Real Estate and Development

DSC 6869

Freeze on foreclosures could cut sales of distressed properties

A halt in home foreclosures at the largest U.S. mortgage firms may sideline buyers worried about legal issues, further depressing sales at a time when distressed properties account for almost a quarter of all transactions, …

12624

Taking stock of the downtown condo market


If you’re a browser, you’re a tire kicker, unless you’re Greater Des Moines businessman Tim Formanek. He’s browsing for a condominium. Real estate agents would describe him as a mechanic.

Formanek has spent about four …

12635

Incentive may help DRA land anchor tenant in Ankeny


The city of Ankeny is considering a development agreement that would give a local company an incentive to stick around.

Quality Automation Graphics, which has outgrown its facility at 1605 N. Ankeny Blvd., plans to …

DSC 6869

Office rents show signs of stabilization

Downward pressure on office rents is easing, a sign that the U.S. commercial real estate market may be poised for recovery, The Wall Street Journal reported.

Effective rents on approximately 4 billion square feet of …

DSC 6869

Zoning change sought by hotel developer

On Thursday, the Des Moines Plan and Zoning Commission will consider a rezoning request that would allow for the construction of two hotels in Gray’s Lake Office Park.

South Dakota-based Quest Development & Construction Inc. …

DSC 6869

Des Moines ranked among ‘most attractive metros’

Area Development magazine named Des Moines one of the “Most Attractive Metros for Business” in its August/September issue. In a survey, industry consultants were asked to consider eight site-selection criteria, including business costs, fast-track permitting …

12620

City hopes to update zoning ordinance


As the summer of 2010 wound down, the city of Des Moines submitted an application to the U.S. Department of Housing and Urban Development for a $1.75 million grant to be used toward updating its …

DSC 6869

Planning for the future


For the last 17 years, the West Des Moines comprehensive plan has been a document changing with the demands of development.

“We were moving along pretty well, and then a little project called Jordan Creek …

12618

New office buildings ‘LEED’ way to Gold certification


Wellmark Blue Cross and Blue Shield’s new corporate headquarters stretches across three blocks of downtown Des Moines, but the 603,000-square-foot complex is designed to leave a relatively small footprint on the environment.

Wellmark officials expect …

DSC 6869

Real estate woes as an opportunity


Consultant Peter Mosca brought a silver lining with him to West Des Moines. Speaking last week at the 14th annual Iowa Commercial Real Estate Expo, he suggested that, although the industry’s bad news is far …