Archive for February 2011
Decreased loan activity lowers Home Loan Bank income
The Federal Home Loan Bank of Des Moines on Tuesday reported preliminary net income of $133 million for 2010, a decrease from net income of $145.9 million in 2009. The bank’s net income was primarily …
Read MoreEmanuel elected mayor of Chicago
Rahm Emanuel, a top adviser to two U.S. presidents who returned to Chicago just months ago, swept into the mayor’s office Tuesday, inheriting a city reeling from recession and promising to reshape City Hall, the …
Read MoreDuPont, Advanta collaborate on sorghum enhancements
E.I. du Pont de Nemours & Co. and Advanta Corp., an India-based global seed business, announced a collaboration and licensing agreement to develop and deliver sorghum with increased productivity and value. DuPont subsidiary Pioneer Hi-Bred …
Read MoreIowa State makes Princeton Best Value ranking
Iowa State University announced that it is among 50 public colleges nationwide, and the only public school in the state, named to the Princeton Review Best Value Colleges for 2011. The selection criteria covered more …
Read MoreOffice rents to rise this year
U.S. office rents fell in 2010 to $25.62 a square foot from $26.84 the prior year, but will increase this year, Bloomberg reported.
The growth, which will be “modest and limited to key markets” …
Read MoreStalled projects get second life
Some long-stalled commercial real estate projects are springing back to life as large banks start to lend again.
The Wall Street Journal reported that the amount of construction lending financed by J.P. Morgan Chase …
Read MoreCommercial property prices dip in December
U.S. commercial real estate prices fell 0.9 percent in December from the prior month, The Wall Street Journal reported, citing Moody’s Investors Service and Real Estate Analytics LLC. It was the first decline in three …
Read MoreGSA seeking office/industrial space
The General Services Administration (GSA) is seeking an approximately 24,367-square-foot space to lease in Greater Des Moines. The agency, which on Feb. 16 posted a notice on www.fbo.gov, indicated that is was interested in leasing …
Read MoreDART manager to talk at ICREA meeting
On March 3, the Iowa Commercial Real Estate Association will hold its monthly breakfast meeting at the Sonoma Building, 1089 Jordan Creek Parkway in West Des Moines. Brad Miller, general manager of the Des Moines …
Read MoreSigned Lease Transactions (Week of Feb. 20)
Crown Family Dental has leased 4,150 square feet of office space at 3708 Merle Hay Road in Des Moines. The tenant represented itself. Rich Eychaner and Andy Burton, both of Eychaner Properties Inc., represented the …
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