Housing

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2023 saw slight uptick in new home construction

The Des Moines area experienced a 5.5% increase in 2023 in the number of building permits issued for new home construction, a review by the Business Record shows.

Overall, 3,422 permits for new home construction …

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Former Clive Hotel becoming workforce housing

Jason Grove and Tina Smothers have converted two properties into workforce housing in the past five years: Dormitories on the former AIB College campus in Des Moines and an extended-stay hotel in Clive.

So, when …

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Housing study underway in Indianola

The city of Indianola is partnering with Confluence, a landscape architecture firm, to develop a comprehensive housing study and needs assessment that will help guide the city’s future planning. “By comprehending our housing dynamics in-depth, …

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Angela Veatch recognized for expertise in senior housing, late-in-life transitions

Angela Veatch

Realtor Angela Veatch has earned the Certified Senior Housing Professional (CSHP) designation from the Seniors Real Estate Institute (SREI). Veatch joins Mary Eikenberry and Kelly Musgrove as one of three CSHP-designated realtors in …

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Artisan Capital Group acquires student housing development in Ames

The Foundry, a boutique student housing development next to Iowa State University in Ames, has been acquired by Artisan Capital Group, the Chicago-based group announced.

The $15.1 million acquisition expands Artisan Capital Group’s portfolio in …

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Des Moines senior living community starts $1M renovation

Beaverdale Estates, a Holiday by Atria independent living community, has started a renovation of its facility located at 4610 Douglas Ave. in Des Moines. The project will install new flooring, updated kitchenettes with modern cabinets, …

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Des Moines-area home sales dropped 4.5% in November

The number of home sales in the Des Moines metro area dipped 4.5% in November, with 912 homes sold compared to the 955 homes sold in October, according to data from the Des Moines Area …

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Arizona group acquires Royal Oaks apartment complex

The Royal Oaks apartments at 2400 Hickman Road in Des Moines. Photo courtesy of Polk County assessor

The Grove at Hickman LLC, located in Gilbert, Ariz., and RT Family Properties LLC paid Hickman Partners LLC …

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Amare Vita: A new development designed for older, active adults

Consider this about Iowa’s population:

A little more than 1.1 million, or 36%, of Iowa’s 3.19 million residents are 50 years or older, according to information compiled by SeniorLiving.org. In Polk County, Iowa’s most populous …

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Project515 panelists discuss residential real estate sector

Since 2021, interest rates for home mortgages have more than doubled, causing challenges in the residential real estate market.

But even with higher rates, panelists on the Business Record’s recent virtual discussion about the residential …