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Real Estate and Development

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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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Mark Rupprecht: Ivy College of Business CRE Professional of the Year

Mark Rupprecht was named president of R&R Realty Group in October 2007. A few months later, the economy soured and the country was in a recession.


And while Rupprecht wasn’t thrilled by the downturn in …

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Iowans pick favorite architecture

The Sands Vertical Expansion at Broadlawns Medical Center in Des Moines was voted Iowans’ favorite architecture. Photo special to the Business Record

The Sands Vertical Expansion at Broadlawns Medical Center in Des Moines has been named …

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NOTABLE TRANSACTIONS: Out-of-state group buys four Des Moines apartment properties

Apartment buildings at 3800 Martin Luther King Jr. Parkway were among four Des Moines properties bought by an out-of-state group. Photo provided by Google Inc.

An out-of-state group bought four multifamily properties located in the northern…
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Learn about Mason City’s redevelopment of former mall anchor


Watch a video that explains how the proposal to redevelop a vacant department store at Merle Hay Mall into a multipurpose arena is similar to a Mason City project. Video by Merle Hay Mall and Des…
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Plans move forward for outdoor storage facility in West Des Moines

Plans to develop South Branch Business Park on the southwest corner of Southeast Army Post Road and Southeast 42nd Street in West Des Moines received a boost this week with approval from the Plan and…