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Integrity Marketing Group distributes $125M in cash payouts to employees

Integrity Marketing Group, a Dallas-based insurance technology company that recently acquired Brokers Clearing House in Des Moines, announced it has made an unexpected $125 million cash payout to its 5,500 employees through the company’s employee ownership plan. …
By BPC Staff | Dec 22, 2021
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NOTABLE TRANSACTIONS: Boston-based REIT buys Ankeny warehouse for $22.8 million

STAG Industrial Holdings LLC, a real estate investment trust based in Boston, has purchased a recently completed Class A warehouse in Ankeny, paying $22.8 million for the property, Polk County real estate records show.

The 11.2-acre …
By BPC Staff | Dec 21, 2021
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Construction to begin next fall on mixed-use project near Drake

        A five-story mixed-use project is planned at 25th Street and Carpenter Avenue, just east of Drake University in Des Moines. Construction is expected to begin next fall. Rendering by Slingshot Architecture  …
By KATHY A. BOLTEN | Dec 21, 2021
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Work finally underway on Hubbell’s Des Moines apartment project

Construction is underway on Level, a 114-unit apartment building in Hubbell Realty Co.’s Bridge District, located south of Interstate Highway 235 and east of the Des Moines River. Photo courtesy of Hubbell Realty Co.

Hubbell Realty …
By KATHY A. BOLTEN | Dec 21, 2021
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Adventureland Resort acquired by Palace Entertainment; new owner plans expansions

Palace Entertainment, a subsidiary of global amusement park operator Parques Reunidos, today announced its acquisition of Adventureland Resort in Altoona. Adventureland, which has been a family-owned business since opening in 1974, will become part of …
By JOE GARDYASZ | Dec 21, 2021
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Athene to acquire Petros PACE Finance

Athene Holding Ltd., parent company of Athene USA, announced it has entered into a definitive agreement to acquire Petros PACE Finance LLC, a leading provider of Commercial Property Assessed Clean Energy (“C-PACE”) financing to owners …
By BPC Staff | Dec 21, 2021
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Oakridge receives $42,000 grant from Variety for youth employment program

Oakridge Neighborhood Services has been awarded a $45,000 grant from Variety – the Children’s Charity, to support its Youth Summer Employment Program. According to a news release, the program offers paid employment opportunities for young people ages …
By BPC Staff | Dec 21, 2021
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LBS acquires New Jersey-based FIM Headbands

LBS, a Des Moines-based manufacturer and distributor of materials for the production of books and luxury packaging, announced it has acquired the assets of FIM Headbands, which is based in South Hackensack, N.J. Financial details of …
By BPC Staff | Dec 21, 2021
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Iowa Credit Union Foundation names new executive director

The Iowa Credit Union Foundation announced that Jelena Babic Barnes has been named the organization’s executive director. Babic Barnes has been program manager for the Iowa Credit Union Foundation, the philanthropic arm of the Iowa Credit Union League, since …
By BPC Staff | Dec 21, 2021
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Branstad formally announces consulting group focused on U.S.-China relations

Terry Branstad, the nation’s longest-serving governor and former U.S. ambassador to China, formally announced Monday his new consulting group focused on U.S.-China relations, the Des Moines Register reported. His partner in the Branstad Churchill Group LLC is Steve Churchill, Branstad’s …
By BPC Staff | Dec 21, 2021