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Commercial Leases
Cummins looking to build downtown Indy offices
June 8, 2013
Scott OlsonCummins Inc. wants to expand its downtown Indianapolis presence and is searching for land to construct an office building
that would double the space the Fortune 500 company occupies in the city, several local office brokers said.
MoreCity’s first spec office building in 5 years opening doors
June 5, 2013
Scott OlsonSourwine Real Estate Services expects to have its $12 million, 80,700-square-foot project finished later this month in one
of the city's hottest north-side development areas.
MoreDeveloper to move HQ to Carmel, create 25 jobs
April 8, 2013
Mason KingFast-growing Mainstreet Property Group will invest $800,000 to lease and equip offices at 14390 Clay Terrace Blvd.
MoreWhitsett bids to redevelop Star headquarters
April 1, 2013
Scott OlsonOne of the city's most prolific developers of affordable housing hopes to buy the Indianapolis Star headquarters
to redevelop the property into apartments or condominiums.
MoreLocal REITs charge ahead of pack in bull market
March 27, 2013
Scott OlsonIndiana real estate investment trusts are hitting new highs while outpacing the bull market and their peers in the usually
hardy and suddenly hot sector.
MoreDefense attorneys turn tough in Bales trial
February 1, 2013
Cory SchoutenThe legal team representing real estate broker John M. Bales and partner William E. Spencer haven't called their first
witness and already they're putting up a spirited fight as federal prosecutors seek to prove 13 charges including bank,
mail and wire fraud.
MoreCassidy Turley offers mixed outlook on Indy real estate
January 10, 2013
Cory SchoutenThe city's largest real estate brokerage expects the industrial and housing markets to boom in 2013, but offers a more
cautious view on the office and retail sectors, predicting that uncertainty caused by political gridlock could hamper an already
sluggish recovery.
MoreBales accomplice pleads guilty in deal with prosecutors
January 4, 2013
Cory SchoutenIndianapolis attorney and developer Paul J. Page has agreed to cooperate with federal prosecutors in an investigation that
targets former Marion County Prosecutor Carl Brizzi.
MoreBig downtown office tenants shopping for space
October 16, 2012
Tom HartonExpiring leases have prompted at least five major users of downtown office space to assess whether to renew or relocate.
MoreBell Techlogix landlord buys tech firm's new headquarters
August 28, 2012
Tom HartonPhiladelphia-based BPG Properties Ltd., which owns the building at 8888 Keystone Crossing that Bell is vacating, has purchased
Bell’s new headquarters at 4400 W. 96th St.
MoreRevamped Pan Am Plaza on track for October debut
July 31, 2012
Cory SchoutenWorkers have ripped out the old fountain and crumbling bricks of Pan Am Plaza, making way for a waterproof membrane and new
stone pavers in a Kite Realty Group Trust project to stabilize the plaza until it can pull off a redevelopment.
MoreFashion Mall landlord suing tenant over unpaid rent
July 30, 2012
Scott OlsonA division of Simon Property Group Inc. is suing Brisbane, Calif.-based Bebe Stores Inc., claiming the women's clothing retailer
owes it $64,000 in unpaid rent.
MoreSuburban office market gaining ground on downtown
July 24, 2012
Tom HartonFigures from Cassidy Turley showed the suburban market growing by 247,000 square feet while downtown contracted by 68,000
square feet in the first half of the year.
MoreA year later, Circle Centre Nordstrom vacancy lingers
June 30, 2012
Cory SchoutenWithout a rapid-fire lease deal and renovation, the former Nordstrom anchor space at Circle Centre will sit idle for a second
holiday season. The more general-audience-oriented department store chain Macy’s remains the odds-on favorite to replace
Nordstrom, though it would take only a portion of the available space.
MoreLawrence Township finds buyers for surplus buildings
June 26, 2012
Tom HartonThe northeast-side school district has sold one building, has three offers for another and is seeking tenants for 100,000
square feet in a third building.
MoreMayor mulls City-County Building management deal
June 16, 2012
Kathleen McLaughlinMayor Greg Ballard is giving the private sector its first shot at managing the City-County Building since the downtown structure
opened 50 years ago. The city and county lease it from the Indianapolis-Marion County Building Authority, but Ballard's office
has posted a request for information from real estate firms interested in a 30-year operating agreement.
MoreLauth embarks on turnaround of The Congressional in Carmel
June 12, 2012
Tom HartonThe local developer moved its offices into the building and plans more than $2 million in upgrades to reposition a property
that fell on hard times at the dawn of the national real estate crisis.
MoreMainSource Bank snags prime former Borders space
June 6, 2012
Cory SchoutenMainSource Bank plans to open its first Indianapolis branch in part of the former home of Borders at the southeast corner
of Meridian and Washington streets downtown.
MoreSuburban 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.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!