AABP EP Awards 728x90

Real Estate and Development

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N.Y. group buys six area apartment complexes for $56.7 million in first venture into Iowa

A New York investment firm has purchased several Ankeny apartment buildings, including this one at 458 N.E. Delaware Ave. Photo courtesy of Polk County assessor

 

A New York investment firm has purchased an Iowa multi-housing …

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Owner of Big Al’s BBQ eyeing West Des Moines location

Al Laudencia, who operates three Big Al’s BBQ restaurants in the Des Moines-area, is mulling opening a fourth location at a shopping center at 1960 Grand Ave. in West Des Moines.

Before he does, however, …

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West Des Moines experiencing second best year in construction valuation thanks to Microsoft

The city of West Des Moines has recorded more than $670 million in construction valuation in 2020, its second-best year on record, the city’s data shows.

The high construction values are due to work at …

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Construction managers talk about 2021 outlook, other topics

We recently talked with managers of four Des Moines area-construction companies about the outlook for 2021 and other related topics. The following are some highlights of those conversations broken down by topic:

Finding workers
Vince …

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Chicago architecture firm sues Charles City bank, contractors over development design

Cornice and Rose International LLC, a Chicago architectural firm, is suing an Iowa bank over what it calls the “piracy” of its intellectual property. First Security Bank & Trust Co. of Charles City took over …

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Construction managers cautious about 2021

The outbreak of the pandemic had little effect on construction in the Des Moines area in 2020 and construction managers are cautiously optimistic that if a slowdown occurs in 2021, it will be short-lived.

Construction …

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PROJECT UPDATE: Federal Courthouse

Construction is complete on the basement, first-floor and second-floor slabs of the federal courthouse being built at 101 Locust St. in Des Moines. Photo special to the Business Record 12% of federal courthouse construction project is…
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Panel discussion on downtown Des Moines development

WHAT: Top 10 things to Happen in 2021: A panel discussion
WHEN: 8:30 to 10 a.m., Thursday, Dec. 3
WHERE: The event will be held virtually. To register, click here.
COST: Free to Downtown Chamber members; $10 for nonmembers
PROGRAM: The …

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Former AIB classroom building proposed for office uses

The owner of a former AIB College of Business classroom building plans to renovate the structure so it can be used for commercial office space, according to information provided to the Des Moines Plan and…
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NOTABLE TRANSACTIONS: Mall group buys former Merle Hay Sears property

The owners of Merle Hay Mall have purchased the site on which the former Sears department store (pictured) was located,  Polk County real estate records show. Merle Hay Anchors LLC paid TF Des Moines Ia LLC $2.8 …

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