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Kress Energy Center sells to local investors

For years, Minnesota investor Steve Cheney says he hung onto the Kress Energy Center at the northwest corner of Douglas and Broadway because of its parking lot, which was key to making the nearby Exchange Place apartment project work. Now, other developers are proceeding with that project and putting in a

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Xtreme Racing to open at Brittany Center

  Screenshot of website Courtesy of xtremetulsa.com There’s a new tenant for the former Hobby Lobby space at Brittany Center at 21st and Woodlawn, and it’s about as opposite from a home and craft store as it can be. Xtreme Racing & Entertainment is taking the 55,000-square-foot space. “It really is

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Marriott TownePlace Suites sells from one Wichita group to another

The Marriott TownePlace Suites at K-96 and Webb Road has sold. Craig Smith’s MSS of Wichita sold the property to TGC – TPS Wichita, a subsidiary of Wichita-based TGC Development Group led by Nick Esterline.  “We are excited to own and manage such a well-established hotel,” Esterline said in a statement. His

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Investment strategy: Investors turning to property acquisition

Investment properties in Wichita’s commercial real estate market are a hot commodity, so much so that demand is exceeding supply. The commercial real estate market is an increasingly popular investment strategy amid stock market volatility and prolonged low interest rates, say local brokers who have

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