Archive for October 2016
Savery Hotel owners buy Liberty Building
Schulte Hospitality Group Inc. of Louisville, Ky., has paid $11.5 million for the historic Liberty Building at 418 Sixth Ave. in Des Moines and a parking garage that was built as part of the renovation…Read More
Four to enter Iowa African-American Hall of Fame
The Iowa African-American Hall of Fame will induct four new members in November. Kesho Scott Betty Andrews Henry Harper James B. Morris Jr.
Joining the 65 previous inductees will be: Kesho Scott, associate professor of…Read More
Winnebago revenues up 4.9 percent
Winnebago Industries Inc. reported fiscal fourth-quarter revenues of $263.3 million, a 4.9 percent increase from the prior-year period. Net income for the quarter was $13.1 million, or 49 cents per share, an increase of 12 …
Read MoreICAN launches initiative to boost financial aid applications
Iowa families left an estimated $25 million in college financial aid on the table in the past year because they didn’t apply for aid, according to the Iowa College Access Network, which Wednesday announced a …
Read MoreIsle of Capri to sell Marquette casino
Waterloo-Cedar Falls Courier: Isle of Capri Casinos Inc. announced today that it has entered into an agreement to sell Lady Luck Casino Marquette to an affiliate of Casino Queen, based in Swansea, Ill. CQ Holdings Co. …
Read MoreWells Fargo CEO Stumpf retires with $134M; his replacement is considered ‘a quiet fixer’
John Stumpf, the embattled CEO of Wells Fargo, unexpectedly retired from the company late Wednesday afternoon, effective immediately, USA Today reported. While Stumpf doesn’t receive a special retirement payout, executive-pay tracker Equilar estimates he’ll walk with…Read More
Hubbell takes over long-idle W.D.M. development
Hubbell Realty Co. is set to begin work in what was once billed as the prime development project in West Des Moines, mostly controlled by Regency Homes and later left on the books of multiple…Read More
Here’s something that doesn’t happen often: Warehouse space vacancy has increased a tad
The Greater Des Moines industrial market has experienced a slight increase in vacancies through the end of the third quarter, something that hasn’t happened in at least five years.
NOTEBOOK: With large anchors a ‘dying breed,’ new owners of Eastwood Village Shopping Center ponder options
Travis Overhue has taken a look at large anchors for neighborhood shopping centers and come to the conclusion that “they are a dying breed.” With that in mind, don’t expect a large grocery…Read More
NOTEBOOK: President’s Day trip to the zoo led to Fort Des Moines project
The folks at Blackbird Investments are a creative bunch with no lack for development ideas or the enthusiasm to pull them off. With that in mind, the story of how the team of family…Read More