Real Estate and Development

granger map

Granger begins rec plex talks as part of growth strategy

The above map shows areas of designated development in the city of Granger. The area labeled 1C includes the area where the Granger City Council created a North Urban Renewal Plan. The yellow areas included…
Johnston Hospice House

NOTABLE TRANSACTIONS: Shuttered hospice property in Johnston sold to Nevada entity

Peak Realty LLC, located in Las Vegas, Nev., paid Catholic Health Initiatives Iowa Corp. (also known as Mercy Medical Center) $2.1 million for property at 5820 Winwood Drive in Johnston, Polk County real estate records show. …

baker group prefab

Baker Group opening building in Altoona for prefab operations

Baker Group is opening a 90,000-square-foot facility in Altoona as it expands its off-site modular prefabrications operation.

In a news release, officials with Baker said the new facility brings to 239,000 square feet of space …

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CBRE report: Retail vacancies in Des Moines area slip to 3.6%

Positive absorption, higher rental rates and historically low vacancy rates have helped buoy the Des Moines area’s retail market, according to CBRE Inc.’s third-quarter market report.

In recent months, two large chunks of empty retail …

USBank WDM

U.S. Bank remodeling office in West Des Moines

U.S. Bank’s branch office at 3738 Westown Parkway in West Des Moines is being remodeled to have a modern atmosphere. “The branch looked like a very traditional bank branch,” said Amy Anderson-Vali, U.S. Bank’s branch …

Bondurant Grain Elevators

NOTABLE TRANSACTIONS: Landus Cooperative sells Bondurant grain elevators for $1.89 million

Dynamic Storage Bondurant East LLC, based in Okoboji, paid Farmers Elevator Co. (Landus Cooperative) $1.89 million for property at 2020 Second St. N.E. in Bondurant, Polk County real estate records show.

The group stopped using …

Lerda

Nebraska couple with Iowa ties opening Elevator, a co-warehousing company, in downtown Des Moines next spring

When Shannon Lerda’s e-commerce business took over her family’s home in Omaha, she began looking for warehouse space where she could store supplies and package goods bought by customers.

Lerda wanted to lease up to 1,000 …

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Brown’s Shoe Fit relocating headquarters to Dallas Center

Brown’s Shoe Fit Co. recently purchased property in Dallas Center that includes an office-warehouse building that has sat empty for about five years. The company is relocating its headquarters to Dallas Center from Shenandoah. Photo by…
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ISU Research Park introduces ‘living’ as part of mixed-use development

A new mixed-use development is planned for the Iowa State University Research Park, a move that leaders say isn’t so much a shift in vision for the park but rather an expansion of the road …

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2-block span of East Court undergoing $28.9 million redevelopment

Architect and developer Doug Wells quickly realized that if his newly vacant downtown office building was going to attract tenants, parking needed to be nearby.

“Our competition is the big office parks in West Des …