REBusinessOnline

AMC Theatres Expects to be ‘Fully Open’ Globally in July

LEAWOOD, KAN. — AMC Entertainment Holdings Inc. (NYSE: AMC) plans to reopen almost all of its U.S. and U.K. theaters in July. The Leawood, Kan.-based movie theater chain has already reopened 10 theaters in Norway, Germany, Spain and Portugal, and expects to be fully open globally in July ahead of the release of Christopher Nolan’s Tenet on July 17 and Disney’s Mulan on July 24.AMC is working closely with local, national and international officials to coordinate timing and requirements …

AMC Theatres: ‘Substantial Doubt’ Exists Regarding Ability to Stay in Business

LEAWOOD, KAN. — AMC Entertainment Holdings Inc. (NYSE: AMC) says it has “substantial doubt" for its ability to remain in business after shutdowns due to the coronavirus. If the movie theater chain is not able to recommence operations within its estimated timeline, it will require additional capital. The Leawood, Kan.-based company temporarily suspended operations at all of its theaters through June and is generating no revenue. Even if governmental operating restrictions are lifted in …

Capstone Arranges $20M Sale of Three-Park Manufactured Housing Portfolio in Wichita, Kansas

WICHITA, KAN. — Capstone Manufactured Housing has arranged the sale of a three-park manufactured housing portfolio in Wichita for $20 million. The portfolio includes Lamplighter, Fishin’ and River Oaks. Each of the three communities includes a clubhouse, swimming pool and basketball courts. Kevan Enger, Ian Hilpl and Brian Hummell of Capstone represented the seller, Park Street Partners. A California-based operator purchased the

Building Momentum: How Public-Private Partnership Revitalized Downtown Topeka, Kansas

The city of Topeka has built significant momentum in the five years since its downtown revitalization. Capital investment and strategic planning at the city’s center had a reverberating effect across town, from the expansion of vocational-technical training to the growth of Kanza Fire Commerce Park. Public-private partnership The year 2015 was pivotal with a $9.4 million public-private investment in infrastructure and amenities along Kansas Avenue, the main downtown thoroughfare. The city …

Berkadia Arranges Sales of Six Multifamily Properties Totaling $72.6M

CHICAGO AND KANSAS CITY — Berkadia’s Mid-Markets Group has arranged the sales of six multifamily properties totaling 945 units for $72.6 million. The communities are located in secondary and tertiary markets across Illinois, Kansas, Missouri, Oklahoma, Arkansas and Idaho. Of the 945 units, 451 are located in the Midwest region. The properties include: Bowen Tower in Raytown, Mo.; Village Woods in Milan, Ill.; Brickstone at Woodland in Wichita, Kan.; Wilmington Apartments in North Little …

Wichita’s Downtown Revitalization Serves as Catalyst for New Projects

Wichita has been experiencing a strong downtown revitalization that has brought construction of new and redeveloped office, retail and mixed-use projects throughout its urban core over the past few years. Two years ago, companies began relocating downtown as shifting workplace demographics incorporated close proximity, “live, work, play” amenities in order to grow their businesses as well as attract and retain talent. Today’s businesses are seeking modern Class A finishes within …

Arbor Provides $13.7M in Acquisition Loans for Multifamily Properties in Wichita

WICHITA, KAN. — Arbor Realty Trust Inc. has provided three Fannie Mae loans totaling $13.7 million for the acquisition of three multifamily properties in Wichita. Arbor provided an $8.9 million loan for the acquisition of Kingston Cove Apartments. The 252-unit complex includes a fitness center, pool, volleyball court, clubhouse and boat dock. The 12-year, fixed-rate loan features a 30-year amortization. Arbor also provided $2.1 million for the purchase of Danish Village Apartments, a 78-unit …

Dougherty Mortgage Provides $2.3M Refinancing for Multifamily Building in Wichita

WICHITA, KAN. — Dougherty Mortgage has provided a $2.3 million Fannie Mae loan for the refinancing of Player Piano Lofts in Wichita. The 36-unit, market-rate multifamily building was originally constructed in 1901 and later renovated for residential and commercial use in 2015. The loan features a 12-year term and a 30-year amortization schedule. Player Piano Building LLC was the

Oak River Farms to Move Headquarters to City Center Lenexa in Kansas

LENEXA, KAN. — Oak River Farms is moving its headquarters from Louisiana to The District at City Center Lenexa. The agribusiness will occupy 4,595 square feet on the fourth floor of Penn II beginning this summer. Founded in 2016, Oak River Farms works within farming, land management and onsite storage of grain. Travis Gage of CBRE represented the tenant in the lease transaction. John Coe and Ryan Biery of Copaken Brooks represented ownership, Copaken Brooks. When fully developed, City Center …

KeyBank Provides $10M Construction Loan for Renovation of Affordable Housing Property in Wichita

WICHITA, KAN. — KeyBank Community Development Lending and Investment has provided a $10 million construction-to-permanent loan to Steele Properties for the acquisition and renovation of Shadyway Plaza in Wichita. Steele Properties, based in Denver, is a real estate investment company that acquires, rehabilitates and constructs affordable housing. Built in 1979, Shadyway Plaza serves elderly and disabled residents. The seven-story building includes 100 one-bedroom units, all of which are …

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