AABP EP Awards 728x90

Real Estate and Development

DSC 6869

Home listings rise, but sales drop slightly in Des Moines area

The number of residences listed for sale in the Des Moines area inched upward in July, surpassing 2,000 for the first time since December 2020, data from the Des Moines Area Association of Realtors shows.…

DSC 6869

Spec industrial building under construction in Bondurant

Construction has begun on a 195,000-square-foot industrial building in Bondurant. Architectural rendering by Opus Group

Construction has begun on a 195,000-square-foot speculative industrial building in Bondurant’s Commerce Crossings.

The building is the first of two warehouses …

DSC 6869

Construction expected to begin this fall on 2 commercial buildings planned for Johnston Town Center development

Two commercial buildings will anchor the Johnston Town Center, located on the northeast corner of the Merle Hay Road and Northwest 62nd Avenue intersection. Architectural renderings by OPN Architects

 

 

Construction of the first of …

DSC 6869

Johnston council OKs purchase of 32 acres

The Johnston City Council this month approved spending $2.4 million to buy 32.2 acres (map below) at 5055 Merle Hay Road.

The land is owned by Metro Lodging LC, located in Ankeny, and is valued …

DSC 6869

Des Moines-area Q2 industrial market report

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

• The vacancy rate was 6.7% in the second quarter, up slightly from 6.1% in the first …

DSC 6869

NOTABLE TRANSACTIONS: Out-of-state group buys Urbandale retirement, care center

An out-of-state entity has purchased property in Urbandale occupied by the Deerfield Retirement Community, Polk County real estate records show.

IRC III LLC, located in Omaha, paid Deerfield Retirement Community $19 million for the property located …

33634

NOTEBOOK: How Johnston’s new City Hall ties to the city’s past

Before designs for Johnston’s new City Hall were prepared, architects at OPN Architects researched the history of the community that is located northwest of Des Moines.

They learned the area had deep ties to rail …

DSC 6869

Council hears street improvement proposals for southwest D.M.

Among the street improvements proposed by a consultant is the installation of a roundabout at Park Avenue and George Flagg Parkway.

Plans to redevelop 140 acres south and west of Gray’s Lake include proposals for…
DSC 6869

Iowa clears backlog of renters waiting on aid to avoid eviction

Des Moines Register: Eight months after Congress first approved emergency pandemic assistance for people in danger of losing their homes, the Iowa Finance Authority has cleared a backlog of applications from Iowa renters and landlords seeking …

DSC 6869

ICREA August breakfast meeting

The Iowa Commercial Real Estate Association meets at 7:15 a.m. Thursday at the Des Moines Golf and Country Club, 1600 Jordan Creek Parkway in West Des Moines. Karen Marren, West Des Moines’ city planner, and …