KANSAS CITY-Attempts are being made to pay unsecured creditors to close the Chapter 11 bankruptcy of Kroh Brothers Development. The company was a significant player in the office and retail market until the 1986 tax reform.
KANSAS CITY, NORTH, MO- Cerner Corp., a health industry software company, is looking at the former casino complex that recently went on the auction block. Cerner is in negotiations with the bidders.
KANSAS CITY-Rezoning of the Central Industrial District for lofts is met with opposition. However, other property owners favor plans by 3rd Millennium Developers to develop 34 lofts in a used tire warehouse.
OVERLAND PARK, KS-Kessinger/Hunter & Co. principal Charles H. Hunter, responsible for the development of more than 7 million sf of warehouse and office space, is named to the bank's board of directors.
KANSAS CITY-Rezoning of the Central Industrial District for lofts is met with opposition. However, other property owners favor plans by 3rd Millennium Developers to develop 34 lofts in a used tire warehouse.
KANSAS CITY-Gerard's Bakery will continue operations from a site in Longmont, CO after being partially sold to Farmland and Mountain View Harvest Cooperative.
KANSAS CITY-A rebuilt parking garage is part of a larger, already approved, TIF plan. The new development would generate $14.3 million in new property, sales, earnings and utility taxes, according to Tower Properties.
KANSAS CITY-Chad Ingram is hired as a project architect for health care and judicial projects, and will the head the Institute for Women's Health project. Stanley Lau joins the firm as an intern.
ST. LOUIS-GMAC Commercial Mortgage provides a $25-million interim loan for the owners of the 500,000-sf Marketplace Shopping Center. Closing was within six weeks, which allowed the owner to avoid payoff deadlines and late fees.
KANSAS CITY-Terry Campbell joins HNTB Corp. as the chief financial officer and senior vice president in charge of accounting, corporate financing, tax, internal audit, cash management and investment, treasury and bank relationships.