Real Estate and Development

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Ladco grows with regional medical projects


A year and a half ago, if Jon Garnaas was asked about the types of new projects Ladco Development Inc. was targeting, he would have listed several classes of commercial properties.

For the past 12 …

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Case closed on a Regency bailout loan


A Polk County judge dismissed a lawsuit earlier this month that was filed to salvage funds from a $25 million loan that was issued in 2007 to save the state’s largest housing contractor.

The Regency …

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Cross-border CRE investments up

Out of $132 billion in global commercial real estate investment in the first half of 2010, 43 percent involved cross-border activity, International Business Times reported.
 
That’s up from 31 percent in the first half …

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REITs ramp up

As the commercial real estate market continues to struggle, real estate investment trusts (REITs) are standing out, CNBC.com reported.
 
REITs raised $34.7 billion in 2009, according to the National Association of Real Estate Investment …

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Rehabbers seek historic nominations

The Des Moines Rehabbers Club is seeking nominations for its “Most Endangered Buildings” list. This is the third year the club has put together the list, which is intended to inspire discussions about the importance …

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CRE lobbyists spend more

A Washington, D.C.-based real estate group is spending more to lobby federal officials on behalf of the commercial property owners it represents. Bloomberg reported that the Real Estate Roundtable spent $930,000 on lobbying in the …

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Construction spending down

Spending on commercial property construction in the United States is expected to drop 14 percent this year, The Wall Street Journal reported. As demand for office and retail spaces remains far below pre-recession levels, and …

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Housing market on upswing in August

Written contracts were up and days on the market for houses were down in the month of August, according to statistics released by the Des Moines Association of Realtors yesterday. Contracts written were up 8 …

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Iowa Finance Authority gives grant for homeownership education

The Iowa Finance Authority (IFA) announced yesterday that it has approved a $44,000 grant to the Iowa Home Ownership Education Project (IHOEP). IHOEP will use the funds to support its grant program for nonprofit agencies, …

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R&R Realty opts to remodel Three Fountains


R&R Realty Group is remodeling its Three Fountains Office Park at 42nd Street and Westown Parkway in West Des Moines as the economic downturn continues to stall new development opportunities.

The company is self-financing the …