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Real Estate and Development

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Staying low to the ground


If you spot Bill Spencer kicking the clods around a piece of Greater Des Moines real estate, take note: A development opportunity could be afoot.

Spencer is president of Landmark Development Services Inc., a company …

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New casino hotel will cater to business, too


Prairie Meadows Racetrack and Casino will become a “stay where you play” gaming venue when an attached hotel property opens next spring.

The 168-room hotel, now being built onto the Meadows Events and Conference Center, …

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Home prices decline 5.9 percent in second quarter

Home prices in the United States fell 5.9 percent in the second quarter from a year earlier, the biggest decline since 2009, as foreclosures added to the inventory of properties for sale, Bloomberg reported. Prices …

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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 …