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Real Estate and Development

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Downtown Des Moines’ newest apartment development opens

One of the first things Mike Whalen tells people about the Tempo is that it is built like a fortress.

The seven-story residential and commercial project is constructed with insulated concrete form walls that not …

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Wasabi owner building strip center near Costco in Ankeny

Jay Wang, owner of Wasabi, is developing a strip center that will house four retail tenants on 36th Street near Costco in Ankeny. He said the regional draw of Costco and the anticipated development in…
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Strong economy attracts multifamily investors to Des Moines area, sparks construction of several new projects

The Greater Des Moines area, with its growing population and low unemployment rate, is continuing to attract investors in the multifamily sector, according to a recent CBRE Inc. market report.

In the first six months …

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NOTABLE TRANSACTIONS: Warehouse bought by California entity to be occupied by Amazon

A California-based commercial real estate investment management company has acquired a newly built warehouse in Ankeny that will be occupied by Amazon Inc., documents show.

PAC West Diversified LP, a limited partnership managed by Buzz …

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Reiland joins REMAX Precision Urban Office, adding CRE services, helping team advance mission of empowering women

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Abi Reiland has joined the Sara Hopkins Real Estate Team with REMAX Precision Urban Office as president of commercial real estate as Hopkins and her team add the commercial sector to the services they …

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Notable Transactions: California group acquires West Des Moines apartment complex

A 223-unit multifamily complex in West Des Moines has been acquired for $32.78 million by a California real estate investment corporation, Polk County real estate records show.

Canyon View Capital, based in Santa Cruz, Calif., …

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Greysteel establishes commercial real estate office in Des Moines

Greysteel, a national commercial real estate investments sales and capital markets services firm, has opened an office in Des Moines, the group announced. The office will be led by BJ Connolly, managing director; Ryan Carter, …

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West Des Moines P&Z takes steps to move the Grand Experience forward

The West Des Moines Planning and Zoning Commission took steps this week toward the realization of the Grand Experience, a planned $500 million entertainment and commercial development.

The city’s Planning and Zoning Commission voted Monday …

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JLL adds staff as it eyes future expansion

Real estate brokerage firm JLL has added three people to its Des Moines staff as it works to meet the growing needs of its commercial clients, said Marcus Pitts, senior managing director of JLL in …

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Wyffels opens Ames warehouse distribution center

Wyffels Hybrids recently opened its new warehouse and distribution center in Ames, where it will employ more than 200 full-time employees.

The facility is located on 150 acres east of Ames. According to a news …