Real Estate and Development

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 …

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 …

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 …

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 …

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 …

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 …

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 …

The Greater Des Moines commercial real estate market appears to have bottomed out, but tenants will continue negotiating less expensive leases on office, retail and industrial spaces as the economy improves, brokers with CB Richard …