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Real Estate and Development

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Out of the rough


Robert Pulver is broad-shouldered and effusive – a talker who looks as though he could carry the burden of a thousand complaints.

With that said, he has this message for members of Glen Oaks Country …

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Norwalk projects prepare city for further growth


Norwalk is growing up.

When the newly renovated city hall reopens next month, the structure will house a council chamber with seating for 75 people, which will be a first for the community.

“We’ve never …

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Is there light ahead?


Kris Young hopes to tunnel out of an economic rut that led her Pleasant Hill underground construction company to file for bankruptcy protection earlier this year.

Following a tough recession that brought nonresidential construction to …

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Hy-Vee to expand in Chariton

The Iowa Economic Development Board this morning approved a tax-incentive package for Hy-Vee Inc. to expand its refrigerated food facility at its Chariton distribution center. The project represents an $18.3 million investment by the West …

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Institutions overtake REITs as property buyers

Institutional investors overtook real estate investment trusts (REITs) as the largest purchasers of U.S. office buildings in the first quarter, and a revival in the commercial mortgage-backed securities (CMBS) market is boosting credit availability as …

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First phase finished at Springs of Jordan Creek

Milwaukee-based Continental Properties Co. Inc. has completed the first phase of Springs at Jordan Creek, a multifamily housing project at 8655 Bridgewood Blvd. in West Des Moines. The initial 122,600-square-foot phase included 116 apartment units …

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Signed Lease Transactions (Week of May 16)

Beckwith Bakery has leased 650 square feet of retail space at 106 E. First St. in Ankeny. The tenant was represented by Mary Elwell-Steele of Denny Elwell Co. The landlord, Elwell Inc., was also represented by …

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Home builders aren’t warming to the market

An index that measures the confidence of home builders was unchanged in May, suggesting virtually no improvement in the moribund U.S. housing market, MarketWatch reported. The National Association of Home Builders said its Housing Market …

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Latin King owner to open downtown brewery

The owner of a popular East Side restaurant plans to open a downtown brewery and offer European-style lagers to consumers in Greater Des Moines and other markets.

Robert Tursi, who has owned and operated Tursi’s …

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ISU Research Park readies for new development


Founded on the heels of the farm crisis in the late 1980s, Iowa State University Research Park has housed dozens of start-up companies in the past 25 years.

Now, as the small-business incubator south of …