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Real Estate and Development

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Johnston’s average rental rates highest in metro area

Johnston is the most expensive place in Central Iowa in which to rent an apartment, a RentCafe.com survey shows. In October, the average rental rate in Johnston was $1,140 per month, up 1.4% from September …

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Delzell promoted to vice president of marketing

Rachel Delzell (pictured), who had been senior marketing director at Coldwell Banker Mid-America Group, has been promoted to vice president of marketing. Delzell joined Coldwell Banker in 2014. “During her tenure, she has increased our …

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A look around Gray’s Station, the urban neighborhood under development on downtown Des Moines’ southern edge

Walk up six flights of stairs in the massive apartment building under construction just south of Martin Luther King Jr. Parkway and you’ll enter a common area with spectacular views of downtown Des Moines and …

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Des Moines council unanimously supports lowering property tax levy

Des Moines property owners will likely see a reduction in the city portion of their property tax bill after the City Council on Monday unanimously approved a resolution directing the city manager to prepare a …

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Will Iowa be able to provide workers to fill 1,000-plus jobs?

In a year or so, a massive fulfillment center is expected to open in Bondurant, adding more than 1,100 new jobs in Central Iowa. Another 200 to 400 warehouse and trucking jobs are expected to …

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Von Maur announces plans to open in vacant Younkers at Jordan Creek

Des Moines Register: Von Maur is planning on opening in the vacant anchor space left behind by Younkers at Jordan Creek Town Center, instead of following its initial plans of constructing a new two-story building on …

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Marshalltown Mall up for auction

The Marshalltown Mall is up for auction and the future for its tenants is uncertain, the Marshalltown Times-Republican reports. Commercial real estate company Ten-X Commercial in California listed the property with a starting bid of $900,000. …

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Des Moines schools, Drake to build 4,000-seat stadium

Des Moines Public Schools and Drake University plan to build a 4,000-seat, $19.5 million sports stadium next to Drake’s Shivers Basketball Practice Facility along Forest Avenue. 

The community stadium will be a venue for Des …

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Ribbon-cutting planned for Gray’s Station bridge

The Gray’s Station bridge lit up at night. The pedestrian bridge over the Raccoon River connects Gray’s Lake with the Gray’s Station development. Photo by Hubbell Realty Co.

A ribbon-cutting and grand opening of the pedestrian …

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Iowa Finance Authority agrees to sale price for its building

The Iowa Finance Authority board of directors last week approved the sale of its former office building at 2015 Grand Ave. Polk County assessor photo

The Iowa Finance Authority board of directors last week unanimously agreed …