Real Estate

Mercy Iowa City seeks $55M from MercyOne, recovery of ‘fraudulent transfers’
The oversight committee managing Mercy Hospital Iowa City’s bankruptcy estate has filed an adversary proceeding against MercyOne, the hospital’s former managing partner, seeking to recover “at least $55 million in damages caused to (Mercy Iowa City) by the defendants.” The…
After real estate downturn to end 2022, positivity on horizon for 2023
November 2022 unit sales of single-family homes were down 29.5% compared to November 2021, but…

Greater Iowa City Area HBA announces 2023 leadership
The Greater Iowa City Area Home Builders Association (HBA) has announced its 2023 board of…

NAHB: More than 200,000 construction jobs added in past year
Year over year, construction sector jobs in the United States increased by 248,000 in the…

Neumann Monson’s Griffith named Iowa Architectural Foundation board chair
The Iowa Architectural Foundation’s (IAF) Board of Trustees elected its 2023 slate of officers at…

NAR forecasts 4.78 million existing-home sales, stable prices in 2023
Lawrence Yun, chief economist and senior vice president of research for the National Association of…

NAHB report: Builder confidence declined every month in 2022
High mortgage rates, elevated construction costs running well above the inflation rate, and flagging consumer…

Iowa City Public Works named in Dezeen’s top 10 US architecture projects
Dezeen, an architecture and design magazine, named Iowa City’s Public Works building in its top…

Jethro’s BBQ plan Coralville restaurant at former Old Chicago site
Des Moines-based Jethro’s BBQ is set to make its first entrance into the Corridor by…

Commission approves bid for final phase of Eastern Iowa Airport modernization
The Cedar Rapids Airport Commission voted Dec. 19 to award a contract for the fourth…

Kiddo’s Childcare and Learning Center opens in Cedar Rapids
A new childcare facility opened Dec. 10 at 3516 Center Point Rd. NE in Cedar…

Iowa Finance Authority awards more than $11M to advance housing priorities
The Iowa Finance Authority Board of Directors has announced the award of more than $11…

Newly-formed local nonprofit to support skilled trades
A new local nonprofit organization, Foundation for the Trades, has been formed in Iowa City…

Affordable Housing Network sells Geneva Tower, Hawthorne Hills properties
Affordable Housing Network, Inc. (AHNI) has announced the sale of two of its Cedar Rapids…

UI readies $20 million Duane Banks stadium renovation
The University of Iowa is accepting requests for qualification (RFQ) applications from construction firms for…

JRS Pharma expansion ‘critical’ for Cedar Rapids, pharmaceutical industry
JRS Pharma is already the world’s largest producer of cellulosic products for the pharmaceutical industry,…
