Real Estate and Development

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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 …

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Denny’s lands in Clive

Denny’s Corp. announced that within the next two years it will open 140 restaurants in Flying J Inc. travel plazas across the nation. It also plans to open about 50 restaurants over the next several …

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Howling Wolff LLC leases 2,000 square feet

Howling Wolff LLC has leased 2,000 square feet of flex space at 3171 99th St. in Urbandale. The tenant was represented by Eric Grubb with Stanbrough Realty Co. LLC. The landlord, Anderson Properties, represented itself.…

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Rusty Boggs leases 1,282 square feet

Rusty Boggs has leased 1,282 square feet of office space at 6750 Westown Parkway in West Des Moines. The tenant was represented by Jon Ledinsky with CB Richard Ellis/Hubbell Commercial. The landlord, West Lakes Investors …

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Kemin announces $30 million expansion project

Kemin Industries Inc. this morning announced a major expansion project that will triple the size of its southeast Des Moines headquarters campus and allow it to add nearly 100 employees within the next five years. …

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Housing starts indicate stabilizing market

Builders in the United States began work on more homes in September, a sign the real estate market was stabilizing at depressed levels heading into the recent upheaval in the foreclosure crisis, Bloomberg reported.

Housing …

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Urbandale Development Association names coordinator

Tiffany Coleman has been named the first economic development coordinator of the Urbandale Development Association (UDA).

Coleman, a certified economic developer, has been in the field for 12 years in both Dallas and Warren counties. …