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Real Estate and Development

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NOTABLE TRANSACTIONS: Polo Club Apartments in West Des Moines sold

Polo Club Apartments in West Des Moines were recently sold for $38 million, records show.
According to a news release, commercial real estate investment and sales firm Greysteel represented the seller, Polo Club LLC, in …

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City ‘tees up’ 300-acre shovel-ready industrial site for development

A new, nearly 300-acre industrial site on the southeast side of Des Moines is ready for development, city officials said Thursday at a news conference announcing that the site has been designated as shovel ready …

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Hubbell Construction receives national award

Hubbell Construction Services, a division of Hubbell Realty Co., received an “AGC in the Community” Special Recognition Award from the Association of General Contractors of America for its Homes of Hope Hubbell Extreme Build. The …

Merle Hay Mall construction Kohls

Urbandale approves Merle Hay Mall revitalization plan; IEDA board to get update Friday

The Urbandale City Council has signed off on a revised revitalization plan for Merle Hay Mall, with the amended application for funds from the state’s Iowa Reinvestment Act program now going to the Iowa Economic …

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Origin Homes receives Rand Fisher Rural Leadership Award

Origin Homes was awarded a 2025 Rand Fisher Rural Leadership Award at the 2025 Iowa Rural Summit. The award, given by the Iowa Rural Development Council, highlights an organization that demonstrates exceptional leadership, innovation and …

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New sports complex in Waukee opening

The new Kettlestone Central Sports Complex in Waukee will host its inaugural tournament this weekend. The complex includes two 65,000-square-foot rectangular-shaped buildings with brick exteriors and gable-style roofs. Each building includes six full-size basketball courts …

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Q1 office market reports show office consolidation keeping vacancy rates stable or higher

No new office construction was brought to market in the first quarter of 2025, with vacancy rates remaining high in the central business district as tenants either consolidated locations or moved but did not expand.…

121 12th St. lofts

NOTABLE TRANSACTIONS: Downtown Des Moines lofts sold for $2.95 million

Sote Dooriors I LLC, based in Des Moines, paid  Hubbell Realty Co., operating as the 12th Street Lofts LLC, $2.95 million for property at 121 12th St. in downtown Des Moines, Polk County real estate …

Goldfinch Lofts

2 apartment projects receive final design approval from DM board

A three-story mixed-use mass timber building is planned for 3404-3422 Ingersoll Ave. in Des Moines. Goldfinch Lofts will include commercial space on the street level and 28 residential units on the second and third floors. …
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Polk, Dallas counties see increase in residential valuations

The valuation of residential property grew by an average of 9.9% in Polk County and 4.5% in Dallas County in this year’s reassessment of property values, officials with the counties said.

The increases are substantially …