Category Archives: Commercial Real Estate

Borders to close another Kansas City store

As mentioned in a previous post, as of March 14th, Borders only planned on closing 1 of the 5 Kansas City area stores. On March 18th, they announced that they would be closing the store at 9108 Metcalf Ave. in … Continue reading

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Borders to close 20-75 additional stores

Mike Edwards, Borders President, announced that it is exploring closing 75 additional stores. Depending on the success of negotiations with landlords, the number may be closer to 20 to 25 closings. They intend to announce the details in early April. … Continue reading

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Grandview, Missouri population declines 1.6%

The 2010 US Census data shows the population declined from 24,881 people in 2000 to 24,475 people in 2010, a decrease of 1.6%. This should have little impact on the Grandview Commercial Real Estate market.

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Belton, Missouri population grows 6%

The 2010 US Census data shows the population grew from 21,730 people in 2000 to 23,116 people in 2010, an increase of 6% This is good news for the Belton Commercial Real Estate market.

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Lee’s Summit, Missouri Population grows 29%

The 2010 US Census data shows the population grew from 70,700 people in 2000 to 91,364 people in 2010, an increase of 29% This is great news for the Lee’s Summit Commercial Real Estate market.

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Consumer Confidence Index improves again!

Consumers feel that the economy is improving. That should lead to more spending, which will lead to an improved Kansas City Commercial Real Estate market. Says Lynn Franco, Director of The Conference Board Consumer Research Center: “The Consumer Confidence Index … Continue reading

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Cities with the Top Ten Overall Crime Rates in the United States

Onboard Informatics recently provided the overall crime rates for cities. This includes not only violent crimes, but also property crimes. 10 Cleveland and Minneapolis tied at 331 9 Kansas City, Missouri 337 8 Baltimore 339 7 Miami 346 6 Memphis … Continue reading

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The simplest way to determine a commercial real estate properties value

The Gross Rent Multiplier (GRM) is the simplest way to determine the value of a commercial real estate property. First, lets find the GRM for a sample property. Let’s say you are looking at a couple of properties and you … Continue reading

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Jobless claims drop to lowest point in 2.5 years!

New US claims for unemployment dropped to their lowest point since July 2008. Initial claims for state unemployment benefits fell 36,000 to 383,000. This is yet another sign that the economy is turning around and hopefully the commercial real estate … Continue reading

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Commercial Real Estate’s best index, the NCREIF’s NPI

If you want to know how the commercial real estate market is doing, you need an index. For example, the New York Stock Exchange Index measures the performance of all of the stocks that are traded on the NYSE, this … Continue reading

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