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Real Estate and Development

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Meet the owners of Beal Derkenne Construction, the company working on the 33-story 515 Walnut tower project

Andy Beal and Michael Derkenne grew up in Australia and met in 1998 while attending the University of Newcastle north of Sydney. Today, they are leading construction of the 33-story 515 Walnut tower in downtown …

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Mercy College of Health Sciences announces campaign to raise $15M for new nursing school as part of its mission to become the ‘school of choice’

Joyce Lillis was inspired to become a nurse after watching the care her mom received after suffering a stroke, and later as a senior in high school, Lillis’ appendix ruptured and she was hospitalized for …

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Valley West Mall up for sale as West Des Moines eyes redevelopment

Valley West Mall has been placed on the market, opening the door for redevelopment of the nearly 60-acre site. Business Record file photo

Valley West Mall has been placed on the market, months after the …

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Redevelopment of former Maytag buildings in Newton underway

The redevelopment of former Maytag buildings in Newton is underway, with two buildings already renovated and a second phase of redevelopment beginning.

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The project, by Christensen Development, transformed two factory buildings, known as buildings …

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4,600 new apartment units planned in Des Moines area in next two years; area’s vacancy rate at 6%

Construction is expected to begin in the next two years on multifamily projects that would add over 4,600 apartment units to the Des Moines area, according to CBRE Inc.’s recent market report.

Twenty-five percent, or …

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Assessment of Grimes’ Governors District to engage stakeholders, help city define vision for future development

The city of Grimes is preparing to undertake an assessment of its Governors District — an area  defined as the city’s old downtown neighborhood — an important step in the development of the city’s strategic …

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Construction begins this summer on for-sale condos in Gray’s Station

Construction is expected to begin this summer on Telus, for-sale condominiums in Hubbell Realty Co.’s Gray’s Station development between downtown and Gray’s Lake. Telus will include one- and two-bedroom condos, ranging in size from 760 …

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Steak ‘n Shake planned in Waukee

Waukee could soon be the home of the metro area’s second Steak ‘n Shake. The City Council this week approved a site plan for the restaurant proposed on 1.2 acres at 1045 S.E. Alice’s Road. …

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Local developer buys properties in Highland Park business district

Local developer Brian Clark has acquired three properties in Des Moines’ Highland Park business district including a 105-year-old building on Euclid Avenue, Polk County real estate records show.

Clark, doing business as 615 Euclid LLC, paid Legacy 515 …

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NOTABLE TRANSACTIONS: Des Moines mobile home park acquired by Florida company

A Florida-based owner-operator of manufactured housing communities has acquired a mobile home park on Des Moines’ south side, Polk County real estate records show.

Maplewood Communities, doing business as Southland MHP LLC, paid Southland Mobile …