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Real Estate and Development

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Commercial mortgage, construction loan delinquencies rise

The delinquency rates for commercial mortgage and construction loans rose in the third quarter, according to preliminary estimates by Foresight Analytics.

Construction lending delinquencies, including commercial and residential loans, were up to an estimated 19.5 …

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Hubbell to rebuild Plumwood Terrace

Hubbell Construction Services, a division of Hubbell Realty Co., recently began reconstructing Plumwood Terrace Condominiums in Urbandale. In July, a fire destroyed the entire third floor and portions of the second and first floors of …

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Ankeny receives DOT grant for Crosswinds expansion

The city of Ankeny will receive a state transportation grant of nearly $1.4 million for street extensions in Crosswinds Business Park. The Iowa Transportation Commission yesterday approved a Revitalize Iowa’s Sound Economy (RISE) local development …

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Bank of America asks to delay Albaugh lawsuit

Bank of America Corp. has asked a federal judge in Des Moines to put a hold on a lawsuit it filed in connection with a Florida development operated by Ankeny businessman Dennis Albaugh. The lender …

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Senior housing cooperatives offering shares


The senior housing cooperative, an ownership model that’s been popular in Minnesota for years, is beginning to catch on in Central Iowa.

In Indianola, Vintage Hills Cooperative of Indianola is taking reservations for 38 independent-living …

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Home builder says it is bankrupt


Triton Group LLC, a Clive company that built homes in Iowa, Arkansas, Missouri and Nebraska, filed last week to liquidate its assets under federal bankruptcy laws.

The limited liability company listed assets of $203,029 and …

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Tenants flock to newly remodeled Park Fair Mall


Denny Elwell’s $3 million makeover of Park Fair Mall has helped the Ankeny-based developer turn it into a bustling North Des Moines shopping center.

In late 2006, the Iowa Motor Vehicle Division vacated its space …

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A stabilizing influence


Heidi Wessels is breathing a little easier these days, although each breath comes between the rapid-fire sentences she delivers when talking about Neighborhood Development Corp., where she has been executive director since February.

“I never …

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Plans are in the works for future development


The time to think about the future is now.

That’s the approach the Greater Des Moines Partnership, the Community Foundation of Greater Des Moines and the Des Moines Area Metropolitan Planning Organization (MPO) are taking.…

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Kemin keeps expanding


Chris Nelson likes to say that he and his colleagues at Kemin Industries Inc. have a simple goal: They want to get one or more of the highly specialized molecules their company develops into your …