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Real Estate and Development

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Dorsey to occupy Embassy Club space

Global law firm Dorsey & Whitney LLP has entered into a lease agreement with Principal Financial Group Inc. to occupy the 41st floor of 801 Grand Ave. in downtown Des Moines. Dorsey has occupied the …

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Hubbell to host land market survey

Hubbell Land Development, a subsidiary of Hubbell Realty Co., will host the 2011 Land Market Study Reception beginning at 4 p.m. on June 28. Following a discussion with Edsel Charles of Market Graphics regarding market …

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City recognizes AP Lofts developer Nelson

The City of Des Moines has honored Nelson Development for the rehabilitation of the historic Hawkeye Transfer Building at 340 S.W. Fifth St. downtown. Intended in part to recognize the developer for spearheading a renaissance …

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AIB expanding Activities Center for more sports


Things were starting to get a little cramped in AIB College of Business’ Activities Center.

The $5 million, 12-year-old facility will house more sports next year, and will add more space to do so.

AIB …

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Judge places a portion of West Glen in receivership

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 …

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Equitable Building developer sentenced in asbestos case

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. …

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PricewaterhouseCoopers expects CRE recovery to continue

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 …

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Care Initiatives wants nursing homes reclassified

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 …

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Storage planned for Fridley’s downtown space

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 …

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Ames chosen as Hipra’s North American headquarters

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 …