On Dec. 18, banking regulators from the Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation issued a a stern warning regarding commercial real estate lending in Kansas and nationwide. The agencies indicated they will be closely monitoring the CRE sector in 2016 due to a loosening of underwriting standards that threatens the stability of the market.
Most Kansans have probably not heard about the lawsuit between Oculus, a manufacture of virtual reality glasses, and ZeniMax Media, a gaming company. The lawsuit, filed by ZeniMax in May 2014, alleges that Oculus used the company's intellectual property in violation of a non-disclosure agreement.
While legislators in Missouri have chosen not to adopt the Uniform Deceptive Trade Practices Act, they have passed a number of laws designed to protect consumers from misleading, deceptive or otherwise unfair business practices. Missouri residents who have suffered a financial loss due to the deceptive practices of a business may initiate a civil lawsuit against that company, and they could also file a complaint with the state's attorney general.
In late 2015, real estate insiders released predictions that may be of interest to Kansas property owners and investors. One economist said that even though the financial market had undergone noteworthy ups and downs, there would be a better outlook for commercial property transactions by 2016. In addition to improved sales figures, more optimistic investors have reputedly contributed to the development of stronger commercial markets.