprint Loss Shrinks in First Quarter

Overland Park-based Sprint reported a first-quarter loss in the midst of its merger with T-Mobile, but its results were better than the prior financial period. The wireless carrier's first-quarter net loss came in at $111 million, down from what was… more

Waddell & Reed Laying Off 150 In Midst of HQ Relocation Plans

Overland Park-based Waddell & Reed is laying off about 150 people in its transactional-processing operations and will outsource those positions, the investment-management company's officials said during its second-quarter earnings call.  The layoffs and move toward outsourcing are expected to be… more

From Neurosurgeon to NASA: Enduralock Founder Flies High

A small Lenexa-based engineering-solutions firm is quickly grabbing the attention of some very big players. Enduralock, which makes industrial fasteners, was recently named a winner of NASA's iTech Cycle I forum, which recognizes innovative companies that provide solutions for both… more

DOJ Gives Nod to Sprint, T-Mobile Merger

It's almost a done deal as far as the federal government is concerned. The U.S. Department of Justice granted approval of the merger between Overland Park-based Sprint Corp. and T-Mobile US, of Bellevue, Wash., which the companies say will create… more

K.C. Shared-Office Space Keeps Expanding With WeWork Addition

Co-working, or office spaces used by multiple different companies, is an international trend that has taken off over the last few years, and Kansas City has experienced its impact. Possibly the two most visible examples are Plexpod Westport Commons, in… more

Wichita Firm Now Owns Sprint Campus

Wichita-based Occidental Management has closed on its purchase of the Sprint headquarters in Overland Park, according to an announcement on its Facebook page.  The deal, which closed for an unspecified amount (it is appraised at $342 million, according to Johnson… more