Real Estate and Development

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Delinquent unpaid CMBS balance grows

The delinquent unpaid balance for commercial mortgage backed securities, or CMBS, loans increased by $1.94 billion to $61.11 billion in November from October, according to research by Realpoint LLC. The 3.3 percent jump followed a …

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Baird to lead JE Dunn office in West Des Moines

JE Dunn Construction Co. has named Shannon Baird vice president of operations, and she will lead the JE Dunn Iowa office in West Des Moines. She has more than 14 years of project management experience …

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Banking got personal, went bad


Dan and Tammy Stanbrough have something to say – a lot of things actually – and they all boil down to their deteriorating relationship with a lender.

They made many of their arguments in court …

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Foreclosures reduce number of homes that are ‘underwater’

The number of U.S. homes worth less than the debt owed on them dropped in the third quarter, largely because of mounting foreclosures rather than a rise in property values, Bloomberg reported after the release …

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Knapp to receive state’s top citizen award

William Knapp will receive the “Iowa Award” in a public ceremony in January, the Iowa Centennial Memorial Foundation Board said. The award, which represents the state’s highest citizen award, was established in 1948 by Governor …

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Dingel honored with Amy Jennings Award

Tyler Dingel, a senior associate with CB Richard Ellis/Hubbell Commercial, has received the 2010 Amy Jennings Young Professional of the Year Award from the Young Professionals Connection (YPC). Dingel, who is actively involved in the …

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Realtors: Local housing market ‘stable’

Homes in Des Moines sold last month for an average of $166,838, up $8,800 from October, according to a report by the Des Moines Area Association of Realtors (DMAAR). According to statistics compiled by the …

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Prairie Meadows to break ground on hotel

Prairie Meadows Racetrack and Casino will break ground on its new hotel at noon next Monday, Dec. 13.

The hotel will adjoin the Meadows Events and Conference Center. The hotel is budgeted to cost nearly …

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Makeover, sale of Court Avenue property planned

The former owners of Judge Roy Bean’s at 210 Court Ave. in Des Moines hope to remodel or sell the downtown property that housed their restaurant for 26 years.

The nearly 6,000-square-foot space has been …

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Goldman, Citigroup expected to sell commercial debt

Goldman Sachs Group Inc. and Citigroup Inc. hope to sell nearly $900 million in commercial-mortgage-backed bonds, Bloomberg reported.

Citing an unnamed source said to be familiar with the matter, Bloomberg reported that the $876 million …