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Real Estate and Development

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Median sale price of DM-area homes hits a record high $266,860

The median sale price of a house sold in the Des Moines area in April reached a record high $266,860, surpassing the previous high of $265,000 set last September, data from the Des Moines Area …

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Coralville’s Backpocket Brewing plans a Johnston taproom with duckpin bowling

Des Moines Register: Iowa’s Backpocket Brewing is opening a taproom in Johnston this fall, its founder Jacob Simmons announced Thursday. The taproom will feature beers brewed at its original Coralville location, plus a restaurant, retro arcade …

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Invest DSM is helping to stabilize neighborhoods by buying rentals, converting them to owner-occupied houses

For years, residents of neighborhoods near Drake University have pushed to see rental properties converted back to owner-occupied housing.

The revolving door of rental occupants coupled with inattentive landlords resulted in unsightly properties. And while new …

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Demand for architectural services continues to be strong

Billings for architecture firms continued to be strong in April, although the pace of growth slowed slightly, according to new information from the American Institute of Architects. The index score for April was 56.5, down …

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Hundreds of Des Moines properties aided by Invest DSM programs

A few weeks after Melisa Nouchanthavong and her husband bought their first house, they discovered problems with its foundation, including a wall that was nearing collapse.

 

“We needed a basement gutter system and braces …

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Development of $28 million housing project underway in Pleasant Hill

Hubbell Realty Co. this month began construction for Forge65, a 162-unit townhouse and apartment development located on about 8 acres south of Iowa Highway 163 at Northeast 60th Street in Pleasant Hill. The project was originally …

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NOTABLE TRANSACTIONS: Des Moines architect buys building on Grand Avenue

Douglas Wells and Sarah Wells paid DKP Properties LLC $1.3 million for property at 2200 Grand Ave. in Des Moines, Polk County real estate records show. Douglas Wells is a Des Moines architect. The three-story brick …

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Warehouse leased by Amazon in Grimes sold for $17.51 million

Property that includes a building in which Amazon Inc. is leasing space for its delivery station in Grimes has once again been sold, Polk County real estate transaction records show.

The buyer, Kastner LLC of Los Angeles, …

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West Glen Town Center in West Des Moines sold for $45.45 million

A retail center in West Des Moines that once struggled to keep tenants has been sold for $45.45 million, more than 30% above its sale price a decade ago. West Glen Town Center, a mixed-use…
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West Des Moines resident raises concerns about proposed Kum & Go store

Concerns were raised this week about a plan by Kum & Go to build a convenience store with fuel pumps on the northeast corner of Grand Avenue and Raccoon River Drive in West Des Moines.…