Archive for September 2008

Principal Real Estate Investors has provided $121.2 million in debt financing to Cornerstone Real Estate Advisors LLC, the Glastonbury, Conn.-based real estate arm of Massachusetts Mutual Life Insurance Co., for the company to purchase downtown …

The Fox Prairie development at 50th Street and Mills Civic Parkway in West Des Moines has been purchased by Hubbell Realty Co. for $10.5 million.

The sale of the mixed-use development, including 40 two-level condominium …

Following Bank of America Corp.’s acquisition of Merrill Lynch & Co. Inc. on Monday, its stock price dropped more than 20 percent, but the company is more optimistic than ever and believes it will remain …

In an unprecedented move, the U.S. government has stepped in and taken control of American International Group Inc. (AIG), CNNMoney reported.

The Federal Reserve Board last night authorized the Federal Reserve Bank of New York …

Waukee-based Monarch Holdings Inc. and its operating affiliates, including Monarch Manufacturing Co., have filed for bankruptcy. The action is a result of high costs associated with lawsuits it assumed when it took over Hurd Millwork …

Stocks have been on a roller-coaster ride this morning as investors wait nervously to see if American International Group Inc. will stay afloat and whether Federal Reserve policy-makers will cut interest rates at their meeting …

Iowa Telecommunications Services Inc. today announced that its board of directors has declared a quarterly dividend of 40.5 cents per share on the company’s common stock. The dividend is payable on Oct. 15 to shareholders …

Clouds are hanging over the New York Stock Exchange today as news of crumbling financial powerhouses, bank acquisitions and bankruptcies plagues Wall Street. In opening trading, the Dow Jones industrial average plummeted more than 300 …

Iowa City-based TMone has leased 10,000 square feet at Stefon Plaza, 200 Army Post Road, Des Moines, to be the site of a call center.

Jon Burchert, chief operating officer of TMone, said the company …

The Iowa Private Client Group, led by Tim Sharpe and Linda Gibbs, has been rated in the top 10 best-performing Private Client Groups in the United States for the first six months of 2008.

The …