AABP EP Awards 728x90

Real Estate and Development

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Home sales up from previous month, down year-over-year

Des Moines area home sales in April were up 10 percent from March, but were down 25 percent from a year earlier, according to the Des Moines Area Association of Realtors.

There were 626 contracts …

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Homeowners with negative equity still growing

More than 28 percent of U.S. homeowners owed more than their properties were worth in the first quarter, as housing values fell the most since 2008, Zillow Inc. said today. Homeowners with negative equity increased …

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Construction employment stagnates

The construction industry added 5,000 jobs in April, and the sector’s unemployment rate fell slightly to 17.8 percent, according to an analysis of new federal employment data by two independent trade groups.

Associated Builders and …

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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 …