Real Estate and Development

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GMAC mortgage brokers told to halt foreclosures in Iowa, elsewhere

Officials with Ally Financial Inc.’s GMAC Mortgage unit told brokers and agents to halt foreclosures on homeowners in Iowa and 22 other states, Bloomberg reported today.

GMAC Mortgage may “need to take corrective action in …

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Home builders remain dour

Home builder sentiment held steady in September, according to a survey released today that also pointed to a still-weak housing market, Reuters reported. The National Association of Home Builders/Wells Fargo Housing Market Index was unchanged …

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Grimes’ plan lays out vision for the future


With the adoption of a new comprehensive plan, the work of implementing the city of Grimes’ long-term vision can begin.

On Sept. 14, the Grimes City Council voted unanimously to approve the 113-page document, which …

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Ladco grows with regional medical projects


A year and a half ago, if Jon Garnaas was asked about the types of new projects Ladco Development Inc. was targeting, he would have listed several classes of commercial properties.

For the past 12 …

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Case closed on a Regency bailout loan


A Polk County judge dismissed a lawsuit earlier this month that was filed to salvage funds from a $25 million loan that was issued in 2007 to save the state’s largest housing contractor.

The Regency …

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Cross-border CRE investments up

Out of $132 billion in global commercial real estate investment in the first half of 2010, 43 percent involved cross-border activity, International Business Times reported.
 
That’s up from 31 percent in the first half …

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REITs ramp up

As the commercial real estate market continues to struggle, real estate investment trusts (REITs) are standing out, CNBC.com reported.
 
REITs raised $34.7 billion in 2009, according to the National Association of Real Estate Investment …

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Rehabbers seek historic nominations

The Des Moines Rehabbers Club is seeking nominations for its “Most Endangered Buildings” list. This is the third year the club has put together the list, which is intended to inspire discussions about the importance …

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CRE lobbyists spend more

A Washington, D.C.-based real estate group is spending more to lobby federal officials on behalf of the commercial property owners it represents. Bloomberg reported that the Real Estate Roundtable spent $930,000 on lobbying in the …

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Construction spending down

Spending on commercial property construction in the United States is expected to drop 14 percent this year, The Wall Street Journal reported. As demand for office and retail spaces remains far below pre-recession levels, and …