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Real Estate and Development

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Art Cox takes a look at the Greater Des Moines housing market

The Business Record recently asked a number of economists to assess various aspects of the Greater Des Moines economy. Responses came in from experts in a variety of areas, including commercial real estate. Art Cox, …

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Iowa house sales and prices were up last year

Iowa home sales and median home prices were on the rise in 2017, the Iowa Association of Realtors said. The number of sales rose 3.2 percent to 44,023 from 42,671 in 2016, while prices advanced …

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Iowa homeless programs to receive $9 million in federal funds

Programs that assist homeless individuals and families in Des Moines and Polk County will receive $3.4 million in federal funds to boost their efforts, the Iowa Finance Authority said. The funds are provided via the …

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California real estate trust buys Stadium View student housing in Ames

Stadium View, developed as luxury student housing in 2016 and 2017 by Haverkamp Properties in Ames, has been sold to real estate equity firm Arrimus Capital of Newport Beach, Calif., according to a release. The …

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Market One project in Des Moines receives national technology award

MODUS has received the ASHRAE National Technology Award for the Market One development in Des Moines. The award identifies engineering excellence for the restoration of an existing commercial building and is highly regarded throughout the …

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R&R adds a third industrial building at Prairie Business Park in Grimes

R&R Realty Group is building a third warehouse at its Prairie Business Park development in Grimes. “Demand continues to be at an all-time high for industrial space,” R&R President Mark Rupprecht said in a statement. …

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Urbandale permits increase for fourth straight year, with valuations up 60 percent

The city of Urbandale’s Community Development Department issued 893 building permits with a valuation of nearly $111 million last year, the fourth consecutive year that the number of permits has increased, with valuation growing 60 …

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Industrial space tight, Jordan Creek office rents highest in metro

Greater Des Moines industrial vacancies stood at 2.4 percent at the end of the fourth quarter, the lowest rate in several years, pushing up lease rates 1.5 percent from 2016 and contributing to a burst …

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Architectural billings bode well for construction this year

Design activity has laid the foundation for another year of strong construction activity, Jessica Reinert, executive director of the Iowa chapter of the American Institute of Architects said after a reading of the national organization’s …

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Nelson project in Market District takes two steps forward

The $27 million transformation of a former industrial site in Des Moines has moved forward with preliminary approval of a development agreement and the design of a 162-unit apartment building that will occupy much of …

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