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Mark Rupprecht Ivy College of Business CRE Professional of the Year
businessrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessrecord.com Daily Mail and Mail on Sunday newspapers.
Mark Rupprecht Ivy College of Business CRE Professional of the Year
businessrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessrecord.com Daily Mail and Mail on Sunday newspapers.
CRE forum panelists discuss COVID s effect on commercial, residential development
businessrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessrecord.com Daily Mail and Mail on Sunday newspapers.
CRE forum panelists discuss the pandemicâs affect on commercial, residential development Monday, April 26, 2021 11:46 AM
There’s little doubt that the pandemic has had a wide-reaching effect on the commercial and residential real estate and development landscape.
On Thursday during the Business Record’s annual CRE virtual forum, eight panelists described how the pandemic has affected the various sectors of the construction and development industries and the outlook for the next year. Topics touched on included financing of proposed projects, changes occurring in offices to make environments safe for workers, rising costs and availability of construction materials, and housing affordability.
The city of Des Moines now officially owns an 11-story parking garage that s part of embattled project The Fifth, which was in foreclosure after the developers failed to pay a construction loan.
A $42 million purchase agreement was finalized last week, according to documents filed with the Polk County Recorder s Office. With this action, the foreclosure petition against the developers, brothers Justin and Sean Mandelbaum and their company, Mandelbaum Properties, has been dropped though legal wrangling over other, undeveloped land on the site continues.
The 751-stall garage, located on Fifth Avenue between Court Avenue and Walnut Street, was the first of three buildings, including a 40-story skyscraper and a three-story movie theater, planned for the landmark development.