Real Estate and Development

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Home sales slow to recover; unemployment benefits up

Sales of existing homes in the United States probably climbed in August to the second-lowest level on record, indicating housing remains depressed a year after the economic recovery began, economists said before a report today.…

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Rezoning request spurs Ingersoll Avenue discussion

The intended use of a proposed commercial building at 4223 Ingersoll Ave. may thwart Dan Stanbrough’s plan to move his project forward.

The developer wants the city of Des Moines to rezone that parcel to …

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MLK Brickstone II to start as first phase finishes

Hatch Development Group hopes to break ground on MLK Brickstone II, a 30-unit affordable-housing development at 1051 19th St., before winter weather impedes its progress.

“We’re trying to get the site work done before the …

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West Des Moines Warehouse planned

On Sept. 20, the West Des Moines City Council approved a site plan for DEGH LLC to construct an 11,350-square-foot mixed-use building at 1611 Fuller Road. According to city records, the Eggers and Ghrist Warehouse …

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Commercial Real Estate Expo scheduled

The 2010 Iowa Commercial Real Estate Expo has been set for Sept. 28 at the Sheraton West Des Moines Hotel. Nido Qubein will give the keynote address at the daylong event, which is slated to …

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AIA convention slated

The Iowa chapter of the American Institute of Architects’ (AIA) fall convention will concentrate on helping industries and businesses meet the needs of their clients in evolving architectural landscapes and changing market conditions. In addition …

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Residential, nonresidential construction going different directions

Housing starts in the United States increased more than forecast in August, a signal the industry is stabilizing, Bloomberg reports.

Builders broke ground at an annual rate of 598,000 homes, up 10.5 percent and the …

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GMAC mortgage brokers told to halt foreclosures in Iowa, elsewhere

Officials with Ally Financial Inc.’s GMAC Mortgage unit told brokers and agents to halt foreclosures on homeowners in Iowa and 22 other states, Bloomberg reported today.

GMAC Mortgage may “need to take corrective action in …

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Home builders remain dour

Home builder sentiment held steady in September, according to a survey released today that also pointed to a still-weak housing market, Reuters reported. The National Association of Home Builders/Wells Fargo Housing Market Index was unchanged …

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Grimes’ plan lays out vision for the future


With the adoption of a new comprehensive plan, the work of implementing the city of Grimes’ long-term vision can begin.

On Sept. 14, the Grimes City Council voted unanimously to approve the 113-page document, which …