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Real Estate and Development

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Buildings on DMU’s new campus will include ‘a lot of brick, glass’

Construction is expected to begin in the spring on buildings planned for Des Moines University’s new West Des Moines campus. The building on the right in the rendering above will include classrooms, offices and a …

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Gamble named Hubbell Realty executive vice president

Kyle Gamble has been named Hubbell Realty Co.’s executive vice president, the company announced. 

The promotion, which was effective on Jan. 1, is part of Hubbell’s long-term succession plan, the company said in a news release. …

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NOTABLE TRANSACTIONS: Out-of-state buyer purchases property on which headquarters of bottling company is located

The property on which Atlantic Coca-Cola Bottling Co.’s corporate headquarters are located has been sold for $31.5 million. Photo courtesy Polk County Assessor’s Office

 

Out-of-state investor buys property on which headquarters for local Coca-Cola bottling company…
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Italian American Cultural Center of Iowa purchasing iconic Butler Mansion for $3.3 million

The iconic Butler Mansion at 2633 Fleur Drive has been sold for $3.3 million. The property was on the market for more than two years. Below are interior photos of the mansion. Photos by Joe …

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CRE Update: New Drake neighborhood hotel open for business

The hospitality industry has been among the hardest hit during the pandemic.
Yet that didn’t dissuade a development group from moving forward with opening a 124-room Home2 Suites by Hilton at 2650 University Ave.
“As …

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PROJECT UPDATE: Paws & Pints

Paws & Pints, an indoor and outdoor dog park and bar, is proposed to be located in a two-story, 29,800-square-foot facility at 6128 Willowmere Drive in Des Moines. Architectural rendering by Slingshot Architecture

What: Paws & Pints…

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NOTEBOOK: Merle Hay Mall becoming ‘a mix of uses,’ its owner says

Elizabeth Holland didn’t mince words recently when she spoke to a Des Moines board about her vision for Merle Hay Mall, a shopping center developed in 1959 by her grandfather and another man.

Des Moines, …

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2020 CRE stories most popular with Business Record readers

The Greater Des Moines area was abuzz with activity related to commercial real estate in 2020, from the redevelopment of the Financial Center and opening of the Surety Hotel in what once was known as …

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Iowa home sales up 15%, new report shows

Corridor Business Journal: Iowa’s real estate market continued a strong 2020 surge in November, with home sales up 15%, according to the Iowa Association of Realtors Housing Trends report released today. Last month 3,727 homes were …

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New Drake neighborhood hotel open for business

A view of the newly opened Home2 Suites by Hotel and retail space in the 2600 block of University Avenue. Photo by Kathy A. Bolten

The hospitality industry has been among the hardest hit during the …