Real Estate and Development

Construction spending rose in November for a third straight month, boosted by funding for homebuilding and federal government projects, the U.S. Department of Commerce said today. The 0.4 percent increase exceeded the median forecast of …

The Indianola Development Corp. (IDC), formed in May 1962 as a for-profit company that bought land for economic development, came to an end Dec. 22 when its shareholders voted to merge with the Indianola Development …

Foreign real estate investors overwhelmingly ranked the U.S. commercial real estate market as their top choice for investment this year and viewed it as the best opportunity for price appreciation, Reuters reported, based on a …

Principal Financial Group Inc.’s Principal Real Estate Investors released its 2011 Outlook for U.S. commercial real estate yesterday.

There is reason for optimism, according to the report, as real estate investment firms have performed well …

The Hyatt Place Des Moines/Downtown hotel is officially open for business.

Hyatt Hotels and Resorts opened the hotel, located in the Liberty Building at 416 Sixth Ave., on Dec. 23.

The 93-room hotel is the …

A California real estate investment trust said today that it has bought the 147 rental units at Park Place Apartments, 615 Park St., in downtown Des Moines. The 16-story structure was built in 1986, and …

Hub Tower has sold for slightly more than half of its assessed value of $13.2 million, according to a property record filed Wednesday.

Employers Mutual Insurance Co. (EMC) paid $7 million for the 20-story structure …

Home prices in Iowa should appreciate during the next 12 months, according to a report by Santa Ana, Calif.-based Veros Real Estate Solutions.

The company provides a 12-month price forecast on national real estate marketing …

A Richmond, Va.-based auto dealer plans to build on an Urbandale site that was once slated for a Lithia Motors Inc. dealership.

On Dec. 20, the Urbandale Planning and Zoning Commission recommended that the City …