Last week, we shared information on issues related to the Federal Historic Tax Credit (FHTC) Program and how its elimination might affect the renovation of historical properties in Wichita’s core area. However, there are a number of other issues related to the tax reform measures that have broader implications on the CRE business. According to Globe St.co, commercial real estate came off pretty well in the House Ways & Means Committee’s tax reform measure. Now the Senate Finance Committee has introduced its own version of the plan, and there are…

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It’s been an ongoing debate as to whether tenants are favoring the suburbs over the city. As we see more office campuses such as Toyota and Liberty Mutual pop up in suburban areas, the favorability of suburban markets is making headway when compared to the city. So, where are the offices? Here are four factors to consider when deciding between suburban and urban offices: Considering Space Requirements There is certainly no shortage of space in the suburbs, giving companies ample space to build out the perfect office campuses for their…

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Glenn Cox, a financial analyst at NAI Martens, announced this week that he was awarded a scholarship through the NAI Global Young Professionals Network. The scholarship will allow Cox to take a class through the National Association for Industrial and Office Parks, or NAIOP. The class is normally $795 for non-members. Annually, only 10 NAIOP scholarships are offered around the world to NAI Young Professionals. Cox applied for the scholarship in August. “I love finding opportunities to gain knowledge outside of my traditional education and applying for this scholarship seemed…

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Since 2003, Dr. Stan Longhofer, Director of the WSU Center for Real Estate, has authored the annual Kansas Housing Market Forecast. The 2018 theme, “The Hunt is On!”, reflects the fierce competition among buyers for the limited inventory of homes available for sale across the state. Whether you are a buyer, a seller or a real estate professional, this year’s Kansas Housing Markets Forecast Series will help you “track your quarry.” Reports are available for Wichita and each of the metropolitan areas in the state. Housing Market Outlooks are also available for…

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Wichita Real Estate News This week’s top Wichita real estate news Construction begins on new Cargill headquarters Construction, planned to take about a year, has started at the site of the new Cargill Protein headquarters in downtown Wichita…Wichita Business Journal Sedgwick County a finalist for wayward Tyson Foods plant Sedgwick County is one of three finalists for a Tyson Foods processing plant…Wichita Business Journal   More Wichita Real Estate News Old Town bar has closed to the public, now has new purpose Prairie Pointe twin-home development coming to Cornerstone Hillsboro business expanding…

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In the past couple of years at least $137.5 million in projects have been announced for the Delano area along the Arkansas River. As larger developments continue to expand closer to the edges of the city, such as the areas surrounding Greenwich Place and New Market Square, the Wichita City Council is looking to revitalize the core. Developments have taken place or been announced for other portions of the downtown market, like The Douglas Luxury Apartments,  College Hill’s new Uptown Landing and plans for the lot across from Intrust Bank…

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Construction is underway on a new mix-use development at Douglas and Rutan. NAI Martens’ Jeff Englert, Nathan Farha and Ryan Hubbard have been selected as the exclusive leasing agents for the retail portion of this new project in College Hill. Check back to this post or follow us on social media to watch the progress! View the full listing for more information on available commercial space.   http://listings.naimartens.com/uptownlanding February 16, 2018: Framing in Place                         September 13, 2017: GROUNDBREAKING Stay…

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Wichita Real Estate News This week’s top Wichita real estate news Wichita Manufacturer doubling space with headquarters move Superior Tool Service on Monday announced Monday it has purchased a new headquarters facility in Wichita that will give the cutting tool manufacturer and distributor additional space needed to expand its offering to customers…Wichita Business Journal Reports show Wichita hotel market trending downward Businesses that capitalize on the sharing economy — like Airbnb — are likely to continue to cut into the profit margins for traditional hotel operators…Wichita Business Journal Harbor Freight Tools to anchor…

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