Real Estate and Development

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 …

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The number of foreclosure filings in the United States fell last month to the lowest level in nearly four years as banks delayed processing defaults, Bloomberg reported.

Saddled with an increasing inventory of seized properties, …

Fannie Mae is expanding buyer incentives it began offering in 2010 to buyers who close on one of the foreclosed houses in its portfolio, the Washington Business Journal reported. It is also reviving incentives to …

Des Moines city officials have recommended that the lower portion of the former YWCA at 717 Grand Ave. should be spared the wrecking ball and that demolition should be limited to the upper floors. The …

Richard Moffitt, co-founder of the Regency residential and commercial development companies, has filed to liquidate assets under federal bankruptcy laws.

Moffitt, who founded Regency with the late Michael Myers, claimed $991,585 in assets and nearly …