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First Interstate Bank awards $20K grant to DMARC as food pantry demand rises

The Des Moines Area Religious Council has received a $20,000 grant from First Interstate Bank to help provide healthy meals to the food-insecure as need continues to rise. DMARC’s network of food pantries in Central Iowa …
By BPC Staff | Dec 7, 2022
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Principal survey finds employers, employees preparing for potential recession in 2023

The latest Principal Well-Being Index study by Principal Financial Group showed owners of small and midsized businesses are opting to raise prices and reduce operating expenses before cutting salaries or benefits, despite a belief among …
By BUSINESS RECORD STAFF | Dec 7, 2022
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NOTABLE TRANSACTIONS: Neighborhood retail center on Des Moines’ west side sold

A decades-old strip retail center in Des Moines’ Waveland Park neighborhood has a new owner.

APG Real Estate, located in Des Moines, paid BP Franklin LLC just over $1 million for property at 5800 Franklin Ave., Polk…
By BPC Staff | Dec 7, 2022
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$10.5 million apartment project planned in Sherman Hill neighborhood

A Coralville developer is proposing the construction of a 47-unit apartment building at 610 16th St. in Des Moines. Materials on the building’s exterior would include brick, metal panels and thermally broken aluminum glazing. Architectural rendering …
By BUSINESS RECORD STAFF | Dec 7, 2022
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Waukee city officials, developer remain mum about anchor tenant for proposed $90 million development

Waukee city officials and others remain tight-lipped about what retailer could anchor a $90 million development proposed on 48 acres west of Southeast Alice’s Road and about one block south of East Hickman Road. 

However, …
By KATHY A. BOLTEN | Dec 7, 2022
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Project515 panelists discuss today’s residential real estate sector

Interest rates for home mortgages are inching upward, pushing some potential homebuyers out of the market. Rates for new apartment and other rental projects are also on the rise, causing monthly rental rates to increase.…
By KATHY A. BOLTEN | Dec 7, 2022
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On the Move: Week ending December 4

 

Michaela Gladu

F&G

Hired as financial reporting accountant

michaela.gladu@fglife.com

 

Carol Pester

F&G

Hired as lead internal controls analyst

carol.pester@fglife.com

 

Conor Kearney

F&G

Hired as senior associate actuary

conor.kearney@fglife.com

 

Jessica Schaffer

F&G…
By BPC Staff | Dec 6, 2022
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$4M awarded in career academy grants

Gov. Kim Reynolds and the Iowa Department of Education today awarded four $1 million grants through the Career Academy Incentive Fund to increase access to career academy programs in high-demand fields through new regional centers. …
By BPC Staff | Dec 6, 2022
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Report: Iowa banks’ net income slips 6.3% in third quarter

Iowa’s banking industry demonstrated strength and met Iowans’ financial needs amid persistent inflationary pressures and rising interest rates in the third quarter, according to recently released data from the Federal Deposit Insurance Corp.

Iowa banks …
By BUSINESS RECORD STAFF | Dec 6, 2022
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What they’re checking out: Week of December 9

As an ongoing feature, staff members at the Des Moines Public Library will recommend a business-related book to add to your reading list. Find this and more books like it at any of the Des …
By BPC Staff | Dec 6, 2022