AABP EP Awards 728x90

Real Estate and Development

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Redefining the American dream

Forty percent of American households rent their homes, and one-fourth of these renters have no intention of becoming homeowners, according to ApartmentList.com, a San Francisco-based apartment-finding search engine. 

“The fact that a quarter of renters …

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Macerich reports increase in income, mall occupancy and sales

The Macerich Co., owners of Southridge Mall in Des Moines, reported net income of $43.9 million for the quarter ended Sept. 30, compared with net income of $12.9 million a year ago.

The company, which …

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Notable transactions, Oct. 31

Notable Transactions

Michael Gartner’s One Line Drive LLC paid $2.17 million to Wellmark Inc.for a warehouse at 226 Elm St. in Des Moines. At the time of the sale on Oct. 26, the property was …

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Renting a piece of the American dream

According to ApartmentList.com, a San Francisco-based apartment-finding search engine, 40 percent of American households rent their homes, and one-fourth of these renters have no intention of becoming homeowners, GlobeSt.com reported.

“The fact that a quarter …

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Rating group sees improvement in commercial loan delinquencies

The pot of delinquent commercial mortgage-backed securities (CMBS) is no longer bubbling over, according to Morningstar Credit Ratings LLC. Through September 2012, the delinquent unpaid balance for CMBS decreased for the third straight month to …

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Architects continue to see rise in billings

Architecture firms reported an improvement in business conditions for the second consecutive month in September, as the Architecture Billings Index (ABI) climbed to a score of 51.6, reflecting the strongest growth in nearly two years. …

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D.M. to present new Walnut Street plan

The city of Des Moines and the Downtown Community Alliance will host a public presentation by the consulting team hired to develop a streetscape and revitalization strategy for Walnut Street from Second Avenue to 10th …

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Open that gate: Alice’s Road

Editor’s note: This article is a part of a series of articles that appeared in the CRE Guide updating readers on four areas of greater Des Moines that are poised for development. Click here to …

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Open that gate: Southwest Connector

Editor’s note: This article is a part of a series of articles that appeared in the CRE Guide updating readers on four areas of greater Des Moines that are poised for development. Click here to …

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Open that gate: Southeast Connector/Martin Luther King Jr. Parkway

Editor’s note: This article is a part of a series of articles that appeared in the CRE Guide updating readers on four areas of greater Des Moines that are poised for development. Click here to …