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Real Estate and Development

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Upward pressure on material prices

Increased turmoil in the Middle East is pushing up oil prices and may be having an effect on U.S. construction materials prices in general, according to Associated Builders and Contractors Chief Economist Anirban Basu. The …

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An Equitable solution


Three 90-year-old boilers, each two stories tall and one belching fire into an iron heat chamber 35 feet below Locust Street, are just the kind of annoyance that keep Shawn Foutch interested in his job.…

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Just a matter of engineering


Shawn Foutch is no stranger to challenging projects in Greater Des Moines.

For the last nine years, he has shepherded projects for Kirkham Michael & Associates Inc. consulting engineers as its Iowa project manager. Here’s …

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Clark to lawmakers: ‘Let’s talk taxes’

With all of the partisan cheering that occurred Tuesday in the Iowa House of Representatives, where a Republican proposal to cut commercial property taxes passed on a party-line vote, Des Moines City Manager Rick Clark …

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Max Colby joins CBRE/Hubbell Commercial

CBRE/Hubbell Commercial has hired Max Colby as a sales associate. Colby interned with CBRE/Hubbell Commercial for six months prior to transitioning into his full-time position.He graduated from Iowa State University in December 2011 with a …

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Construction backlog falls 3.2 percent

The Associated Builders and Contractors announced its Construction Backlog Indicator (CBI) for the fourth quarter of 2011 declined 3.2 percent from the previous quarter from 8.1 months to 7.8 months.

However, the indicator is still …

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IPO provides chance to own a piece of the Empire State Building

Empire State Realty Trust, owners of the iconic Empire State Building, filed to sell up to $1 billion of its Class A common stock, giving ordinary investors a chance to own a piece of the …

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Warm weather helps home sales

The unseasonably warm winter weather has kept Des Moines homebuyers and sellers active. In January, 422 homes were sold, up 11 percent from January of last year, according to Des Moines Area Association of Realtors …

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Peoples Co. builder and developer luncheon is March 2

Peoples Co. will have its annual builder and developer luncheon at noon March 2 at the West Des Moines Sheraton Hotel, 1800 50th St. Robert Nye, senior vice president of retail finance for Wells Fargo…
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Macerich gains 100 percent of Southridge, reports increase in earnings

The Macerich Co., owner of Southridge Mall in Des Moines, said funds from operations at shopping malls it owns across the country increased to $118.8 million in the quarter ended Dec. 31, from $108.9 million…