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Real Estate and Development

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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, …

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Architects report increased activity in February

After its first negative score in 10 months, the American Institute of Architects’ Architecture Billings Index showed a nominal increase in design activity in February, and has been positive 10 out of the past 12 …

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Iowa house sales and prices are up

A report today from the Iowa Association of Realtors showed statewide trends in house sales that reflect those reported last week for Greater Des Moines. Sales and prices were up in February, and the time …

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Contractor pleads guilty to defrauding program for disabled veterans

Omaha-based contractor Ram Hingorani, 50, was sentenced by U.S. District Judge Stephanie Rose to six months in a halfway house as part of a sentence of two years of probation after he pleaded guilty to …

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Waukee submits application for reinvestment designation for portion of Kettlestone area

The city of Waukee submitted an application today for partial rebates of sales and hotel/motel tax revenues for a prized development area.

 

The 25-acre Kettlestone Lakes Reinvestment District is located north of Interstate 80 …