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Real Estate and Development

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Kum & Go selling convenience store property in Drake area

The Kum & Go convenience store at 2211 University Ave. will close on Feb. 16 and the property will be sold, company officials announced. Photo courtesy of Google

Kum & Go plans to close its convenience …

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NOTABLE TRANSACTIONS: Convenience store property sold; Premier Credit Union buys land

8M Corner LLC, located in Minong, Wis., paid $4.5 million for property at 5830 S.E. 14th St. in Des Moines, Polk County real estate records show. The 2-acre parcel includes a Kum & Go convenience store with …

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Dave & Buster’s moving forward with WDM location

Dave & Buster’s, a popular Texas-based arcade and sports bar chain, is moving forward with its plans to build an entertainment venue south of Jordan Creek Town Center in West Des Moines, according to an …

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Amazon facility property in Bondurant sold for $326.2 million; officials believe sale price highest ever in Polk County

An East Coast real estate investment group has purchased property in Bondurant on which Amazon’s fulfillment center is located. The property was purchased for more than $326.2 million, which Polk County officials believe is the highest …

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Single-family rental housing development proposed in WDM

A single-family rental housing development is proposed in West Des Moines that would include 195 one- and two-bedroom houses. Architectural rendering special to the Business Record

A single-family, rental housing development, described as the first of …

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Housing trust awards $953,240 for affordable housing developments, improvements

The Polk County Housing Trust Fund has awarded $953,240 in grants and forgivable loans to seven organizations and developers for the addition of 116 housing units in the community. Specifically, the group awarded:

$435,000 to…
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Average new home building permit soared to $277,064 in 2021

The average value of a Des Moines-area residential building permit grew by more than $43,000, or 17%, between January and December 2021, illustrating the effect soaring material prices and demand for new housing are having …

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Downtown Marshalltown hospital property sold to developer

Marshalltown Times-Republican: After more than a century as a hospital in downtown Marshalltown, UnityPoint Health has sold the property to a developer with plans for “office, retail, residential and live/work space” use. UnityPoint is currently in …

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Iowa to use $21.6 million in federal COVID-19 aid to house up to 700 homeless families

Des Moines Register: Iowa will use a portion of its federal emergency rental assistance money to greatly expand services for people experiencing homelessness. The Iowa Finance Authority, which is administering the new state-run Rapid Rehousing project, …

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NOTABLE TRANSACTIONS: Minnesota auto parts group buys 3 acres in Des Moines

Elmar Commercial Properties LLC, located in in Eagan, Minn., paid Andrew and Ruth Holt $695,000 for property at 1644 Mattern Ave. in east Des Moines, Polk County real estate records show. The property includes 3 acres of vacant …