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Real Estate and Development

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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 …

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Iowa real estate developers form association to focus on advocacy

Several Iowa developers have formed the Iowa Real Estate Developers Association, a group whose goals include advocating for a positive environment for economic investment and providing professional development opportunities to other developers, members announced.

The …

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Commercial permits valued at $1.97 billion issued in Des Moines area in 2022

Permits for more than 250 new commercial construction projects were issued in the Des Moines area in 2022, a review of city and county building permits shows.

The projects’ total value? Over $1.97 billion.

The …

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Construction of warehouse space continues in Des Moines area

Much of the speculative warehouse development that’s been built in the Des Moines area in the past two years or so has occurred in Ankeny, Altoona and Bondurant.

Demand, though, also exists for industrial space …