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American Equity rendering

American Equity, city of Des Moines, eye early 2026 for move to former Nationwide building

American Equity Investment Life Insurance Co. and the city of Des Moines are continuing improvements to the former Nationwide building on Locust Street in preparation for their moves early in 2026.American Equity announced in May 2024 its plans to move its headquarters from 6000 Westown Parkway in West Des Moines to 1100 Locust St., in downtown Des…
By Michael Crumb | Jul 2, 2025
An aerial photo of construction work on two warehouse sites

2 new speculative warehouses under construction in Bondurant

Temple Real Estate Services has begun the second phase of an industrial project in Bondurant, starting construction on two flexible use warehouse projects. The projects at 2151 and 2201 Shiloh Rose Parkway S.W. are for speculative uses, wrote Dillon Temple in an email. “We currently do not have any signed leases but interest in leasing space has increased…
By Kathy A. Bolten | Jul 2, 2025
Argonne Armory aerial

UPDATE: City Council approves RFP for armory, sharing agreement with county for parking lot redevelopment

The Des Moines City Council has voted to issue a request for proposals on the Argonne Armory and to approve a 28E agreement with Polk County for the redevelopment of the county-owned parking lot at Fifth and Cherry streets downtown. The council took action on both items at its meeting on Monday. The city decided…
By Michael Crumb | Jul 2, 2025
Des Moines International Airport logo

New parking garage at DSM International Airport opens

The new parking garage at Des Moines International Airport opened Tuesday, adding more than 1,100 covered parking spaces, bringing the total number of covered spaces to more than 2,900. It marks a significant milestone in the airport improvement project, which includes the construction of a new terminal. Construction on the new garage began in 2023…
By Business Record Staff | Jul 2, 2025
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NOTABLE TRANSACTIONS: 3 downtown Des Moines properties sold in past week

Three’s Car Garage LLC, located in Des Moines, paid Garland Enterprises LLC $1.5 million for two parcels in downtown Des Moines, Polk County real estate records show. One parcel at 1304 Locust St. includes a two-story, 17,136-square-foot building constructed in 1925. The property is valued at $441,000. The second parcel at about 1305 Walnut St. is…
By Kathy A. Bolten | Jul 2, 2025
UNI Panther District rendering

UNI announces plans for Panther District

Officials with the University of Northern Iowa in Cedar Falls say the new mixed-use Panther District that is planned near the UNI-Dome and McLeod Center will serve as an economic driver for the entire community and help attract new businesses and people to the city. The university announced plans recently for the Panther District near…
By Michael Crumb | Jul 2, 2025
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Supply managers expect tariffs to push input prices up 7.5% in Q3, Q4 2025

The Creighton University Mid-America Business Conditions Index declined 0.3 points in June, going from 51.0 in May to 50.7 in June, which remains above growth neutral. The index is an economic indicator for the nine-state region stretching from Minnesota to Arkansas, and uses the same methodology as the national Institute for Supply Management (ISM). It…
By Business Record Staff | Jul 1, 2025
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Wells Fargo Arena officially becomes Casey’s Center

New interior signage was unveiled at Casey’s Center today in an event marking the official name change after 20 years. Casey’s General Stores last year was awarded a 10-year naming rights agreement for the 17,000-seat arena for $18.3 million. Wells Fargo previously had the naming rights to the arena, in a 20-year, $11.5 million deal that ended June…
By Gigi Wood | Jul 1, 2025