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Real Estate & Development

Jeff Hoobin newsletter

Former nuisance property has new life after $2.5M renovation

Renovation work is nearing completion on a building that once was deemed a nuisance by the city of Des Moines.

“A lot of work has gone into bringing back this property that once was considered …

Highpoint at Pella

Pella apartment complex sold for over $11 million

Highpoint at Pella, an apartment complex that was recently sold. Photo special to the Business Record

Highpoint at Pella, a 100-unit multifamily property located in Pella, has been sold for just over $11 million, according to …

timberline at Meredith apartments

Urbandale apartment complex sold to Dallas group for $10.7 million

A group located in Dallas, Texas, has purchased an apartment complex in Urbandale, Polk County real estate records show.

The property at 7800 Iltis Drive in Urbandale includes the 144-unit Timberland at Meredith apartment complex. Bexley …

Kate Thuesen

Thuesen recognized by national architect’s group

Kate Thuesen

Kate Thuesen, a senior associate in DLR Group’s Des Moines architect’s office, has received the American Institute of Architect’s 2023 Young Architects Award. The award honors individuals who have demonstrated exceptional leadership and …

Riverview Park image

Entertainment potential seen in warehouse near Riverview Park

Imagine this: On a warm summer’s day, you ride your bicycle on the Neal Smith Trail that hugs a portion of the Des Moines River and just past Sixth Avenue, you veer north, taking a spur …

Cambridge Court apartments

NOTABLE TRANSACTIONS: Cambridge Court apartment complex sold for $23.3 million

A Chicago-based group has purchased the Cambridge Court apartment complex in West Des Moines, paying $23.3 million for the property, Polk County real estate records show.

The 192-unit complex, located at 1205 11th St. (pictured …

Amazon bondurant fulfillment center

One of 2022’s priciest industrial sales involved property in Bondurant

The sale of property in Bondurant that includes the Amazon AR Sort Fulfillment Center was the third-largest industrial real estate transaction in the U.S. in 2022, according to CommercialSearch.com. In February 2022, Virginia-based Capital Square …

Jim Weber

Jim Weber, Hubbell senior vice president, retiring this week

Jim Weber

Jim Weber, a Hubbell Realty Co. senior vice president, is retiring on Friday after a 42-year career in the accounting and real estate development industry. Weber, who spent 30 years as a chief financial …

Dotdash Meredith building with shovel

Here’s how much MidAmerican Energy paid for Dotdash Meredith’s property

MidAmerican Energy Co. has completed its purchase of Dotdash Meredith property along Grand and Locust avenues in downtown Des Moines, Polk County real estate records show.

MidAmerican Energy, headquartered in Des Moines, paid Meredith Operations …

DSC 6869

Vote on incentives for Des Moines apartment project delayed

A vote was put on hold this week by the Des Moines City Council on whether to approved a development agreement for a proposed mixed-use project in the East Village Neighborhood. Heart of America Group is …

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