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Real Estate and Development

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Opus Group starts construction on new industrial building in Ankeny

Construction has started on a 277,930-square-foot build-to-suit industrial facility that will be occupied by Brown Warehouse Co., Opus Group announced. 

The building is the fourth built by Opus in Ankeny. The Minneapolis-based commercial real estate …

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Details released for new south Des Moines health club facility

The Genesis Health Club, proposed in space previously occupied by a department store at Southridge Mall, will include basketball courts, workout areas and lap pool. Rendering by Hanney & Associates Architects

 

The roof will be …

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NOTABLE TRANSACTIONS: Bici Flats apartment complex sold to out-of-state investors

Bici Flats, a three-building apartment complex developed by Nelson Construction & Development between 2016 and 2017, has been sold to out-of-state investors for $22.5 million, Polk County real estate records show.

The complex includes 152 …

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Former Des Moines printing facility is sold for $26.2 million

Property in southwest Des Moines that includes a structure that once housed Meredith Corp. and R.R. Donnelley’s printing facilities has been purchased by a group of mostly out-of-state investors, Polk County real estate records show.…
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Transload facility will benefit ‘everyday consumers’

In late May, an explosion occurred at a steel plant in Pueblo, Colo., causing the facility to be shut down.


The effects of the closure of the plant that makes tracks for railways was felt …

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Principal Financial plans to raze downtown office building

A building owned by Principal Financial Group at 575 Seventh St. in downtown Des Moines is slated to be torn down this year, a company spokeswoman said. Photo by Kathy A. Bolten

A three-story downtown office …

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Big Grove Brewery expected to front Ingersoll Avenue

A covered patio is proposed on the south side of a new Big Grove Brewery that is planned in the former Crescent building at 555 17th St. in Des Moines. Rendering by Pappageorge Haymes Partners

Two …

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NOTABLE TRANSACTIONS: Warehouse in Ankeny leased by Amazon sold for $22.1 million

A newly constructed Ankeny warehouse that will house an Amazon Inc. delivery station has been sold for $22.1 million, Polk County real estate records show.

Hubbell Realty Co. recently completed construction of the warehouse (pictured), located …

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PROJECT UPDATE: Concrete poured for roof of new federal courthouse in Des Moines

Click on the image or here to watch a time-lapse video of the construction of the new U.S. Courthouse at 101 Locust St. in Des Moines. Video courtesy of General Services Administration     What: New federal courthouse
Where: 101…
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Des Moines area’s apartment vacancy rate at 5.3%

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

• The vacancy rate of the 35,775 apartment units surveyed was 5.3% in the second quarter, which ended …