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Real Estate and Development

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Developer Stanbrough exits bankruptcy; home builder Goodman files a second case


Real estate developer Dan Stanbrough has dropped his attempts to reorganize the finances of four business entities that controlled properties in Des Moines, Clive and Warren County and have been the target of foreclosure actions …

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Bridgestone to upgrade plant, add 72 jobs

Bridgestone Americas Tire Operations LLC plans a $56.6 million upgrade to its Des Moines agricultural tire plant. The Polk County Board of Supervisors on Tuesday approved a $50,000 zero-interest loan and a $50,000 grant for …

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Government efforts lead to decline in foreclosure filings

U.S. foreclosure filings dropped 35 percent last month to the lowest level in almost four years as lenders and state and federal agencies increased efforts to keep delinquent borrowers in their houses, Bloomberg reported.

According …

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CISS plans to expand service with new facility


Finally – ground has been broken.

For Central Iowa Shelter & Services (CISS), a July 20 groundbreaking ceremony for the construction of a new facility represents a step in the right direction that was eight …

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No help for University Heights project

The Cedar Rapids Gazette reported that Johnson County’s supervisors voted against providing a tax break to the developer of a $55 million housing and commercial project proposed for University Heights.

University Heights, which is located …

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Interest rates down, mortgage applications up

Applications for U.S. home mortgages rose last week as interest rates fell, an industry group said this morning.

The Mortgage Bankers Association (MBA) said today that its seasonally adjusted index of mortgage application activity, which …

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Downtown condo sales

Here’s a look at some of the condominium sales that took place in downtown Des Moines in the first half of 2011. Some of the units sold for the first time since developers put them …

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Walters claims $37 million in unsecured debt in bankruptcy filing


Real estate developer Randal Walters owes $37 million in unsecured debts, primarily to banks, investment partners and vendors, according to financial statements filed July 25 in his Chapter 7 bankruptcy case.

Walters filed to liquidate …

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Existing home sales were up nationally in June

The number of contracts to purchase previously owned U.S. homes unexpectedly rose in June as buyers tried to take advantage of lower prices and borrowing costs, Bloomberg reported.

The 2.4 percent rise in the index …

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Foreclosure filings down in first half of year

Foreclosure filings dropped in 84 percent of the largest U.S. cities in the first half of the year as paperwork delays and a glut of seized properties slowed the repossession of homes, Bloomberg reported.

According …