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Real Estate and Development

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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 …

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Bargain prices, bold developments marked 2010


Greater Des Moines continued to feel the effects of the collapse in real estate markets in 2010. At the same time, some old stories added new chapters.

The sale of Hub Tower at 699 Walnut …

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Principal releases commercial real estate outlook

Principal Financial Group Inc.’s Principal Real Estate Investors released its 2011 Outlook for U.S. commercial real estate yesterday.

There is reason for optimism, according to the report, as real estate investment firms have performed well …

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Hyatt opens in downtown

The Hyatt Place Des Moines/Downtown hotel is officially open for business.

Hyatt Hotels and Resorts opened the hotel, located in the Liberty Building at 416 Sixth Ave., on Dec. 23.

The 93-room hotel is the …

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