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Real Estate and Development

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Miller won’t rule out criminal prosecutions in mortgage probe


State attorneys general and federal officials hope to reach a final settlement with banks over their mortgage-servicing and foreclosure practices within two months, Bloomberg reported.

Those talks involve banks and mortgage investors, Iowa Attorney General …

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Hatch Development to deliver 26 homes in Drake area


Twenty-six single-family homes could be added to the Des Moines landscape as Hatch Development Group continues its foray into the affordable-housing market.

The estimated $6 million infill development project is intended to replace a number …

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Iowa architects hope to diversify their ranks


Substance Architecture is approaching a diversity milestone, and it wasn’t by design.

Paul Mankins, a principal of the 10-year-old Des Moines firm, counted heads recently and confirmed that yes, Substance was on the pinhead of …

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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 …