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Real Estate and Development

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NOTABLE TRANSACTIONS: Fleet Farm property in Waukee sold for $38.1 million

A Fleet Farm retail store at 1300 S.E. Kettlestone Blvd. in Waukee opened on Aug. 28 in Waukee. The property has been sold for $38.1 million, recent real estate transactions show. Business Record file photo

The …

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Survey: 14.7% of competitive office space is vacant in Des Moines area


At the close of 2020’s fourth quarter, 14.7% of competitive office space in the Greater Des Moines area was vacant, according to CBRE|Hubbell’s quarterly survey.

That’s up more than 2 percentage points from a year …

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LEGISLATIVE NOTES: Construction-industry bills to watch in Iowa Legislature

Jodie McDougal, a shareholder at the Davis Brown Law Firm in Des Moines and chairperson of the firm’s construction department, has compiled a list of bills to watch in the 2021 Iowa legislative session that are …

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PROJECT UPDATE: Mainframe Studios

Work is expected to begin in May on a colorful mural that will transform the exterior of Mainframe Studioes at 900 Keosauqua Way in downtown Des Moines. Rendering by Molly Spain

 

Mainframe Studios makeover expected …

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Des Moines council approves selling city-owned land for $11.1M

The Des Moines City Council this week approved selling 14.1 acres the city owns around East Fourth and East Market streets to a consortium of developers who plan to redevelop the light industrial area.

The …

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Renovation projects in Des Moines’ Highland Park neighborhood could receive $2.2 million in financial aid

A $2.6 million renovation is proposed for the three-story brick building at 3524 Sixth Ave. in Des Moines. Photo provided by Polk County assessor

Proposed projects to redevelop two buildings in Des Moines’ Highland Park neighborhood…
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City of Perry looks to buy Hotel Pattee in partnership with economic development group

Perry News: The city of Perry and the local investment group Perry Economic Development Inc. are looking to partner in purchasing the Hotel Pattee, a plan discussed last week at a work session of the Perry …

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Judge: City can buy downtown Des Moines parking garage

The city of Des Moines can purchase a beleaguered downtown parking garage located at Walnut Street and Fifth Avenue, a Polk County District Court judge has ruled.

The structure has been at the center of …

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NOTABLE TRANSACTIONS: Sportsman’s Warehouse property in Ankeny sold

Hurd Johnston LLC paid Dallas, Texas-based Spirit SPE Portfolio 2012, 4 LLC $7.53 million for property at 921 S.E. Oralabor Road in Ankeny, Polk County real estate records show. The 5.7-acre parcel property includes a 49,677-square-foot …

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Confluence acquires Denver-based firm


Confluence, a nationally recognized landscape architecture, planning and urban design firm, has acquired Denver-based firm studioINSITE. With the acquisition, Confluence now has offices in nine U.S. cities including Des Moines. “We see Denver as a …