Overland Park

KC Demand for Office, Industrial Space Remains Steady in Q3

Tenants in the office and industrial sectors of commercial real estate haven't stopped leasing space in 2019, despite a lot of chatter about a coming slowdown in the U.S. economy, according to new reports by brokerage firm JLL. On the… more

Forever 21 Closing Three Area Locations as Part of Bankruptcy

Fast-fashion retailer Forever 21, which filed for bankruptcy over the weekend and announced plans to close 178 locations, and three of them are in high-profile Kansas City-area shopping centers, according to court documents filed today in the United States Bankruptcy… more

State AG Lawsuits Against Sprint, T-Mobile Merger Keep Coming

Pennsylvania is the latest state to join a coalition of 18 attorneys general suing to challenge Sprint's merger with T-Mobile, and an analyst said that if they are successful in court, T-Mobile would likely back out of the deal.  “The… more

National Smart-Home Design Firms Form Overland Park Business

A combination of 15 independent smart-home design firms from around the country have joined forces to form a single entity with a national reach. Based in Overland Park, Bravas LLC was recently put together with $75 million in financing by… more

Industry ‘Disruptors’ Becoming the Norm

A regular occurrence we are seeing in business nowadays is a bevy of firms proving that a "business as usual" approach to running industries won't fly anymore. It's becoming commonplace for firms' businesses to be based on finding where a… more

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