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Real Estate and Development

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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 …

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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 …

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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 …

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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.…

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Southeast Connector project expected to spur industrial growth in Des Moines, Pleasant Hill

The extension of MLK Parkway from 30th Street in Des Moines to Pleasant Hill will open the area to further industrial development and placemaking opportunities, while creating a more direct pathway from Des Moines to …

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Ruan promotes Jeff Harpole to executive vice president

Ruan Transportation Management Systems has promoted Jeff Harpole to executive vice president, the company announced in a prepared statement.

Harpole currently serves as senior vice president at the Des Moines-based transportation management company. He joined …