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Real Estate and Development

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NOTABLE TRANSACTIONS: Local group buys downtown Des Moines building for $2.9 million

Oakwood Investments LLC, based in West Des Moines, paid Nationwide Mutual Insurance Co. $2.94 million for property at 1300 Walnut St. in Des Moines, Polk County records show. The property includes a two-story, 22,800-square-foot office building that …

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Martin joins ISU Research Park team

Kyle Martin has been hired as the Iowa State University Research Park real estate development operations and project manager, the group announced. Martin, an Ames native, previously worked at Deere and Co., where he was …

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2022 Land Investment Expo speakers announced


Sam Zell, the founder and chairman of Equity Group Investments, and Larry Kudlow, former director of the National Economic Council, are scheduled to be the featured speakers at the 15th annual Land Investment Expo, sponsored …

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Report: Metro-area office vacancy rate at 16.7%


The following are highlights from CBRE|Hubbell Commercial’s 2021 third-quarter office market report for the Des Moines area:

• In the third quarter, 16.7%, or 2.9 million square feet, of office space was vacant. The vacancy …

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Governor Square shopping center sold for $10.1 million

A California-based investment group has purchased Governor Square shopping center in West Des Moines, paying $10.1 million for the 11-acre property that was developed in 1986.

MDM Equity-2021 LLC, managed by Golden Bear Properties LLC, bought …

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Planning underway for developments south of Gray’s Lake

Confluence, a Des Moines landscape architecture firm, has developed a plan of what an area south of Gray’s Lake could look like if it were redeveloped. Commercial buildings are colored purple, apartments are brown, townhouses …

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Jenna Kimberley elected president of Des Moines homebuilders

Jenna Kimberley, vice president of Kimberley Development Corp., has been elected president of the Home Builders Association of Greater Des Moines, and will take office in January. Kimberley follows in the footsteps of her father, …

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Bill Kimberley honored by homebuilder association

Bill Kimberley, owner and president of Kimberley Development Corp., recently was presented with the Lloyd E. Clark Lifetime Achievement Award by the Home Builders Association of Greater Des Moines. He also was inducted into the …

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Knapp Properties V.P. fired after arrest on child abuse-related charges

Aimee Staudt, who had been a vice president at Knapp Properties Inc., is no longer employed by the real estate development, brokerage and property management firm following an arrest, according to a statement issued by …

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Des Moines area’s apartment vacancy rate slips to 4.2%

The following are highlights from CBRE|Hubbell Commercial’s 2021 third-quarter multifamily market report for the Des Moines area:

• The vacancy rate of the 36,522 apartment units surveyed was 4.2% in the quarter that ended Sept. …