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Real Estate and Development

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General contractors to meet

The Associated General Contractors of Iowa will hold its state convention in Des Moines on Jan. 12-14 at the Holiday Inn – Airport. An estimated 800 people are expected to attend the convention, according to …

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Investors take more risks in office market

The investment market for office buildings is booming after a two-year pause, though the commercial real estate industry still faces several challenges, The New York Times reported.

Investors are beginning to take more risks, such …

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Investors may cool to REITs as economy improves

Real estate investment trusts, or REITs, aren’t expected to perform as strongly in 2011 as the economy improves, Reuters reported.

Last year, the average 3.81 percent dividend on REITs was about a point higher than …

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Knapp acquires retail investment property

William C. Knapp LC has acquired a West Des Moines retail property from New Millennium II LC for $4.75 million. Walgreen Co. holds a long-term lease on the 14,392-square-foot building at 1999 Grand Ave., which …

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Sullivan leaves CBRE, joins Ruhl & Ruhl

Kevin Sullivan has joined NAI Ruhl & Ruhl Commercial Co. as a vice president. The 62-year-old commercial real estate broker, who focuses primarily on the sale and leasing of industrial properties, launched his career at …

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Stewart promoted to properties director

Sherry Stewart has been promoted to executive director of properties at Iowa Health – Des Moines. Stewart, who will continue to be responsible for all Iowa Health – Des Moines construction and design projects, will …

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Signed Lease Transactions – Week of Jan. 3

Upper Iowa University has leased 26,250 square feet of office space at 5000 Westown Parkway in West Des Moines. The tenant was represented by UGL Services and Morey Knutsen of CB Richard Ellis/Hubbell Commercial. The …

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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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