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Real Estate and Development

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Building permit issued for Grand Avenue apartment project

 

Construction began in September on an apartment project at 3801 Grand Ave. in Des Moines that includes studio and one- to three-bedroom units. Architectural rendering by Ask Studio

  Construction began in September on a…
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Ricochet preparing to open in downtown Des Moines

Ricochet Game Lounge & Social Bar is expected to open in December on the street level of Capital Square, located at 400 Locust St. in downtown Des Moines. The pandemic delayed the game lounge’s opening …

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Median sale price of Des Moines-area homes sets another record

 

The median sale price in the Des Moines area of a residence shot up to a record-high $265,000 in September, a 4% increase from August and the third straight month median sales prices have …

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New real estate office opens in Highland Park neighborhood

      Re/Max Precision Urban Office opens today in a renovated building at 3720 Sixth Ave. Architectural rendering special to the Business Record

 

Re/Max Precision Urban Office opens today in its new office at …

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Bondurant honored with awards from planning association

Bondurant Mayor Curt Sullivan, the city and its consultant RDG Planning and Design received the 2021 Planning Advocate and Urban Design Award from the American Planning Association-Iowa Chapter. The awards that were in recognition of …

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NOTABLE TRANSACTIONS: Des Moines group buys apartment buildings on Ingersoll Avenue

A Des Moines investment group has purchased two apartment buildings located along Ingersoll Avenue, Polk County real estate records show. 

Hom Investments 8 LLC paid 3927 Ingersoll LLC $1.6 million for property at 3927 Ingersoll Ave. in Des…
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Construction set to begin on new West Des Moines residential development

Construction of an apartment complex in West Des Moines that will include more than 400 units is expected to begin in November and be ready for occupancy by June 2023, according to the project’s developer.…
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Report: Overall retail vacancy rate at 6.3% in Des Moines area

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

• 6.3%, or 900,701 square feet, of the area’s 14.2 million square feet of retail space was vacant.

•…
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Iowa architectural group names community award winners

The interior of Principal Financial Group’s corporate headquarters in downtown Des Moines. Photo courtesy Wayne Johnson, Main Street Studios

 

Principal Financial Group, headquartered in Des Moines, and developer Marc Moen of Iowa City have received …

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New restaurant, commercial space proposed in Valley Junction

A one-story building with a brick exterior would replace an existing structure at 111 Fifth St. in West Des Moines’ Valley Junction district, a city group learned this week. A restaurant and retail space are …