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Real Estate and Development

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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 …

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Most read commercial real estate stories in 2024

Readers of the Business Record’s commercial real estate news like knowing what properties have been sold and who bought them. In 2024, many of the Business Record’s most-viewed stories involved real estate transactions.

Readers were …

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Beam signing ceremony held at new DSM airport terminal

Des Moines International Airport Executive Director Kevin Foley signs the beam at the ceremony on Friday. Photo courtesy Weitz Co.

The Des Moines Airport Authority, along with the Weitz | Turner joint venture team, held …

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Schemmel receives Blanchard Bethune Fellowship award from AIA

Linda Alfson Schemmel, a development coordinator with the city of West Des Moines, has been awarded the Louise Blanchard Bethune Fellowship from the American Institute of Architects. The fellowship was awarded to Schemmel during the …

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NOTABLE TRANSACTIONS: Hubbell Realty Co. buys land in Grimes

Hubbell Realty Co., doing business as Grimes Square LLC, has acquired 166 acres in Grimes, Polk County real estate records show. Hubbell paid EBH Inc. $8.12 million for the three parcels of undeveloped land. Two …

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CRE Professional of the Year nominations now open

Nominations are now being accepted for the 2025 Iowa State University Ivy College of Business Commercial Real Estate Professional of the Year award.

The award is designed to highlight an outstanding commercial real estate professional …

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Holmes Murphy awarded IEDA incentives for office expansion into West Des Moines

Waukee-headquartered insurance brokerage Holmes Murphy & Associates is planning a $10.6 million expansion of its Central Iowa office footprint that the company says will allow it to create 212 new positions, according to the Iowa …

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Des Moines council to consider agreement with developer for high-rise apartments at former Kaleidoscope site

A rendering showing the street view of the proposed 515 Walnut project in downtown Des Moines. Rendering courtesy of Neumann Monson Architects A rendering of how the proposed 515 Walnut building would look as part…
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SportsPlex Norwalk to open in January

Indoor sporting facility SportsPlex Norwalk will open in January 2025, the facility and city of Norwalk announced. The training facility is part of the larger 35,000-square-foot SportsPlex building located in the Norwalk Central development. The …

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Telling the story

The rehabilitation of the former Carpenter Paper Co. building on Southwest Seventh Street is nearing completion with its owner saying its spaces are already leased with full occupancy anticipated by late spring 2025.

The building …

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