Multifamily news in Kansas City

Kansas City Grows From the Core
Young professionals continue to fuel multifamily development in the area, with rent growth registering a slight rebound in the first part of 2018.
News
Cordish Cos. Completes $120M MO Community
The company launched the 296-unit Two Light, the second new construction high-rise apartment building in downtown Kansas City.
Development
Flaherty & Collins Launch KC Riverfront Development
The $72 million mixed-use property comprises 407 luxury units and 12,400 square feet of retail space, along with amenities such as a Pickel Ball court, a bike repair area and a private conference space.
Slideshow

  • JVM Acquires Luxury Kansas City Community

    The 340-unit property is located near the city’s Power & Light District as well as the CBD and represents JVM’s ninth high-end asset in Kansas City.

    11 June 2018 17:06

  • Revitalizing Kansas City’s Columbus Park

    Known as the metro's “Little Italy,” the neighborhood is one of several areas near downtown to welcome innovative redevelopment initiatives.

    04 June 2018 17:33

  • Top 10 Apartment Owners in Kansas City

    As rising apartment prices in the city's metro area have tempered investment activity in the multifamily sector, many of the top property owners continue to be local companies.

    25 May 2018 15:02

  • Manufactured Property Receives $16M Refi in Kansas City

    Lakeview Terrace, a recently renovated community comprising affordable mobile homes, has received $16 million in refinancing through Freddie Mac.

    24 May 2018 14:03

  • Prism Picks Up KC Community

    The property consists of 54 three-bedroom townhome units, each containing an attached garage and more than 1,500 square feet of living space.

    18 April 2018 17:24

  • Phase 2 of Multigenerational Community Opens in MO

    The Estoria features short-term recovery, rehabilitation and skilled nursing facilities in 60 residential suites. The rehab center is part of the 17-acre Norterre development, located roughly 17 miles of downtown Kansas City.

    11 April 2018 12:25

  • KWK Architects Designs 324-Bed KS Community

    The student housing community is scheduled to open in August 2019 and will replace Central and Northeast Morse halls, which total 265 beds.

    09 March 2018 09:55

  • On the Market: 5 Interesting Listings for the Week of 2/26

    This week's listings include a former hotel in Kansas City and an asset located near Arizona State University in Tempe.

    02 March 2018 17:02

  • JVM Snaps Up 138-Unit Downtown KC Community

    The investment and property management firm acquired Apex on Quality Hill, a luxury asset in Missouri’s largest city. The company also owns and manages Apex's sister property, located one block away.

    06 February 2018 09:06

  • Supply Surge Dampens Rent Growth in Kansas City

    The metro continues to attract large employers and consolidate its status as a destination for travel and investment. However, the multifamily development boom has led to a rent growth slowdown.

    31 January 2018 18:59

  • CBRE Promotes Jeff Stingley to EVP

    Based in Kansas City, Mo., Stingley has arranged $1.3 billion in multifamily sales during the past two years. He is the first professional in the history of the office to achieve this title.

    08 November 2017 12:01

  • Passco Nabs 5th Property in KC Metro Area

    Greenwood Reserve, a 228-unit luxury community in Olathe, Kan., traded for $38.3 million. Jeff Stingley of CBRE represented both the buyer and the seller, an affiliated entity of Cityscape Residential. Chris Black and Caleb Marten of KeyBank Real Estate Capital’s Commercial Mortgage Group arranged acquisition financing through Fannie Mae.

    06 November 2017 17:40

  • Berkadia Completes Sale, Secures Financing for MO Property

    The Links at Parkville Apartments is a 244-unit multifamily asset in Parkville, near Kansas City. Senior Director Michael Sullivan, Director Brett Meinzer and Managing Director Alex Blagojevich worked on behalf of the seller.

    31 October 2017 09:27

  • Kansas City’s Growth Story

    Appealing workplaces, such as WeWork, are opening in the metro's core submarkets, attracting young professionals to live-work-play environments. Job growth has exceeded the national average and helps maintain a robust demand for apartments.

    05 October 2017 14:18

  • PAC Lands 260-Unit KC-Area Community

    Adara Overland Park is a recently built Class A multifamily asset in Overland Park, Kan. Preferred Apartment Communities (PAC) financed the acquisition using a Freddie Mac loan.

    04 October 2017 18:52