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Real Estate and Development

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CBRE releases third-quarter office market report

In the past year, average asking lease rates for the Greater Des Moines area’s office market have dropped 3.5% to $13.27 per square foot, according to CBRE Inc.’s third-quarter market report. A year ago, asking …

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CBRE relocating Central Iowa office to new building in West Des Moines

CBRE Group Inc.’s Central Iowa team in early 2024 will relocate its offices to a newly constructed mixed-use building at 595 S. 60th St. in West Des Moines, Bill Wright, a CBRE managing director, confirmed.…

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AgCertain continues its expansion with new rail spur

AgCertain, the maker of food products and renewable chemicals, recently broke ground on a new rail spur to better serve its growing campus in Boone.

Daniel Oh

The Ames-based AgCertain is focused on products and …

5950 Delaware Ave. Ankeny

Vacancy rate for industrial space in Des Moines area at 5.2%

The vacancy rate for industrial space in the Greater Des Moines area was 5.2% in 2023’s third quarter, up from the same period a year ago when it was 2.9%, JLL’s industrial insight report shows.…

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4 Des Moines projects awarded historic preservation tax credits

A project to renovate the former Carpenter Paper Co. building at 106 S.W. Seventh St. in Des Moines was awarded over $4.7 million in tax credits from Iowa’s Historic Preservation Tax Credit program. Architectural rendering…
Architectural rendering of three-story building with a black roof and white and brick exterior

Luxury townhome development under construction along Ingersoll Avenue

Construction is underway on a four-building, 16-unit luxury townhome project being built on a nearly 1-acre site along Ingersoll Avenue that previously sported a dilapidated apartment building.
Urbandale-based Platinum Development Co. is building the project …

Falcon view from west

2 proposed apartment projects would add 246 units to downtown Des Moines

A 202-unit apartment building is proposed to be constructed at 1435 Mulberry St. in downtown Des Moines. The $62 million project is proposed on the site where the Des Moines Area Religious Council’s food pantry…
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$120 million, 120-acre mixed-use development planned in Huxley

The Anthem development in Huxley includes apartments designed for young professionals. It is a 120-acre mixed-use development that will also include a senior living campus, retail, space for light industrial and other amenities. Architectural rendering…
308 Court Ave. Des Moines

Court Avenue Lofts in Des Moines sold for $3.3 million

VareCo, a Denver-based private investment firm, has purchased the Court Avenue Lofts at 308 Court Ave. in Des Moines, Polk County real estate records show.

The second through fourth floors of the historic building at…
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City of Waukee seeks public input for aquatic center feasibility study

The city of Waukee is exploring the potential development of an outdoor aquatic center and conducting a feasibility study to see if there is enough public support. Residents of all ages can join an interactive …