Glidden
Glidden, IA · Real Estate
rejournals.com
Colliers names associate vice president in Des Moines office
Tim Bratvold has joined Colliers | Des Moines as Associate Vice President. Bratvold brings more than 14 years of industry experience to the role and will collaborate closely with the firm’s Minneapolis-St. Paul multifamily team, which has closed more than $1 billion in multifamily transactions over the past two years and maintains a strong presence across the region.
kniakrls.com
City of Indianola Issues Letter of Support for Habitat for Humanity Home
The city of Indianola has written a letter of support for Habitat for Humanity as the non-profit organization is hoping to build a home in town. Indianola City Manager Jake Meshke says Habitat for Humanity has their location picked out and the letter of support is a big step in making that happen.
Albia Newspapers
Des Moines mid-year housing market review
Seven months into 2026, the housing market is showing signs of unwinding from the pandemic-era frenzy that drained supply, pushed prices to record highs, and brought activity to a standstill. Buyers have more homes to choose from than they did at the start of the year, competition has balanced in a few slower markets, and price growth has remained relatively modest. Affordability is still a key issue and is limiting activity, though.
The Des Moines Register
Vacant Wells Fargo tower could be replaced by boutique hotel by 2027
Work on converting a former Wells Fargo office building in downtown Des Moines into a 157-room hotel could begin by late 2026. The date was part of information submitted to the Des Moines City Council, which on Monday, Aug. 3, is slated to consider preliminary terms of a development agreement. It would include a tax incentive for the estimated $48 million project at 206 Eighth St. The top floor of the proposed Marriott Le Méridien boutique hotel would include a bar and restaurant, according to memo to the council from the city's economic development office . Plans for the 11-story building also call for a wellness spa, conference space, ground-floor food and beverage service and a skywalk connection. An application for the office-to-hotel reuse of the 188,796-square-foot building was submitted in March 2025, followed by Wells Fargo selling the structure to DMCRE2 LLC the following August . DMCRE2 's managing partner, Jonathan Koester, president of Koester Development, is seeking $3.9 million through tax increment financing, or TIF, over 21 years, according to the memo. The economic development tool diverts increases in property taxes resulting from investment back into the project to help offset costs. The financial assistance would account for
Des Moines Business Record
Davidson building fire sets Jeff Stanbrough on an unexpected restoration path
A fire on the third floor of the Davidson building in 2024 nudged developer Jeff Stanbrough into a project he never expected to undertake: a historic renovation. Stanbrough, a third-generation developer, acquired the three-story, 125-year-old building at 108 Third St. in late 2021. The building’s main tenant was Saxton Furniture, which occupied street-level space. Other tenants were on the second and third floors. In spring 2024, what began as a remodeling project to expand space for a tenant unexpectedly changed course. Work came to a halt when stain-soaked rags left by a painter spontaneously combusted, sparking a fire on the building’s third floor.
Des Moines Business Record
NOTABLE TRANSACTIONS: 3 commercial properties in Ankeny sold
Three commercial properties in Ankeny have new owners, Polk County real estate records show. The transactions include:. Jeffrey Paul Homes LLC, located in Ankeny, acquired property at 1850 SW Plaza Shops Lane from Classic Holdings 1850 LLC for just over $2 million. The property includes a 6,784-square-foot neighborhood shopping center in the Prairie Trail development. The property, developed in 2014, is valued at $1.4 million. Jeffrey Paul Homes LLC is a real estate investor that has acquired mostly residential properties in recent years. The entity’s transaction in Ankeny was recorded July 21.