Real Estate and Development

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Global CRE investments rise

Globally, direct commercial real estate investment is expected to total $300 billion in 2010, a 40 percent to 50 percent increase from 2009, Jones Lange LaSalle said.

As global markets strengthened, investment volumes in the …

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China implements new measures to quell boom

In an effort to curb rising real estate prices, China plans to introduce a trial property tax in some cities before expanding the levy to the entire country, Bloomberg reported.

The state has also extended …

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GDCDA to hold open house

On Oct. 1, the Greater Dallas County Development Alliance will host an open house to celebrate its new location at 9325 Bishop Drive, Suite #125, West Des Moines. It will take place from 9 a.m. …

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USGBC announced new award

On Tuesday, the U.S. Green Building Council (USGBC) announced a new award in recognition of Mayor Richard M. Daley’s leadership in making Chicago one of the most environmentally friendly cities in the nation. The Richard …

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ICREA Expo panelist shares take on distressed assets

Dealing with distressed assets was a highlight of Tuesday’s “Following the Fallout” panel discussion during the 2010 Iowa Commercial Real Estate Association Expo.

Chuck Hendricks, a vice president and senior asset manager with Overland, Kan.-based …

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Equitable Building sold to lender

The Equitable Building was sold today at a Polk County sheriff’s sale for $2.8 million. The winning bid was tendered by Great Southern Bank.

On April 30, 2009, Vantus Bank, which last September was closed …

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Millang: Broker, investor, traveler, mentor


Todd Millang’s rugged appearance is more expressive of an outdoorsman than of a high-powered commercial real estate broker who represents high-profile clients.

But don’t let the tousled brown hair and a wiry beard fool you. …

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Major Pioneer expansion good to go


The Johnston City Council has approved a development agreement that clears the way for construction of a $40 million research facility at Pioneer Hi-Bred International Inc.

Under the agreement, the city will provide tax increment …

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Former Saturn of Des Moines property sold


RJW LLC, a limited liability corporation managed by Rich Willis, has purchased the former Saturn of Des Moines dealership property at 9900 Hickman Road in Clive.

Polk County land records show that RJW paid $2.9 …

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Home supply down amid flat sales

In August, the supply of houses on the market fell to its lowest level in 42 years as new single-family home sales were flat, Reuters reported.

Falling short of analysts’ expectations that home sales would …