Real Estate and Development

Hundreds of foreclosed and abandoned houses may soon be demolished by Bank of America Corp. as it and other lenders seek ways to deal with homes they can’t sell, Bloomberg reported.

Disposing of repossessed homes …

EdgeBCC, a subsidiary of LightEdge Solutions Inc., has secured financing to double the size of its data center space in Altoona, as demand for cloud computing increases. EdgeBCC obtained a loan from U.S. Bank and …

The estate of Lehman Bros. is boosting sales of its commercial properties as prices improve. The failed investment bank now expects to recover $13.2 billion from its real estate portfolio between 2011 and 2014, The …

The Capital Plaza office tower in Washington, D.C., was sold for $149.5 million to Principal Real Estate Investors LLC, Bloomberg reported, and the transaction reflects rising commercial real estate values in the nation’s capital.

Vacant …

CB Richard Ellis/Hubbell Commercial has brokered the $4.7 million sale of Bridgewood Plaza at 165 S. Jordan Creek Parkway in West Des Moines. Three retail buildings with a total of 53,500 square feet were included …

Kum & Go LC purchased 2.22 acres of land in the Heritage at Prairie Trail development south of the Ankeny high school under construction at 1155 S.W. Cherry St. Marcus Pitts, a broker with NAI …

Joe Soto, CEO of One Social Media LLC, will present “The 15 Imperatives of LinkedIn” during the Iowa Commercial Real Estate Association’s monthly breakfast on Aug. 4 at Des Moines Golf and Country Club, 1600 …

Pink Elephant Tattoo has leased 1,800 square feet of space at 707 S. Ankeny Blvd. in Ankeny. The tenant was represented by Blake Brown and Mike Billings, both of Denny Elwell Co. The landlord, Aterra …

The city of Des Moines will host a public meeting on Aug. 9 about tax abatement for new residential construction and residential improvements.

The city’s tax abatement arrangement will expire on Dec. 31, and the …

Dahl’s Foods Inc. sold four Des Moines-area properties in a sale-leaseback deal that the grocer said is popular among all types of retailers.

Operating as Foods Inc., the company sold buildings and land at 3425 …