Commercial Real Estate 2005
Easing Into The Future
For the first time in the five years that Ingram’s has been hosting the Industry Outlook, all sectors of the local commercial real estate market—office, retail and industrial—reported forward progress.
For this year’s Industry Outlook, nearly 20 of the area’s leading commercial realtors joined us at Ingram’s new offices in the entirely hot Crossroads District north of Union Station, a neighborhood in which you couldn’t give real estate away just 10 years ago.
Resisting the aroma drifting across the street from Fiorella’s Jack Stack Barbecue, the group got to work assessing the challenges the industry faces and weighing the opportunities. Sponsoring the event was RED Development, represented by Dan Lowe and Bucky Brooks of First Scout Realty Advisors.
As an introductory question, the group was asked to cite the single greatest challenge facing the growth of the Kansas City market. The answers ranged widely.
For Tom Turner of Collateral Mortgage, the issue is an ironic one, specifically that there is more money available in the marketplace for real estate than there is good information on how to obtain that money. “Everyone’s chasing it,” Turner says, “and trying to keep everybody on track is pretty challenging.”
(front row seated, left to right)
(back row left to right)
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