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Real Estate and Development

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Des Moines-area hotel property values fall 30%

For over a year, more than half of the Des Moines area’s 13,000 hotel and motel rooms have sat empty, a result of the economic shutdown caused by the pandemic. 


The sudden drop of hotel …

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Construction to begin in fall on warehouse project that will add 1 million square feet of space to Des Moines

Construction is expected to begin in the fall on two warehouses in northeast Des Moines that will be part of the the Northridge 80|35 Business Park. Architectural rendering by Opus Group

 

Construction is expected to …

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Annual Commercial Real Estate Forum set for April 22

The Business Record’s annual Commercial Real Estate Forum will be from 11:30 a.m. to 1 p.m. April 22.

Please join us for a timely and important event featuring some of the region’s key leaders from …

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Drive-in movies may soon be offered at Valley West Mall

Longing to see a movie but uncomfortable going indoors? You may soon be able to park your vehicle in a lot at West Des Moines’ Valley West Mall and watch a flick outdoors.

John Putbrese, …

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Fareway’s rezoning request for meat market rejected by Des Moines board

A request from Fareway Stores Inc. to rezone a residential lot to allow development of a meat market was turned down by the Des Moines Plan and Zoning Commission on Thursday.

The request now goes …

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Iowa accepting applications for rent, utility, mortgage assistance

Cedar Rapids Gazette: The Iowa Finance Authority opened applications this week for the Iowa Rent and Utility Assistance Program, which will give $195 million of federal stimulus funding to those struggling to pay rent or utility …

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Hubbell to begin development of $25 million community in Norwalk

Development of the first phase of a new master planned community in Norwalk called Holland Pointe will begin this spring, Hubbell Realty Co. announced. The development, on nearly 120 acres in northeast Norwalk, will include …

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NOTABLE TRANSACTIONS: Johnston apartment complex sold for $26 million

The Cadence apartment complex at 6300 Merle Hay Road in Johnston was sold to out-of-state investors for $26 million. Photo provided by Polk County assessor  
Chicago-based investors have purchased an apartment complex at 6300 Merle…
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Senior housing proposed on Southridge Mall property

Des Moines’ Plan and Zoning Commission on Thursday will hear a request to rezone 4.3 acres of the Southridge Mall site to allow construction of multifamily housing for low-income people who are 55 and older.…

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Dingel named a top national retail producer by CBRE

Tyler Dingel, a senior vice president with CBRE|Hubbell Commercial, has been recognized as one of America’s Top 25 Retail Advisory and Transactions Producers for 2020 by CBRE. Dingel is the only brokerage professional from Iowa and…