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Real Estate and Development

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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 …

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BNIM’s Berkebile to speak at COSC luncheon

Bob Berkebile, a principal of BNIM Architects, will be the featured speaker at Center on Sustainable Communities’ (COSC) Sustainable Commercial Development luncheon on May 25. The event is scheduled to take place from 11:30 a.m. …

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Mercy Clinics makes skywalk move

On May 2, Mercy Clinics relocated its flagship Quick Care Clinic to the skywalk level of Capital Square from the Equitable Building. A spokeswoman with Mercy Clinics said the move to the approximately 2,000-square-foot space …

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Signed Lease Transactions (Week of May 2)

K&V Homes has leased 1,600 square feet of space at Crossroads Business Park, 2003-2155 S.E. 37th St. in Grimes. The tenant was represented by BJ Connolly of Iowa Realty Commercial. The landlord, Crossroads Business Park …

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Construction spending up for month, down year-over-year

Spending on private nonresidential construction increased 1.8 percent in March from February, according to yesterday’s report by the U.S. Census Bureau.

Year over year, spending has dropped 10.2 percent. Total nonresidential construction on spending was …

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Coldwell Banker bestows Chairman’s Circle award

Coldwell Banker Mid-America Group Realtors has been named to the Coldwell Banker Chairman’s Circle. The designation, which is given to companies that attained closed adjusted gross commission income of $8 million or more during 2010, …

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Des Moines developer receives tax-credit award

Oakhill Jackson Brickstones, a low-income housing tax credit project in Cedar Rapids, has been recognized in the 17th annual Charles L. Edson Tax Credit Excellence Awards as the “Best Affordable Housing Project in America for …