Real Estate and Development

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Corigliano’s Pizza leases 4,136 square feet

Corigliano’s Pizza has leased 4,136 square feet of retail space at Wakonda on Fleur at 4249 Fleur Drive in Des Moines. The tenant was represented by Carson Hughes of Terrus Real Estate Group LLC. The …

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Home sales up slightly in September

Home sales increased slightly in September, with a 3 percent increase in contracts closed, according to the Des Moines Area Association of Realtors (DMAAR). However, 320 fewer contracts were closed than in September 2009.

“For …

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Bank of America sues developer for $9.6 million

Bank of America Corp. is seeking $9.6 million from a development company connected to Ankeny businessman Dennis Albaugh. The lender says it is owed that amount on an $11.5 million loan it made in 2008 …

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Economy intimidating home buyers

Sixty-three percent of American adults say they are less likely to buy a house because of the current state of the economy, according to a new national survey by FindLaw.com. About a quarter of the …

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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, …

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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 …

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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 …

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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 …

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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. …

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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 …