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Real Estate and Development

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New home sales rose 11 percent last month

Sales of new U.S. homes rose in March and the number of properties on the market was its lowest since the 1960s, but further gains will be hampered by stiff competition from a glut of …

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Government report expected to show increase in sales of new houses

Purchases of new houses in the United States probably rose in March from a record low, economists told Bloomberg in advance of the release later today of government housing data.

New-home sales, tabulated when contracts …

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Deadline nears for tax credit workshop registration

Owners of historic buildings will have until April 26 to register for a State Historic Tax Credit Program workshop scheduled for May 5 in Davenport. The workshop, which will provide in-depth information on Iowa’s historic …

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Westgate to renovate 1408 Locust for Flynn Wright


Westgate Partnership LLC kicked off its redevelopment of the Kruidenier Cadillac Automobile Co. Building last week after signing a new tenant and securing funds to tackle the multimillion-dollar project.

Advertising agency Flynn Wright is slated …

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Hospitals prepare for influx as others weigh options

Hospitals are creating more spaces for patients as medical professionals prepare to deal with an influx of new customers, American Medical News reported.

Though most experts concur that additional outpatient medical offices will be needed …

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Latest bank closures tied to commercial real estate

Commercial real estate accounted for more than three-fourths of the troubled loans on the books of the most recently failed banks, HousingWire reported.

Citing analytics firm Trepp LLC, HousingWire said six banks with assets totaling …

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Rotarians, brokers gather to help Sayeed family

Members of the Rotary Club of Des Moines A.M. joined commercial real estate brokers Kevin Crowley, Kyle Gamble, Todd Millang, Tyler Dingel and Heath Bullock, and other supporters, to help the widow and family of …

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Hurd Realty acquires West Glen property

Operating as Hurd West Glen LLC, Hurd Real Estate acquired the building and land at 5445 Mills Civic Parkway in West Glen Town Center for $825,500. The 7,000-square-foot Harmony Building was originally constructed to house …

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Harper to manage Principal Real Estate team

Doug Harper has joined Principal Real Estate Investors as managing director of real estate sales. Based in Atlanta, Harper will lead U.S. real estate investor sales for the Des Moines-based firm, which manages or subadvises …

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Construction employment data signal ‘spotty’ recovery

Employment in Iowa’s construction work force held steady last month as 19 states added jobs in the embattled industry, according to the Associated General Contractors of America (AGC). Based on an analysis of state employment …