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Real Estate and Development

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AIB sells three apartment buildings to California investment group

California investors with a penchant for Central Iowa apartment buildings have paid a little more than $2 million to AIB College of Business for three buildings with a total of 60 furnished one-bedroom apartments along …
By KENT DARR | Dec 2, 2015
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Whiskey River flowing to Ankeny’s Prairie Trail

Joe and Nicki Romare, owners of Whiskey River in Ames and Founders Irish Pub in Bondurant, plan to open a restaurant, bar and reception hall in the District area of Prairie Trail in Ankeny, according…
By BPC Staff | Dec 2, 2015
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October construction spending reached 8-year high

Construction spending in October reached the highest level in nearly eight years, with growth in all major categories, the Associated General Contractors of America said today in a release. Construction spending totaled $1.1 trillion at…
By BPC Staff | Dec 1, 2015
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Ryan building new corporate headquarters in downtown Minneapolis

  A rendering of Ryan Companies’ new headquarters in downtown Minneapolis

Ryan Companies US Inc. is building a new corporate headquarters in a part of downtown Minneapolis where it has led the redevelopment of a …
By BPC Staff | Dec 1, 2015
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Des Moines ranked as most affordable housing market

Avalanche Consulting of Austin, Texas, used 2014 American Community Survey data to check which American cities were the most affordable for owners and renters. Des Moines topped the list, with just 25 percent of its housing considered …
By BPC Staff | Nov 25, 2015
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Iowa construction and development loans up

Construction and land development loans led an 8.4 percent increase in lending in the third quarter over the same time last year, according to the Iowa Bankers Association.


Iowa banks provided more than $51.5 billion…
By BPC Staff | Nov 25, 2015
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Prairie Meadows suspends YMCA pool payments

Prairie Meadows is suspending its donation to the Wellmark YMCA over its stalled pool project, reports DesMoinesRegister.com. The casino pledged $1 million for naming rights to the aquatic center, but its board of directors voted last week …
By BPC Staff | Nov 25, 2015
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Construction and development loans push lending at state banks

Construction and land development loans led an 8.4 percent increase in lending in the third quarter over the same time last year, according to the Iowa Bankers Association. Iowa banks provided more than $51.5 billion …
By BPC Staff | Nov 25, 2015
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Saylorville Lake discussion planned for ICREA meeting

Brian Nail, a supervisory natural resources specialist with the U.S. Army Corps of Engineers, will give an update on the operations and management of Saylorville Lake when the Iowa Commercial Real Estate Association meets at …
By BPC Staff | Nov 25, 2015
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Iowa house sales down, prices up in October

The median price of houses that sold in Iowa in October rose to $137,500 from $126,500 in October 2014, the Iowa Association of Realtors said today. Sales dropped 8.3 percent from a year ago to …
By BPC Staff | Nov 25, 2015