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Real Estate and Development

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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 …

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Architecture Billings Index continues strong growth

Architecture firms in the U.S. saw increased demand for design services in June, according to a new report from the American Institute of Architects. The group’s Architecture Billings Index score for June remained at 57.1; …

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$264.7 million building permit issued by West Des Moines for Microsoft Corp.’s newest data center project

Construction has begun on a new data center for Microsoft Corp.’s Project Ginger West, its campus in West Des Moines, information from the city’s commercial building permit data shows.

The permit valued at $264.7 million …

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Property along Ingersoll Avenue eyed for redevelopment

Property in the 3900 block of Ingersoll Avenue in Des Moines has been purchased by a partnership that is marketing the site for a mixed-use development that could include multifamily housing, commercial or office uses,…
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Construction begins on $29 million apartment project near Des Moines River

Construction has started on the Level, a 114-unit apartment building in Hubbell Realty Co.’s Bridge District, located south of Interstate Highway 235 and east of the Des Moines River. Rendering by Slingshot Architecture

Hubbell Realty …

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Reclaiming razed trees: A look at how Johnston used felled trees in new city hall

Wood from trees that previously stood on the site where Johnston’s new City Hall was built were used in panels on the front of the council dais and in the speaker’s lectern. Photos by Kathy A.…