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Real Estate and Development

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Lossner, Pitts honored by SIOR for industrial deal

Justin Lossner and Marcus Pitts, both  managing directors of JLL’s Des Moines office, have been recognized by the Society of Industrial and Office Realtors for an industrial real estate transaction involving three warehouses in northeast Des …

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Mark Rupprecht named CRE Professional of the Year

The Business Record has named Mark Rupprecht, president of R&R Realty Group, as the 2021 Iowa State University Ivy College of Business Real Estate Professional of the Year. Rupprecht has been involved with the commercial real…
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Public meeting today for South of Gray’s Lake master plan

A virtual workshop will be held at 6 p.m. today to discuss the master plan for South of Gray’s Lake. The purpose of the master plan is to create a road map for potential future …

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Polk County property owners learn new values of their property this week

In July, a Missouri group bought a West Des Moines apartment complex for $16.5 million, nearly 21% more than its assessed valuation. In September, apartment property along Grand Avenue in Des Moines was sold to …

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Blackbird’s tower project ‘remains as proposed’

Five years ago, Blackbird Investments announced plans for an $85 million apartment tower on the northwest corner of Seventh and Walnut streets.

Construction of the project was to begin almost immediately, but didn’t.

In 2018, Blackbird …

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Iconic downtown Des Moines building in receivership

Property at 713 Walnut St., which includes the historic Wilkins Building, is in foreclosure, Polk County court records show. The iconic Tea Room is located on the sixth floor of the downtown Des Moines building, …

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ONE GOOD READ: Current housing boom different from one in early 2000s

The pandemic has ignited a housing boom, but it’s different from the one that occurred in the early 2000s, writes Nicole Friedman for the Wall Street Journal. The current housing boom is more stable than the last …

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NOTABLE TRANSACTIONS: West Des Moines McDonald’s property sold

Three entities based in New Jersey paid Westowne Center Associates LLC $1.8 million for property at 1530 22nd St. in West Des Moines, Polk County real estate records show. The property includes a 4,278-square-foot McDonald’s …

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Zoning changes approved for new Microsoft data center

Plans are moving forward on development of a new Microsoft Corp. data center in West Des Moines.

The city’s Plan and Zoning Commission approved amending the comprehensive plan land use map and the zoning map to allow …

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Residents raise concerns about Starbucks proposed for Des Moines’ Ingersoll Avenue

A Starbucks coffeehouse is planned at 2510 Ingersoll Ave. in Des Moines. The coffee shop will include a glass-enclosed drive-thru and a patio area. Architectural rendering by Simonson & Associates Architects

A proposal to rezone a…