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Real Estate and Development

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Landlords more dependent on rents as prices rise

U.S. commercial property prices are on the rise, and some may have gotten so high that landlords may not be able to generate enough rent to justify the costs, Reuters reported.

“I think we’ve bottomed, …

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Commercial-property loans see fourth-quarter spike

Lending in the commercial real estate market increased 63 percent in the fourth quarter of 2010 from the prior quarter, The Wall Street Journal reported.

In 2010, $110 billion in commercial mortgages were originated for …

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CB Richard Ellis profit surges

CB Richard Ellis Group Inc. reported a fourth-quarter 2010 profit of $95.1 million, or 30 cents per share, compared with $64.3 million, or 21 cents per share, for the year-earlier period. The Los Angeles-based company, …

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Smith to revisit Nollen Plaza

Ken Smith, an Iowa State University graduate who went on to establish his own landscape design firm in New York City, will visit Des Moines to receive community feedback and share updated plans for the …

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Construction unemployment jumps

The unemployment rate for construction workers jumped to 22.5 percent in January as the industry’s nonresidential sector shed 35,300 jobs, according to an analysis of federal employment data by the Associated General Contractors of America. …

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Signed Lease Transactions (Week of Feb. 6, 2011)

TECO Westinghouse Motor Co. has leased 54,000 square feet of warehouse space at 5701 N.E. 17th St. in Des Moines. The tenant was represented by Morey Knutsen of CB Richard Ellis/Hubbell Commercial. The landlord, Papa’s …

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Analysts predict new home recovery in spring

Now that the Super Bowl is out of the way, Americans can turn their attention to house hunting, according to Bloomberg.

CEOs from six of the 10 largest U.S. home builders said spring could bring …

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Nollen Plaza designer to hold public meeting

Landscape architect Ken Smith, who is redesigning Nollen Plaza, will share updated plans and take feedback at a public meeting on Thursday.

Smith will give a presentation at 11:30 a.m. and 5 p.m. at the …

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Local company to offer daily deals

Webspec Design, an Urbandale-based Web development firm, has announced a new website that features daily deals such as 50 percent discounts on goods or services from locally owned businesses. The first daily deal will be …

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Southridge owner declares dividend

The Macerich Co. declared a quarterly cash dividend of 50 cents per share on its common stock. The dividend is payable on March 8 to stockholders of record at the close of business on Feb. …