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Real Estate and Development

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PDM Precast plans expansion in S.E. Agrimergent Business Park

Adam Petersen, one-half of a pioneering team of brothers-in-law that ventured into Des Moines’ Market District to build a three-story office building a few years back, is again venturing where few have gone in recent …

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Des Moines Council approves development deal for Drake-area hotel

Nelson Construction & Development will receive an estimated $3.1 million in tax increment finance revenues over 15 years from a hotel project that was triggered by Drake University’s desire to foster economic development near its …

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Des Moines considers another development deal to boost Merle Hay Mall

The owners of Merle Hay Mall would receive up to $400,000 a year in additional tax increment finance revenues under a revision to an 11-year-old development agreement that has led to multiple changes at the …

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All the pieces, all in place

A bridge is being built, plans to convert an eyesore of a stormwater basin to a conservation area are in place, rejiggering of an old loan has been approved, the promise of construction is in …

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Minneapolis-based Ryan takes over management of Capital Square office building

Ryan Cos. US Inc. and its real estate management and building services team will manage Capital Square, the mega-office building in downtown Des Moines that was among the city’s first efforts at urban renewal in …

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Strong economy, with an asterisk

What should we expect from the economy in 2019? 

Given what happened in December into the first few weeks of this year, maybe a neck brace is in order. 

But the dramatic ups and downs …

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JLL reports look back at 2018 with predictions for year ahead

Expect more construction of industrial properties this year, while growth in the office market is likely to be “cautious but steady,” according to a Greater Des Moines market report from the Iowa office of JLL.…

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Kaduce named top broker at R&R real estate

R&R Real Estate Advisors has recognized Adam Kaduce as its top-producing broker for 2018, with 50 deals closed and 279,696 square feet of commercial space leased. Kaduce is senior vice president at the firm. Jonny …

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Architect billings remain strong in Midwest; shutdown could weaken demand

Architecture firm billings growth softened in December but remained positive for the 15th consecutive month, according to the American Institute of Architects. A billings index for December registered 50.4, down from 54.7 in November. Any …

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Urbandale rejects Merle Hay housing plan

Rules are rules, procedures are procedures, and as a result the owners of Merle Hay Mall are no closer to a redevelopment plan for a stretch of parking lot planted on the Urbandale side of …