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Real Estate and Development

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Airport board gives nod to contractor to continue to second phase of terminal project

Contractors have received approval from the Des Moines International Airport Authority board to continue into phase 1B, shown in orange on this map, once they complete work on phase 1A, shown in bright blue. The…
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Proposed soccer stadium project takes step forward with final application to IEDA

A rendering of the proposed Pro Iowa Soccer Stadium and Global Plaza. Business Record file image

The Iowa Soccer Development Foundation has submitted its final application for state funding to the Iowa Economic Development Authority, hoping to secure …

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VIDEO: Project 515 panelists share office sector outlook

Central Iowa’s office landscape continues to change. Vacancy rates are stabilizing and even declining. Projects are planned to convert some of the remaining vacant office space into residential or amenities to bring people back to …

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Norwalk announces groundbreaking event for addition to southwest development corridor

The city of Norwalk, in conjunction with WB Realty Co., announced the opening of Dunn Industrial Park, a new light-industrial development. A groundbreaking event will be held on site, located at Delaware Street and Madison …

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NOTABLE TRANSACTIONS: Nursing home property in Des Moines sold to California entity

Skywalk Health Holdings LLC, based in San Juan Capistrano, Calif., paid TZVI Realty LLC $5.7 million for property at 5608 S.W. Ninth St. in Des Moines, Polk County real estate records show. The property includes …

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Commercial space analyzed in Q2 reports

Industrial vacancy rates climbed in the second quarter, with more than 760,000 square feet of speculative space being available and more than 1 million square feet under construction, according to second quarter reports from brokerage …

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New retail center latest in commercial growth for Polk City

The final touches are almost done on a new retail center in Polk City, which owner Shane Torres said is the first center of its kind in many years in the growing northern Polk County community.

Torres, …

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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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