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Group RMC Purchases Corporate Woods in Largest Deal in KC Metro This Year

Company’s Acquisition of 2.2 Million-SF Office Park in Overland Park Boosts Location Holdings to More Than 3 Million

Group RMC Corp., a New york city-and Montreal-based co-investment group that supervises more than nine million square feet of business space valued at roughly $1 billion, made its 2nd ever investment in the Kansas City market count with the purchase of Business Woods, a 2.2 million-square-foot, 29-building workplace park located in Overland Park, KS.

Kansas City’s premier office park, Corporate Woods is found on 300 acres in the southeast quadrant of the I-435/ U.S. Path 69 interchange in south Kansas City’s College Blvd. submarket.

Group RMC got the park from Stoltz Property Partners, a property fund supervisor based from rural Philadelphia that purchased the portfolio more than decade ago from New york city State Educators’ Retirement. The acquisition consists of 21 structures and The Shops at Corporate Woods retail center – the other 7 structures, consisting of a DoubleTree Hotel, are separately owned.

The acquisition is the largest in the Kansas City urbane this year and the biggest because Taubman Centers and The Macerich Co. collaborated in early 2016 to get the Country Club Plaza in Kansas City for $660 million.

Group RMC made its entry into the Kansas City market last year with the firm’s acquisition of a seven-property office portfolio, likewise in Overland Park, from Colony Realty Partners for $94 million. The two acquisitions give the firm ownership of more than three million square feet in the Kansas City suburb.

Block Property Services acted as a consultant in the transaction and has actually been kept to supply unique leasing and property management obligations on behalf of the brand-new owner.

For additional information on the deal, please see CoStar Compensation # 3976035.

Tiger Woods has second back surgery, out till next year


Darron Cummings/ Associated Press

Tiger Woods points in the direction of his drive on the 11th hole during the second round of the Memorial golf tournament Friday in Dublin, Ohio.

Friday, Sept. 18, 2015|6:53 p.m.

With his game ailing, Tiger Woods revealed he underwent a second microdiscectomy surgical treatment on his back.

“This is definitely frustrating, but I’m a competitor,” Woods stated. “I have actually been told I can make a complete recovery, and I have no doubt that I will.”

Woods made the announcement on his site– www.tigerwoods.com– and reported the microsurgical procedure– meant to ease discomfort from a pinched nerve– was performed late Wednesday in Park City, Utah, by neurosurgeon Dr. Charles Rich. Woods took out of 3 occasions he planned to play this year and isn’t expected to return to the tour up until January at the earliest.

Dr. Rich, who carried out the preliminary operation in March 2014, called it “a complete success.” Woods was released Thursday.

The 14-time significant champ hasn’t won one of golf’s 4 biggest events considering that the 2008 U.S. Open. Woods also has won more than 100 occasions around the world, however none given that the 2013 WGC-Bridgestone Invitational.

Woods canceled planned appearances in the Frys.com Open at Silverado in California and the Bridgestone America’s Golf Cup in Mexico City next month and his own Hero World Difficulty in the Bahamas in early December.

“I wish to send my regrets to Frys and all those connected with the America’s Golf Cup … I will be attending my foundation-hosted Hero World Difficulty however won’t have the ability to play,” Woods said.

After experiencing remaining pain in his back and hip, Woods chose to have surgical treatment quickly in hopes of returning to the PGA Trip early in 2016, or as quickly as possible. He is scheduled to start rehabbing within a week.

“I value the fans’ issue and support,” he said. “This is regrettable, however these things happen. I have actually been hurt before and played again. It won’t be any various this time.”

In his last competition, Woods had a season-best 10th-place tie late last month in the Wyndham Champion in North Carolina. He played just 11 events this season, missing out on four cuts and withdrawing once, and has dropped to 283rd worldwide ranking.