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Real Estate and Development

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General Growth hopes to sell 19 malls

General Growth Properties Inc. wants to sell 19 shopping malls and use the proceeds to pay debts, the Wall Street Journal reported.

General Growth, which emerged from bankruptcy last November with new management and new …

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Housing for all


There’s a variable in the economic development and community vitality equation that is rarely discussed. It’s the availability of safe, stable and affordable housing, and it can play a significant role in future economic recovery …

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Bankers Trust launches website targeted to real estate professionals, consumers


Bankers Trust Co. has launched a website that brings various aspects of local real estate to one location.

The Resident Insider debuted April 28. It provides a single source of information about real estate agents, …

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AP Lofts welcomes commercial tenant from Los Angeles


AP Transfer Lofts’ newest commercial tenant arrived in Des Moines last week carrying clothing crafted by independent Los Angeles-based fashion designers.

Rebekah Risbeck, an Iowa native and recent California resident who traveled here on Feb. …

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Whole Foods announces West Des Moines location

Whole Foods Market Inc. announced today its first Iowa location.

The 30,000-square-foot store, which will offer organic fruits and vegetables, meats and poultry, and specialty items, will be located at Water Tower Place, 4100 University …

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Institutions displace REITs as top office buyers

Institutional investors displaced real estate investment trusts (REITs) as the top buyers of office properties during the first quarter, REIT.com reported.

Net purchases by institutional investors totaled nearly $1.4 billion, compared with $1.3 billion in …

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Iowa CCIM chapter wins award

The Iowa chapter of Certified Commercial Investment Member (CCIM) Institute won a President’s Cup Award in a competition sponsored the national organization. The award, which is intended to recognize local CCIM chapters for innovative and …

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BNIM’s Berkebile to speak at COSC luncheon

Bob Berkebile, a principal of BNIM Architects, will be the featured speaker at Center on Sustainable Communities’ (COSC) Sustainable Commercial Development luncheon on May 25. The event is scheduled to take place from 11:30 a.m. …

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Mercy Clinics makes skywalk move

On May 2, Mercy Clinics relocated its flagship Quick Care Clinic to the skywalk level of Capital Square from the Equitable Building. A spokeswoman with Mercy Clinics said the move to the approximately 2,000-square-foot space …

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Signed Lease Transactions (Week of May 2)

K&V Homes has leased 1,600 square feet of space at Crossroads Business Park, 2003-2155 S.E. 37th St. in Grimes. The tenant was represented by BJ Connolly of Iowa Realty Commercial. The landlord, Crossroads Business Park …