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Real Estate and Development

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Index: U.S. housing more affordable in the fourth quarter

Modest decreases in home prices and interest rates resulted in a slight increase in nationwide housing affordability in the fourth quarter of 2015, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. …

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Lawsuit slows development near West Des Moines’ Grand Prairie Parkway

Take a look at the growth of West Des Moines, and the first reaction might be “westward ho.” But not so fast. A lawsuit has tempered some of that optimism, at least for the time…
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Legislation would regulate appraisal marketing companies

A study bill has been introduced in the Iowa House of Representatives that would regulate what are called appraisal management companies and bring them under the purview of the Iowa Division of Banking. A provision…
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Neighborhood Finance surpasses $300 million in loans

Neighborhood Finance Corp., the nonprofit group that provides loans and grants to revitalize homes in designated areas of Polk County, celebrated its 25th year in 2015, and by the end of the year issued a…
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Architects reported a slow January

Billings for design work declined in January, reflecting the blahs of the overall economy. “January was a rocky month throughout the economy, with falling oil prices, international economic concerns, and with steep declines in stock …

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HUD announces funds for Sac & Fox housing in Tama

Sac & Fox Tribe of the Mississippi in Iowa will receive a $316,707 grant from the U.S. Department of Housing and Urban Development for housing development, assistance to housing developed under the Indian Housing Program …

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Johnston clears a path for a Merle Hay gateway

Six buildings at 5055 Merle Hay Road in Johnston are being demolished as part of the city’s efforts to create a community destination at its southern gateway, according to a release. The work will take…
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Supreme Court upholds Polk County valuation of Wellmark headquarters

An Iowa Supreme Court ruling today could set a standard for county property tax assessors when they determine the taxable value of new buildings.


The court reversed two lower court opinions when it upheld a…
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Application period begins March 1 for state rental housing incentives

The Iowa Finance Authority will begin accepting applications for the Workforce Housing Loan Program beginning March 1. The program is available to any community that needs additional rental housing as a result of employment growth. …

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West Des Moines apartment complex gets $27 million refinance

NorthMarq Capital has negotiated a $27 million refinance of Broadmoor at Jordan Creek II, a 250-unit multifamily property at 6500 E.P. True Parkway in West Des Moines, according to a release. The transaction was structured …

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