Montecito Medical Adds Iowa Class A MOB to Portfolio

Montecito Medical struck a deal with Lockard Development Inc. for ownership rights to the 59,615-square-foot Terrace Park Professional Center in Bettendorf, IA. The Nashville-based buyer paid $16.8 million to the seller, who is headquartered in Cedar Falls, IA. The property at 4480 Utica Ridge Rd. is connected to the 139-bed Trinity Medical Center. The medical

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Obsolescence in The Quad Cities?

The good news for the Quad Cities region (Moline, East Moline and Rock Island, IL; and Davenport and Bettendorf, IA) is that current economic activity is positive. Local employers are anticipating expansion. The not-so-good news? There isn’t enough quality property inventory to fulfill “the future demand of tenants, buyers and investors,” according to NAI Ruhl Commercial Co.’s

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Ryan, Grand Living Open Senior Living Community in Iowa

There’s still time to join us for Connect Apartments on June 26th in Los Angeles. Here’s a link to find out more about the conference and to register. Ryan Companies US, Inc. and Grand Living opened Grand Living at Bridgewater, an independent, assisted- living and memory care senior community in Coralville, IA. The four-story facility at 3

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KDC Launches Build-to-Suit for Sammons HQ Relocation

KDC has commenced construction on Sammons Financial Group’s new corporate headquarters in West Des Moines, IA. The 215,000-square-foot build-to-suit facility is scheduled for completion in Fall 2020. Designed to accommodate Sammons’ growth over the next 20 years, the BTS at 81st Street and Mills Civic Parkway will provide space for approximately 200 new jobs, in

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Tom Becker Steps into New Role at Opus

The Opus Group promoted Tom Becker to regional vice president of construction and project management. He will manage the Minneapolis and Des Moines construction operations, while also providing leadership to a team of project managers working across multiple sectors. Becker (pictured) also assumes responsibility for strategic planning, resource allocation and other leadership activities including oversight

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Ryan Companies Adds Two Key Leaders in Midwest

Ryan Companies, US Inc. expanded its Midwest leadership team with the addition of two executives. David Wilson (pictured above) joins as VP of Development in the Davenport, IA office. Aaron Schlagel will join as VP of Development, focused on growth in Kansas City, Omaha and the surrounding Midwestern markets.. Wilson, who is serving as President

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Sioux City Industrial Getting $25M Makeover

Ho-Chunk Inc. has been working on its makeover of an industrial section of downtown Sioux City, IA. The developer, the economic development arm of the Winnebago Tribe of Nebraska, has invested $25 million to convert the buildings into a mixed-use project on Virginia Street. Additionally, the developer recently closed on a 50,000-square-foot warehouse at 101

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Cushman & Wakefield Expands in Iowa

Cushman & Wakefield entered the Iowa commercial real estate market via an exclusive alliance with Iowa Commercial Advisors (previously NAI Optimum). The strategic alliance brings together Cushman & Wakefield’s well established global platform with Iowa Commercial Advisors’ more than 60 professionals who’ve built a rich history and expertise throughout the state. The West Des Moines-based company marketed

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Maytag Buildings Donated to Community College

Seven former Maytag corporate campus buildings, totaling 472,000 square feet, have been donated to the Des Moines Area Community College (DMACC) system. The college system is headquartered in Des Moines, IA, with the buildings located in Newton, IA. Developer Reza Kargarzadeh donated the property, valued at $9 million, to help boost the community college’s presence

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Eastern Union Arranges Debt for Iowa Manufacturing Quartet

Eastern Union arranged financing for the $16.9-million sale of the 600,000-square-foot Magna International portfolio, a group of four automobile parts manufacturing facilities in multiple locations in Iowa. The firm’s Abe Kolman delivered loans facilitating the sale of the properties by Toronto-based Granite REIT America to Beau Pere Real Estate LLC of Elmsford, NY. There were considerable time pressures in getting the

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