Real Estate and Development

A Polk County judge signed a foreclosure decree today on two buildings and a parking garage that opened in 2009 at West Glen Town Center.

Midwest Independent Bank of Jefferson City, Mo., filed a lawsuit …

Real estate developer Bobby Joe Knapp has been sentenced to 41 months in prison for conspiring to violate the federal Clean Air Act and its work practice standards during the renovation of the Equitable Building. …

PricewaterhouseCoopers LLP reported today that commercial real estate investors are optimistic that a recovery in the industry will continue, Bloomberg reported.

Even as the economy shows signs of slowing, a lack of new supply and …

Care Initiatives has asked 35 Iowa communities to reclassify its nursing home facilities to residential properties from commercial, the Cedar Rapids Gazette reported.

Citing an Iowa law that allows nonprofits that provide “land and buildings …

R.L. Fridley Theatres Inc. has purchased a Walnut Street property formerly occupied by Holm Graphic Services Inc. and plans to use the building as a storage facility. Founded by Robert Fridley in 1974, Fridley Theatres …

Ames has been selected as the first North American headquarters of Laboratorias Hipra, a Spanish animal health company. Pending approval of local and state incentives, the company announced plans to develop a manufacturing facility at …

Bob Brown Chevrolet broke ground today on a $20 million car dealership facility at 3600 111th Street in Urbandale. The auto dealer, which will relocate to the southeast corner of Douglas Avenue and Iowa Interstates …

Westgate Partnership LLC, the investment group that owns the Chamberlain Building at 1312 Locust St. and the former Kruidenier Cadillac building at 1408 Locust St., has purchased a semi-improved parcel at 1314 Walnut St. Iowa …

The Securities and Exchange Commission, state regulators and the Financial Industry Regulatory Authority (FINRA) announced today that Morgan Keegan & Co. and Morgan Asset Management have agreed to pay $200 million to settle fraud charges …

Les Sulgrove has been named general manager/broker of RE/MAX Opportunities.

Sulgrove formerly operated Iowa Real Estate Solutions LLC, and will continue to run his business website, www.simplydesmoines.com, which produces real estate market statistics. He also …