AABP EP Awards 728x90

Real Estate and Development

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Commercial real estate sales expected to reach $260 billion for 2012

Commercial real estate sales posted gains throughout 2012, according to Real Capital Analytics Inc., GlobeSt.com reported, with November alone showing a 40 percent increase over the year at $19.5 billion. Sales through November totaled $225 …

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Housing rebound fells lumber prices

Lumber futures may tumble as much as 25 percent from a seven-year high as output increases in Canada, the world’s biggest exporter, according to Forest Economic Advisors LLC, Bloomberg reported.

The price may touch $300 …

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2012 in Review: Real Estate & Development

An up year for downtown

Cranes and closed sidewalks became a common feature of the central business district in Des Moines. Over in the Western Gateway, an old toilet factory got a handsome remodeling from …

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Mortgage bond sales spike in wake of refinancings

Sales of U.S.-backed mortgage bonds have soared to a three-year high as steps by the Federal Reserve Board and Obama administration to make home ownership more affordable propelled a 34 percent jump in refinancing, Bloomberg reported.

Issuance …

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Index shows positive news for for architects

The Architecture Billings Index (ABI), a leading economic indicator of construction activity, shows that architecture firms across the country are seeing increases in billings.

The American Institute of Architects reported the November ABI score was …

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Home builders group predicts 22 percent increase in sales

The National Association of Home Builders predicted today that 647,000 new homes will be constructed in 2013, a 21 percent increase from this year.

Another 270,000 multifamily units will be completed next year, a 16 …

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Iowa Student Loan purchases West Des Moines buildings

Iowa Student Loan, a private nonprofit student lending organization, recently purchased a pair of office buildings in West Des Moines, the organization announced today.

The purchase agreement, between Iowa Student Loan and R&R Realty Group, …

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Hubbell to begin rehabilitation of Mitchell Transmission building

Hubbell Realty Co. said it will start work this month on the $7 million renovation of the Mitchell Transmission building at 1400 Locust St. The building will be renamed 14Forty and will feature 37 one- …

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AIA Iowa announces 2013 board

The American Institute of Architects Iowa chapter (AIA Iowa) has elected several professionals from Greater Des Moines to its board for 2013. Board members from the metro area are Linda Schemmel, president; Mindy Aust, secretary; …

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Waukee wastes no time announcing a sewer project

Examples abound of sewer projects that have led to development spurts in Greater Des Moines. The extension of sewer lines across Interstate 35 fed construction booms in the west. Think Glen Oaks, West Glen, Jordan …