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Real Estate and Development

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What’s the outlook for new commercial projects in 2024?

Nearly 40% fewer building permits were issued for new commercial projects in the Greater Des Moines area in 2023, a direction construction observers expect to be reversed in 2024.

Overall, 156 building permits were issued …

ChildServe logo

ChildServe to relocate, expand Des Moines location

ChildServe’s Des Moines location on Woodland Avenue will be relocated to a new site near the corner of 48th Street and Franklin Avenue that will more than double the square footage of the current space, …

Exterior McCoy at 8035

Former Clive Hotel becoming workforce housing

Jason Grove and Tina Smothers have converted two properties into workforce housing in the past five years: Dormitories on the former AIB College campus in Des Moines and an extended-stay hotel in Clive.

So, when …

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Housing study underway in Indianola

The city of Indianola is partnering with Confluence, a landscape architecture firm, to develop a comprehensive housing study and needs assessment that will help guide the city’s future planning. “By comprehending our housing dynamics in-depth, …

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Hubbell Realty launches new group to oversee Edencrest communities

Construction of Edencrest at Kettlestone in Waukee is nearing completion. When it opens in mid-spring, the senior living, assisted living and memory care facility will be managed by Highmark Senior Living, a new division of…
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Cushman & Wakefield releases fourth-quarter office market report

More than 860,000 square feet of office space was leased in the Greater Des Moines area in 2023, including nearly 260,000 square feet in the fourth quarter, MarketBeat, a Cushman & Wakefield research publication, shows. …

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National storage, moving company buys land in Urbandale

Nearly 9 acres of vacant land in Urbandale has been acquired by a national self-storage and moving company that plans on building two facilities on the property.

Amerco Real Estate Co., a subsidiary of U-Haul …

5950 Delaware Ave. Ankeny

Des Moines area’s industrial vacancy rate at 5.1% in fourth quarter

Seven warehouse projects whose construction was completed between 2022 and late 2023 remain unoccupied, accounting for over half of the vacant industrial space in the Des Moines area, according to JLL’s 2023 fourth-quarter industrial market …

Rick Tollakson

Hubbell’s Tollakson inducted into ISU department’s hall of fame

Rick Tollakson, president and CEO of Hubbell Realty Co., has been inducted into Iowa State University’s Department of Civil, Construction and Environmental Engineering Hall of Fame, the school announced. Tollakson graduated from ISU in 1976 …

Microsoft

Microsoft buys land in Van Meter for another data center campus

Technology giant Microsoft Corp. has acquired 377 acres of farmland in Van Meter’s Vision Park, an area on the southeast part of the Dallas County community that a decade ago was identified for business development.…