Month: October 2018

News that Sears Holdings would close another 142 Sears and Kmart stores broke Monday following the company declaring Chapter 11 bankruptcy. Once again, the national real estate market will have to explore options for millions of square feet of retail space. None of the remaining stores in Wichita are being closed. The last Wichita Kmart closed in the spring. A Sears department store remains open at Towne East, while Towne West has a Sears Hometown Store.  The Sears department store in Towne West closed about four years ago. Wichita also…

Green building is more than a residential concept – it has become standard in the commercial industry too. Along with automation, artificial intelligence, Smart technology, and robotics, green building technology is helping to meet the new needs in CRE following these three trends: #1: Building for Climate Disasters Did you know that last year the U.S. suffered some of the worst financial losses due to extreme climate events than at any other time in history? The result is a renewed focus, even among the dwindling number of climate deniers, on…

At first, co-working spaces made sense largely for startups and independents. Now everyone is using them. Turns out, it’s a cost saver even for established businesses. Unlike a traditional office lease, tenants don’t have to go through months and months of negotiations and paperwork processing for co-working space. They aren’t even responsible for providing electric, internet, and a lot of office equipment to their employees – that’s the office owner’s responsibility. With studies showing that workers are happier and more productive in co-working spaces – generally speaking – these types…