Real Estate and Development

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City approves funding for Anawim housing project

The Des Moines City Council last week approved a $1.7 million loan to Anawim Housing, to be used for the construction of 16 housing units just east of the Drake University campus in a partnership …

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Low home values leave unemployed execs stuck in place


A drop in home values is forcing out-of-work executives and managers to look for jobs close to home, according to a survey.

Outplacement firm Challenger, Gray & Christmas Inc. said 6.9 percent of those employees …

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Sometimes, real estate can be a game of inches


To proceed with the rehabilitation of the Sealy Mattress Building, a major project that is expected to create 91 apartments, Hubbell Realty Co. first had to acquire a slice of right of way just a …

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Mid-Iowa Council to build $10.6 million service center


The Mid-Iowa Council of the Boy Scouts of America (BSA) plans to build a state-of-the-art Scout center in Des Moines that will serve the regional training needs of Scouting leaders as well as offer free …

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Medical building takes a bite out of Altoona


An owner of Medicap Pharmacy franchises in Central Iowa has teamed up with a Newton dentist to construct a medical office building in Altoona that will house their businesses.

Greg Johansen, whose GRX Holdings LLC …

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A land of opportunity in the middle of the Pacific


From what Glenn DeStigter understands, some of the most exciting vacation spots on the planet are within a four-hour puddle jump from Guam. He wouldn’t know about that. He does know it is an island …

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Low relocation rate could slow recovery

The percentage of unemployed managers and executives relocating for new positions fell to a record low in the third quarter due to a slightly improved job market and declining home values, according to a report …

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Wells Fargo to file supplemental foreclosure affidavits

Wells Fargo & Co., the largest U.S. home lender, said it will file supplemental foreclosure affidavits to courts in about 55,000 proceedings after finding that some statements “did not strictly adhere to the required procedures,” …

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Federal Home Loan Bank assets drop

The Federal Home Loan Bank of Des Moines announced today that it recorded net income of $39.7 million and $83.2 million during the three and nine months ended Sept. 30, compared with net incomes of …

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Quality Automation to be first tenant for Prairie Trail

Quality Automation Graphics will become an anchor tenant for the first office building in Vintage Business Park at the Prairie Trail development in Ankeny, the property’s developer, DRA Properties LC, announced Tuesday. The Ankeny-based technology …