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Kansas City Business Journal
KU Health asserts itself in Southern JoCo with new $90M campus
The University of Kansas Health System’s $90 million clinic and surgery center in Southern Johnson County, which opens next week, ramps up services in an increasingly populated and competitive market for patients. <\p> “This location is important because there's a lot of growth in this area,” KU Health COO Tammy Peterman said. “Although we have other ambulatory services in Southern Johnson County, this is a large footprint for us and also an opportunity for us to continue to grow those services.” <\p>
9 local ZIP codes make inaugural Wealthy 1000 list
Nine local ZIP codes broke into a new ranking of the nation's 1,000 wealthiest places, and 64113 leads the way.<\p> That's according to The Business Journals Wealthy 1000, a new proprietary ranking of the America's wealthiest ZIP codes based on a weighted formula that looks at a number of wealth-related metrics.<\p>
$41M project could bring more affordable housing to KCK
A plan to develop a slew of factory-built homes could pave the way for more attainable housing in Kansas City, Kansas. <\p> Developer Eric Domino with Burcham Residential intends to create 166 factory-built homes on 138 Land Bank lots across more than a half-dozen neighborhoods.<\p>
Bicknell-backed company rolls up another plumbing biz
Kansas City-based CopperPoint LLC, backed by the Bicknell family, made the third acquisition in its plan to roll up plumbing and HVAC companies nationwide.<\p> The company now owns Quality Plumbing, Heating, Cooling and Electrical, founded in 1985 and based in Sevierville, Tennessee. Quality Plumbing employs 115 professionals and handles commercial and residential plumbing, sewer, heating, cooling and electrical services. The deal with CopperPoint enables Quality Plumbing to expand service and coverage in the Knoxville and Morristown areas in Tennessee. <\p>
Is Kansas City's housing market overvalued or undervalued?
Soaring home prices in the Kansas City metro are still within the median buying power of local residents. <\p> That's according to data from First American Financial Corp., which found the housing markets in about half of the nation's major metros are overvalued compared to local buying power.<\p>
Popular Tex-Mex restaurant abruptly shutters final KC-area location
A popular Country Club Plaza restaurant permanently closed its doors this weekend after more than decade of serving Kansas Citians and Tex-Mex food lovers around the metro.<\p> Chuy's, a restaurant known for its fresh salsa and its infamous "big as yo' face" burritos, unexpectedly terminated its operations over the weekend with no warning or formal announcement besides an automated voice line describing the closing when calling the restaurant's number and a sign taped to the front door that said:<\p>
Cooling EV demand prompts Panasonic to rethink growth strategy
Panasonic is rethinking its strategy to ramp up battery production capacity amid slow electric-vehicle sales in the U.S.<\p> The manufacturer previously set a goal to quadruple battery cell production capacity to 200 Gigawatt hours (GWh) and triple its revenue to more $19 billion by March 2031. <\p>
These are the 2024 CFO of the Year honorees
Twelve honorees were picked this year for the Kansas City Business Journal’s CFO of the Year Awards, which recognizes top financial officers in the Kansas City metro.<\p> A panel of judges picked the honorees and looked at aspects such as company tenure, what they’ve done to move the needle in recent years at their company and community involvement. Both for-profit and nonprofit financial officers living and working in the Kansas City metro were considered. KCBJ defines the metro area as Jackson, Cass, Clay, Ray and Platte counties in Missouri, and Johnson, Wyandotte and Leavenworth counties in Kansas.<\p>
Area public company names new CFO to go with new CEO and COO
With a change of its chief financial officer, Compass Minerals International has changed out three of its top executive offices this year.<\p> The Overland Park-based company said Friday that it had promoted Jeffrey Cathey from chief accounting officer to CFO. Cathey, who joined the company in December, succeeds Lorin Crenshaw in the position.<\p>
Graves Garrett Greim adds new partners
Kansas City-based Graves Garrett Greim LLC promoted Aaron Craig and Joe McGroder to partner and named Chandler Carr counsel at the firm. <\p> Craig is a 15-year veteran attorney with experience handling complex civil litigation, including product liability, class-action and general tort matters. He joined Graves Garrett Greim in April and has experience working for McDowell Rice Smith & Buchanan PC, Lathrop GPM, PEAK Litigation LLP and Shook Hardy & Bacon. He clerked for Judge Gary Fenner in the U.S. District Court for the Western District of Missouri after earning a law degree from Creighton University.<\p>
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