Real Estate and Development

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Iowa Finance Authority gives grant for homeownership education

The Iowa Finance Authority (IFA) announced yesterday that it has approved a $44,000 grant to the Iowa Home Ownership Education Project (IHOEP). IHOEP will use the funds to support its grant program for nonprofit agencies, …

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R&R Realty opts to remodel Three Fountains


R&R Realty Group is remodeling its Three Fountains Office Park at 42nd Street and Westown Parkway in West Des Moines as the economic downturn continues to stall new development opportunities.

The company is self-financing the …

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Following awards, Hubbell advances affordable-housing plans

Hubbell Realty Co. said it will soon break ground on three affordable-housing developments in Greater Des Moines, including its long-planned renovation of the Sealy Building at 309 S.W. Eighth St. downtown.

A 31-unit senior-housing project …

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August construction unemployment highest on record

The construction industry’s unemployment rate stood at 17 percent last month, the highest August rate ever recorded, the Associated General Contractors of America (AGC) said.

Though the sector added 19,000 jobs in August, the association …

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Architects support Habitat chapters

On Sept. 18, architects, intern architects, architectural students and others will take part in “Architecture for Humanity,” an event intended to support Habitat for Humanity chapters in Des Moines, Iowa City and Sioux City. In …

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Report: Industrial assets faring better than others

The industrial sector has a lower share of distressed assets compared with other commercial real estate property types, according to a third-quarter leading indicator report by CB Richard Ellis Inc.

Of about 9,960 properties valued …

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Affordable housing projects planned

Gov. Chet Culver this week announced awards of more than $181.6 million that will help fund the construction of 1,597 affordable housing units.

The Iowa Finance Authority (IFA) allocated $160.7 million in low-income housing tax …

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Rasmussen Center recognized

Grand View University’s Rasmussen Center for Community Advancement Professions was named a runner-up in the Smartest Building in America Challenge, in which judges consider criteria such as the use of Apogee or Talon building automation …

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MHEG finds investors for Cedar Rapids project.

Community Housing Initiatives Inc. and Affordable Housing Network Inc. have partnered to acquire Sugar Creek Bend LLLP, a new development that will include the construction of 20 single-family homes in Cedar Rapids. Midwest Housing Equity …

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Whirlpool Corp. to expand in Tennessee

Whirlpool Corp. announced plans to build an approximately 1 million-square-foot manufacturing facility for built-in, premium cooking products in Cleveland, Tenn. The new operation in the LEED-certified facility will replace a 100-year-old manufacturing plant in that …