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Real Estate and Development

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AGC taps Young as its first woman president

Kristine Young, CEO of Miller the Driller Inc., has become the first woman president of Associated General Contractors of America Inc. The trade group announced that Young, 60, was sworn in this morning during a …

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A Closer Look: Gene Meyer


Tell me a story about your educational background.

I love this story because I’m a 1973 graduate of Parsons College. And people kind of give me a bad time about Parsons College because it is …

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Loan payments deferred on Hubbell’s downtown mall


The city of Des Moines has agreed to defer payments and interest on the $2.1 million mortgage it holds on Hubbell Realty Co.’s downtown mall at 555 Walnut St.

On March 14, the City Council …

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Home sales hit record low

New single-family home sales fell in February to a record low, with prices the lowest they have been since December 2003, the U.S. Commerce Department said today.

Sales dropped 16.9 percent to a seasonally adjusted …

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EcoCore buildings identified, consultant selected

The city of Des Moines is poised to select Sebasta Blomberg, a Roseville, Minn.-based engineering and design firm with an office in Cedar Rapids, to conduct sustainability audits on five downtown properties as part of …

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CRE fundamentals improving, unevenly

U.S. commercial real estate fundamentals are on the upswing, according to a new survey from Pricewaterhouse Coopers. The Nashville Business Journal reported that the advisory firm is looking for the performance of the office, retail, …

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Grubb & Ellis explores options for merger, sale

Grubb & Ellis Co. said in a regulatory filing that it has hired investment bank JMP Securities LLC to help the company consider strategic alternatives, including a sale or merger, Bloomberg reported.

The Santa Ana, …

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Report: Global construction to outpace GDP

Global construction will outpace the world’s economic growth over the next decade, according to a report released in March by Global Construction Perspectives Ltd. and Oxford Economics Ltd. Advisory firm PricewaterhouseCoopers sponsored the Global Construction …

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Dealers association to build in Johnston

Iowa-Nebraska Equipment Dealers Association Inc. has acquired a 3.3-acre site in Johnston and plans to construct a 4,500-square-foot office building. Andrew Goodman, the trade association’s president, said construction is expected to begin on June 1 …

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Signed Lease Transactions (Week of March 23)

Mad Hat Ballroom has leased 2,520 square feet of retail space in Governor Square, 2700 University Ave. in West Des Moines. The tenant represented itself. The landlord, Governor Square LLC was represented by Jan Berg …