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Real Estate and Development

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PROJECT UPDATE: Paws and Pints

Kyle and Megan Casey and their dogs at the land where Paws & Pints, an indoor and outdoor dog park and bar, will be located. A groundbreaking was recently held for the project, located at…
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VanTrust group behind large Altoona warehouse development

VanTrust Real Estate LLC, a full-service real estate development company headquartered in Kansas City, Mo., is the company behind a warehouse development in Altoona that is expected to add more than 1.24 million square feet…
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Controversial project proposed in Valley Junction meets city ordinances, West Des Moines council members say

Developer Scott Cutler is proposing to build a three-story, 14,500-square-foot structure at 304 Fifth St. in West Des Moines. The building, constructed of natural slate tiles, factory-painted metal panels and mass timber, would include 11 …

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State board expected to decide in June which projects receive $100 million in incentives

The Iowa Economic Development Authority board is expected to decide at its June 18 meeting what projects will receive funding through the state’s Iowa Reinvestment Act program, according to a board spokesperson.

Board members in …

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Des Moines expected to take control of former Dico site this week

The former Dico Inc. property sits south of West Martin Luther King Jr. Parkway. Photo by Duane Tinkey

Later this week, the city of Des Moines is expected to take possession of a 43-acre site on the southwest …

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Consultant will help shape vision of post-COVID downtown Des Moines

Before the start of the pandemic, more than 80,000 people each weekday poured into downtown Des Moines, where they not only worked but also supported restaurants and coffee shops, boutiques and other retailers.

The pandemic …

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Median sale price of a house in D.M. area hits historic high

The median sale price for a home in the Des Moines area in April was $244,358, the highest it has ever been, Des Moines Area Association of Realtors data shows.

“Price appreciation is certainly increasing …

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D.M. area sees drop in number of homebuilding permits issued

Homebuilding slowed slightly in the Des Moines area in April with nearly 9% fewer building permits issued than in March, a review of communities’ building permit records shows.

In April, 468 permits were issued for …

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NOTABLE TRANSACTIONS: Des Moines building that housed Italian-American center sold

A building at 1961 Indianola Ave. in Des Moines that housed the Italian-American Cultural Center of Iowa has been sold for $555,000. Photo courtesy of Polk County Assessor’s Office

 

A building that for more than …

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Report: Retail vacancy rate at 8.6% in Des Moines area

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

• 8.6%, or 1.2 million square feet, of the area’s 14.4 million square feet of retail space was vacant.

• …

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