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Real Estate and Development

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Greater Des Moines home sales up over the last year

Home sales have increased 20 percent in the past year, with 749 contracts closing in April, the Des Moines Area Association of Realtors said today. “We’re four months into 2012 and all of the key …

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Corporate kudos for Hyatt Place Hotel

Hyatt Hotels Corp. has recognized the local owners of the renovated Liberty Building at 418 Sixth Ave. with its “Best Hyatt Place opening in North America” honor. Now called Hyatt Place Hotel, the building was …

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CRE development posted first gains last year since 2007

Development and construction of commercial real estate rebounded in 2011, the first year to post gains since the recession began in 2007, according to a report from the NAIOP Research Foundation.

The total economic impact …

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Artists cooperative planned for Whittier School building

The Whittier Project LLC paid $40,000 to Boys Club of Des Moines Inc. for its former headquarters, once the Whittier School, at 1350 E. Washington Ave., Des Moines. The 112-year-old building will be used to …

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Babich Goldman moves

Babich Goldman P.C. has opted for industrial chic over timber and brick, having relocated to 501 S.W. Seventh St., Suite J, in the Riverpoint development. The firm, with 12 attorneys plus support staff, had outgrown …

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Hubbell set to build apartments in Waukee

Hubbell Realty Co. is preparing to build out the second phase of a project that initially went bust when the Regency development companies folded in 2008. Hubbell acquired former Regency land and will build 206 …

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Homeownership hits lowest level in 15 years

The U.S. Census Bureau said today that the homeownership rate fell to the lowest level in 15 years in the first quarter as borrowers lost homes to foreclosure and tighter inventory and credit kept buyers …

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Falling home values put recent home buyers ‘under water’

More than 1 million Americans who have taken out mortgages in the past two years now owe more on their loans than their homes are worth, and loans insured by the Federal Housing Administration (FHA) …

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Works in progress: Crane Artist Lofts

Frame work is taking shape for 36 one- and two-bedroom apartments at Crane Artist Lofts, 1440 Walnut St., an historic building where toilets were manufactured in the early 20th century.

Koester Construction Company Inc. has …

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Now is the time to buy

For today’s homebuyers, the weight of the monthly mortgage bill is the lightest it has been in decades, CNNMoney.com reported.

Put 20 percent down on a median-priced ($154,400) existing home, and your payment will come …