Archive for September 2010
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 …
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 …
Read MoreCRE 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 …
Read MoreConstruction 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 …
Read MoreACE to acquire Rain and Hail for $1.1 billion
Johnston-based Rain and Hail Insurance Service Inc., the second-largest crop insurer in North America, has agreed to be acquired by ACE Ltd., a global property and casualty insurance company with headquarters in Switzerland.
ACE announced …
Read MoreTech industry job growth lags
The U.S. technology industry added jobs through the first six months of 2010 but remains well behind where it was a year ago, according to a report issued Tuesday, the Kansas City Business Journal reported. …
Read MoreCasey’s shareholders meeting won’t be postponed
Casey’s General Stores Inc. says its shareholders meeting will go on as scheduled Sept. 23. The Ankeny-based convenience store operator is being pursued by Alimentation Couche-Tard Inc. of Laval, Quebec, which has offered $38.50 a …
Read MorePioneer acquires majority stake in African seed company
Pioneer Hi-Bred International Inc. has reached an agreement to purchase a majority share in Pannar Seed Ltd., a South Africa-based seed company with operations throughout Africa and other parts of the world. Financial terms for …
Read MoreState receives federal funding for wind turbine
The state of Iowa will receive $76,000 in federal stimulus funds to install a 20-kilowatt wind turbine adjacent to a new state office building under construction near the state Capitol. State officials received notification yesterday …
Read MoreUnited Way Day of Action scheduled Thursday
Tomorrow is United Way of Central Iowa’s annual Day of Action. Forty-four companies plan to send a total of 1,900 volunteers into the community to participate in 85 projects. The signature event for this year’s …
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