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Real Estate and Development

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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 …

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GSA seeking office/industrial space

The General Services Administration (GSA) is seeking an approximately 24,367-square-foot space to lease in Greater Des Moines. The agency, which on Feb. 16 posted a notice on www.fbo.gov, indicated that is was interested in leasing …

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DART manager to talk at ICREA meeting

On March 3, the Iowa Commercial Real Estate Association will hold its monthly breakfast meeting at the Sonoma Building, 1089 Jordan Creek Parkway in West Des Moines. Brad Miller, general manager of the Des Moines …

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Signed Lease Transactions (Week of Feb. 20)

Crown Family Dental has leased 4,150 square feet of office space at 3708 Merle Hay Road in Des Moines. The tenant represented itself. Rich Eychaner and Andy Burton, both of Eychaner Properties Inc., represented the …

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Home Builders select Ironwood for HomeShowExpo

The Home Builders Association of Greater Des Moines has selected Ironwood Plat 5 in Altoona as the site for its annual HomeShowExpo, to be held July 22-31. It’s the first time in the event’s 36-year …

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Partnership Building on the auction block

The Greater Des Moines Partnership Building is going on the auction block. Bidding on the 10-story office and retail property at 700 Locust St. is scheduled to begin at 11 a.m. today on www.auction.com.
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Midwest Partnership EDC is looking for a new director

Jason White will start work April 1 as executive director of the Warren County Economic Development Corp., replacing Tiffany Coleman, who now is the development coordinator for the Urbandale Development Association. White has been the …

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SBA announces commercial real estate refinancing loans

The U.S. Small Business Administration (SBA) announced Thursday that it will make up to $15 billion available through a new, temporary loan program over the next two years. The loans are designed to assist small …

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