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Real Estate and Development

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Proposed redevelopment of city-owned land moves forward

The founder of a real estate, investment and construction company that buys homes for cash plans on consolidating his firm on property at 2707 Garden Road in Des Moines.

Mitch Coluzzi, who founded Sell Now …

SeanWillet

The changing role of community banks in commercial lending

Commercial real estate may not always be the most cost effective place for smaller community banks to invest, said Sean Willett, the new CEO of Lincoln Savings Bank.

Willett sat down for an interview with …

Ruan II building aerial

New details, renderings released on Two Ruan Center conversion

Additional details and new renderings were released this week about the proposed conversion of Two Ruan Center from an office to multifamily building.

Last fall, Ruan Inc. announced it was forming a joint venture with …

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VIDEO: Project515 panelists discuss state of retail

The Business Record’s first Project515 panel discussion of the year, moderated by Senior Staff Writer Michael Crumb, will bring together experts for a conversation about the role the various shopping options in the metro play …

1100 Locust St.

American Equity plans move to Nationwide building downtown

American Equity Investment Life Insurance Co. plans to move into the Nationwide building at 1100 Locust St. in downtown Des Moines. The Des Moines City Council on Monday will consider an agreement that would provide…
CL Ajay Kalra

Get to know Ajay Kalra, the new managing director and market leader for CBRE’s West Des Moines office

Ajay Kalra is following in his parents’ footsteps as he embarks on his new role as managing director and market leader at CBRE. 

His mother is a realtor, and his father is a developer who …

Business appears to be slowing for Iowa’s architectural firms

Architectural firms in Iowa appear to have experienced a slight decline in business in the first part of 2024, the Iowa Chapter of the American Institute of Architect’s first-quarter market survey shows.


Nearly 60% of …

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…