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Real Estate and Development

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What development options are available for Wells Fargo’s downtown properties?

Wells Fargo owns 12 downtown Des Moines properties with a total value of over $125.5 million. Click on each pinpoint in the map to find out more about each property.

Wells Fargo owns 12 properties …

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Brian Clark launches new development company

Brian Clark, who for over seven years has worked at Ryan Cos. as director of development, has launched Sonar Development Partners, a company that specializes in owner’s representation, project management and development services. “The path …

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Here’s how many $1 million-plus homes sold in DM area in 2022

Eighty-three residential sales exceeded the $1 million mark in 2022, with 20 of the sales occurring in West Des Moines, information compiled by Iowa Realty brokers Rick and Marcia Wanamaker shows.

A record-setting 86 $1 …

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Wells Fargo relocating most downtown workers to WDM

Wells Fargo will move a large number of its downtown Des Moines workers to its 160-acre Jordan Creek campus in West Des Moines, the company told employees on Friday.

The company will vacate its downtown …

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Construction of proposed Bombers development expected to begin in April

Plans for an entertainment venue in Johnston have expanded to include a wider variety of activity options for guests, who will be able to bowl, throw axes, play pickleball, and drive or putt golf balls, …

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Slowdown in commercial real estate activity occurred in 2022

Polk County saw a decline in the number of commercial real estate transactions between January and November last year, although sale prices continued to exceed properties’ assessed valuations, a review of county data showed.

Between …

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HFW Cos. and Iowa-based Invision form strategic growth partnership

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Hotel property in Clive sold for $5.6 million

A hospitality group located in Ohio has purchased property in Clive that includes a six-story hotel, Polk County real estate records show.

Lewis Center, Ohio-based Batra Hospitality Group Inc. paid Ravenwood Highlander II LLC $5.6 million for …

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JLL report: Des Moines-area office vacancy rate at 11.9%

The amount of vacant office space in the Greater Des Moines area was 11.9% in 2022’s fourth quarter, according to a report issued by JLL Inc., a global commercial real estate services company with an …

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McClure adds environmental services to its portfolio

McClure Engineering Co., a civil and structural engineering company headquartered in Clive, has expanded its portfolio to include water resources engineering, environmental services and geographic information systems, the company recently announced.

“Adding this service is …