Real Estate and Development

The Des Moines Area Association of Realtors reported that 530 contracts to purchase homes were written in January, and that there were 5,086 active listings.

That compares to 554 contracts written in January 2010, but …

The average rate on a 30-year fixed-rate mortgage climbed to 5.05 percent today, the fourth consecutive weekly increase, Bloomberg reported.

The 0.24 percentage point gain for the week ended Feb. 10 brought U.S. mortgage rates …

The Iowa Commercial Real Estate Association today installed its 2011 officers and directors. Kyle Gamble, managing director of CB Richard Ellis/Hubbell Commercial, will serve as the nonprofit trade association’s president. Matt Lundberg of NAI Ruhl …

Fewer foreclosure filings were made in January compared with the year-earlier period, MarketWatch.com reported.

According to a report released on Thursday by RealtyTrac Inc., the volume of foreclosure filings fell 17 percent last month from …

Hubbell Realty Co. announced that the development of Cedarbrooke Place Apartments in Norwalk is scheduled to begin next month. The first two phases of the project, which will consist of a 24-unit building and a …

Bank of America Corp. has agreed to dismiss a federal lawsuit it filed in October 2010 against Ankeny businessman Dennis Albaugh, an investment partner and a development company in Marco Island, Fla., according to a …

A change of plea hearing is scheduled for Feb. 15 in U.S. District Court in Des Moines for Russell Coco, who was charged along with developer Bob Knapp of fraud and other counts stemming from …

U.S. commercial property prices are on the rise, and some may have gotten so high that landlords may not be able to generate enough rent to justify the costs, Reuters reported.

“I think we’ve bottomed, …

Lending in the commercial real estate market increased 63 percent in the fourth quarter of 2010 from the prior quarter, The Wall Street Journal reported.

In 2010, $110 billion in commercial mortgages were originated for …

CB Richard Ellis Group Inc. reported a fourth-quarter 2010 profit of $95.1 million, or 30 cents per share, compared with $64.3 million, or 21 cents per share, for the year-earlier period. The Los Angeles-based company, …