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Real Estate and Development

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West Glen owners want judge to nix purchase agreement

Investors in West Glen Town Center, which is operating under two court-ordered receiverships, have asked a federal judge to formally terminate a sales agreement that could have cleared financial and legal woes at the West…
By KENT DARR | Feb 8, 2012
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Mezzanine lenders poised for a comeback

Mezzanine lending, which fills the gap between debt and equity, could make a comeback this year, after lean years through the financial crisis, National Real Estate Investor said.

Most significantly, 2012 will be marked by …
By KENT DARR | Feb 8, 2012
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Deal may be close on foreclosure settlement

Deal may be close on foreclosure settlement   After a yearlong effort that has featured numerous false starts, federal and state officials aim to wrap up this week a multibillion-dollar agreement with five major banks…
By BPC Staff | Feb 6, 2012
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Walters estate bought by limited liability company

Walters estate bought by limited liability company A limited liability company has paid $2.5 million for the former residence of developer David Walters, a nearly 14,000-square-foot residence that was built on 9.8 acres at an…
By BPC Staff | Feb 3, 2012
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Real estate pros speak out on the economy

Michael Adams President, Diagonal Properties Inc. Regress slightly “With debt out of control, and interest rates remaining low, unemployment will spike when the euro crashes, which I think will be in 2012.” Jesse Bunney Sales…
By BPC Staff | Feb 1, 2012
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Foreclosures and delinquencies drop in Greater Des Moines

Foreclosure rates in Greater Des Moines decreased in November 2011 from the same period in 2010, according to newly released data from CoreLogic Inc. Foreclosures dropped to 2.48 percent in November 2011, compared with 2.69 percent …
By BPC Staff | Jan 30, 2012
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Sixth Avenue corridor receives federal grant

Efforts to improve Des Moines’ Sixth Avenue corridor will get a boost from a $430,000 U.S. Department of Housing and Urban Development (HUD) grant that the city will share with eight other Iowa communities. The …
By BPC Staff | Jan 30, 2012
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All in a TIF


With hearings under way on a legislative proposal that supporters say could bring business to the state, Rep. Tom Sands decided it was time to start the debate on an idea that opponents say could …
By KENT DARR | Jan 27, 2012
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Single-family home sales down

Single-family home sales down  New single-family home sales unexpectedly fell in December for the first time in four months, Reuters reported. The U.S. Department of Commerce reported that sales decreased 2.2 percent to a seasonally…
By BPC Staff | Jan 26, 2012
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Merger expands business prospects for Ruhl & Ruhl in Greater Des Moines

Merger expands business prospects for Ruhl & Ruhl in Greater Des Moines C-III Capital Partners LLC has completed the acquisition of NAI Global, a network of independent commercial real estate firms whose local representative is…
By BPC Staff | Jan 26, 2012