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Real Estate and Development

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Greater Des Moines house sales up, prices down in April

Greater Des Moines house sales increased 27% to 1,152 in April from 907 in March, while median prices dropped to $203,000 from $209,900 over the same period, the Des Moines Area Association of Realtors said. …

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Business so good it’s best left unsaid

Business is so good these days at Cushman & Wakefield Iowa Commercial Advisors that owner and President Kurt Mumm can’t talk about it.

“Companies are looking for real estate expertise and advice, but they don’t …

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Townhouse project at Gray’s Station goes before city commission

Construction of the 227-unit Linc apartment building is well underway at Gray’s Station, S.W. 11th Street and Martin Luther King Jr. Parkway. The photo was taken from the Embassy Club at the Ruan Center.  …
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Height adjust for proposed East Village hotel; construction could begin in September

 

An Iowa developer who faced resistance to building a seven-story extended-stay hotel in the Historic East Village Neighborhood has adjusted the structure’s height, allowing the project to begin gaining the necessary approvals so construction can begin …

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Des Moines selling parking garage to EMC for $14.9 million

The city of Des Moines plans to sell its 843-space parking garage at 750 Mulberry St. to EMC Insurance Cos. for $14.9 million, pending City Council approval on May 20.

Acquiring the parking garage could …

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Down on the farm

Des Moines-based urban planner and landscape architect Dennis Reynolds is at work in a farm field near Cedar Rapids, putting to play the principles of New Urbanism that he often advocates with ag-based development.

Reynolds, …

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Hy-Vee’s Fast & Fresh planned for Urbandale business park

A look inside Hy-Vee Inc.’s Fast & Fresh store in Altoona. The store opened in February at 3950 Prairie Fire N.W. in Altoona. Photo supplied by Hy-Vee, Inc.

Hy-Vee Inc. plans to build a Fast & Fresh …

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Notable transactions

6450 LLC of Ankeny paid $2.23 million for a storage unit facility at 5499 N.E. 14th St. owned by Store it America LLC of Newton. The 7.4-acre tract is zoned light industrial and includes nearly 40,000…
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Urbandale sets date for local option sales and service tax vote

Residents of the Polk County side of Urbandale will vote Aug. 6 on whether to approve a local option sales and service tax that would add 1 cent to the state’s 6-cents-on-the dollar sales tax. …

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Blackbird, Iowa City officials reach agreement that moves forward $200 million development

The first reading of an ordinance to change the zoning of a heavily wooded 73-acre tract along the west side of North Dubuque Street just south of Interstate Highway 80 was approved Tuesday by the …