Real Estate and Development

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Office quarterly reports: Vacancy rates on the rise

Office vacancy rates increased across the metro in the third quarter of 2024, with vacancy rates in the Central Business District climbing to as high as 22.3%, in part because of Wells Fargo moving out …

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HD Sports opening in Norwalk’s Dunn Industrial Park

HD Sports, an indoor training facility for athletes involved with baseball and softball, will occupy 5,000 square feet of space in Dunn Industrial Park, located at 250 Delaware St. in Norwalk.

HD Sports is owned …

204 12th Street DM

NOTABLE TRANSACTIONS: Omaha-based firm buys building in downtown Des Moines

An Omaha-based company has acquired a building at 204 12th St. in downtown Des Moines for $2.4 million, Polk County real estate records show.

Cordoba Holdings DSM LLC, managed by Elevator, paid Nationwide Mutual Insurance Co. …

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Berk, Des Moines plans examiner, retiring after 26 years with city

Terry Berk had a goal when he started his work career in 1991: Retire at age 56.

This week, Berk, plans examiner for the city of Des Moines, is retiring from the job he’s held …

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Wells Fargo employees begin working, meeting in remodeled space at Jordan Creek campus in West Des Moines

Wells Fargo employees have begun working in the 360,000 square feet of office space that has been remodeled at the financial institution’s 160-acre Jordan Creek campus in West Des Moines, a company spokesperson said.

The …

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Q3 reports forecast optimism for Central Iowa industrial market

Construction of speculative space in the Central Iowa industrial market slowed in the third quarter of 2024, allowing for greater absorption of new and existing space, quarterly reports from commercial real estate brokerage firms showed.…

True Parkway

NOTABLE TRANSACTIONS: Hubbell Realty sells Hamlet Apartments for $17.6 million

A Denver, Colo.-based real estate investment firm has acquired the Hamlet Apartments in West Des Moines from Hubbell Realty Co., Polk County real estate records show.

True Parkway IA LLC, managed by Halaby Capital Partners …

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Maryland data center developer discusses plans in Van Meter

The CEO and president of a Maryland-based developer of data center facilities commented about the company’s recent land acquisition in Van Meter during an announcement of third-quarter earnings results.

COPT Defense Properties, a publicly traded real …

Gerdin fieldhouse Luther college

Luther College undertaking major athletic facility renovation

Renovations of the Gerdin Fieldhouse for Athletics and Wellness at Luther College are underway, with plans to update the existing 200,000-square-foot athletic facility and build a 15,787-square-foot addition.

According to a news release from the …

Mercy North

NOTABLE TRANSACTIONS: Medical property in Ankeny sold for $31.7 million

A Georgia-based real estate company that specializes in the medical and office sectors has acquired property in Ankeny on which Mercy Medical North is located, Polk County real estate records show.

800 E First St …

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