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Real Estate and Development

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Des Moines City Council to vote Wednesday on buying downtown parking garage

The Des Moines City Council, during a special meeting on Wednesday, is expected to approve the purchase of a downtown parking garage at Fifth Avenue and Walnut Street. 

The structure has been at the center …

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Campaign underway to raise $3 million to renovate historic Drake-area theater

Jon Petersen and Tim Reinders, members of the Des Moines Film Society, put up new letters on the marquee of a historic movie house in the Drake neighborhood. The nonprofit group is buying the theater …

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More homes sold in Iowa in 2020 than in previous year

More than 46,200 houses were sold in Iowa in 2020, nearly 10% more than the number sold the previous year, according to the Iowa Association of Realtors. Specifically, 46,252 houses were sold, compared with 42,124 …

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2020 was record-setting year for some Des Moines-area communities

Commercial building permits, collectively valued at more than $1.1 billion, were issued by Des Moines-area communities in 2020, a total some consider surprising given the year’s unexpected disruptions caused by the outbreak of COVID-19.

For …

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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…