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Real Estate and Development

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NOTABLE TRANSACTIONS: State of Iowa buys property in Des Moines for $10.6 million

The state of Iowa has acquired property at 50 Forest Ave. and 1333 Ohio St. in Des Moines for $10.6 million, Polk County real estate records show.

The state’s Department of Public Safety requested the …

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$10 million in assistance proposed for downtown Des Moines project

Business Record file photo.

The proposed project to renovate the Financial Center would receive up to $10 million in financial assistance from the city of Des Moines under a proposal scheduled to be voted on …

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NOTABLE TRANSACTIONS: Apartment property sold in Des Moines

Sonar Multifamily Fund LLC, located in West Des Moines, paid Edwin Allen $1.3 million for property at 3612 Ingersoll Ave. in Des Moines, Polk County real estate records show. The property includes a three-story, eight-unit …

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What’s in store for commercial real estate in 2025?

The Business Record reached out to several people in the commercial real estate industry, asking them their thoughts on the outlook for the sector in 2025 and biggest challenges. Below is the question we asked …

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Most read commercial real estate stories in 2024

Readers of the Business Record’s commercial real estate news like knowing what properties have been sold and who bought them. In 2024, many of the Business Record’s most-viewed stories involved real estate transactions.

Readers were …

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Beam signing ceremony held at new DSM airport terminal

Des Moines International Airport Executive Director Kevin Foley signs the beam at the ceremony on Friday. Photo courtesy Weitz Co.

The Des Moines Airport Authority, along with the Weitz | Turner joint venture team, held …

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Schemmel receives Blanchard Bethune Fellowship award from AIA

Linda Alfson Schemmel, a development coordinator with the city of West Des Moines, has been awarded the Louise Blanchard Bethune Fellowship from the American Institute of Architects. The fellowship was awarded to Schemmel during the …

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NOTABLE TRANSACTIONS: Hubbell Realty Co. buys land in Grimes

Hubbell Realty Co., doing business as Grimes Square LLC, has acquired 166 acres in Grimes, Polk County real estate records show. Hubbell paid EBH Inc. $8.12 million for the three parcels of undeveloped land. Two …

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CRE Professional of the Year nominations now open

Nominations are now being accepted for the 2025 Iowa State University Ivy College of Business Commercial Real Estate Professional of the Year award.

The award is designed to highlight an outstanding commercial real estate professional …

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Holmes Murphy awarded IEDA incentives for office expansion into West Des Moines

Waukee-headquartered insurance brokerage Holmes Murphy & Associates is planning a $10.6 million expansion of its Central Iowa office footprint that the company says will allow it to create 212 new positions, according to the Iowa …