AABP EP Awards 728x90

Real Estate and Development

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Seeing is believing that design dreams can come true


In downtown Des Moines – or Kansas City, Mo., or Omaha or Manhattan – what you see is what Architectural Wall Systems Co. (AWS) delivers.

The West Des Moines company has been hanging the skin …

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Written housing contracts up in February

The Des Moines Area Association of Realtors (DMAAR) today reported a 21 percent increase in home-sale contracts written in February, with 639 for the month.

The median sale price of a home in Des Moines …

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CDO deal may be on horizon

A deal expected to surface as early as this year could mark the return of the commercial real estate collateralized debt obligation (CDO) market, Reuters reported.

CDOs, which provide more structural flexibility than commercial mortgage-backed …

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Southridge owner acquires Phoenix property from Penney’s

The Macerich Co. has acquired the remaining 50 percent ownership of the Desert Sky mall in Phoenix for $27.6 million, the real estate investment trust’s second acquisition in less than two weeks.

California-based Macerich, which …

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Composites One plans new industrial building

Composites One LLC, a distributor of composite materials, plans to construct a 40,000-square-foot warehouse near the 3500 block of Southeast Gateway Drive in Interstate Gateway Business Park in Grimes. On Feb. 24, the Grimes City …

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Fortune: CBRE most admired in real estate

Fortune magazine has named CB Richard Ellis Group Inc. (CBRE) to its annual roster of the “Most Admired Companies” in the U.S. real estate industry. The Los Angeles-based company was the highest-ranked commercial real estate …

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Casey’s picks up QuikTrip properties in Missouri

Ankeny-based Casey’s General Stores Inc. has signed a purchase agreement to acquire five QuikTrip Corp. convenience stores in the Springfield, Mo., metropolitan area. “These stores have been well maintained and are high-volume locations that will …

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LoopNet lands record number of visitors

LoopNet Inc. attracted an average of 2.7 million unique visitors to its website in both January and February, a record high for the commercial property marketing and information services company. The 40 percent increase from …

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Report: 11.2 percent of Des Moines area properties in negative equity

In Des Moines and West Des Moines, 11.2 percent of all residential properties with a mortgage were in negative equity for the fourth quarter of 2010, according to data released by information and analytics provider …

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Construction sector adds 33,000 jobs

The construction industry added 33,000 jobs in February – the sector’s largest monthly gain since March 2007 – according to an analysis of new federal employment data released today by the Associated General Contractors of …