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September 2015 Archives

Hotel market looking good for 2015

Commercial real estate investors in Kansas may want to consider investing in hotels. The hospitality market is currently on an upswing as changes in the economy are triggering more demand for hotel rooms. According to a report from PwC, 2015 hotel occupancy rates are expected to reach 64.9 percent, which is the highest they have been since 1984.

Price increases continue for commercial real estate

Kansas investors who participate in the commercial real estate market may be interested to learn that data from the most recent quarter demonstrated that the prices are still rising. The month of July brought a 0.7 percent price increase, while the three-month period had an increase of 2.8 percent overall.

Real estate expert feels that bubble concerns are unfounded

Real estate investors and developers in Kansas may be concerned about a possible bubble as commercial property prices in many parts of the country surge to levels not seen since the days leading up to the 2008 financial crisis, but some observers feel that these concerns are unfounded. Don Peebles is the CEO and president of one of the nation's foremost real estate investment companies, and he believes that commercial real estate will continue to be a sound investment for the foreseeable future.

The Kansas Consumer Protection Act and breach of contract

Kansas residents who are involved in breach of contract disputes regarding their real estate transactions may be interested to learn about a recent case in New Jersey. In that case, a couple had contracted with an architect and a developer to plan and build their residential property. Although the architect's plan called for the developer to test the soil, the developer failed to do so. The soil could not support the weight of the home and it cracked and became uninhabitable.

Faltering Chinese economy raises real estate investment fears

Kansas residents may recall how Japanese companies and investors made headlines in the 1980s by purchasing iconic pieces of American real estate. Japanese investment quickly dried up after the economy in that country stalled, and some financial analysts fear that Chinese investment in American real estate projects may also dwindle after the Chinese stock market plummeted and the yuan was devalued in August 2015.

Our condo association was faced with monumental construction issues thanks to the original developer of our complex. We were cash poor and in no position to get legal representation without a contingency fee arrangement. Luckily for us, Scott Long and Burke Robinson were willing to take us on as clients. Their work ethic, professionalism and knowledge of condominium construction served our association very well. Any association would be well served in hiring these gentlemen to represent them.

Board of Directors - Plaza Gardens on the Lake Condominium Owners’ Association Lake of the Ozarks, MO

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