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Real Estate and Development

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Peoples Co. acquires Nebraska land management firm

Peoples Co., headquartered in Clive, has acquired Lincoln, Neb.-based United Farm and Ranch Management, a nearly 100-year-old land management company, Steve Bruere, Peoples’ president, announced in a news release. Acquisition of the Nebraska company will …

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Teehee’s deal to buy Spaghetti Works space falls through

The proposed sale of the former Spaghetti Works space on Court Avenue to comedy club Teehee’s is dead, with Spaghetti Works resuming its search for a buyer, the company’s president said Friday.

Shelly Stokes, president …

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Invision merges with Florida architectural firm

Invision Architecture has merged with RDB Design Associates, an architecture and interior design firm in Jacksonville, Fla., the company announced in a news release.

The move will give Invision its first office outside of Iowa …

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Public input on S. Ankeny Blvd. revitalization shared with council

South Ankeny Boulevard needs to feature more sit-down restaurants, mixed-use development and retail, and multifamily residential development, according to public input shared during this week’s Ankeny City Council meeting.

Christopher Shires, principal with Des Moines-based …

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New members join AIA board

The Iowa Chapter of the American Institute of Architects’ board of directors has five new members. They include: Andrew Reich, principal and K-12 client leader at DLR Group; Jesse Bulman, associate principal at Neumann Monson …

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Board approves final design plans for Financial Center renovation

Final design plans for the renovation of the historic Financial Center in downtown Des Moines were approved this week by the Urban Design Review Board. The 25-story building at 606/666 Walnut St. was constructed in …

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NOTABLE TRANSACTIONS: State of Iowa buys property in Des Moines for $10.6 million

The state of Iowa has acquired property at 50 Forest Ave. and 1333 Ohio St. in Des Moines for $10.6 million, Polk County real estate records show.

The state’s Department of Public Safety requested the …

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$10 million in assistance proposed for downtown Des Moines project

Business Record file photo.

The proposed project to renovate the Financial Center would receive up to $10 million in financial assistance from the city of Des Moines under a proposal scheduled to be voted on …

3612 Ingersoll Ave

NOTABLE TRANSACTIONS: Apartment property sold in Des Moines

Sonar Multifamily Fund LLC, located in West Des Moines, paid Edwin Allen $1.3 million for property at 3612 Ingersoll Ave. in Des Moines, Polk County real estate records show. The property includes a three-story, eight-unit …

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What’s in store for commercial real estate in 2025?

The Business Record reached out to several people in the commercial real estate industry, asking them their thoughts on the outlook for the sector in 2025 and biggest challenges. Below is the question we asked …