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Real Estate and Development

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VIDEO: Project515 – Affordable Housing Outlook

Even before the start of the pandemic, Iowa — and the U.S. — faced an affordable housing challenge. As the pandemic lingered, the challenge became more acute. The Business Record hosted our Project515 virtual event …

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Utilities installed in downtown Market District development

The visual is a screen grab from drone video of site work occurring in the Market District, a $750 million redevelopment project underway in an aged industrial area east of the Des Moines river in …

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Work progressing on Von Maur’s new store at Jordan Creek mall

Work is underway to prepare vacant retail space that will soon be a Von Maur department store at Jordan Creek Town Center in West Des Moines.

The Davenport-based department store is moving into space previously occupied by …

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NOTABLE TRANSACTIONS: Omaha group buys Pleasant Hill multifamily development

A multifamily development located just east of U.S. Highway 65 in Pleasant Hill has been purchased by an Omaha group for $4.78 million, Polk County real estate records show.

The purchase by Boulder Ridge Partners LLC, located in Omaha, …

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Smash Park property sold to N.J. group for $8.55 million

          Owners of the Smash Park, the popular entertainment venue known for its pickleball courts, have sold the West Des Moines property to a New Jersey-based investment company, Dallas County real estate records…
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Clive’s new public safety building open

The city of Clive recently completed construction of a new public safety building that houses the city’s fire and police departments. The new facility is located at 8800 Hickman Road on a site previously occupied …

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Median sale price of Des Moines-area home at $260,000

The median sale price of a Des Moines-area home slipped to $260,000 in October, a nearly 2% decrease from September’s record-high median sales price of $265,000, data from the Des Moines Area Association of Realtors …

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Waukee entertainment district will include 125-room Aloft Hotel

A 125-room Aloft Hotel by Marriott is planned in KeeTown Loop, an entertainment district under development in Waukee. Architectural rendering special to the Business Record

A Marriott-branded Aloft Hotel will be located in KeeTown Loop, a …

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Large speculative warehouse planned in Altoona commerce center

VanTrust Real Estate, a Kanas City-based full-service real estate development company, plans to build a 496,800-square-foot speculative cross-dock warehouse in the Altus Commerce Center in Altoona.

The facility will be the largest of its kind …

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NOTABLE TRANSACTIONS: U.S. Bank downtown location sells to Minnesota firm

Iowa-MAP II LLC, based in Minnesota, paid U.S. Bank National Association $1.2 million for property at 520 Walnut St. in Des Moines, Polk County real estate records show.


The approximately half-acre property includes a five-story…
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