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Real Estate and Development

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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. …

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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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