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Real Estate and Development

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More investors to surface as rental market improves

Low interest rates and an extension of Bush-era tax rates will entice more investors to purchase apartment properties this year as the credit markets improve, said Rick Krause, a senior associate with CB Richard Ellis/Hubbell …

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Regional lender says West Glen owners in default

Financial turmoil at West Glen Town Center continues, with a lender based in Jefferson City, Mo., claiming that the commercial and residential district is in default on a $30 million loan.

Midwest Independent Bank claims …

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Regional lender says West Glen in default on development loan

Financial turmoil at West Glen Town Center continues, with a lender based in Jefferson City, Mo., claiming that the commercial and residential district is in default on a $30 million loan.

Midwest Independent Bank claims …

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Construction spending falls to lowest level in 10 years

Construction spending fell 2.5 percent in December to a seasonally adjusted annual rate of $788 billion, the lowest level in 10 years, according to an analysis of new Census Bureau data by the Associated General …

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Silicon Valley market improves as tech firms grow

Silicon Valley’s commercial real estate market is improving as high-tech companies such as Google Inc. and Cisco Systems Inc. add employees, The Oakland Tribune reported.

 

Last year, more than 1 million square feet of …

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AIA office space achieves LEED

The Capital Square office space occupied by the Iowa chapter of the American Institute of Architects has achieved Leadership in Energy and Environmental Design, or LEED, certification from the U.S. Green Building Council. The remodeled …

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Nonresidential construction spending down in December

Total nonresidential construction spending was down 1.6 percent in December from November, and down 6.4 percent from December 2009, according to U.S. Census Bureau information released by Associated Builders and Contractors Inc. (ABC).

Nonresidential construction …

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Home contracts down, prices up

The Des Moines Area Association of Realtors said today that though the number of contracts signed by local home buyers was down to 7,677 in 2010 from 8,522 the prior year, the Des Moines housing …

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Chicago No. 2 in foreclosures last year

In 2010, lenders repossessed more homes in and around Chicago than they did in all but one other U.S. metropolitan area, Crain’s Chicago Business reported. According to a report released Thursday by RealtyTrac Inc., an …

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Planning a tax protest


Tom Knapp is preparing for spring, the season of property tax protests.

Knapp is a property manager for NAI Ruhl & Ruhl Commercial Co. in West Des Moines. He is a former property appraiser with …