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Real Estate and Development

cre event 2025

What you need to know from the CRE Trends and Issues Forum

Downtown housing, conversion of vacant office space, adaptive reuse and challenges facing the commercial real estate market caused by tariffs, interest rates and uncertainty around changes in the state’s property tax structure.

Those were among …

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What’s the valuation of data center properties in Central Iowa? More than $3.75 billion, review shows

The total valuation of data center properties that are either fully developed or are in the process of being developed increased 5.1% in 2025 from 2024, a review of valuations in Polk, Dallas, Madison and …

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NOTABLE TRANSACTIONS: Hotel property in Des Moines sold for $2.7 million

MVP Hospitality Iowa Inc., located in West Des Moines, paid Adi Lakshmi Lodging Inc. $2.7 million for property at 4995 Merle Hay Road in Des Moines, Polk County real estate records show. The 1.8-acre parcel …

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Documents reveal possible conversion of downtown Wells Fargo buildings

A rendering included in a pre-application for the Wells Fargo building at 206 Eighth St. filed by Invision Architecture shows the proposed reuse of the building by an unnamed prospective buyer. Source: Pre-application submitted to…
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Drake opens new Johansen Student Center

The original fireplace and sitting room in Morehouse Hall have been revitalized into a student lounge now called the Ruan Living Room. Photo courtesy Drake University

Drake University has opened its new Johansen Student Center, …

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Wright named Commercial Real Estate Professional of the Year

Bill Wright kind of fell into commercial real estate when he realized banking wasn’t going to satisfy his entrepreneurial spirit.

After graduating from Simpson College, the Denison native began his career at Midland Savings Bank …

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The Contrary stirs things up in the East Village

Editor’s note: A version of this story originally ran in dsm magazine, our sister publication.

When people step into the new cocktail bar and listening lounge that Billy Weathers opened in the East Village in …

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Preserving history: Former high school in Winterset converted to apartments

Winterset, Iowa – Every month or so, when Gina Robinson was an administrator for the Winterset school district, she would set a marble on the floor of her office and watch as it rolled to …

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Office Outlook: How ‘return to work’ is affecting Des Moines real estate

As time has passed since the peak of the COVID-19 pandemic, many major Des Moines employers including Principal, Wellmark and Wells Fargo have been moving toward required time in office after years with fully remote …

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Sneak peek: Holmes Murphy’s plans for the Arcadia building

Holmes Murphy & Associates is preparing to move some of its employees into the recently renovated Arcadia building in West Des Moines, where improvements are bringing workplace-of-tomorrow amenities to tenants.

Holmes Murphy signed a lease …