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Real Estate and Development

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NOTABLE TRANSACTIONS: Boston-based REIT buys Ankeny warehouse for $22.8 million

STAG Industrial Holdings LLC, a real estate investment trust based in Boston, has purchased a recently completed Class A warehouse in Ankeny, paying $22.8 million for the property, Polk County real estate records show.

The 11.2-acre …

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Construction to begin next fall on mixed-use project near Drake

        A five-story mixed-use project is planned at 25th Street and Carpenter Avenue, just east of Drake University in Des Moines. Construction is expected to begin next fall. Rendering by Slingshot Architecture  …
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Work finally underway on Hubbell’s Des Moines apartment project

Construction is underway on Level, a 114-unit apartment building in Hubbell Realty Co.’s Bridge District, located south of Interstate Highway 235 and east of the Des Moines River. Photo courtesy of Hubbell Realty Co.

Hubbell Realty …

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New downtown breweries, restaurants will attract more people to area, supporter says

Two breweries are scheduled to open in downtown Des Moines in the first half of 2022: Big Grove and Twisted Vine.


The additions of the beer brewing establishments are expected to spark more visitors to …

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Proposed Suite Shots an ‘eyesore,’ some West Des Moines residents say

Some homeowners who live near the proposed site of Suite Shots, a golf entertainment facility, oppose the development, saying the tall poles and netting along the perimeter of a golf range would be an eyesore. …

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Experts talk about importance of affordable housing in metro area

In October 2019, 1,227 residences priced at $199,999 or lower were listed for sale in the Des Moines area.

Two years later, the availability of moderately priced homes for sale had shrunk dramatically. Just 508 …

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Leaders’ Survey responses on Amazon’s growth in Central Iowa

      The Business Record began releasing results from the 2021 Leaders’ Survey in its Nov. 26 print edition. The annual survey asks business leaders to share what they feel are some of the top issues…
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Panelists discuss pandemic’s effect on downtown office space

     

 In early 2019, just 6.8% of office space in Des Moines’ central business district was vacant, according to a market report by CBRE|Hubbell Commercial.


Nearly three years later – and nearly 19…
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NOTABLE TRANSACTIONS: Florida REIT pays $46.55 million for Clive health care properties

A Tampa, Fla.-based real estate investment trust has expanded its presence in Central Iowa, purchasing four health care properties in Clive.

Sila Realty Trust“invests in high-quality healthcare properties leased to tenants capitalizing on critical and …

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Grand opening celebration planned for Lillis Lofts in Urbandale

A grand opening celebration is planned at 2 p.m. Tuesday at Lillis Lofts, a new $10 million affordable multifamily housing complex located at 6313 Douglas Ave. in Urbandale. Construction of the three-story building began in fall …