AABP EP Awards 728x90

Real Estate and Development

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Industry awards presented at ICREA expo

On Sept. 28, the Iowa Commercial Real Estate Association presented its 2010 Industry Impact Awards during the Iowa Commercial Real Estate Expo in West Des Moines. Dean Weitenhagen of Fleetwood Commercial Real Estate Services and …

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Wine elected to association of mortgage attorneys

Jim Wine, an attorney with Nyemaster, Goode, West, Hansell & O’Brien P.C., has been elected to the Board of Regents for the American College of Mortgage Attorneys. The American College of Mortgage Attorneys is a …

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CitiTrends Inc. leased 12,251 square feet

CitiTrends Inc. has leased 12,251 square feet of retail space at Park Fair Mall, 100 E. Euclid Ave., in Des Moines. The tenant was represented by Todd Millang of CB Richard Ellis/Hubbell Commercial. The landlord, …

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Allied Material Handling leases 13,500 square feet

Allied Material Handling has leased 13,500 square feet of industrial space at 2401 S.E. Tone’s Drive in Ankeny. The tenant was represented by Darcy Gill of Denny Elwell Co. LC. The landlord, JCK LC, also …

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Corigliano’s Pizza leases 4,136 square feet

Corigliano’s Pizza has leased 4,136 square feet of retail space at Wakonda on Fleur at 4249 Fleur Drive in Des Moines. The tenant was represented by Carson Hughes of Terrus Real Estate Group LLC. The …

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Home sales up slightly in September

Home sales increased slightly in September, with a 3 percent increase in contracts closed, according to the Des Moines Area Association of Realtors (DMAAR). However, 320 fewer contracts were closed than in September 2009.

“For …

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Bank of America sues developer for $9.6 million

Bank of America Corp. is seeking $9.6 million from a development company connected to Ankeny businessman Dennis Albaugh. The lender says it is owed that amount on an $11.5 million loan it made in 2008 …

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Economy intimidating home buyers

Sixty-three percent of American adults say they are less likely to buy a house because of the current state of the economy, according to a new national survey by FindLaw.com. About a quarter of the …

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Freeze on foreclosures could cut sales of distressed properties

A halt in home foreclosures at the largest U.S. mortgage firms may sideline buyers worried about legal issues, further depressing sales at a time when distressed properties account for almost a quarter of all transactions, …

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Taking stock of the downtown condo market


If you’re a browser, you’re a tire kicker, unless you’re Greater Des Moines businessman Tim Formanek. He’s browsing for a condominium. Real estate agents would describe him as a mechanic.

Formanek has spent about four …