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Real Estate and Development

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Demand for architectural services declined in April

Demand for design services in April saw its steepest decline on record, according to the American Institute of Architects. AIA’s Architecture Billings Index score of 29.5 for April reflects a decrease in design services provided …
By BPC Staff | May 20, 2020
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PROJECT UPDATE: Waukee office, event center

A two-story office and event center planned at 2565 S.E. Encompass Drive in Waukee. Architectural rendering by Wilkus Architects

 

WHAT: Encompass Building and adjacent retail building  WHERE: 2565 & 2575 S.E. Encompass Drive in Waukee

DEVELOPER/OWNER: 2565 S.E.…
By BPC Staff | May 20, 2020
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West Des Moines council approves buying land for fire station

The West Des Moines City Council this week approved spending $4.9 million to buy 47.8 acres at Maffitt Lake Road and Veterans Parkway. The land is expected to be the future home of a West …
By BUSINESS RECORD STAFF | May 20, 2020
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DMU to pay West Des Moines $1.2 million over 10 years to lease space for physical therapy clinic in new RecPlex

An architectural rendering of the MidAmerican Energy Company RecPlex under construction at 6500 Grand Ave. in West Des Moines. Special to the Business Record

Des Moines University will pay the city of West Des Moines more…
By KATHY A. BOLTEN | May 20, 2020
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Commercial real estate deals, large developments still occurring even during global pandemic

Three warehouses located in northeast Des Moines and occupied by Jacobson Cos. were sold last week, according to commercial real estate brokers with JLL. The buildings, with a combined value of $16.67 million, sold for…
By KATHY A. BOLTEN | May 20, 2020
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April homes sales remain strong in Des Moines area

Homes sales in the greater Des Moines area continue to outpace sales a year ago, new monthly data from the Greater Des Moines Area Association of Realtors shows. 

In April, 1,169 homes were sold in …
By BPC Staff | May 14, 2020
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NOTEBOOK: A look at Des Moines’ one-screen movie houses

Writing about plans to renovate and reopen the Varsity Theater brought back memories of occasionally being allowed as a youngster to walk to an afternoon matinee at the old Hiland Theater at 423 Euclid Ave.…
By KATHY A. BOLTEN | May 14, 2020
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NOTABLE TRANSACTIONS

Travail Holdings LLC of Council Bluffs paid Community Business Lenders Service Co. LLC $750,000 for 12 acres at South 88th Street and Booneville Road in West Des Moines, Dallas County real estate transactions show. The undeveloped…
By BPC Staff | May 13, 2020
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PROJECT UPDATE: Argonne Apartment Building

Restoration work has begun on the Argonne Apartment Building, located at 1723 Grand Ave., on the western edge of downtown Des Moines. Photo special to the Business Record WHAT: Argonne Apartment Building restoration
WHERE: 1723 Grand Ave., Des…
By BPC Staff | May 13, 2020
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New deadlines proposed for $200 million downtown project; city officials mulling next steps

Construction of the Fifth, a $200 million project planned at Fifth Avenue and Walnut Street, includes a 40-story residential and hotel tower and movie theaters and restaurant. Construction of a parking garage is underway but …
By KATHY A. BOLTEN | May 13, 2020