Real Estate and Development

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ICREA Expo panelist shares take on distressed assets

Dealing with distressed assets was a highlight of Tuesday’s “Following the Fallout” panel discussion during the 2010 Iowa Commercial Real Estate Association Expo.

Chuck Hendricks, a vice president and senior asset manager with Overland, Kan.-based …

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Equitable Building sold to lender

The Equitable Building was sold today at a Polk County sheriff’s sale for $2.8 million. The winning bid was tendered by Great Southern Bank.

On April 30, 2009, Vantus Bank, which last September was closed …

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Millang: Broker, investor, traveler, mentor


Todd Millang’s rugged appearance is more expressive of an outdoorsman than of a high-powered commercial real estate broker who represents high-profile clients.

But don’t let the tousled brown hair and a wiry beard fool you. …

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Major Pioneer expansion good to go


The Johnston City Council has approved a development agreement that clears the way for construction of a $40 million research facility at Pioneer Hi-Bred International Inc.

Under the agreement, the city will provide tax increment …

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Former Saturn of Des Moines property sold


RJW LLC, a limited liability corporation managed by Rich Willis, has purchased the former Saturn of Des Moines dealership property at 9900 Hickman Road in Clive.

Polk County land records show that RJW paid $2.9 …

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Home supply down amid flat sales

In August, the supply of houses on the market fell to its lowest level in 42 years as new single-family home sales were flat, Reuters reported.

Falling short of analysts’ expectations that home sales would …

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Home sales slow to recover; unemployment benefits up

Sales of existing homes in the United States probably climbed in August to the second-lowest level on record, indicating housing remains depressed a year after the economic recovery began, economists said before a report today.…

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Rezoning request spurs Ingersoll Avenue discussion

The intended use of a proposed commercial building at 4223 Ingersoll Ave. may thwart Dan Stanbrough’s plan to move his project forward.

The developer wants the city of Des Moines to rezone that parcel to …

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MLK Brickstone II to start as first phase finishes

Hatch Development Group hopes to break ground on MLK Brickstone II, a 30-unit affordable-housing development at 1051 19th St., before winter weather impedes its progress.

“We’re trying to get the site work done before the …

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West Des Moines Warehouse planned

On Sept. 20, the West Des Moines City Council approved a site plan for DEGH LLC to construct an 11,350-square-foot mixed-use building at 1611 Fuller Road. According to city records, the Eggers and Ghrist Warehouse …