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Real Estate and Development

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NOTABLE TRANSACTIONS: California group pays $28.6 million for apartment complex

A California group paid $28.6 million for Signature Place Apartments in West Des Moines. The photo shows one of the buildings in the complex. Photo provided by Polk County assessor
A real estate investment trust based…
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NOTABLE TRANSACTIONS: Hy-Vee buys land in Urbandale for Fast & Fresh

Hy-Vee Inc. paid Knapp & Associates LC $1.3 million for 7.1 acres at Douglas Parkway and 142nd Street in Urbandale, records show. The West Des Moines-based grocer plans to build a 6,600-square-foot Fast & Fresh convenience …

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Building permits valued at $43.4 million issued in February by Des Moines-area communities

A building permit was issued in February for Level, an apartment project planned in Hubbell Realty Co.’s Bridge District, located south of Interstate Highway 235 and east of the Des Moines River. Rendering by Slingshot Architecture…
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Proposed $307 million Norwalk development would include indoor-outdoor recreation complex

A proposed $307 million recreation and cultural district in Norwalk would include a 22-acre sports and recreation complex, two hotels, restaurants and other commercial spaces. Architectural rendering by Adam Mekies, Urban Design Landscape Architects

A proposed …

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Iowa Realty consolidating its West Des Moines real estate offices to one location

Iowa Realty Co. is consolidating its three West Des Moines locations into an office that will be located in Mills Crossing at 5901 Mills Civic Parkway in West Des Moines, a company official said.

The …

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EveryStep campaign exceeds $3.5M goal for Kavanaugh House on 56th renovations

EveryStep announced it has reached its capital campaign goal to fund renovations at the Kavanagh House on 56th Street hospice home in Des Moines. Renovation work will begin in April and continue into the fall. In …

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Google Fiber opening office in Valley Junction

Google Fiber Inc., a fiber optic broadband internet service that provides high-speed connectivity, is opening an office and retail store in West Des Moines’ Valley Junction. Google Fiber, a sister company to Google LLC, will be located in …

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Des Moines School Board rejects stadium construction bids

Des Moines Register: The Des Moines School Board unanimously voted Tuesday to reject construction bids for a planned stadium at Drake University because the bids exceeded the district’s budget for the project. The total cost of …

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NOTABLE TRANSACTIONS: Fireworks firm buys D.M. property from convenience store chain

Former convenience store property on Des Moines’ east side has been sold to a Kansas-based fireworks company.Photo on the left shows the convenience store as it looked in 2014; the photo on the right is…
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PROJECT UPDATE: Pet Parents

Pet Parents is planning to build a new office, warehouse and retail store at 1810 S.W. Magazine Road in Ankeny. Architectural rendering special to the Business Record

Ankeny council approves development agreement with Pet Parents   …