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Kansas City Business Journal
Here's how the U.S. could make it to KC in the 2026 World Cup
Kansas City now knows how the U.S. Men's National Team could play a quarterfinal game at GEHA Field at Arrowhead Stadium with FIFA's release of the 2026 World Cup schedule.<\p> In February, FIFA announced that Kansas City would host six games, including a quarterfinal match — over the course of nearly a month in summer 2026. FIFA released its games schedule on Wednesday. The schedule identifies only the starting point and potential destinations for the host nations: the U.S., Canada and Mexico. The other 45 teams in the tournament will be fixed once qualifying concludes.<\p>
The Playbook: The common pay threads for high-performing companies
Editor's Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business and career. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> During a time when more workers expect transparency around pay, most top-performing companies are proving to be forthcoming — but that's not the only common thread. <\p>
Redevelopment of historic KC Star offices wins PACE financing
An ongoing redevelopment of The Kansas City Star's former brick newsroom has scored new financing to assist with energy efficient improvements.<\p> Grand Place, an office and mixed-use remake of the historic former newspaper building at 1729 Grand Blvd., in late May closed on a $21.8 million loan through the Show Me PACE program. The estimated $95 million project has been in the works by 3D Development since 2018, when the Star left. It becomes the largest project to take part in the statewide clean energy program since its establishment in 2015, according to a recent release.<\p>
KC banker is finalist for 'American Banker' award
NBKC Bank Chief Technology Officer Scott Ramon is one of 20 finalists across the U.S. hoping to win the American Banker Innovator of the Year Award. <\p> The annual award recognizes people who are leading innovation in banking and financial technology. The finalists have all “driven initiatives that substantially benefitted consumers, their businesses and the banking sector, while demonstrating exemplary leadership, teamwork and personal ambition.” <\p>
NAR settlement threw a wrench into VA loans but a fix is coming
The class-action lawsuits that rocked the residential real estate industry over the past year have resulted in nearly $1 billion in settlements so far — and also put in place changes that could have hurt veterans’ ability to shop for homes.<\p> The National Association of Realtors and big brokers such as RE/MAX Holdings Inc., Anywhere Real Estate Inc. and Keller Williams Realty Inc. agreed to prohibit mandatory so-called “cooperation agreements,” in which sellers pay both the selling agent and the buyers agent commission for a sale, in exchange for being allowed to list a home on a multiple listing service.<\p>
Former Salvation Army building in Midtown may dodge wrecking ball
A 101-year-old Midtown building that has housed a range of tenants, most recently including the Salvation Army, appears on track to stay intact amid a monthslong push among Old Hyde Park neighbors to save it from demolition.<\p> Pre-demolition permit activity for the Carmen Building at 101 W. Linwood Blvd., and resulting social media backlash, in late February led the Old Hyde Park Historic District neighborhood association to nominate the property to the Kansas City Register of Historic Places, the Kansas City Business Journal first reported. Owner Paramjeet Sabharwal at the time said the building was regularly vandalized and would be torn down for a future multiuse project, though no plan has been filed.<\p>
Prairie Village architecture firm upgrades to larger office
After more than two decades in the Bank of Prairie Village building, NSPJ Architects will move to a new, larger office in July.<\p> The Prairie Village firm will relocate to 9415 Nall Ave., which is near Meadowbrook Park. NSPJ Co-Presidents Tim Homburg and Clint Evans needed a bigger space to match the company's growth.<\p>
KC marketing company sees another CEO depart, names new leader
A Kansas City-based marketing company named a new top executive after its CEO departed from the company in May — the second CEO to exit in five months. <\p> Kevin Sherlock, the company's executive chairman of the board, will take over as CEO, he confirmed in an email to the Kansas City Business Journal. <\p>
Crown Center pop-up lets students try on entrepreneurship
A new women’s pop-up boutique in Crown Center is giving middle and high schoolers a first-hand look at entrepreneurship.<\p> “We didn’t want this to be where the adults really do everything, and the girls are here just straightening the clothes,” The Nia Project founder Terri Barnes said.<\p>
WeWork emerges from bankruptcy, appoints new CEO
After filing for bankruptcy protection in November, New York-based WeWork Inc. said Tuesday it has emerged from Chapter 11 and completed its operational and financial restructuring.<\p> The coworking giant's new era will include a new board of directors and a new chief executive. John Santora will become WeWork's new CEO, effective Wednesday. Santora joins WeWork from commercial real estate firm Cushman & Wakefield PLC (NYSE: CWK), where he most recently served as the firm’s Tri-State chairman.<\p>
Plans advance for 260 apartments in Mission
After several months of discussion, plans are moving forward to develop hundreds of new apartments in downtown Mission. <\p> Indianapolis-based Milhaus Development wants to create the Mission Beverly Apartments on eight land parcels spanning about 4 acres near Martway Street and Beverly Avenue.<\p>
Leawood firm's acquisition adds $225M in assets
Leawood-based The Retirement Planning Group (TRPG) acquired Lee Financial Group Hawaii for an undisclosed amount, adding about $225 million in assets under management. <\p> TRPG is the employee-based registered investment adviser (RIA) business of San Diego-based Cetera Financial Group, which had about $505 billion in assets under administration and $213 billion in assets under management as of March 31. Cetera Financial's parent group, Cetera Holdings, acquired TRPG in June 2023 and has been building its RIA business around it ever since. <\p>
Home associated with under-fire Grain Valley CEO lists for $2.5M
A mansion for sale in one of Kansas City's wealthiest ZIP codes is associated with Brad Carlson, a Grain Valley businessman whose companies are in receivership and who filed for personal bankruptcy. <\p> The house at 4963 Ward Parkway in Kansas City is listed for $2.5 million by ReMax Innovations. Although Carlson's name is listed on Jackson County property records, the seller is Chapter 7 Trustee Jill Olsen. The sale is part of Carlson's personal bankruptcy proceedings. Carlson filed for personal bankruptcy on Feb. 29.<\p>
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