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Real Estate and Development

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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…
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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…
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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 …

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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.…

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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…
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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…
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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 …

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Proposed opening of soccer, entertainment stadium delayed until March 2023

A master plan for the proposed soccer stadium complex, valued at $95 million, includes a five-story building for office and retail and a 500-space parking garage. Rendering by Invision Architecture

Plans to open a professional soccer …

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High-profile Urbandale corner has ‘potential to be something different’

Property on a corner of a high-profile intersection in Urbandale is being prepared for redevelopment – but how quickly that happens depends on the pace of the economic recovery from the pandemic.

A metal-sided office …

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NOTABLE TRANSACTIONS

A group of investors bought three properties from Rueter Farms Inc. and C & DS Holdings LLC, both of Elkhart, Polk County real estate transactions show. The properties that were purchased include:

• 5075 E. University …