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Real Estate and Development

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Historic Hawkeye Insurance property in downtown Des Moines sold

One of downtown Des Moines’ oldest buildings has been sold for $1.6 million, Polk County real estate records show.

The historic Hawkeye Insurance Co. property in downtown Des Moines was sold for $1.6 million. Photo…
Wells Fargo WDM building

How will sale of Wells Fargo properties at discounted prices affect other office properties? It’s too soon to know, experts say

It will take several months, if not a few years, to understand the effects Wells Fargo’s sale of Des Moines-area properties at discounted prices will have on the office market and property valuations, real estate …

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Builder, developer luncheon speakers announced

Speakers for the 17th annual Builder and Developer Luncheon, sponsored by Diligent Development and Peoples Company, include:

Adam Farver, board chairman of Pella Corp. Selma Hepp, chief economist at CoreLogic. Tiffany Tauscheck, president and CEO of…
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A Closer Look: Kaity Patchett

Kaity Patchett’s first week as executive director of the Central Iowa region’s Capital Crossroads initiative was “appropriately overwhelming and extremely exciting.”

The 35-year-old said she is meeting key players and taking a deep dive into …

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2023 saw slight uptick in new home construction

The Des Moines area experienced a 5.5% increase in 2023 in the number of building permits issued for new home construction, a review by the Business Record shows.

Overall, 3,422 permits for new home construction …

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Presbyterian Homes and Services announces CEO retirement, transition plan

Dan Lindh will retire from his position as president and CEO of faith-based senior housing provider Presbyterian Homes and Services after more than 47 years with the organization. The company is based in St. Paul, …

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Trailside Tap in Ankeny clearing path toward expansion

Trailside Tap could break ground on an expansion this fall that would nearly quadruple the size of the bar and restaurant in Ankeny’s Uptown neighborhood.

The 2,600-square-foot business, at 710 S.W. Third St., continues to …

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Office property in Johnston sold for $30 million

Office property in Johnston that was developed around 2014 has been sold for $30 million, Polk County real estate records show.

Pioneer Hi-Bred International Inc., based in Johnston, paid ARCP OFC Johnston Ia Phase II …

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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 …

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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, …