Multifamily news in Operations - Kansas City
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Noble Investment Group to Convert Q Hotel in Historic District to Marriott’s AC Hotel
Noble Investment Group recently announced the acquisition of the Q Hotel situated in the Historic Westport District of Kansas City, Missouri. The hotel is scheduled to undergo a thorough renovation and conversion in the scope of becoming one of the first AC Hotels by Marriott properties located in the United States.
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Farmers Insurance Signs 10-Year Lease Extension for Olathe Office
Farmers Insurance recently announced, through The Kansas Department of Commerce, it has extended its lease for its national property claims division offices in Olathe.
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Valencia Group Opens 132-Room Luxury Mediterranean-Style Hotel in Plaza Vista
Houston-based Valencia Group recently announced the grand opening of Hotel Sorella Country Club Plaza. The luxury hotel is situated in Kansas City’s premier shopping district and is the last piece of the puzzle, completing the Plaza Vista development. The hotel has a Mediterranean inspiration and a modern design, paying homage to the Spanish Seville influence of the Country Club Plaza.
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Monmouth Real Estate Investment Acquires 280,000 SF Industrial Building
Monmouth Real Estate Investment Corporation recently announced the acquisition of an industrial building in Edwardsville, Kansas.
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Resource Real Estate’s REIT Enters Agreement to Acquire Another REIT’s Portfolio for $52.7M
Resource Real Estate Opportunity REIT, a non-traded real estate investment trust sponsored by Resource Real Estate Inc. has recently announced that it has entered into an agreement and plan of merger to acquire Paladin Realty Income Properties L.P.
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Three Million-Square-Feet of the Bannister Federal Complex up for Sale
By Gabriel Circiog, Associate Editor One of the biggest real estate transactions in Kansas City history could soon happen as the federal government is searching for a buyer for part of the Bannister Federal Complex. The Kansas City Star reports the sale targets the 3 million square-foot section of the complex where non-nuclear parts for [...]
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Ford Motor Co. and Governor Jay Nixon Announce Historic $1.1 Billion Investment
By Gabriel Circiog, Associate Editor Missouri Governor Jay Nixon, senior executives from Ford Motor Co., and leaders of the United Auto Workers have announced a historic $1.1 billion investment in the Claycomo facility. Governor Nixon hailed the investment as the rebirth of the American auto industry. The investment will add 1,600 new jobs over the [...]
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Burns & McDonnell Headquarters Awarded LEED Certification; Briarcliff Development & Riverside City Break Ground on Infrastructure Project for 260-acre Horizons Development
By Gabriel Circiog, Associate Editor The Burns & McDonnell headquarters renovation has garnered LEED Silver certification for Existing Buildings, Operations and Maintenance (LEED O&M) by the U.S. Green Building Council. For the new construction and renovations at the 9400/9300 Ward Parkway world headquarters, Burns & McDonnell is pursuing a separate LEED certification. The award is the first [...]
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Burns & McDonnell Announces Expansion
By Gabriel Circiog, Associate Editor Burns & McDonnell is expecting to add 1,000 jobs, including 500 in Kansas City, within three years. The engineering and architecture services company currently has over 3,000 employees nationwide, and 2,150 are Kansas City based. In order [...]
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Black & Veatch LEED World Headquarters Renovation and Expansion Approved; Park Place Development Adds Two New Office Buildings
By Gabriel Circiog, Associate Editor The Overland Park Planning Commission has approved the initial renovation and expansion plans for the world headquarters of Black & Veatch located at 114th Street and Lamar Avenue. Black & Veatch is the area’s 12th-largest private-sector [...]
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Kansas City Congratulates LEED Gold-Rated Green Campus and Other Construction Projects of the Year
By Gabriel Circiog, Associate Editor Kansas City Business Journal has published a ranking of the Kansas City-area construction projects of the year. Ranked in third place was the Kauffman Center for Performing Arts. The construction cost of the project is reported at [...]
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High Tech Stadium Poised to Offer the Ultimate Fan Experience
By Gabriel Circiog, Associate Editor A new state-of-the-art stadium is ready to open its doors in Kansas City at Village West. The Livestrong Sporting Park stadium will be the new home of the soccer club Sporting Kansas City. The 342,105-square-foot stadium [...]