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NOTABLE TRANSACTIONS: Out-of-state group buys four Des Moines apartment properties

Apartment buildings at 3800 Martin Luther King Jr. Parkway were among four Des Moines properties bought by an out-of-state group. Photo provided by Google Inc.

An out-of-state group bought four multifamily properties located in the northern…
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Plans move forward for outdoor storage facility in West Des Moines

Plans to develop South Branch Business Park on the southwest corner of Southeast Army Post Road and Southeast 42nd Street in West Des Moines received a boost this week with approval from the Plan and…
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Home Depot plans distribution center in Grimes

Home Depot USA Inc. is leasing 60,000 square feet of space in Grimes’ Prairie Business Park, a lease agreement filed with the Polk County recorder shows. The business park, owned by R&R Realty Group, is …

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Des Moines architect firm receives top sustainable design award

 

Neumann Monson Architects received the American Institute of Architects’ COTE Top Ten Award for the firm’s design of Market One, located at 130 E. First St. in Des Moines. Photo special to the Business

Neumann …

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CRE forum panelists discuss COVID’s effect on commercial, residential development

During the Business Record’s annual CRE forum, which was held virtually last week, eight panelists described how the pandemic has affected the various sectors of the construction and development industries and the outlook for the…
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Des Moines-area industrial market

The following are some highlights from CBRE|Hubbell Commercial’s 2021 first-quarter industrial market report for the Des Moines area:

• The vacancy rate was 6.1% at the first quarter, up slightly from the 5.4% vacancy rate …

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Amazon expanding Des Moines-area presence

Amazon Inc. has signed a 125-month agreement to lease a warehouse at 7310 S.E. Crosswinds Drive in Ankeny. Photo provided by Hubbell Realty Co. Photo below: Construction of an Amazon sortation center is nearing completion. Photo by Joe Crimmings…

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Cedar Rapids airport sees highest numbers since before COVID

Cedar Rapids Gazette: The Eastern Iowa Airport in Cedar Rapids had an 18.9% increase in enplaned passengers, which counts travelers who board there, in March and an 11.4% increase in total passengers compared with March 2020. …

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Farm Bureau Financial Services, FFA replace trees destroyed by derecho

Farm Bureau Financial Services and the Future Farmers of America partnered to replace trees destroyed by last summer’s derecho in Benton County. Farm Bureau agent Teresa Meyer and members of the Vinton-Shellsburg FFA planted 20 …

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FBL Financial receives FINRA approval for proposed merger transaction

FBL Financial Group Inc. announced today that it has received the necessary approvals from the Financial Industry Regulatory Authority for its proposed merger transaction with Farm Bureau Property & Casualty Insurance Co., which if approved by shareholders …