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Real Estate and Development

Altoona convenience store

NOTABLE TRANSACTION: Convenience store property in Altoona sold for $3.4 million

SK Enterprises LLC, located in Clive, paid SK Investment LLC $3.4 million for property at 2635 Adventureland Drive in Altoona, Polk County real estate records show. The 1.1-acre parcel includes a Super Shop convenience store with …

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Swanson receives Iowa architect group’s top award

Channing Swanson, a principal with Neumann Monson Architects, has been awarded the AIA Iowa Medal of Honor, the Iowa Chapter of the American Institute of Architects announced.

Channing Swanson,

The Medal of Honor is the …

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Multifamily construction expected to stabilize in U.S. in 2023, NAHB official says during luncheon

Construction began on 529,000 multifamily housing units in the U.S. in 2022, the highest total in 36 years, according to the U.S. Census Bureau and Department of Housing and Urban Development.

The large number of …

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Floor in downtown’s 801 Grand office tower to be converted to fitness center, other spaces

Principal Financial Group will adapt the 19th floor at 801 Grand to better meet the needs of current and future tenants, company officials said in a statement released to the Business Record.

The 19th floor …

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Multifamily project proposed along Indianola Avenue

A multifamily project would be built on the site of a former mobile home park on Des Moines’ south side under a proposal that will be considered this week by the Plan and Zoning Commission.…

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The value of a small white building on Woodland Avenue

For more than a century, a small, white wood-framed building in the 2500 block of Woodland Avenue was the pulse of the Woodland Heights neighborhood, first as a grocery store and then as a barbershop …

Diligent Development rendering

Another sponsor announced for Norwalk’s mixed-use project

Diligent Development, a Des Moines-area boutique real estate development company, is the newest sponsor for Norwalk Central, a planned mixed-use development in the center of the Warren County community. Diligent Development is contributing towards the …

shine shop grimes

NOTABLE TRANSACTIONS: Omaha group buys 4 Shine Shop Car Wash properties

City Ventures, an Omaha-based investment group, has purchased four area car washes, real estate transactions in Polk and Dallas counties show.  

The investment group purchased the properties from Splash Express LLC, a Des Moines company whose …

Fleming Building

Historic Fleming Building sold to Iowa company for $9.2 million

The historic, 11-story Fleming Building, located at 218 Sixth Ave. in downtown Des Moines, has been sold for $9.2 million to an Iowa real estate management company, Polk County real estate records show.

KMC Properties, …

515 Walnut view from south at night

Learn more about design of proposed 33-story downtown Des Moines tower

The appearance of a proposed downtown Des Moines high-rise will change throughout the day depending on how light reflects off it and whether shades are in use in the building’s 390 apartment units, an architect …