Hubbell Timeline
KENT DARR Dec 3, 2015 | 12:00 pm
2 min read time
465 wordsBusiness Record Insider, Real Estate and Development1856: Frederick M. “F.M.” Hubbell buys 640 acres of farmland in Woodbury County in northwest Iowa.
1880s: Hubbell forms F.M. Hubbell, Son and Co. with his son, Frederick C. Hubbell, and brother-in-law, H. Devere Thompson. The company will manage Hubbell’s real estate holdings.
1903: F.M. Hubbell creates a trust to preserve his wealth for future generations. The trust prevents the following two generations of Hubbells from selling real estate or taking on debt.
1913: The Hubbell Building is erected at 904 Walnut St.
1924: The Equitable Building is erected at 604 Locust St. At 19 stories, it is the tallest building in Iowa for nearly 50 years.
1930: F.M. Hubbell dies at age 91 at the family mansion, Terrace Hill, which is donated some 40 years later to the state of Iowa. For the next 53 years, Hubbell Realty Co. does little more than collect rent and manage commercial real estate.
1972: Jim Hubbell Jr. builds a warehouse in a sprawling area of more than 100 acres north of the Raccoon River that would later be called RiverPoint. It is the first new construction project for the company in nearly 40 years.
1973: James W. Hubbell III returns to Des Moines as the lone employee of F.M. Hubbell, Son and Co.
1983: The trust expires. Jim Hubbell III is named president of what would become Hubbell Realty Co.
1984: Jim Hubbell III hires Rick Tollakson as a construction expert on Hub Tower and Kaleidoscope at the Hub.
1985: Kaleidoscope at the Hub opens downtown and is followed a year later by Hub Tower.
1990: Hubbell Realty enters the business of selling residential real estate with the purchase of First Realty, which is eventually sold to Iowa Realty Co Inc.
1991: F.M. Hubbell, Son and Co. becomes Hubbell Realty Co.
1993: Recognizing a need to branch into residential construction, Hubbell Realty begins work on Village Park in Ankeny.
1996: Hubbell Realty forms a partnership with national commercial real estate brokerage CB Richard Ellis, creating a separate commercial real estate sales and leasing arm that is now called CBRE|Hubbell Commercial.
1998: Hubbell Homes is created after the parent company tires of waiting on contractors to build homes on land it had developed.
2002: Hubbell moves to the suburbs, opening its home office at 6900 Westown Parkway in West Des Moines.
2004: Jim Hubbell III becomes chairman of Hubbell Realty; Rick Tollakson is named president and CEO.
2006: Hubbell Realty enters the downtown housing market by converting the Hubbell Building, longtime company headquarters, to 72 market-rate apartments.
2007: Hubbell acquires residential developments and 1,800 apartments in Des Moines and Sioux Falls, S.D., from Clarke Co. Ltd.
2015: Hubbell Realty announces plans for an urban neighborhood called the Bridge District east of the Des Moines River with for-sale townhouses, apartments and a park.