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Real Estate and Development

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Realtors: Local housing market ‘stable’

Homes in Des Moines sold last month for an average of $166,838, up $8,800 from October, according to a report by the Des Moines Area Association of Realtors (DMAAR). According to statistics compiled by the …

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Prairie Meadows to break ground on hotel

Prairie Meadows Racetrack and Casino will break ground on its new hotel at noon next Monday, Dec. 13.

The hotel will adjoin the Meadows Events and Conference Center. The hotel is budgeted to cost nearly …

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Makeover, sale of Court Avenue property planned

The former owners of Judge Roy Bean’s at 210 Court Ave. in Des Moines hope to remodel or sell the downtown property that housed their restaurant for 26 years.

The nearly 6,000-square-foot space has been …

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Goldman, Citigroup expected to sell commercial debt

Goldman Sachs Group Inc. and Citigroup Inc. hope to sell nearly $900 million in commercial-mortgage-backed bonds, Bloomberg reported.

Citing an unnamed source said to be familiar with the matter, Bloomberg reported that the $876 million …

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Subway slated for Altoona

Mid-Iowa Subway Inc. is developing a 2,080-square-foot restaurant at 1001 N. Hickory Blvd. in Pleasant Hill. The stand-alone Subway will be located on the former site of a Phillips 66 gas station, which closed about …

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More affordable housing for Anawim

Anawim Housing is set to break ground on a multifamily housing project Thursday near the intersection of Forest Avenue and 23rd Street in Des Moines. The 16-unit building is part of a collaborative effort by …

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Grubb expands agreement with CoStar

Grubb & Ellis Co., one of the largest commercial real estate services and investment firms in the world, will begin offering to its nearly 6,000 professionals expanded access to industry information provided by CoStar Group …

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A complicated company becomes more nimble


An organizational contraction at The Weitz Co. can be attributed in part to the weak economy; otherwise, the 155-year-old company is smaller today because of its ability to plan ahead.

Earlier this year, the employee-owned …

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A per-Plexing problem


Now that Veterans Memorial Auditorium is finally undergoing rehab – it’s basically a good building that got involved with the wrong crowd – we need to get serious about the future of the Polk County …

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Pending home sales rise surprises economists

The Pending Home Sales Index rose 10.4 percent to 89.3 based on contracts signed in October, according to the National Association of Realtors (NAR).

The 10.4 percent increase was a record, according to Bloomberg, and …