A Los Angeles group that describes itself as an “alternative investment company” has purchased multifamily property located on the northern edge of downtown Des Moines, Polk County real estate records show.
Interest rates for home mortgages are inching upward, pushing some potential homebuyers out of the market. Rates for new apartment and other rental projects are also on the rise, causing monthly rental rates to increase.
CBRE Group, Inc. today announced that it has acquired the CBRE | Hubbell Commercial brokerage division of Hubbell Realty Company. CBRE | Hubbell Commercial has served as CBRE’s affiliate in the greater Des Moines, Iowa area since 1996.
Hubbell Realty Company is proud to announce Easterseals Iowa, ICON Water Trails and On With Life will receive $60,000 from the 2022 Hubbell Extreme Charity Golf Classic which was held on Thursday August 25, 2022.
Des Moines’ central business district has more than 6.5 million square feet of office space, of which 18.7%, or 1.2 million square feet, was vacant in the second quarter, according to CBRE|Hubbell Commercial’s second-quarter market report.