Real Estate and Development

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Sales of existing homes increased in September

Existing home sales climbed for the second month in a row in September, fueling hopes that a housing recovery is under way, CNNMoney.com reported. Sales of previously owned homes rose 10 percent to a seasonally …

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First units sold in Brownstones build-out


The first of four buildings that will make up Hubbell Realty Co.’s Riverwalk Brownstones will be completed by the end of November, representing a slight departure in design and cost from their conceptual cousins, the …

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‘Unexpected’ elements flow in Aviva headquarters


When Jason Crist visited the Aviva USA headquarters that he helped design during the building’s grand opening last week, it was the small details that caught his eye.

“It’s probably one of the neatest parts …

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ISU professor strives for ‘Access for Everyone’


Iowa State University professor of architecture Arvid Osterberg knows there’s a long way to go for his cause.

That hasn’t stopped him from having an unusual career goal: becoming obsolete.

“I guess in a way …

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Changing the architectural game plan


BSB Design Inc. is looking at demand for its architectural services with a nod to a W.I.N.K.

Other firms might do the same during a tight economy in which developers are locked in a “risk …

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General Growth to emerge from bankruptcy

General Growth Properties Inc., the nation’s second-largest shopping mall owner, is expected to emerge from bankruptcy around Nov. 8. The Chicago-based may then focus its attention on a $2.25 billion stock sale to raise capital. …

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Increased design billings could signal recovery

Billings by U.S. architects rose in September for the first time in almost three years, Bloomberg reported.

The Architecture Billings Index increased 2.2 points to 50.4 in September, marking the first gain in fees since …

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FDIC looks to CMBS market

The Federal Deposit Insurance Corp. (FDIC) is working on a new way to sell bank-owned real estate assets as more banks fail due to distressed commercial real estate loans, The Wall Street Journal reported.

The …

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Community Choice under construction

Community Choice Credit is constructing a 7,455-square-foot building at 818 Eighth St. S.W. in Altoona. In July, the Altoona City Council approved a site plan for the 1.49-acre parcel. The financial institution plans to relocate …

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Tursi picks up permit for brewery

Tursi Brewing Co. was granted a conditional use permit by the Des Moines Zoning Board of Adjustment to allow for 20,000 square feet of an existing building at 1401 Thomas Beck Road, as well as …