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Real Estate and Development

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Project515 panelists discuss residential real estate sector

Since 2021, interest rates for home mortgages have more than doubled, causing challenges in the residential real estate market.

But even with higher rates, panelists on the Business Record’s recent virtual discussion about the residential …

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Homebuyers returning to the market, real estate agent says

In the past couple years, lack of homes for sale and the fierce competition over the few that were on the market pushed many potential homebuyers to the sidelines.

Erika Hansen

Now, even though interest …

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VIDEO: Last Project515 covers 2024 outlook for housing market

Interest rates for a 30-year home mortgage are hovering around 8%, their highest levels in 23 years. One-third fewer new and existing houses have been sold in the Des Moines area in 2023 than in …

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CISS receives $2.55 million to create DM housing support center

Central Iowa Shelter & Services has announced a partnership with Iowa Total Care, a Medicaid health care coverage provider in the state and a wholly owned subsidiary of Centene Corp., to create an on-the-ground housing …

Ryan Wade principal of Wade Investments LLC

Downtown Des Moines poised to add 1,778 apartments

Multifamily developer Ryan Wade had an opportunity to buy property on the edge of Des Moines’ downtown district just prior to the start of the pandemic.

He backed away from the deal when the economy …

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Miniatures of Des Moines buildings on display

The Des Moines Heritage Trust is hosting a Des Moines Miniature History contest this weekend at the Des Moines Heritage Center. The event will feature several historic Des Moines buildings and a 30-foot model railroad …

2023 AIA Central States design award winners announced

Iowa Architecture firms were recently recognized by the American Institute of Architects Central States, which includes Iowa, Nebraska, Kansas, Missouri and Oklahoma. The program honors design excellence within the states and elsewhere. The AIA Central …

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Ag Express completes expansion of Des Moines facility

Ag Express Electronics, which provides custom electrical wire harnesses and agricultural electronics services, has completed an expansion and modernization of its facility at 6280 N.E. 14th St., just north of Des Moines. The now 28,000-square-foot …

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Apartment property in Johnston sold for $1.13 million

This apartment building at 4779 N.W. 62nd St. in Johnston was one of two multifamily properties recently acquired by Nguyen Property LLC. Photo courtesy Polk County assessor

Nguyen Property LLC, located in West Des Moines, …

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Boesen: ‘We want businesses to locate in downtown Des Moines’

Over 1 million square feet of office space is vacant in downtown Des Moines, according to CBRE Inc.’s third-quarter market report. There are also empty retail spaces and a smattering of vacant lots and little-used …