The annual CBRE/Hubbell Commercial real estate market survey has been around for 16 years, and the arrival of a new kid on the block isn't going to change that.
Xceligent Inc., which has provided private listing services in Greater Des Moines since 2003, announced earlier this year that it would begin providing a quarterly review of commercial real estate trends after the second quarter, which ended Sunday.
CBRE/Hubbell Commercial is participating in the review process Xceligent uses to compile its market data.
That aside, the brokerage sees no reason to pull the plug on a comprehensive annual survey that has been a go-to resource for bankers, lawyers, developers and brokers, said CBRE/Hubbell Commercial Managing Director Kyle Gamble.
"Our clients like it, they use it, they trust it," he said.
Hubbell Realty Co.'s participation in the annual American Heart Association walk also has become a local tradition. This year, the company mustered a swarm of more than 600 walkers, including family, friends and clients, for the walk and raised $53,000, exceeding its targets for number of walkers and dollars raised.
As a reward to its staff, Hubbell will close over the July Fourth weekend.