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Real Estate and Development

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Construction prices rising

For the second consecutive month, national prices for construction materials and supplies increased, rising 0.9 percent in February after an increase of 0.4 percent in January, according to the U.S. Labor Department’s March 15 producer …

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CMBS payoffs spiked in February

The percentage of commercial mortgage-backed securities (CMBS) paying off jumped sharply in February, posting the second-highest reading since December 2008, according to new data from Trepp LLC, GlobeSt.com reported.

CMBS loans maturing at their balloon …

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Felice a hall of fame bricklayer

Richard Felice, who started Forrest & Associate Inc. in 1960 in Des Moines, has been inducted into the inaugural class of the Masonry Hall of Fame. Felice entered the business as a laborer before achieving …

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Construction employment continues to rise in Iowa

Iowa added 3,100 construction workers to payrolls last year, ranking the state No. 9 in the country for employment gains in the industry, the Associated General Contractors of America said. The state added 300 jobs …

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Foreclosures down in Greater Des Moines

Foreclosure rates in Greater Des Moines dropped to 2.45 percent in December 2011 from 2.76 percent a year earlier, according to property analysts CoreLogic Inc. Local foreclosure activity is lower than the national foreclosure rate, …

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Boom-era speculators will benefit from mortgage assistance

The Obama administration will extend mortgage assistance for the first time to investors who bought multiple homes before the market imploded, helping some speculators who drove up prices and inflated the housing bubble, Bloomberg reported. …

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Lackluster construction report

Total nonresidential construction spending decreased in January to $566.4 billion, a drop of 0.8 percent from December, according to the March 1 report from the U.S. Commerce Department. However, total nonresidential construction spending was up …

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Parking on potential


If you want people to come to downtown Des Moines, it helps to have lots of parking. If you devote lots of space to parking, there are fewer business and retail reasons for people to …

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Residential remodels boost construction employment

Construction hiring is picking up as Americans invest in renovating their homes amid signs that the worst of the housing market declines may be over. The number of people working in residential remodeling in December …

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Register looking for new homes

The Des Moines Register exercised some rumor control today when it acknowledged that it is searching for new digs for multiple operations. Click here to read more at the Register’s website.