Retail, New Frontiers: 2015 Trends

The evolving consumer is not always easy for retailers to understand. The value proposition behind

their product and service selection is continuing to change. Consumers put emphasis on personalization, seek opportunities where their input matters, and they value product and service solutions.

BRES' #CRE Deal of the Week - Retail Sale in Kansas City

Kim Bartalos of Block Real Estate Services, LLC (BRES) closed on the sale of a retail building in

Kansas City, Missouri.

Retail Redevelopment - What Can it Do For You?

Rising from the ashes of 2008, retail properties in the commercial real estate market are starting to recover. Developers and retail shop owners alike are spending more of their time and money on existing properties instead of on new retail locations. By enhancing their existing facilities they are seeing an improvement in their investment. Improvements range from a simple renovation to a complete redevelopment.

Identifying the Pieces to Your Mixed-Use Puzzle

Imagine you are putting a puzzle together. You have an idea of what the final image will be, but it is slightly fuzzy. Not a problem, right? What if the pieces for it were mixed in with the pieces of five other, very similar, puzzles. Did it just get harder? This is what it's like when trying to determine the pieces of a new mixed-use development. In order to find the right pieces you must narrow the available options down.

Retail's Role In Mixed-Use Development

It is an exciting time for commercial real estate development. Live/work/play communities are in high demand. Retail plays a crucial role in this type of development. Dense population supports sales and, as such, retail perfectly complements a strong multifamily development. Add daytime office workers and the need is increased. When we began planning the CityPlace development in Overland Park, we knew that retail would be needed to help support this new in-fill community. Here are some of the insights we gleaned when incorporating retail into the CityPlace development:

BRES' Deal of the Week - Midtown Marketplace

Stephen Block, Kim Bartalos and Callie Laue of Block Real Estate Services, LLC (BRES) completed the

sale of a retail space in Kansas City, Missouri.                          

BRES' Deal of the Week - Wakarusa Marketplace

Stephen Block, Kim Bartalos and Callie Laue from Block Real Estate Services, (BRES) closed on a retail

lease in Lawrence, Kansas.

BRES VP of Retail Leasing Recognized as an Influential Woman In Business

Each year, Kansas City's most outstanding civic and business leaders are recognized at the Influential Women of Kansas City Business Event. This program recognizes women from a variety of business communities:

• Creative
• Entrepreneurial 
• Non-Profit 
• Corporate

BRES' Deal of the week - Greystone Shopping Center

Stephen Block, Kim Bartalos and Callie Laue of Block Real Estate Services (BRES) closed on the lease of

a retail property in Lenexa, Kansas.

Kansas City Retail Market 2014 Overview

Kansas City is a sought after attraction with the increase in retail developments making the city a thriving market!

BRES's Deal of the Week - Greystone South Shopping Center

Stephen Block, Kim Bartalos and Callie Laue closed on the sale of the Greystone Shopping Center located in Lenexa, Kansas.

BRES' Deal of the Week - Land Sale at 191st Street and Four Corners Road

Kim Bartalos and Matt Levi, of Block Real Estate Services, LLC (BRES) closed on the land sale by the BNSF Intermodal.  

BRES' Deal of the Week - 520 W. Pennway

Kim Bartalos and Matt Levi of Block Real Estate Services, (BRES) sold a 45,000 SF historic building in Kansas City, Missouri.   

2013 Retail Market Overview

Kansas City-area retail is picking up after years of economic turmoil and stalled projects throughout the metro area, according to the 2013 retail forecast from Block Real Estate Services (BRES).

Kansas City’s retail environment is well on the mend. We are still a long way from needing additional speculative retail developments, but with the increase in retailers committing to the metro and the increased number of leases being completed, this activity is sure to reduce the overall vacancy rate and help to improve rental rates in 2013.

Development has been specific to single-tenant users or small multi-tenant buildings with a few tenants lined-up in advance in redevelopment or infill locations.  With the exception of Prairiefire in Overland Park, and the redevelopment of Truman Corners in Grandview, Missouri and Wyandotte Plaza in Kansas City, Kansas, this is anticipated to continue over the next couple of years. We can continue to expect to see more infill and redevelopment, mostly on a smaller scale as larger, new developments continue to seek economic incentives to help with development costs.

Day 5: 12 Days of the Market Report: Kansas City Wins IKEA

In September, IKEA announced that they had chosen Kansas City over St. Louis for the location of a new store, due to open in 2014. Merriam Town Center sold to IKEA for a 349,000 square foot store on the site of Meriam Village, a $73.5 million vacant shopping center. They will demolish the center developed in 2008 aimed at housing Circuit City prior to their demise.