Commercial Leases
Suburban office market turns in strong first quarter
April 17, 2012
Tom HartonNet absorption was the highest in five years, chipping away at what has been a chronically high vacancy rate.
MoreTexas firm plans to move into Franklin distribution building
February 14, 2012
Scott OlsonMusic wholesaler Anderson Merchandisers LP is expected to occupy a 703,000-square-foot warehouse formerly used by Best Buy.
MoreApartments rev up residential revival downtown
January 28, 2012
Cory SchoutenAn apartment building spree downtown is getting fresh fuel with an $85 million mixed-use development that will be anchored
by a Marsh grocery.
MoreBrugge owners eye downtown buildings for brewery, eatery
January 10, 2012
Tom HartonOwners of Broad Ripple’s Brugge Brasserie want to bring a new restaurant concept to the Massachusetts Avenue district
downtown, where they also plan to relocate the craft brewery that supplies beer to Brugge.
MoreWarnings about broker's tactics went unheeded
December 17, 2011
Cory SchoutenSeveral state employees openly questioned how John Bales' real estate brokerage did business long before the FBI launched
an investigation that led to his indictment.
MoreCarmel office/retail complex hurt by road project gets second chance
December 13, 2011
Tom HartonMerchants Pointe, a two-building office/retail development at 116th Street and Keystone Parkway, is getting a fresh start
after major road construction drove away tenants and caused a previous owner to default.
MoreBroad Ripple buildings slated for office conversion
November 8, 2011
Tom HartonKyle Robinson and Drew Loftus are in the process of buying and rezoning a trio of vacant, connected buildings at 6334 Westfield
Blvd., where the Monon Trail crosses the canal.
MoreBuyers edging back into Indianapolis commercial real estate
November 5, 2011
Cory SchoutenMost buyers are bottom-fishers, investors looking for better returns or companies wanting their own building.
MoreEast 10th Street retail gets a boost
October 25, 2011
Scott OlsonTwo veterans of vintage retail are teaming up to open a store on a near-east-side corridor that’s getting renewed attention
from the 2012 Super Bowl Legacy Project.
MoreCircle Centre resolves lease dispute with Cinnabon
September 26, 2011
An attorney for the downtown Indianapolis mall has filed to dismiss the complaint, saying the two sides have resolved the
dispute through an out-of-court settlement.
MoreProspects bright for Borders replacements
July 26, 2011
Cory SchoutenBrokers expect strong demand from other retailers, in part because the failed bookstore chain carefully chose its real estate,
opting for locations near concentrations of affluent and educated consumers.
MoreJillian’s set to vacate ground floor of downtown building
July 15, 2011
Scott OlsonAn unidentified restaurant and bar is set to sign a lease by Sept. 1 to assume the Meridian Street space Jillian's has agreed
to relinquish as part of a lease dispute with its landlord. The entertainment complex will continue to operate on the second
and third floors.
MoreMarsh lands big tenant, will reoccupy headquarters
July 5, 2011
Tom HartonMarsh Supermarkets is reoccupying a portion of its long-vacant headquarters building and has snagged a plum tenant to sublease
most of the rest of the space.
MoreReport paints brighter picture for retail
June 14, 2011
Tom HartonThe real estate investment firm Marcus & Millichap says vacancy rates and tenant concessions in Indianapolis are falling
while rents and sale prices are poised to rise.
MoreMultiple tenants likely needed to plug Nordstrom hole
June 4, 2011
Greg AndrewsNordstrom occupies a staggering 210,000 square feet spread across three floors—60 percent more space than the Seattle-based
chain occupies at the Fashion Mall at Keystone and likely more than any single retailer would be willing to lease.
MoreBull-themed Cadillac Ranch takes over Music Mill
June 4, 2011
IBJ StaffNightclub Cadillac Ranch plans to open a location in the former Music Mill restaurant and concert venue on 82nd Street.
MoreSchool moving to vacant downtown building
May 3, 2011
Tom HartonA small private school that serves gifted and talented students intends to move to a downtown building that has been vacant
since a daycare center moved out three years ago.
MoreOffice stats don't tell full story of market's recovery
April 19, 2011
Tom HartonCassidy Turley's research director said the pace of leasing activity is the best he’s seen in 18 to 24 months.
MoreMZD Advertising office returns to downtown
April 16, 2011
IBJ StaffCentral location cited in reversal of 2007 move to north suburbs.
MoreLandlord seeking to evict Jillian's over unpaid rent
April 15, 2011
Scott OlsonThe landlord of the downtown building that houses Jillian's, which filed for bankruptcy protection earlier this week, wants
the restaurant and entertainment complex out of its building, alleging the tenant owes nearly $700,000.
MoreVirginia not-for-profit suing Duke Realty for $30M
March 9, 2011
Military think tank CNA claims Duke Realty breached its obligations as landlord by selling land in Alexandria to the Department
of Defense, which plans to build a bomb-inspection facility on the site.
MoreFourth-quarter commercial real estate stats for Indianapolis
February 19, 2011
Statistics for Indianapolis office and industrial property.
MoreDuke Realty reports strong year-end results
January 27, 2011
Cory SchoutenDuke Realty Corp. reported a fourth-quarter profit almost 70 percent above last year's figure as it closed out its best
leasing year since 2007 and finished with its highest annual portfolio occupancy rate since 2004.
MoreBrenwick turns over commercial sales, leasing at Village of West Clay
January 25, 2011
Tom HartonAmbrose Property Group, a commercial leasing and development company headed by former Duke Realty Corp. broker Aasif Bade,
took over for Brenwick, which is primarily a residential developer, at the beginning of the year.
MoreParking key issue in Rolls-Royce's possible downtown move
January 15, 2011
Francesca JaroszRolls-Royce Corp.’s decision whether to move about 2,500 office employees to a former Eli Lilly and Co. downtown campus
could hinge on three critical factors—parking, incentives and lease terms for the space.
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graham. they are even better w/ roasted marshmallows and melted chocolate
Apparently ticket sales are slow too...mas emails have been sent by the speedway in a last ditch attempt to get place fans to come.
Garden Valley Veggie flavor Wheat Thins Toasted Chips. Don't judge until you try them, haters!
Doc, a few important errors in your statements:
(1) The developer is spending the CITY'S money (the city is paying for the cost of the garage), so the city can damn well insist on a quality design.
(2) The LAW requires the proposed building to comply with design standards, and insisting that people follow the law is not giving anyone the "run-around."
(3) A two-week delay to make some minimal aesthetic improvements is hardly a great imposition being imposed on the developer.
(4) If the developer would rather build a crappy building elsewhere with their own money, then they are welcome to pick up and do so.
(4) Indianapolis is a major city, not some podunk town that needs to spread its legs for any developer that throws the place a sideways glance. Indianapolis should insist on the best, not settle for junk. Accepting anything is not going to make Indianapolis grow any faster (not sure where you got that silly notion from), nor is Indianapolis a slow-growth city compared to similarly sized city's in the Midwest.
Alone. Or with cheese.