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Real Estate and Development

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NOTABLE TRANSACTIONS: Properties sold in Polk, Dallas counties

Bank Iowa, headquartered in West Des Moines, paid Penta Partners LLC $4.3 million for property at 5580 Merle Hay Road in Johnston, Polk County real estate records show. The property includes a newly constructed branch bank …

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Regents’ approval of CyTown development agreement paves way for tenant talks to move forward

Conversations about what the CyTown development in Ames will look like can begin in earnest now following Wednesday’s approval by the Iowa Board of Regents of a 30-year development agreement with Iowa State University, the …

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Partnership opens vendor applications for 2025 events

The Greater Des Moines Partnership is accepting vendor applications for the 2025 Downtown Farmers Market, World Food and Music Festival and Out to Lunch series. The farmers market, which runs on Saturdays from May 3 …

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Norwalk’s development boom continues as it focuses on increasing commercial valuations

The signing of a lease by Ocean Athletics to occupy space in Norwalk’s Dunn Industrial Park brings the park another step closer to being full as the city focuses on increasing its commercial tax base, …

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Invest DSM adds 3 neighborhoods for grant eligibility in 2025

Invest DSM, which works alongside property owners to strengthen older neighborhoods in Des Moines, will expand its reach into three additional neighborhoods this year, said Amber Lynch, the organization’s executive director.

Invest DSM will begin offering …

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NOTABLE TRANSACTIONS: MLK Liquor LLC, located in Des Moines, paid JGC Holdings LLC $2.8 million for property at 3420 Martin Luther King Jr. Parkway in Des Moines, records show.

Harding Hills Shopping Center, located in North-Central Des Moines, has been sold, Polk County real estate records show.

The 2.9-acre parcel, developed in 1986, includes a 25,596-square-foot neighborhood shopping center. The strip center is anchored …

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Peoples Co. acquires Nebraska land management firm

Peoples Co., headquartered in Clive, has acquired Lincoln, Neb.-based United Farm and Ranch Management, a nearly 100-year-old land management company, Steve Bruere, Peoples’ president, announced in a news release. Acquisition of the Nebraska company will …

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Teehee’s deal to buy Spaghetti Works space falls through

The proposed sale of the former Spaghetti Works space on Court Avenue to comedy club Teehee’s is dead, with Spaghetti Works resuming its search for a buyer, the company’s president said Friday.

Shelly Stokes, president …

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Invision merges with Florida architectural firm

Invision Architecture has merged with RDB Design Associates, an architecture and interior design firm in Jacksonville, Fla., the company announced in a news release.

The move will give Invision its first office outside of Iowa …

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Public input on S. Ankeny Blvd. revitalization shared with council

South Ankeny Boulevard needs to feature more sit-down restaurants, mixed-use development and retail, and multifamily residential development, according to public input shared during this week’s Ankeny City Council meeting.

Christopher Shires, principal with Des Moines-based …