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Real Estate and Development

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Slight improvement in architecture billings, according to new report

Demand for design services from architecture firms started to stabilize in June, following their steep declines in April, the American Institute of Architects reported. AIA’s Architecture Billings Index score for June was 40, compared with …

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Veterans Administration to expand capacity with Des Moines outpatient clinic

Less than two years from now, Central Iowa military veterans will have access to a new state-of-the-art outpatient clinic on Des Moines’ south side that will offer a full suite of primary care services, as …

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$10M in housing tax incentives awarded for projects that redevelop properties

The Iowa Economic Development Authority today announced nearly $10 million in Workforce Housing Tax incentives for 19 projects across the state. According to a news release, the program provides tax benefits to developers to provide …

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NOTABLE TRANSACTIONS: Hy-Vee buys West Des Moines land for convenience store

Hy-Vee Inc. paid Hurd Indianola LLC $1.5 million for property at 210, 220 and 300 Grand Ave. in West Des Moines, Polk County real estate

transaction records show. The West Des Moines-based grocery retailer plans to build …

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PROJECT UPDATE: Mainframe Studios

The second and third levels of Mainframe Studios have been stripped to the concrete floors and ceiling, and work on installing new windows is expected to begin yet in July. Photo special to the Business Record…

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Historian: Construction of the Financial Center in 1972 ignited a wave of new downtown development

A photograph taken in 1974 of the Financial Center at Seventh and Walnut streets in downtown Des Moines shortly after construction was completed on the 25-story high-rise. The photo, provided by the Beck Group, was …

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Recession not slowing homebuilding in Central Iowa, nation

Cities in the Des Moines metro area issued 1,499 residential building permits in the first six months of 2020, 25% more than the 1,198 issued during the same time in 2019, a review of cities’ …

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Hoyt Sherman Place tells improvements to be made with historic preservation tax credits

Hoyt Sherman Place plans to use $710,000 it received in historic tax credits from the state to restore historical significance to the second floor of the mansion, including the master bedroom, sitting parlor and children’s …

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Kemin breaks ground on $8 million quality control lab at D.M. headquarters

Kemin Industries, a global ingredient manufacturer based in Des Moines, on Thursday broke ground for a new quality control laboratory that will be built at its worldwide headquarters in Des Moines. The new $8 million …

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Renovation of 135-year-old historic building complete

For years, the most Andy Lorentzen knew about the six-story brick structure at 319 Seventh St. in downtown Des Moines was that it housed a sandwich shop he liked to frequent.

It wasn’t until the …