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Real Estate and Development

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Hubbell releases first-quarter industrial report

CBRE|Hubbell Commercial recently released its 2022 first-quarter industrial report. Highlights include:

• The vacancy rate for flexible space is 4%, warehouse and distribution space 2.5%, and manufacturing 2%.
• More than 3.1 million square feet …

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Construction underway on first building in new Grimes industrial park

Construction is underway on a 270,000-square-foot industrial building, the first project in the new Rider Logistics Center in Grimes. The development is a joint venture between Opus Group and ATI Group. Rendering by Opus Group

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$2.5 million restoration planned for historic Sixth Avenue building

A $2.5 million renovation is planned on a 134-year-old building located at 1601 Sixth Ave. in Des Moines. The building has had a storied past including being used as an opera house and movie theater. Rendering by Edward …

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New home construction slows in most metro communities

New home construction slowed in most Des Moines-area communities during the first three months of 2022, with 850 building permits issued, 17% fewer than the 1,023 issued during the same period a year ago.

Of …

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Chase Bank plans to construct new three-story building along Ingersoll Avenue; existing structure will be razed

JP Morgan Chase Bank NA plans to construct a three-story bank building on the northwest corner of 31st Street and Ingersoll Avenue, building permit data from Des Moines shows. The building will replace an existing …

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Construction began on 1.2M square feet of industrial space in the first quarter in Des Moines

    A  212,000-square-foot industrial warehouse under construction at R&R Realty Group’s Center Pointe Business Park in Urbandale is one of five new warehouse projects that got underway in the first quarter in the Des…
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INTERACTIVE MAP: 2022 commercial building permit map

Commercial building permits valued at over $210.1 million were issued for 33 new projects in the Des Moines area in June, permit data from 13 metro-area communities and Polk County shows.

Click on each icon …

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Grants for downtown housing projects announced

Nearly $20 million in grants to support downtown housing has been distributed to 61 Iowa communities, Iowa Gov. Kim Reynolds announced last week.

The awards, made through the state’s downtown Housing Grant program, will create …

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Architectural walking tours of Des Moines begin May 13

The Iowa Architectural Foundation’s architect-guided tours of downtown Des Moines’ buildings will be held on the second Friday of the months of May through October. The tours, which include four different routes, provide participants an …

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Former home of landscape firm fits needs of LifeServe

Weeks of meetings, site visits and more meetings took place before LifeServe Blood Center’s board and executive team found the right location on which to build the nonprofit’s new headquarters.

Each property the group considered …

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