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Housing

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NOTEBOOK – ONE GOOD READ: First-time homebuyers are getting squeezed out by investors

Investors made up a larger proportion of home sales in 2021 than in 2020, with sales to first-time homebuyers falling to 27% in January compared with 33% a year earlier. Lawrence Yun, chief economist for …

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Bipartisan plan to protect mobile home park residents clears House panel

Radio Iowa: Iowa Lawmakers working for the past few years on legislation to protect mobile home residents from being priced off the properties have reached a bipartisan compromise. Republican Rep. Brian Lohse of Bondurant said the …

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Proposal would convert extended-stay hotel to workforce housing

Local developers are proposing converting an extended-stay hotel in Clive to multifamily housing. Photo courtesy of Google

An extended-stay hotel in Clive would be converted to multifamily housing that, if approved by elected officials, would provide …

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Single-family rental housing development proposed in WDM

A single-family rental housing development is proposed in West Des Moines that would include 195 one- and two-bedroom houses. Architectural rendering special to the Business Record

A single-family, rental housing development, described as the first of …

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Housing trust awards $953,240 for affordable housing developments, improvements

The Polk County Housing Trust Fund has awarded $953,240 in grants and forgivable loans to seven organizations and developers for the addition of 116 housing units in the community. Specifically, the group awarded:

$435,000 to…
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Average new home building permit soared to $277,064 in 2021

The average value of a Des Moines-area residential building permit grew by more than $43,000, or 17%, between January and December 2021, illustrating the effect soaring material prices and demand for new housing are having …

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Despite Des Moines’ call for ‘missing middle’ housing, board rejects Fleur Drive townhomes

Des Moines Register: Less than a month after the city of Des Moines implemented new incentives for so-called “missing middle” housing, its Plan and Zoning Commission has recommended denial of a request to allow what would …

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49-unit WDM affordable apartment project expected to be completed by fall

Construction of an $11 million apartment project at 520 88th St. in West Des Moines is expected to be completed by fall. Rendering courtesy of TWG

Construction is underway in West Des Moines on an $11 million, …

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NOTABLE TRANSACTIONS: Wellington apartments sold to N.Y. group for $44.8 million

A New York investment group has purchased the 240-unit Wellington Apartment complex  developed in 1990 in West Des Moines, Polk County real estate records show. AMFP V Wellington LLC, managed by New York City-based Abacus Capital…
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Flux Apartments in downtown Des Moines sold for $15.8 million

A St. Louis-based property management group has purchased property in downtown Des Moines on which Flux Apartments and Onyx Office Suites is located, Polk County real estate transactions show. 

Since July, at least six apartment buildings …