Archive for January 2021
NOTABLE TRANSACTIONS: Fleet Farm property in Waukee sold for $38.1 million
A Fleet Farm retail store at 1300 S.E. Kettlestone Blvd. in Waukee opened on Aug. 28 in Waukee. The property has been sold for $38.1 million, recent real estate transactions show. Business Record file photo
The …
Read MoreSurvey: 14.7% of competitive office space is vacant in Des Moines area
At the close of 2020’s fourth quarter, 14.7% of competitive office space in the Greater Des Moines area was vacant, according to CBRE|Hubbell’s quarterly survey.
That’s up more than 2 percentage points from a year …
Illinois firm acquires Iowa-based Gilcrest/Jewett
US LBM, a leading U.S. distributor of specialty building materials, has acquired Gilcrest/Jewett Lumber Co., a building products dealer and manufacturer with five Iowa locations, including Waukee, the companies announced. US LBM is headquartered in …
LEGISLATIVE NOTES: Construction-industry bills to watch in Iowa Legislature
Jodie McDougal, a shareholder at the Davis Brown Law Firm in Des Moines and chairperson of the firm’s construction department, has compiled a list of bills to watch in the 2021 Iowa legislative session that are …
Read MorePROJECT UPDATE: Mainframe Studios
Work is expected to begin in May on a colorful mural that will transform the exterior of Mainframe Studioes at 900 Keosauqua Way in downtown Des Moines. Rendering by Molly Spain
Mainframe Studios makeover expected …
Read MoreRaytheon reports better than expected fourth quarter; Collins struggles
Corridor Business Journal: Raytheon Technologies Corp. reported better than expected fourth-quarter earnings this morning, although its Collins Aerospace division continued to struggle amid ongoing tumult in the passenger aircraft industry. Raytheon announced earnings of 74 cents …
Read MoreIowa’s unemployment rate drops to 3.1% in December
Cedar Rapids Gazette: Iowa’s unemployment rate decreased from 3.8% to 3.1% in December 2020, Iowa Workforce Development said today. It’s Iowa’s lowest unemployment rate since February, but it still is above the 2.8% rate from 12 …
Read MorePalmer Group names Lorenz executive vice president
Chris Lorenz has been promoted to executive vice president at Palmer Group, the employment firm announced today. Lorenz moved into the newly created position Jan. 4. The creation of the role is part of the …
Read MoreRaygun owner Draper joins in small business support for national $15 minimum wage
A prominent Des Moines small business owner is siding with federal minimum wage advocates who say that “raising wages is good business.” Mike Draper, owner of Raygun LLC, a popular clothing, home goods and printing …
Read MoreDowntown Chamber names Bennett as new executive director
Staci Bennett has been named the new executive director for the Des Moines Downtown Chamber of Commerce.
The chamber announced the move Monday, saying Bennett will begin her new role on Feb. 1. She succeeds Jennifer …