AABP EP Awards 728x90

Real Estate and Development

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State agency board approves controversial purchase of office building

The Iowa Finance Authority Board today approved buying an office building it is currently leasing from Hubbell Realty Co. at 1963 Bell Ave. The agency will pay $7.59 million for the building, 67% more than …

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Hotel Fort Des Moines awarded $16.2 million in tax credits

The 102-year-old Hotel Fort Des Moines this week was award $16.2 million in historic preservation tax credits by the Iowa Economic Development Authority.

The downtown hotel, located at 1000 Walnut St., received more than half …

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Need more parking for customers? Buy a parcel, build a lot

Every week, more than 6,000 vehicles vie for free two-hour parking in the 145-space lot adjacent to the multi-tenant commercial building at 300 Martin Luther King Parkway, owned by one of entrepreneur Rich Eychaner’s companies.…

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Prime Pleasant Hill development area eyes Burger King

Nearly 6 acres of prime real estate that has sat unused on a busy section of Iowa Highway 163/East University Avenue in Pleasant Hill could soon see development activity. 

The city’s Planning and Zoning Commission …

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Federal courthouse construction to begin mid-July

A view of the new federal courthouse looking westward from the Des Moines Riverfront. Architectural rendering courtesy of Mack Scogin Merrill Elam Architects.

 

Construction is expected to begin in mid-July on the federal courthouse in …

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Annual home show will be held in Waukee in July

The 2019 HomeShowExpo will be held in Waukee this summer at the Reserve at Daybreak, northwest of the intersection of Ashworth Road and Ute Avenue. This is the first time since 2004 that the home show, sponsored by …

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$4 million expansion of Des Moines assisted living center announced

Construction has started on a $4 million expansion of Edencrest at Beaverdale Assisted Living and Memory Care at 3410 Beaver Ave., officials announced this week. Twenty apartments will be added to center, which now has …

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45% of Polk County assessment protests appealed successfully

About 45% of the more than 7,800 Polk County property owners who protested their property assessments were successful in getting the values changed, data from the county assessor’s office shows.

In addition, 41% of the …

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Spring 2020 opening planned for Franklin school restaurant, bar

Jeff Young, who owns the former Franklin Junior High School, hopes to open a restaurant and bar at the facility by next spring.

To do that, he said, work on putting in footings, underground plumping …

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Cedar Rapids buys downtown lake for recreation

Cedar Rapids has fulfilled a decades-old dream, buying a downtown cooling-water pond from Alliant Energy to set up a new recreation area with a signature bridge and facilities for kayaking, the Cedar Rapids Gazette reported. Cedar …