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Posts by kbolten

NOTABLE TRANSACTION: Convenience store property in Altoona sold for $3.4 million

By kbolten | March 1, 2023 | 0
Altoona convenience store

SK Enterprises LLC, located in Clive, paid SK Investment LLC $3.4 million for property at 2635 Adventureland Drive in Altoona, Polk County real estate records show. The 1.1-acre parcel includes a Super Shop convenience store with …

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Swanson receives Iowa architect group’s top award

By kbolten | March 1, 2023 | 0

Channing Swanson, a principal with Neumann Monson Architects, has been awarded the AIA Iowa Medal of Honor, the Iowa Chapter of the American Institute of Architects announced.

Channing Swanson,

The Medal of Honor is the …

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Multifamily construction expected to stabilize in U.S. in 2023, NAHB official says during luncheon

By kbolten | March 1, 2023 | 0

Construction began on 529,000 multifamily housing units in the U.S. in 2022, the highest total in 36 years, according to the U.S. Census Bureau and Department of Housing and Urban Development.

The large number of …

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Floor in downtown’s 801 Grand office tower to be converted to fitness center, other spaces

By kbolten | March 1, 2023 | 0
801 Grand 2

Principal Financial Group will adapt the 19th floor at 801 Grand to better meet the needs of current and future tenants, company officials said in a statement released to the Business Record.

The 19th floor …

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NOTABLE TRANSACTIONS: Omaha group buys 4 Shine Shop Car Wash properties

By kbolten | February 22, 2023 | 0
shine shop grimes

City Ventures, an Omaha-based investment group, has purchased four area car washes, real estate transactions in Polk and Dallas counties show.  

The investment group purchased the properties from Splash Express LLC, a Des Moines company whose …

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Historic Fleming Building sold to Iowa company for $9.2 million

By kbolten | February 22, 2023 | 0
Fleming Building

The historic, 11-story Fleming Building, located at 218 Sixth Ave. in downtown Des Moines, has been sold for $9.2 million to an Iowa real estate management company, Polk County real estate records show.

KMC Properties, …

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Learn more about design of proposed 33-story downtown Des Moines tower

By kbolten | February 22, 2023 | 0
515 Walnut view from south at night

The appearance of a proposed downtown Des Moines high-rise will change throughout the day depending on how light reflects off it and whether shades are in use in the building’s 390 apartment units, an architect …

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Here’s the outlook for multifamily construction in 2023

By kbolten | February 15, 2023 | 0
950 Jordan Creek Pkwy WDM Ruth Chris

A wave of new multifamily construction projects – sparked by low vacancy rates and high interest rates for home mortgages – is expected to get under way in the coming months, adding more than 1,200 …

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186-unit apartment project planned in area ripe for redevelopment

By kbolten | February 15, 2023 | 0
Heart of America Group E 6 and Des Moines

A proposal to build a seven-story apartment project in an area east of Des Moines’ East Village district is prompting city officials to consider creating incentives to help spur redevelopment of the area.

On Thursday, …

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Notable transactions: Omaha auto group buys land in WDM for Porsche dealership

By kbolten | February 15, 2023 | 0

An auto group headquartered in Omaha has purchased property in West Des Moines on which a Porsche dealership will be located.

LBP Des Moines LLC, managed by Woodhouse Auto Family, paid Earlham Savings Bank $1.86 million for …

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