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Real Estate and Development

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Ryan, Grand Living plan senior living project in West Des Moines

Ryan Cos. US Inc. and Grand Living are proposing their third senior living project in Iowa and their first in West Des Moines. The five-story, 174-unit project will be located at 610 S. 51st St. …

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Prices dropped, cap rates surged in fourth-quarter apartment sales

The average price of apartment units that sold during the fourth quarter in Greater Des Moines dropped to $58,075 from $76,757 in the third quarter, while cap rates rose to 8.8 percent from 7.4 percent …

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McCulloh retires from Weitz

Jim McCulloh has retired after 20 years with the Weitz Co., most recently as senior vice president. He was involved in the successful completion of more than 40 projects. Most recently, he provided executive oversight …

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Johnston reports ‘steady growth’ with $58M in added valuation

The city of Johnston recorded $58.4 million in new taxable valuation in 2018, including 72 new single-family homes and $8.2 million in commercial projects, according to a release, while also working on the Northwest Saylorville …

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Waukee set a record last year for commercial projects

The city of Waukee issued 29 commercial building permits last year with a record-setting valuation of $40.3 million, according to a release. In all, the city issued 961 permits, including 203 for single-family houses, 59 …

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2018 a record year for commercial construction in Ankeny

Ankeny recorded $142 million in commercial construction in 2018, setting a record and accounting for 31 new buildings, according to a release. Overall, 2,339 permits for commercial and residential construction exceeded $322 million, marking the …

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CRE Update: DMACC Urban Campus embarks on major facilities upgrade

This year will mark the beginning of a transformational time for the DMACC Urban Campus, as a five-year campus renovation and construction plan gets underway.  

When spring arrives, construction will commence on a new …

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Hubbell taps into Omaha homebuilding market

Hubbell Realty Co. acquired a multi-tiered Omaha homebuilder and development company in a deal that closed Dec. 31 and gives the firm a foothold in a growing market that is similar to Greater Des Moines.…

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Land Investment Expo features hemp, Ernst, Martha Stewart

A little more than three weeks to go before the 12th edition of Peoples Co.’s Land Investment Expo, and the agenda is growing. With hemp resurrected as a legal crop, thanks to the farm bill …

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Indoor adventure park planned for former Springwood theater in Ankeny

An abandoned Ankeny movie theater, all 27,774 square feet of it, will see new life as an indoor adventure park, complete with wall-to-wall trampolines, dodgeball courts, obstacle courses and tube playgrounds with multi-level climbing ropes …