CTO Realty Growth paid $103.0 million, or $189 per square foot, for Summit Woods Crossing in Lee’s Summit, Mo., a nearly full 545,000-square-foot power center, taking its 2026 investment volume to $439 million.
A Mortenson-McCownGordon joint venture will build the ballpark and JE Dunn will develop the surrounding 85 acres, moving the Royals’ $3 billion Crown Center project toward a 2027 groundbreaking.
The Kansas City Chiefs and Hunt Midwest have formed a joint venture, Two-Point Development, to serve as master developer for mixed-use districts around the club’s new Kansas City, Kan., stadium and its future Olathe, Kan., headquarters.
Birmingham, Ala., had the highest net share of investor homebuyers of any major U.S. metro in 2025, according to Realtor.com, as cash-flow-focused investors favor affordable Midwest and Rust Belt cities over coastal markets.
A newly formed resident group has filed a 16-count lawsuit in Jackson County Circuit Court seeking to halt construction of Nebius’s AI data center in Independence, Mo., alleging the city secretly rezoned land and pushed through more than $150 billion in tax-abated bonds without proper notice.
Morgan Stanley Real Estate Investing acquired a newly built, 1.5 million-square-foot distribution facility leased to Ace Hardware in Kansas City for $158.5 million, in an off-market deal with developer Hunt Midwest.
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