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Survey: 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 …
By BPC Staff | Jan 27, 2021
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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 …
By BPC Staff | Jan 27, 2021
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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 …
By BPC Staff | Jan 26, 2021
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PROJECT 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 …
By BPC Staff | Jan 26, 2021
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Iowa’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 …
By BPC Staff | Jan 26, 2021
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Palmer 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 …
By BPC Staff | Jan 26, 2021
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Downtown 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 …
By MICHAEL CRUMB | Jan 26, 2021
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NOTEBOOK – ONE GOOD READ: Apollo CEO to step down after firm finds $158M in payments to Jeffrey Epstein

One of the world’s largest private equity firms, Apollo Global Management, found that its chairman and CEO, Leon Black, had paid convicted sex offender Jeffrey Epstein $158 million, which triggered an attempt to remove him …
By JOE GARDYASZ | Jan 26, 2021
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CI Financial Corp.’s acquisition will double U.S. assets under management to $46B

CI Financial Corp., a Toronto-based asset and wealth management company, has acquired Segall Bryant & Hamill LLC, a Chicago-based registered investment adviser firm and institutional asset manager, Investment News reported. The acquisition, once completed, is expected to …
By BPC Staff | Jan 26, 2021
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School choice, in-person instruction bills advance to Senate floor for debate

Two Republican-led education bills advanced Monday in the Iowa Senate, the Iowa Capital Dispatch reported. One bill, Senate Study Bill 1064, would require schools to offer full-time, in-person instruction during the ongoing pandemic, while a second, SSB 1065, would financially support …
By BPC Staff | Jan 26, 2021