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Real Estate and Development

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Subway chain shows fourth-quarter growth

The Subway restaurant chain has opened more than 500 restaurants encompassing about 600,000 square feet of retail space in the final months of 2010, National Real Estate Investor reported.

The Milford, Conn.-based company, which has …

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Health-care reform supports increased demand for medical space

The Patient Protection and Affordable Care Act, which was passed into law during the first half of 2010, is expected to significantly increase demand for medical office space, GlobeSt.com reported.

The recent acquisition of a …

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Aviva USA headquarters attains LEED Gold status

Aviva USA announced today that its new West Des Moines headquarters has been certified as a Leadership in Energy and Environmental Design (LEED) Gold building by the U.S. Green Building Council.

The eight-story, 360,000-square-foot structure …

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Stowe to present at ICREA meeting

Bill Stowe, director of public works for the city of Des Moines, will present at the Iowa Commercial Real Estate Association’s meeting on Jan. 6. Stowe will give an update on the city’s infrastructure and …

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ABI relocates to East Village

The Iowa Association of Business and Industry (ABI) has relocated to 400 E. Court Ave. in the East Village. Leisa Fox, the association’s vice president of membership, said in a press release that her organization …

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Hubbell sells downtown apparel store

Hubbell Realty Co. announced this week that it has sold its collegiate and professional athletic apparel and accessories store, The Stadium, to Cory Moore, who has managed the downtown shop since it opened in November …

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Olive Garden to open Monday in Ankeny

Olive Garden will open its newest restaurant at 770 S.E. Oralabor Road in Ankeny at 4 p.m. on Jan. 10, the company announced yesterday.

The addition of the 246-seat, 7,441-square-foot restaurant is expected to create …

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Homebuilding, government projects boost construction spending

Construction spending rose in November for a third straight month, boosted by funding for homebuilding and federal government projects, the U.S. Department of Commerce said today. The 0.4 percent increase exceeded the median forecast of …

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Indianola development group signs off on merger

The Indianola Development Corp. (IDC), formed in May 1962 as a for-profit company that bought land for economic development, came to an end Dec. 22 when its shareholders voted to merge with the Indianola Development …

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U.S. property is tops with foreign investors

Foreign real estate investors overwhelmingly ranked the U.S. commercial real estate market as their top choice for investment this year and viewed it as the best opportunity for price appreciation, Reuters reported, based on a …