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Real Estate and Development

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Community Alliance tracks office conversions

The competitive office vacancy rate in downtown Des Moines has decreased by 38 percent since 2011, the Downtown Community Alliance said last week.

“Downtown office vacancy rates are falling largely due to the elimination of …

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Home building shows strongest trend since 2008

The Commerce Department reported Wednesday that residential building permits increased 3.6 percent to a seasonally adjusted annual rate of 899,000 units, which is the highest number since July 2008.

“There is an upward grind in …

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EMC completes purchase of Kaleidoscope at the Hub

EMC Insurance Cos. has completed the purchase of the Kaleidoscope at the Hub, the Des Moines insurer announced Monday. The building spans two blocks on Walnut Street from Fifth Avenue to Seventh Street in downtown …

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Architects report increased activity

Residential architecture firms across the country are reported that business conditions improved during the third quarter, with remodeling activity leading the way, followed by some segments of new construction, the American Institute of Architects said. …

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Downtown office vacancy rate drops 38 percent

Downtown Des Moines’ competitive office vacancy rate has decreased by 38 percent since 2011, according to the Downtown Community Alliance.

The downtown group points to the purchase and repurposing of the Des Moines Building, the Fleming …

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Coalition makes case for continuing New Markets Tax Credit program

A national coalition of community development organizations and financial institutions is hopeful that new figures released today will help persuade Congress to renew the New Markets Tax Credit (NMTC) program.

According to the coalition, the …

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Flexible office spaces offered in East Village

ST Howard Development expects to open e5w Office Suites in January at East Fifth and Walnut streets in the East Village. The offices are geared for startups, entrepreneurs and lobbyists, according to a news release. …

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Design firms announced for green Sixth Avenue project

The Environmental Protection Agency (EPA) and city of Des Moines have announced the design firms that will work on a project to help the city build green infrastructure. Kansas City, Mo.-based BNIM Architects, which has …

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Transactions from the Dec. 12 CRE Weekly

Signed Lease Transactions

Big Game Enterprises LLC, doing business as Perkins, has purchased land at 714 S.E. Oralabor Road in Ankeny. Bill Gardner of Denny Elwell Co. represented the buyer and the seller, Big H …

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Mumm buys Ruhl & Ruhl brokerage in West Des Moines

Commercial real estate broker Kurt Mumm has bought the NAI Ruhl & Ruhl Commercial Co. brokerage that he has headed since August 2004.

Mumm said today that under the purchase agreement, he can continue to …