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Real Estate and Development

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National investment sales up as tertiary markets simmer

Nationwide, commercial property sales volumes increased by 80 percent in 2010 compared with the prior year, according to a report last week by CB Richard Ellis/Hubbell Commercial’s (CBRE) Iowa Private Client Group.

“One of the …

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Construction spending drops to lowest level since 2000

Construction spending dropped 0.7 percent from $798 billion annual rate in December to $792 billion in January, the slowest spending pace since July 2000, according to the Associated General Contractors of America in a report …

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Clark is Realtor of the Year

Ken Clark has been named Des Moines Area Association of Realtors Realtor of the Year for 2010. He has been in real estate for more than 39 years and a sales associate and an office …

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Peoples Co. to share lot inventory, housing statistics

Peoples Co.’s fourth annual Builder & Development Luncheon will take place beginning at noon on March 2 at the Sheraton West Des Moines Hotel, 1800 50th St. Martha Willits, president and CEO of the Greater …

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City wants LEED-oriented study of five downtown buildings

The city of Des Moines’ engineering department has issued a request for proposals seeking a consultant to analyze the energy usage of five downtown office buildings. The buildings are the Hub Tower, 699 Walnut St.; …

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Clark named realtor of the year

Ken Clark has been named the Des Moines Area Association of Realtors Realtor of the Year for 2010.

Clark has been in real estate more than 39 years and has been both a sales associate …

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Home sales reach 8-month high

Existing home sales increased to the highest level in eight months in January, Bloomberg reported.

Purchases increased by 2.7 percent to a 5.36 million annual rate, according to figures from the National Association of Realtors …

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Office rents to rise this year

U.S. office rents fell in 2010 to $25.62 a square foot from $26.84 the prior year, but will increase this year, Bloomberg reported.

 

The growth, which will be “modest and limited to key markets” …

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Stalled projects get second life

Some long-stalled commercial real estate projects are springing back to life as large banks start to lend again.

 

The Wall Street Journal reported that the amount of construction lending financed by J.P. Morgan Chase …

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Commercial property prices dip in December

U.S. commercial real estate prices fell 0.9 percent in December from the prior month, The Wall Street Journal reported, citing Moody’s Investors Service and Real Estate Analytics LLC. It was the first decline in three …