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Real Estate and Development

Davenport Industrial Park

$42.6M sale of two industrial buildings in Davenport latest indicator of shifting momentum in the region

A Cedar Rapids-based real estate investment firm has purchased two buildings in the Russell Industrial Park in Davenport in what those close to the transaction said was one of the biggest industrial real estate transactions …

Solar transport

Krause Group sells Solar Transport property in agribusiness park

A 10.5-acre parcel in Des Moines’ Southeast Agribusiness Park has been acquired by Maverik – Adventure’s First Stop convenience store chain, Polk County real estate records show.

Property occupied by Solar Transport sold for $1.55…
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Future of work on display at CBRE’s new West Des Moines office; RISE cafe ‘center point’ of office, broker says

In early March, CBRE Inc. moved into its new offices at 595 S. 60th St. in West Des Moines (photo on left). The 8,000-square-foot space includes a RISE cafe (photo on right) with a coffee…
Indianola

Indianola, Warren County announce land exchange

The city of Indianola and Warren County have announced a strategic partnership that involves new uses for specific properties owned by either entity, as identified in the city’s Sixth Street Sub-Area Plan and at or nearby the …

NFC

Forum on Black homeownership set for June 1

The Neighborhood Finance Corp. (NFC) will host an event for community members focused on Black homeownership in Polk County from 10 a.m. to noon, on June 1, at the Des Moines Central Library. The event …

Agrihood

Commercial development begins in Middlebrook Agrihood

For years, Steve Bruere has had a fondness for small-town commercial areas where an array of businesses and residences line Main Streets and visitors wander from store to store, checking out shops and sampling coffees …

Geothermal

Middlebrook Agrihood will use geothermal to heat, cool homes

The next phases of residential and commercial development in Middlebrook Agrihood in Cumming will be cooled and heated with geothermal energy technology, the developer of Iowa’s first agrihood said.

West Des Moines-based Diligent Development, Middlebrook …

sold

Former department store building at Southridge Mall sold

A building at Southridge Mall that once was occupied by Younkers department store has been sold to a local web-based auction company and retail store, Polk County real estate records show.

The 105,000-square-foot building, located …

Interior Two Ruan Center

Proposed redevelopment of Two Ruan Center moves forward

Preliminary terms of a development agreement for a project to convert a downtown office building to market-rate apartments was approved by the Des Moines City Council this week. Last fall, Ruan Inc. announced it was …

ILEX building

Market reports show decline in industrial, retail vacancy rates

Look for a surge in industrial leasing activity in the second quarter as several warehouse users are looking for space, according to JLL’s first-quarter report on industrial activity in the metro.

The outlook was included …