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Real Estate and Development

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Grubb & Ellis may be delisted from NYSE

Grubb & Ellis Co. said it has been notified that the commercial real estate brokerage is out of compliance with the New York Stock Exchange’s listing standards, the Dallas Business Journal reported. The stock exchange …

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City approves industrial site for residential construction

Vacant land that was slated for the development of industrial buildings on Des Moines’ East Side could become the site of 210 homes following a property owner’s request to amend a planned unit development.

Mike …

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Minnesota manufacturer buys former Maytag facility

A Minnesota-based manufacturer of folding cartons has purchased the building that formerly housed a Maytag Corp. regional distribution center in Newton.

Chris Pendroy and Kermit Marsh, both of Terrus Real Estate Group LLC, represented Los …

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Firestone proposes Urbandale location

Firestone Complete Auto Care plans to construct an 8,473-square-foot automotive repair and tire sales facility at 4850-4858 N.W. Urbandale Drive in Urbandale. On April 11, the Urbandale Planning and Zoning Commission recommended that the City …

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COSC lunch to focus repurposing urban spaces

Repurposing urban spaces will be the focus of the Center on Sustainable Communities (COSC) and the Greater Des Moines Partnership’s second “Sustainable Commercial Development Luncheon Learn.” The event, which costs $15 for COSC and Partnership …

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Bondurant sets Developers Conference

Bondurant Development Inc., a nonprofit organization that works to improve and expand the business climate of that community, will host its annual Developers Conference on May 5. Following an update on the latest development activity …

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Report: Principal is platinum

Principal Real Estate Investors is one of the “greenest” commercial real estate companies in the United States, according to Commercial Property Executive magazine. Principal Real Estate, the fourth-largest institutional real estate manager in the United …

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Signed Lease Transactions (Week of April 10)

Holm Graphic Services Inc. has leased 11,682 square feet of office and industrial space at 601 S.W. Ninth St. in Des Moines. The tenant was represented by Shannon Morton and Aaron Hyde, both of Ferguson …

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Des Moines area home sales up in March

Home sales in the Des Moines area were up 36 percent from February with 568 homes sold in March, according to figures from the Des Moines Area Association of Realtors (DMAAR).

Compared with March 2010, …

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Vintage Business Park nearly ready for tenants


The first multi-tenant office building to be constructed in the 84-acre Vintage Business Park at Prairie Trail in Ankeny is nearing completion, and the first tenant is expected to move in within the next few …