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Real Estate and Development

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Foreclosures, mortgage delinquencies dropped in January

Foreclosures made up 0.98 percent of active mortgages in January in Des Moines and West Des Moines, lower than the national foreclosure rate of 1.5 percent and down from the January 2014 rate of 1.6 …

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Hy-Vee seeks state tax incentives for expansion of corporate headquarters

Hy-Vee Inc. is seeking $7.5 million in state development tax credits for a $75 million expansion of its corporate campus on Westown Parkway in West Des Moines.

 

The project will result in the hiring of 103 …

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DeWaay ruling will be appealed

Donald DeWaay, the former investment broker whose belief in high-risk private placements led to the collapse of his financial services businesses in Clive, could be headed back to court to face former clients after a …

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Decision expected this summer on controversial topsoil rule

A series of hearings about top soil requirements will conclude this week in Des Moines and will result in a final ruling in June that could result in significant savings for developers and builders.

At …

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Closing costs a mystery to millennials and many other home buyers

About two-thirds of people ages 18-34 who plan to buy a home are unaware of closing costs, according to survey results released today by ClosingCorp., a real estate analytics firm. The survey also found that …

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Finish line in sight for triathlon sponsors

The race to find local sponsors for the Des Moines Triathlon is halfway to its $150,000 target, and it’s filling some additional needs in the process.

 

Rick Tollakson, who told the Business Record last …

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Spike in sales of new houses missed the Midwest

Sales of new single-family homes rose 7.8 percent in February to a seasonally adjusted annual rate of 539,000 units from an upwardly revised January reading, according to newly released data by the U.S. Department of …

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Substance Architecture in line for parking ramp rebuild

The Des Moines City Council will vote tonight on a $1.97 million contract with Substance Architecture for design services on a revamped vision for the Seventh and Grand parking lot. Originally conceived as combination parking …

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There are two-ways to a better future for downtown Des Moines

A consultant believes the city of Des Moines should begin converting downtown streets from one-way to two-way traffic, creating an occasional traffic jam but leading to a district that is a better place to bicycle …

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Des Moines development projects win approval for state tax credits

The Iowa Economic Development Authority has approved $6.5 million in requests under the state’s new workforce housing tax credit program for 10 development projects in Des Moines.

 

For at least one of those projects, …