Archive for September 2007
Foreclosures up 36 percent
A total of 243,947 foreclosure filings, which includes default notices, auction sale notices and bank repossessions, were reported in August, up 36 percent from the previous month and 115 percent more than August 2006, according …
Read MoreIowa Commercial Real Estate Expo will take place Oct. 2
The 11th annual Iowa Commercial Real Estate Expo will take place Oct. 2 at the Sheraton West Des Moines.
Author and business strategist Chuck Martin is the keynote speaker.
For more information, visit www.iowacommercialrealestateexpo.com or …
Commercial sector has a healthy outlook
The commercial real estate market is sitting on a solid foundation.
According to a news release from the National Association of Realtors, the commercial sector is enjoying low vacancy rates and healthy rent growth across …
Three West Des Moines hotels purchased
Moody National Cos., a Houston-based commercial real estate firm, has bought three West Des Moines hotels from Raleigh, N.C.-based Concord Hospitality Enterprises Co.
The SpringHill Suites Des Moines West, 1236 Jordan Creek Parkway, the West …
The Ramada Inn Northwest will receive an estimated $12 million in upgrades
The Ramada Inn Northwest will receive an estimated $12 million in upgrades.
The hotel, at 5000 Merle Hay Road, Urbandale, is planning for a new restaurant and bar, conference center and water park.
In addition, …
More commercial space coming to downtown Bondurant
Ground could be broken on a new 20,000-square-foot building in downtown Bondurant.
An estimated $1.5 million will be spent on the building, which will house 13 retail bays. The building will be on the corner …
Culver: Announcement close on new wind-energy project
Gov. Chet Culver says he expects to announce at least one major new wind-energy project for Iowa soon.
During a conference call with reporters this morning from Husum, Germany, Culver said he hopes to make …
West Des Moines property sold for $5.35 million
1031 Meadow Chase Apartments LLC has agreed to purchase Aspen Square Management’s multi-unit housing property in West Des Moines for $5.35 million. CB Richard Ellis/Hubbell Commercial’s Private Client Group advised Aspen Square on the sale. …
Read MoreFed faces tough call on rates
Federal Reserve policymakers face tough choices as they debate interest rates amid rising recession risks, concerns about inflation and a “bailout” of real estate speculators, the Associated Press reported.
The Federal Open Market Committee, which …
Microsoft loses EU antitrust case
A top European court this morning handed Microsoft Corp. a surprise defeat in its epic antitrust battles, backing the European Commission’s 2004 record fine of $690 million against the software giant, Reuters reported.
Despite earlier …