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Real Estate and Development

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Varsity Cinema renovation project receives $100,000 state grant

A $100,000 grant from the Iowa Economic Development Authority has helped push past the halfway mark toward a goal to raise $3 million to pay for renovations of the Varsity Cinema.

The city of Des …

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Des Moines developers eager to jump on new workforce housing funding

Des Moines Register: Des Moines-based developers are ready to jump on new state funding that helps drive down the cost of construction — and therefore, monthly rent — and make housing more affordable for the state’s …

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Carmichael retiring from Home Inc., successor named

Pam Carmichael is retiring as executive director of Home Inc., the oldest private nonprofit housing organization in Des Moines. The group creates opportunities for quality, affordable housing. During her more than 40 years with Home …

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Next steps for ambitious Des Moines-area projects

The easy part of attempting to secure state tax revenue through the Iowa Reinvestment Act program is done: submitting the preapplication and gaining approval.

Now comes the hard part.

“You’re dealing with a lot of …

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Johnston’s Sandvig retires after 26 years with city’s building department

Doug Sandvig, who had worked for the city of Johnston for 26 years, has retired. Sandvig began working for Johnston in 1995 when the city had 6,100 residents. He was the city’s first full-time building …

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Big Grove Brewery will help revitalize northwest corner of downtown Des Moines

 

Big Grove Brewery is expected to lease about 12,000 square feet of the one-story portion of the former Crescent Chevrolet building at 555 17th St. in Des Moines. The new brewpub, which is expected to …

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NOTABLE TRANSACTIONS: Texas entities purchase 2 Des Moines apartment complexes

Two investment groups based in Frisco, Texas, have purchased apartment complexes located on Des Moines’ south side, Polk County real estate records show.

DSM Portfolio I Holdings LLC and MKC Properties Holdings LLC paid Willow Park Partners LLC …

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Architecture billings continue to rebound

Demand for design services from architecture firms, particularly those in the Midwest, continues to grow at a fast pace, according to a report from the American Institute of Architects. The group’s Architecture Billings Index score …

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Eastern Iowa industrial portfolio sells for $54 million

The recent $54 million sale of a 1.4 million-square-foot industrial portfolio in eastern Iowa is among the largest sales in the sector in the state in both size and value, according to a recent release …

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PROJECT UPDATE: Hotel project ‘slowly moving forward,’ according to developer

The pandemic prompted Des Moines developer Jake Christensen to slow down plans to restore property at 2525 Grand Ave. to its original use as hotel. Architectural rendering by Slingshot Architecture

What: Renovation of former motor lodge-turned-apartments back …