From March Madness to dinosaurs in Derby Wichitans have a lot to look forward to in 2018.  Here’s a look at some of the big events and attractions coming your way in 2018. NCAA Men’s Basketball Championships, First and Second Rounds For the first time, Intrust Bank Arena will be hosting first and second round games of the NCAA Men’s Basketball Championships. Games held in Tulsa brought an estimated $8 to $10 million to the local economy.   Head over to Intrust Bank Arena’s Website for more information. Field Station Dinosaurs, Derby Opening…

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The local real estate market is changing everyday, and we are pleased to present our Q4 2017 Transactions report to help keep you up-to-date on the latest sales and leases! Take a look at the report and then head over to our website to learn how your property could end up on this list! Q4 2017 Transactions Q4-2017 Transactions Report   About NAI Martens NAI Martens is the largest full-service commercial real estate firm in Kansas. Founded in 1948 and headquartered in Wichita, NAI Martens provides a vast array of commercial…

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Wichita Commercial Real Estate News This week’s top Wichita commercial real estate news NAI Martens Patrick Ahern handles sale of former Red Cross Building Builders Inc. has purchased the former American Red Cross building at 1900 E. Douglas, but not for itself….Wichita Eagle King of Freight has ‘biggest accomplishment’ yet with major new downtown lease In August, King of Freight owner Mike Ricklefs told Have You Heard? he wants to hire 15 to 20 people every 15 days at his freight brokerage. It may be difficult to understand how the business, which Ricklefs started with a laptop in his apartment in 2008,…

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Every year NAI Martens compiles a forecast for the coming year, exploring and predicting trends. For those who missed it last October, take a look to find out what’s in store for this year in the local commercial real estate market!   NAI Martens 2018 Forecast NAI Martens 2018 Forecast   About NAI Martens NAI Martens is the largest full-service commercial real estate firm in Kansas. Founded in 1948 and headquartered in Wichita, NAI Martens provides a vast array of commercial real estate services throughout south-central Kansas and Topeka. NAI…

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Today, the Silver Tsunami is being discussed more and more. It is an issue that will affect commercial real estate and a great deal else. Read below to learn a few quick facts about this event. What is the “Silver Tsunami?” The “silver tsunami” is a phenomenon which refers to the exit of a large number of baby boomers from the workforce as they reach retirement age. News organizations have been slowly reporting on the issue for years now. It stands to have a major impact on a wide variety of…

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The ranking, which puts multifamily in the second spot for investor preference, marks a significant change in market dynamics. For the second year in a row, industrial real estate topped the list of global investors’ preferred U.S. property types, according to the results of the 2018 survey conducted by the Association of Foreign Real Estate Professionals (AFIRE), an organization devoted to promoting cross-border investment in real estate. The ranking, which puts multifamily in the second spot for investor preference, marks a significant change in market dynamics. For a long time, as the…

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Wichita Commercial Real Estate News This week’s top Wichita real estate news Martin Pringle makes a move With its lease at the Ruffin Building ending, the leadership at the Martin Pringle Law Firm in Wichita was faced with an age-old question — should it stay or should it go?….Wichita Business Journal  Wichita is on Marcus Lemonis’ list of new Gander Outdoors stores In May, when Camping World chairman and CEO Marcus Lemonis purchased Gander Mountain out of bankruptcy, he told Have You Heard? that “one way or the other” he’s coming to Wichita….Wichita Eagle Gander Outdoors issues Wichita release,…

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If you are in the market to purchase or lease commercial real estate, you probably know there are a lot of options out there.  Here at NAI Martens, we want to help you search the right way so you can make the best decision for you and your business. First off, you should set a budget and figure out what your needs are.  Then comes the hardest and most important step: finding the perfect commercial space to meet your business needs. There are many tools out there that can help…

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In a first major legislative victory for the Republican Party since President Trump took office, the House and Senate have passed the Tax Cuts and Jobs Act. The $1.5 trillion bill marks the first major overhaul of the U.S. tax code since 1986 and is expected to be a great boon for commercial property owners. Industry analysts predict the new tax code will strengthen demand in the multifamily sector and spur corporations to put more money into real estate assets and new development, in addition to preserving or improving most of the existing tax breaks for…

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Everyone who is in Wichita knows it’s fairly cheap to live here, but apparently it’s also pretty economical to start a business here, too. SmartAsset, a New York-based financial technology company, has a new study on cities with the lowest costs to start a company nationally. As a public relations person touting the study wrote, “Wichita ranks in the number four spot!” Only Chattanooga and Knoxville, Tenn., and Greensboro, N.C., rank better. On average, a 1,000-square-foot lease is $14,720 in Wichita. That’s actually a bit cheaper than each of the top-ranking cities…

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