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Real Estate and Development

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Sixth Avenue Flats to provide housing for those aging out of foster care, create space for entrepreneurs

A digital image of the Sixth Avenue Flats provided by Simonson and Associates Architects.

Calling it more than just another apartment building, officials broke ground Wednesday on a project that will provide safe housing for …

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EPA official: Contaminated site will remain in Superfund program

“We are standing today at the doorstep of growth in greatness for the city of Des Moines,” Mayor Frank Cownie said during a news conference in which cleanup plans for the former Dico site were …

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Proposed Des Moines soccer stadium project ‘at risk’ without state funding

A 6,300-seat stadium that would primarily be used for soccer is proposed to be built on 43 acres on the southwest edge of downtown Des Moines. Rendering courtesy of Krause Group

An ambitious plan to redevelop …

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Amazon expanding Des Moines-area presence

Amazon Inc. is expanding its footprint in the Des Moines area, although the e-commerce giant is mum about what it will operate out of a newly constructed warehouse it is leasing in Ankeny.


The Seattle-based …

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NOTABLE TRANSACTIONS: Hurd real estate group buys Des Moines car wash

Hurd Kettlestone LLC, based in West Des Moines, paid CWP West Corp. $3.6 million for property at 850 Army Post Road in Des Moines, Polk County real estate records show. The property includes a Mister Car Wash …

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Report: Office vacancy rates in Des Moines area at 16.2%

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

• In the first quarter, 16.2%, or 2.8 million square feet, of office space was vacant. The vacancy …

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Expansion of Wesley Acres retirement community moving forward

Wesley Acres, a retirement center in Des Moines, plans to add an auditorium and swimming pool to its campus at 3520 Grand Ave., according to city records. Rendering below: A patio and terraced area are …

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Reynolds signs law to let Iowa landlords refuse Section 8 vouchers

Des Moines Register: Iowa Gov. Kim Reynolds has signed a law ensuring landlords can turn away renters who receive assistance through the federal housing choice voucher program. The new law will remove cities’ and counties’ ability …

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Des Moines area’s apartment vacancy rate at 6.8%

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

The vacancy rate of the 35,251 apartment units surveyed was 6.8% in the first quarter, up slightly…
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NOTEBOOK: Home sales in Greater Des Moines area continue to be strong

Home sales in the Greater Des Moines area continued to be robust in March, with 1,256 residential properties sold, 19.5% more than a year ago, Des Moines Area Association of Realtors data shows.

 

In …

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