Gray's Station | Renewable Fuel Standard | Tej Dhawan | Marsh
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Business Record
Thursday AM Daily | July 6, 2017
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City planners to Hubbell Gray's Station project: No, no and no 
By Kent Darr | Senior Staff Writer

Read to the bottom of today's Business Record AM Daily and you will find a link to a story I wrote about Hubbell Realty Co.'s plans to turn more than 80 acres of weeds, scrub trees and abandoned railroad and industrial sites into a mixed-use residential development called Gray's Station.

It's an ambitious plan that calls for apartment buildings, single-family residences, smaller-scale missing middle housing that bridges that gap between single-family and apartments, lots of green space and a conservation wetland that would replace aging stormwater basins.

It has a lot of wow factors, some elements that recall neighborhoods of the past (read this Business Record Insider article), and the promise to link Gray's Station to Gray's Lake and Water Works Park. Pedestrian and bike paths would interlace the development. The plans are attention-grabbing.

Continue reading about zoning issues that the Gray's Station project faces. Read more

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NEWS BRIEFS

Dhawan named senior adviser of Next Level Ventures
Des Moines-based venture capital firm Next Level Ventures announced that Tej Dhawan will assume the role of senior adviser. Dhawan is involved in Plains Angels and the Iowa AgriTech Accelerator, and is a partner with the Urbandale-based Entrepreneurial Technologies. His roles with those groups will not change due to his new position, where he will provide input on investment and portfolio-building decisions.

Marsh names new CEO
Marsh & McLennan Companies Inc. announced the appointment of John Doyle as CEO of Marsh, its insurance brokerage and risk management subsidiary, effective immediately. Doyle succeeds Peter Zaffino, who has accepted a leadership role at AIG. Doyle was appointed president of Marsh in April 2016. As president and CEO of Marsh, he will continue to oversee the firm's global brokerage businesses while assuming responsibility for Marsh's Global Risk & Specialties, portfolio businesses and operational functions. Marsh has an office in Urbandale.

EPA steps back biofuel commitment, holds ethanol steady
The EPA proposed its new Renewable Fuel Standard on Wednesday, and while the commitment to corn ethanol remained steady from previous standards, biodiesel and cellulosic biofuels saw their support walked back, The Des Moines Register reports. While retaining current corn ethanol levels drew praise from industry and political leaders, the biofuel rollback did not receive as warm of a welcome. "I commend the Trump administration for its commitment to keeping the Renewable Fuel Standard at the level set by Congress," Gov. Kim Reynolds told the Register. "But I am disappointed biodiesel levels are not higher."

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THE INSIDER NOTEBOOK
How is social media influencing your news digestion?  
BY CHRIS CONETZKEY: More and more people are consuming news - or perhaps news headlines - via their social platforms rather than directly perusing a website, magazine or newspaper. One thing I've been thinking a lot about is how consuming news based off social channels that you select frames your perception of news events. Read more

MORE NOTEBOOK ITEMS: Read more Insider bits and bites of the finer side of Iowa business. Insider Notebook

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YESTERDAY IN CRE WEEKLY
Hubbell heading toward deadline for Gray's Station 

In a little more than a month, Hubbell Realty Co. needs to decide whether to close on a deal to buy 75 acres of abandoned railroad and industrial land south of Martin Luther King Jr. Parkway or allow the property to continue to be overrun by weeds and scrub trees. Read more

MORE INSIDER CONTENT: See all Business Record Insider content. Insider News

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NEWS BRIEFS

Amish farmers square off against Big Organic in milk battle
Washington Post: The small town of Kalona, Iowa, has become a landmark in the organic-farm movement, and it has nothing to do with foodies or hippies. Instead it has been Amish farmers who have helped develop one of the densest clusters of organic farms in the United States. More than 90 operations certified by the Agriculture Department have emerged within a 10-mile radius, producing, among other things, corn, soybeans, eggs and, perhaps most important, milk.

Hobby Lobby to forfeit smuggled Iraqi antiquities
NPR: Hobby Lobby has agreed to pay a $3 million fine and forfeit thousands of ancient clay tablets and other artifacts that were smuggled into the United States with improper labels.

U.S. jobless claims rise for third straight week
Reuters: The number of Americans filing for unemployment benefits unexpectedly rose for a third straight week last week, likely as some automakers closed assembly plants for the annual summer retooling.

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ONE GOOD READ
When the boss wants you to do something unethical 

The New York Times: Maybe you're asked to mislead a customer. Maybe you're told to lie to a client, or take a shortcut you know would produce an inferior product. When your boss puts you in a situation that compromises your ethics, none of the options seem particularly great. Go along with the unethical behavior and you become complicit. Report it to a higher-up or outside organization and you could face retaliation. But it's certainly possible to raise your concerns without harming your job status or relationships at work. Here's what you might consider before airing your complaints.Read more
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KCCI TOP STORIES

Iowa DHS may add more adoption oversight after deaths 
Iowa officials may add new rules to oversee adoptions in the state after two adopted teen girls died in the past year. The Des Moines Register reports the state Department of Human Services may require families that receive state financial aid for adoptions to document annual doctor visits for their kids. The Department's new director, Jerry Foxhoven says requiring the yearly checkups will add another layer of oversight to the state's child welfare system for adopted children. Read more

MORE KCCI: Get more local news from our partners at kcci.com

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The Iowa Index is an unweighted average of all 23 Iowa-based public companies. Below is a live look at those 23, plus 14 additional companies with large operations in Iowa.
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