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Hy-Vee to donate $500,000 for campus improvements at community college

West Des Moines-based grocer Hy-Vee Inc. plans to donate $500,000 to help pay for improvements to Indian Hills Community College’s campuses in Ottumwa and Centerville. The announcement of the donation comes after voters this month …
By BPC Staff | Nov 10, 2021
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Hubbell Realty donates $250,000 to soccer stadium project

The planned Pro Iowa Stadium and Global Plaza has received a financial boost from a $250,000 donation from Hubbell Realty Co. Krause Group, through its development arm Krause+, plans to build a 6,300-seat multiuse stadium …
By BPC Staff | Nov 10, 2021
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Des Moines area’s apartment vacancy rate slips to 4.2%

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

• The vacancy rate of the 36,522 apartment units surveyed was 4.2% in the quarter that ended Sept. …
By BUSINESS RECORD STAFF | Nov 10, 2021
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Majority of Iowa stocks post gains in October

Thirteen of the 17 Iowa-based companies on the Business Record’s Iowa Index posted stock price gains for the month of October. One company posted a double-digit percentage gain in the month. Four Iowa-based stocks posted …
By JOHN RETZLAFF | Nov 10, 2021
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Shannon Rutledge named president and CEO of Farmers Mutual Hail, effective Dec. 31

Farmers Mutual Hail Insurance Company of Iowa announced that Shannon Rutledge, executive vice president and chief operating officer, will be promoted to president and chief executive officer, effective Dec. 31. He will succeed Ronald Rutledge, who will …
By BPC Staff | Nov 10, 2021
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Iowa ethanol plant receives $250,000 grant; Axne, Torres Small announce Build Back Better proposals for biofuel investment

Elite Octane, a dry-mill ethanol plant in Atlantic, will receive a $250,000 energy efficiency grant funded by the Rural Energy for America Program (REAP) to install a Dryer Exhaust Energy Recovery (DEER) system that will capture and …
By BPC Staff | Nov 10, 2021
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NOTABLE TRANSACTIONS: Des Moines apartments sold to Urbandale group for $4.65 million

Arlington Apartments LLC, based in Urbandale, paid SeaBass Investment Co. LC $4.65 million for property at 6010 Creston Ave. in Des Moines, Polk County real estate records show. The property includes two three-story apartment buildings, each with 30 …
By BPC Staff | Nov 10, 2021
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Construction underway on spec industrial development

An arial drone photo shows where two new industrial buildings will be constructed in Northridge 80|35, located on the northwest corner of Northeast 14th Street and Broadway Avenue just south of Interstate Highway 80-35. Photo courtesey of …
By BPC Staff | Nov 10, 2021
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Historic downtown Des Moines building will be new home to Twisted Vine Brewery

Twisted Vine Brewery will occupy the first floor of a building at 112 S.E. Fourth St. in Des Moines. The building is undergoing a $6.3 million renovation. Architectural rendering by Goshe Inclusions

A three-story building undergoing …
By KATHY A. BOLTEN | Nov 10, 2021
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Amazon sortation center property in Bondurant sold for $75.9 million

  

Property in Bondurant on which Amazon’s sortation center is located has been sold for $75.9 million. Construction of the facility began in fall 2020; an occupancy certificate was issued in September. Business Record file photo

A …
By KATHY A. BOLTEN | Nov 10, 2021