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Real Estate and Development

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Merle Hay Mall pursuing lease agreements for proposed arena

Merle Hay Mall owners are pursuing agreements with three anchor tenants for use of a multiuse arena planned on the west side of the mall.

Landing the agreements would allow the mall to move forward …

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Plans underway to expand RecPlex in West Des Moines

Planning is underway to expand the MidAmerican Energy Co. RecPlex in West Des Moines, a move that would allow the facility to annually host additional events and attract thousands more sports participants and spectators to …

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Speakers announced for 2025 Land Investment Expo

Joe Lonsdale and Kyle Bass will headline the 2025 Land Investment Expo, planned for Jan. 14 at the Community Choice Credit Union Convention Center in Des Moines, planners of the event announced.

In its 18th …

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R&R Realty Group Foundation announces new nonprofit giving program

R&R Realty Group Foundation has launched the Groundwork for Good Program, donating $25,000 to employee-nominated nonprofits that align with the foundation’s core giving pillars of human services, community engagement and development, education, and arts and …

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Granger begins rec plex talks as part of growth strategy

The above map shows areas of designated development in the city of Granger. The area labeled 1C includes the area where the Granger City Council created a North Urban Renewal Plan. The yellow areas included…
Johnston Hospice House

NOTABLE TRANSACTIONS: Shuttered hospice property in Johnston sold to Nevada entity

Peak Realty LLC, located in Las Vegas, Nev., paid Catholic Health Initiatives Iowa Corp. (also known as Mercy Medical Center) $2.1 million for property at 5820 Winwood Drive in Johnston, Polk County real estate records show. …

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Baker Group opening building in Altoona for prefab operations

Baker Group is opening a 90,000-square-foot facility in Altoona as it expands its off-site modular prefabrications operation.

In a news release, officials with Baker said the new facility brings to 239,000 square feet of space …

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CBRE report: Retail vacancies in Des Moines area slip to 3.6%

Positive absorption, higher rental rates and historically low vacancy rates have helped buoy the Des Moines area’s retail market, according to CBRE Inc.’s third-quarter market report.

In recent months, two large chunks of empty retail …

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U.S. Bank remodeling office in West Des Moines

U.S. Bank’s branch office at 3738 Westown Parkway in West Des Moines is being remodeled to have a modern atmosphere. “The branch looked like a very traditional bank branch,” said Amy Anderson-Vali, U.S. Bank’s branch …

Bondurant Grain Elevators

NOTABLE TRANSACTIONS: Landus Cooperative sells Bondurant grain elevators for $1.89 million

Dynamic Storage Bondurant East LLC, based in Okoboji, paid Farmers Elevator Co. (Landus Cooperative) $1.89 million for property at 2020 Second St. N.E. in Bondurant, Polk County real estate records show.

The group stopped using …