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Real Estate and Development

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Investors still drawn to multifamily

Apartment experts have worried for some time that the high prices investors pay for apartments and the large number of transactions are unsustainable. But new buyers continue to be drawn to the multifamily space, attracted by …

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Hubbell golf event raised $30,000 for charities

Hubbell Realty Co.’s Extreme Charity Golf Classic raised more than $30,000 that will be distributed evenly among Puppy Jake Foundation, The Homestead and WesleyLife Meals on Wheels. According to a release, 240 golfers participated in …

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One firm’s outlook on housing in 2016

Real estate analytics firm CoreLogic Inc. predicts that home sales and prices will increase, rents will rise and vacancy rates will remain low in 2016. Here is the firm’s outlook and reasoning: Interest rates will…
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Tax abatements amended with some City Council snap, crackle and pop

The Des Moines City Council voted 4-3 Monday to extend some deadlines under the city’s new tax abatement program for developers of multifamily units. The vote, a reversal of a council vote in October, followed …

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Historic tax credits sought for Hubbell, Register building projects

The renovations of some historic buildings in downtown Des Moines have ground to a halt because of delays in guaranteeing state tax credits for the projects, but that won’t stop two other developers from seeking…
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Builders could get it their way, for a time, in new Des Moines tax abatement program

Developers of large apartment complexes might catch a break from a recent change to the city of Des Moines tax abatement program that eliminated property tax rebates for their projects after Dec. 31.


On Monday,…
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Building up a legacy

Jim Hubbell has presided over the transformation and second boom of a family business that has been a household name in Iowa for more than a century, but it’s unlikely you’ll get him to take …

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Hubbell and Tollakson: Different styles, same mission

If Rick Tollakson had been calling the shots at Hubbell Realty Co. back in 1983, chances are the Kaleidoscope at the Hub and the Hub Tower wouldn’t have been built.

“It was a risky project,” …

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Hubbell patriarch builds family’s wealth in late 19th century

Let’s say you are plotting a career of achievements. There are a lot of examples to follow in Greater Des Moines, but it would be tough to beat the example of the Frederick M. “F.M.” …

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Hubbell Timeline

1856: Frederick M. “F.M.” Hubbell buys 640 acres of farmland in Woodbury County in northwest Iowa.

1880s: Hubbell forms F.M. Hubbell, Son and Co. with his son, Frederick C. Hubbell, and brother-in-law, H. Devere Thompson. …