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Real Estate and Development

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Des Moines projects to receive $17 million in state historic tax credits

Four local historic rehabilitation projects have qualified for $17 million of the $32.7 million in income tax credits available from a state program for the 2016 and 2017 fiscal years, according to the Iowa Department…
By BPC Staff | May 5, 2016
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Heart of America opens first Greater Des Moines office

Moline, Ill.-based Heart of America Group has leased office space in the historic Teachout Building in Des Moines’ East Village, where it is developing the AC Marriott Hotel. Heart of America Group also owns and …
By BPC Staff | May 5, 2016
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Magazine tags Red House as top remodeling firm

Red House Remodeling, a West Des Moines company owned by Ben and Stephanie Trannel, has been named to Remodeling magazine’s Big50 list for 2016. The list is in the May issue of the national trade …
By BPC Staff | May 5, 2016
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Designs on a Walnut Street duplex

Bruce Myers designed this home in Arizona

Des Moines mortgage banker Bruce Myers is a designer and developer at heart, one with an interest in unique spaces.   He has found that spot in a…
By KENT DARR | May 4, 2016
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With Fresh Market pulling out, Hurd keeps the seat belt buckled as he travels the retail lanes

Real estate developer Richard Hurd had the proverbial good news/bad news kind of day on Tuesday.


During the morning, a permit was pulled for construction of the Container Store at his Mills Crossing development in…
By KENT DARR | May 4, 2016
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FEH Design is on display this month at Iowa AIA’s Capital Square office

Sioux City-based FEH Design is featured this month in a display that shows the works and design approaches of members of the Iowa chapter of the American Institute of Architects. Throughout the year, AIA Iowa …
By BPC Staff | May 4, 2016
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McGough Construction opens Des Moines office

Ankeny lawyer Jon Holmen has been named general manager of McGough Construction’s new office on Delaware Avenue in Des Moines. McGough is based in St. Paul, Minn., but is active on projects at Iowa State …
By BPC Staff | May 4, 2016
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Event May 10: CREW Iowa luncheon

Host: Commercial Real Estate Women Iowa About: Quinn Texmo will present “Mind the Gap: Conflict Management Styles in the Multi-Generational Workforce. When: May 10 | 11:30 a.m. to 1 p.m. Where: Windsor Heights Community Center…
By BPC Staff | May 4, 2016
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Cap rates on retail properties on the rise

The average cap rate for retail properties nationwide moved up by 11 basis points between the fourth quarter of 2015 and the first quarter of 2016, to 6.59 percent, according to a recent report from …
By BPC Staff | May 4, 2016
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Bank loss rates on CRE loans up in fourth quarter

Loss rates on banks’ commercial real estate loans rose in the final quarter of 2015 after being at multiyear lows the rest of the year, according to data from Sageworks, a financial information company, Forbes reported. First-quarter …
By BPC Staff | May 4, 2016