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Real Estate and Development

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NOTABLE TRANSACTIONS: Wellington apartments sold to N.Y. group for $44.8 million

A New York investment group has purchased the 240-unit Wellington Apartment complex  developed in 1990 in West Des Moines, Polk County real estate records show. AMFP V Wellington LLC, managed by New York City-based Abacus Capital…
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Architects elected to 2022 AIA Iowa Board

The American Institute of Architects, Iowa Chapter, has elected members to serve on its 2022 AIA Iowa board of directors. Members elected to the board include: president – Steve King, a project manager and shareholder at RDG …

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New building under construction in downtown Bondurant

 

An architectural rendering of the retail building under construction in Bondurant’s downtown area. Below is a photo of construction underway at the site. Rendering by SVPA Architects

Construction is underway on a new building in…
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Local music promoter buys Val Air Ballroom in West Des Moines

The Val Air Ballroom, which has hosted scores of events featuring nearly every genre of music over the past 82 years, has been purchased by a local music promoter who plans a historical renovation of …

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Seven-story building planned in Des Moines’ East Village

A seven-story building with street-level retail and 110 apartment units is planned on the southwest corner of East Sixth and Walnut streets in Des Moines’ East Village neighborhood. The project is being developed by Heart …

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Florida group pays $12.5M for Glen Oaks country club, golf course

The Florida group that purchased Glen Oaks Country Club and its championship golf course paid $12.5 million for the property, which includes 145 acres and a two-story clubhouse, Polk County real estate records show.

The …

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NOTABLE TRANSACTIONS: Chicago group buys two Des Moines-area medical office buildings

Chicago-based Walz Capital LLC, which owns, buys and manages traditional medical office buildings, has purchased two medical-related office buildings in the Des Moines area, Polk County real estate records show. The group, doing business as Walz Capital …

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Flux Apartments in downtown Des Moines sold for $15.8 million

A St. Louis-based property management group has purchased property in downtown Des Moines on which Flux Apartments and Onyx Office Suites is located, Polk County real estate transactions show. 

Since July, at least six apartment buildings …

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R&R announces new Omaha warehouse development

West Des Moines-based R&R Realty Group this week announced plans to develop 100 acres in Sarpy County, Neb., as a speculative warehouse development. R&R Commerce Park South, located on the southeast corner of 156th Street and …

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Krause Group buys medical office building on High Street

Krause Group has added another property to its real estate holdings in and around downtown Des Moines, Polk County real estate records show.

The group paid Medical and Professional Properties LLC $1.25 million for property …