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Drake names Terry Branstad ambassador-in-residence

Terry Branstad, the United States ambassador to China from 2017 to 2020 and the longest-serving governor in U.S. history, has been named ambassador-in-residence at Drake University in Des Moines.

The new role complements Drake’s plans …
By BUSINESS RECORD STAFF | Nov 17, 2021
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NOTEBOOK – ONE GOOD READ: Federal government to back home loans of nearly $1 million

The maximum size of home-mortgage loans eligible for backing by Fannie Mae and Freddie Mac is expected to jump sharply in 2022, a reflection of the rapid appreciation in home prices nationally over the past …
By KATHY A. BOLTEN | Nov 17, 2021
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Java Joes CoffeeHouse in downtown Des Moines closes after 29 years

WHO-TV: A longtime coffee shop in downtown Des Moines has closed. Java Joes CoffeeHouse at 214 Fourth St. is closed effective immediately. It was the original Java Joes location, first opening in 1992. Tim Brehm, who …
By BPC Staff | Nov 17, 2021
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ICON Water Trails launches new website

Iowa Confluence Water Trails has launched a new website that highlights the regional initiative. From the website users can learn about the region’s water trails and the planned improvements. They can interact with existing access points on …
By BPC Staff | Nov 17, 2021
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Items for EveryStep’s Grief and Loss Support Cheer Boxes stolen in warehouse burglary

The nonprofit organization EveryStep is seeking donations to help replace items needed for its Grief and Loss Support Service Cheer Box program after items were taken during a burglary at an Urbandale warehouse this week. According to …
By BPC Staff | Nov 17, 2021
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Iowa group touts milestone for Latino candidates in Iowa elections

Axios Des Moines: More than a dozen Latino and Latina leaders won seats in the Nov. 2 local elections in Iowa, Latino Political Network founder Rob Barron said. The new representation likely marks a record in …
By BPC Staff | Nov 17, 2021
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NOTABLE TRANSACTIONS: Local group buys downtown Des Moines building for $2.9 million

Oakwood Investments LLC, based in West Des Moines, paid Nationwide Mutual Insurance Co. $2.94 million for property at 1300 Walnut St. in Des Moines, Polk County records show. The property includes a two-story, 22,800-square-foot office building that …
By BPC Staff | Nov 16, 2021
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Martin joins ISU Research Park team

Kyle Martin has been hired as the Iowa State University Research Park real estate development operations and project manager, the group announced. Martin, an Ames native, previously worked at Deere and Co., where he was …
By BPC Staff | Nov 16, 2021
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2022 Land Investment Expo speakers announced


Sam Zell, the founder and chairman of Equity Group Investments, and Larry Kudlow, former director of the National Economic Council, are scheduled to be the featured speakers at the 15th annual Land Investment Expo, sponsored …
By BPC Staff | Nov 16, 2021
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Report: Metro-area office vacancy rate at 16.7%


The following are highlights from CBRE|Hubbell Commercial’s 2021 third-quarter office market report for the Des Moines area:

• In the third quarter, 16.7%, or 2.9 million square feet, of office space was vacant. The vacancy …
By BPC Staff | Nov 16, 2021