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Real Estate and Development

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Sponsorships provide Norwalk with $635,000 to help pay for mixed-used project

Three businesses will pay the city of Norwalk $635,000 for sponsorships in Norwalk Central, a planned mixed-use development in the center of the community that is expected to include retail, restaurants, sporting and recreation venues, …

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NOTABLE TRANSACTIONS: Commercial property in Dallas County sells for $31.1 million

Property in De Soto occupied by Insurance Auto Auctions was purchased by an investment group based in San Diego, Calif., Dallas County records show.

Property in Dallas County occupied by an auction company has been…
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PROJECT UPDATE: Market District

What: Former city of Des Moines public works facility
Where: 212 E. Martin Luther King Jr. Parkway
What: Demolition is underway of a building that previously housed Des Moines’ public works department.

The property on which the building …

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R&R Realty promotes senior executives to new roles

R&R Realty Group, based in West Des Moines, has promoted two senior company officials to new roles, the company announced.

Adam Kaduce, previously managing director and senior vice president of R&R’s Real Estate Advisors, has been …

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More new projects planned at Southridge Mall

Southridge Mall, an aged retail center on Des Moines’ south side, continues to be revitalized, this time with the addition of a multifamily project and expansion of an auction company in space once occupied by …

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New regional economic development group helping communities win grant dollars for community improvements

The city of Knoxville received federal grant money, with the help of the recently created economic development organization Mid-Iowa Planning Alliance, for facade improvements to a building on the city’s downtown square. Shown here are…
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Office vacancies halting growth in downtown property values

The amount of vacant office space in Des Moines’ central business district has more than doubled in the past four years, adversely affecting the value of office property in downtown.

In 2022’s fourth quarter, 17.9%, …

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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 …