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Wichita office, retail vacancy rates see pockets of promise

Lackluster but resilient. Those terms might be the best way to characterize the current market for office and retail space in the Wichita area, local real estate officials said.

Commercial lending appears to be on the rise in Kansas, region

Commercial lending activity generally appears to be on the rise in Kansas and the region in the first half of 2013.

Remodeling could begin soon on former Union Station

Walking through the Union Station passenger terminal in downtown Wichita, developer Gary Oborny envisions putting in glass where a lot of wallboard was added to the interior of the building long after it first opened in 1914.

Second building opens at Offices at Cranbrook; third building planned

Officials at Occidental Management said the second building has opened at their Offices at Cranbrook development and plans for a third building are just getting under way.

Developer plans Kansas City’s first new downtown hotel tower since 1985

A Tennessee developer plans to build a 257-room hotel in the Crossroads Arts District that will be the first significant new hotel project in downtown Kansas City since the Vista International opened in 1985.

Orthodontics practice to kick-off small Waterfront office park

Waterfront developers confirmed Friday the first tenant for their newest project, an 8-acre professional and medical office park.

Lender takes ownership of Wichita Executive Centre

One of Wichita’s largest office buildings is emerging from the limbo into which it fell when Minnesota-based Real Development ran into financial problems.

DeBoer‘s Value Place Apartments at Maple and McLean to offer flexible leases

Serial entrepreneur and hotelier Jack DeBoer will try a new concept when he breaks ground Friday morning on his $10million, 133-unit apartment complex near the southwest corner of Maple and McLean.

Area home sales in June up from a year ago

Home sales in the Wichita area reached their ninth consecutive month of increases, as compared to 2012, according to the South Central Kansas Multiple Listing Service’s June 2013 report.

Wichita-area home sales trending upward

Since October 2012, the Wichita metro area has seen consistent increases in year-over-year home sales.

Wichita teams, agents place in top five of Kansas real estate rankings

Wichitans were among the top five in Real Trends’ inaugural ranking of the real estate agents in Kansas.

Mortgage interest rates on the rise, some Wichita-area lenders say

The days of getting mortgage interest rates in the 3 percent range are most likely over, area mortgage lenders and Realtors said.

Land owners seek transfer of ownership of downtown building

Some of the owners of the land beneath 150 N. Main in downtown Wichita are seeking ownership of the building to pay unpaid bills.

Wichita area foreclosure rate continues to drop

Foreclosure rates in Wichita continued to fall in April, reaching the lowest level in nearly four years, according to newly released data from CoreLogic.

Businessmen seeking tenants to help revive, share bills at Sutton Place

It takes about $10,000 a month to cover the heat, electricity and water bills at Sutton Place, an 11-story downtown office building at William and Market.

Wichita area sees gains in home sales in May

Sales of existing and new houses climbed 14 percent in May, according to a South Central Kansas Multiple Listing Service report released Monday.

Bel Aire development to house medical facilities

A Bel Aire development has secured its first tenant and is preparing to break ground on its first project.

Missouri firm plans 184-unit apartment complex at 29th and Ridge

Rick Huffman thinks the Wichita market needs Class A apartments, which is why his company plans a $20 million complex for northwest Wichita.

Multifamily apartment construction in Wichita area continues amid investor eagerness

Bullishness for Class A apartments has not waned in Wichita even as the single-family housing market continues to show improvement.

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