Office Blog Posts

Offers pour in for First Indiana Plaza

August 28, 2007
Comments(10)
A sluggish real estate market hasn't deterred investment groups interested in owning the 31-story First Indiana Plaza. Brokers say the New York-based owners of the struggling skyscraper have received about 10...
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Pan Am sale called off

August 27, 2007
Comments(5)
A Texas company has terminated its contract to buy Pan Am Plaza because of turmoil in the credit markets. Principle Equity Management had hoped to build a $50 million restaurant and...
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Feds cancel deal for FBI headquarters

August 15, 2007
Comments(5)
The federal government has canceled a contract with a Missouri developer chosen to build a new FBI field office in Castleton. The U.S. General Services Administration awarded the $38-million contract to Kansas City-based...
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New Pan Am owner has retail plans

July 30, 2007
Comments(28)
A Houston firm has agreed to buy Pan Am Plaza's office building, skating rinks and the plaza itself. The company, Principle Equity Management, is planning a low-rise, restaurant-anchored development that would...
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A racy redesign

July 19, 2007
Comments(10)
Check out the new look for the former Junior Achievement building at 21 Virginia Ave. The office building is getting a new name, 500 Festival Building, along with a renovation in...
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KIB getting new headquarters

July 16, 2007
Comments(4)
Keep Indianapolis Beautiful is planning to renovate a vacant industrial building in Fountain Square to serve as its new headquarters. The not-for-profit will seek LEED certification for the 25,000-square-foot building...
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500 Festival moving downtown

June 28, 2007
Comments(4)
The nonprofit volunteer organization that puts on the 500 Festival Parade and other events is moving its headquarters to an office building downtown. 500 Festival plans to move its operations to 21...
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College leasing chunk of Lexington

June 7, 2007
Comment(1)
A private college system plans to move into the Lexington project at Meridian and 12th Streets downtown. Brown Mackie College has executed a lease for 25,000 square feet in the 1921 building that...
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Office market musical chairs

May 24, 2007
Comments(2)
The Indiana Supreme Court, Court of Appeals and Tax Court have signed a letter of intent to move their offices to space formerly occupied by Eli Lilly & Co. at 30 S. Meridian. They're leaving National City Center. The courts...
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Mann pitching new projects

May 21, 2007
Comments(3)
Locally based Mann Properties is pitching retailers in Las Vegas this week on a couple of mixed-use developments slated for the north side: A project with 132 townhomes and a retail strip called Creekside Shoppes would be built along 86th...
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Historic roller rink for sale

May 18, 2007
Comments(14)
The former Rollerland skating rink, which also once served as a car dealership, is up for sale. The 1928 building at 922 N. Pennsylvania St. is part of a block of four properties owned by Master Glass & Color Inc....
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North side project to include Paradise

May 11, 2007
Comments(7)
A two-building office and retail complex at the corner of Meridian and 96th Street will include a Paradise Bakery & Cafe and a McAlister's Deli. Landmark Properties is developing the 45,700-square-foot project...
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Your turn: FBI project perplexes

April 24, 2007
Comments(2)
The real estate community has been buzzing of late about the intrigue surrounding a new FBI field office planned for Castleton. What do you think? As IBJ reported, the U.S. General Services Administration awarded the $38-million project to a Missouri-based...
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Office Space, anyone?

April 19, 2007
Comment(1)
There's plenty available. New numbers from Colliers Turley Martin Tucker show office vacancy rates all over the city rose in the first quarter of 2007. Downtown's vacancy rate took a beating again, rising...
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Why no name on the Chase Tower?

April 9, 2007
Comments(0)
Most downtown skyscrapers have prominent signs up top identifying the tenant with naming rights to the building. Chase Tower does not. Why? A banking official said it was an oversight in which...
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