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Real Estate and Development

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CoStar identifies ‘power brokers’

CoStar Realty Information Inc. has named its 2014 power brokers.


The Washington, D.C.-based company said on its website that it tallies the commercial real estate sales and lease transactions that closed during the previous year, then…
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Hostile bid for Macerich ends after its board votes to reject offer, again

Simon Property Group Inc. ended a hostile bid for The Macerich Co. today after the Macerich board of directors voted unanimously Tuesday to reject an offer of $95.50 per share in cash and stock. The …

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No housing bubble foreseen, according to Nationwide index

A new gauge from Nationwide Mutual Insurance Co. suggests that the national market is in its best shape since 2001 and there’s no reason to fear a national downturn, much less a bursting bubble, Bloomberg reported. Nationwide’s …

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Sale of Dahl’s store to Kum & Go is completed

Kum & Go LC  paid $3.5 million on March 23 for a former Dahl’s Foods store at 5003 E.P. True Parkway in West Des Moines, according a deed that was filed Wednesday with the Polk …

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Clive begins work on new master plan for its greenbelt

The city of Clive has hired RDG Planning & Design to lead a team of consultants that will help draft a new master plan for the Clive Greenbelt, according to a release. The 16-month process …

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YMCA, DMACC to proceed separately in Ankeny

Des Moines Area Community College and the YMCA of Greater Des Moines have ended plans to jointly build a new Ankeny YMCA on DMACC’s main campus, officials confirmed today.

 

DMACC will instead move forward …

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IFA offers tax break for first-time home buyers

The Iowa Finance Authority today announced that eligible first-time Iowa home buyers are eligible for a federal income tax break of up to $2,000 per year for the life of their mortgage. Approximately 400 Iowa …

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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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