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Posts Tagged ‘commercial real estate’

Former nuisance property has new life after $2.5M renovation

By kbolten | March 22, 2023 | 0
Jeff Hoobin newsletter

Renovation work is nearing completion on a building that once was deemed a nuisance by the city of Des Moines.

“A lot of work has gone into bringing back this property that once was considered …

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Pella apartment complex sold for over $11 million

By kbolten | March 22, 2023 | 0
Highpoint at Pella
Highpoint at Pella, an apartment complex that was recently sold. Photo special to the Business Record

Highpoint at Pella, a 100-unit multifamily property located in Pella, has been sold for just over $11 million, according to …

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Urbandale apartment complex sold to Dallas group for $10.7 million

By kbolten | March 22, 2023 | 0
timberline at Meredith apartments


A group located in Dallas, Texas, has purchased an apartment complex in Urbandale, Polk County real estate records show.

The property at 7800 Iltis Drive in Urbandale includes the 144-unit Timberland at Meredith apartment complex. Bexley …

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Entertainment potential seen in warehouse near Riverview Park

By kbolten | March 15, 2023 | 0
Riverview Park image

Imagine this: On a warm summer’s day, you ride your bicycle on the Neal Smith Trail that hugs a portion of the Des Moines River and just past Sixth Avenue, you veer north, taking a spur …

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NOTABLE TRANSACTIONS: Cambridge Court apartment complex sold for $23.3 million

By kbolten | March 15, 2023 | 0
Cambridge Court apartments

A Chicago-based group has purchased the Cambridge Court apartment complex in West Des Moines, paying $23.3 million for the property, Polk County real estate records show.

The 192-unit complex, located at 1205 11th St. (pictured …

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One of 2022’s priciest industrial sales involved property in Bondurant

By kbolten | March 15, 2023 | 0
Amazon bondurant fulfillment center

The sale of property in Bondurant that includes the Amazon AR Sort Fulfillment Center was the third-largest industrial real estate transaction in the U.S. in 2022, according to CommercialSearch.com. In February 2022, Virginia-based Capital Square …

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Here’s how much MidAmerican Energy paid for Dotdash Meredith’s property

By kbolten | March 15, 2023 | 0
Dotdash Meredith building with shovel

MidAmerican Energy Co. has completed its purchase of Dotdash Meredith property along Grand and Locust avenues in downtown Des Moines, Polk County real estate records show.

MidAmerican Energy, headquartered in Des Moines, paid Meredith Operations …

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Vote on incentives for Des Moines apartment project delayed

By kbolten | March 8, 2023 | 0

A vote was put on hold this week by the Des Moines City Council on whether to approved a development agreement for a proposed mixed-use project in the East Village Neighborhood. Heart of America Group is …

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PROJECT UPDATE: $22 million restoration project of Grand Avenue hotel moving forward

By kbolten | March 8, 2023 | 0
Molo Gatehouse Exterior

What: Restoration of former Howard Johnson motor lodge to original hotel use.
Where: 2525 Grand Ave., Des Moines
Project cost: $22 million
Developer: Christensen Development
Architect: Slingshot Architecture
General contractor: Catalyst Project Management, located in Grinnell
What’s new: Redevelopment of a former …

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Can Des Moines market support 400 additional hotel rooms?

By kbolten | March 8, 2023 | 0
Grand Experience view hotel of indoor water park 1 1

The proposed development of a water park, convention center and hotel along Grand Avenue in West Des Moines will help fill the rooms of other hotels in the area, a consultant told the city’s council …

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