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Real Estate and Development

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Urban working from home after selling Somerfield Village Center – and his offic

Greater Des Moines businessman Tim Urban said he is working from home and considering development opportunities after selling his Somerfield Village Center for $13 million late last month to an investment group led by California…
By BPC Staff | Aug 12, 2015
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Hurd plans retail development for busy south-side intersection

Developer Richard Hurd’s plans to develop three lots at the northeast corner of Army Post Road and Southwest Ninth Street will serve a dual purpose.


For one, he grew up on the south side and…
By KENT DARR | Aug 12, 2015
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Townsend says $1 million sale of his Urbandale estate ‘cost me a fortune’

Ted Townsend thought an auction would speed up the process of selling his iconic Urbandale estate, but the eventual sale price came at a steep discount that came as a “shock.”


“It’s painful, I can’t…
By KENT DARR | Aug 12, 2015
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Van Orsdel ‘big house’ is for sale, again

Jeff and Kim Young’s We Can Build It LC has sold the Midland Building at 206 Sixth Ave., a historic structure they took off the hands of a bank, and now they are selling the…
By BPC Staff | Aug 12, 2015
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Home sales in July up from a year ago

Greater Des Moines home sales climbed to 1,299 in July from 1,172 a year ago, while pending sales increased over the year to 1,366 from 1,081, the Des Moines Area Association of Realtors said today. …
By BPC Staff | Aug 11, 2015
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Des Moines board gets first look at 7th and Grand development project

We’re looking four years into the future, to a time when gawkers might look at the 17-story structure rising from the northwest corner of Seventh Street and Grand Avenue and not take real notice of…
By KENT DARR | Aug 11, 2015
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Airport board: Guard lease delays will cost taxpayers, delay terminal project

The National Guard Bureau’s refusal to sign a deal on a new lease for the Iowa Air National Guard base at the Des Moines airport is costing taxpayers and ratepayers money, blocking economic development and…
By PERRY BEEMAN | Aug 11, 2015
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City, developer set to cover federal loan for Gray’s Landing development

Sherman Associates Inc. will lend the city of Des Moines an estimated $7.4 million to cover any shortfall in an $8.5 million federal loan to feed development of the Gray’s Landing urban neighborhood between West…
By KENT DARR | Aug 11, 2015
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Code consortium accepting proposals

The Central Iowa Code Consortium is accepting code proposals for all International Code Councils construction and maintenance codes. Seven code committees, made up of local government and industry representatives, will review the 2015 editions of…
By BPC Staff | Aug 10, 2015
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Hy-Vee and Knapp partnership official owners of downtown grocery store site

The development team of Hy-Vee Inc. and Knapp Properties Inc. are the official owners of what is soon to be a former parking lot at 420 Court Ave. where they plan to build a Hy-Vee …
By BPC Staff | Aug 7, 2015