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Real Estate and Development

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Q1 architectural report shows slow activity in office sector

The office market sector is nearly stagnant as architectural firms focus on navigating a complex economic environment, the first quarter market report from the American Institute of Architects Iowa Chapter showed.

The report, released Monday, …

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Grever to lead Weitz Co.’s commercial division

Mike Grever has been promoted to director and general manager of the Weitz Co.’s commercial division, the company announced this week.

The company said in a news release that Grever joined Weitz in 2015 as a …

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NOTABLE TRANSACTIONS: Office property in West Des Moines sold for $16.6 million

Property in West Moines that includes an office building once described as “big and bold” has a new owner, Dallas County real estate records show.

HV Real Estate LLC, managed by West Des Moines-based Telligen, …

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Grimes takes next step in downtown vision plan

The city of Grimes recently released the initial findings from its downtown assessment survey and general recommendations as it continues its work to create a vision for the future of its downtown, commonly called the …

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Des Moines resident Greg Abel to succeed Buffett as Berkshire Hathaway CEO

Berkshire Hathaway’s board of directors voted Sunday to appoint Greg Abel as the conglomerate’s CEO, effective Jan. 1, 2026, while Warren Buffett will remain chair of the company. Buffett, 94, announced the leadership transition at the company’s 60th annual meeting …

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Lynch reflects on start of Invest DSM as she prepares to move on

Amber Lynch, who has led Invest DSM since it was created in 2019, is leaving the organization effective Thursday.

Amber Lynch, who helped create Invest DSM with a vision to build healthy neighborhoods by keeping …

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What you need to know from the CRE Trends and Issues Forum

Downtown housing, conversion of vacant office space, adaptive reuse and challenges facing the commercial real estate market caused by tariffs, interest rates and uncertainty around changes in the state’s property tax structure.

Those were among …

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What’s the valuation of data center properties in Central Iowa? More than $3.75 billion, review shows

The total valuation of data center properties that are either fully developed or are in the process of being developed increased 5.1% in 2025 from 2024, a review of valuations in Polk, Dallas, Madison and …

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NOTABLE TRANSACTIONS: Hotel property in Des Moines sold for $2.7 million

MVP Hospitality Iowa Inc., located in West Des Moines, paid Adi Lakshmi Lodging Inc. $2.7 million for property at 4995 Merle Hay Road in Des Moines, Polk County real estate records show. The 1.8-acre parcel …

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Documents reveal possible conversion of downtown Wells Fargo buildings

A rendering included in a pre-application for the Wells Fargo building at 206 Eighth St. filed by Invision Architecture shows the proposed reuse of the building by an unnamed prospective buyer. Source: Pre-application submitted to…