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Commercial Real Estate
Noble Roman's gets rolling with take-and-bake franchises
June 18, 2013
Mason KingSince October, franchisees have opened the first seven stand-alone, take-and-bake locations—dubbed Noble Roman’s
Take-n-Bake P’ZA. Nine more are in development or under construction.
MoreIncentives draw industrial developer to AmeriPlex
June 18, 2013
Scott OlsonA city tax abatement has led Atlanta-based Industrial Developments International to build a 794,608-square-foot speculative
building in AmeriPlex and to plan construction of another, 460,000-square-foot building there.
MoreOut-of-state developer pitches $75M Carmel project
June 11, 2013
Andrea Muirragui DavisBaltimore-based Atapco Properties wants to redevelop 34 acres of land at Carmel Drive and Guilford Road, converting a portion
of the commercial property to residential use with hundreds of apartments.
MoreWoodard sells Canterbury Hotel to Ohio firm
June 11, 2013
Scott OlsonLocal businessman Turner Woodard had owned the upscale downtown hotel since 2010. Terms of the deal with Columbus, Ohio-based
RockBridge Capital LLC, a hotel investment firm, were not disclosed.
MoreAT&T building's new owner targets first-floor retail
June 11, 2013
Scott OlsonGeis Properties, a division of Streetsboro, Ohio-based Geis Cos., purchased the 558,000-square-foot building for $16.5 million
late last month from AT&T, which is reducing its downtown presence.
MoreRiley CDC names successor to retiring executive director
June 8, 2013
Eric Strickland’s appointment was effective June 1. He brings more than 18 years of engineering, real estate development
and economic development experience to the organization.
MoreCenter Township trustee to list Mass Ave building
June 8, 2013
Kathleen McLaughlinThe township board in late May gave Trustee Eugene Akers permission to list the property, which has a five-story office building
on 1-1/3 acres of land.
MoreCummins 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.
MoreFishers, Noblesville put cuffs on charities to recoup tax revenue
June 8, 2013
Andrea Muirragui DavisTwo growing Hamilton County communities looking to build their commercial tax base are taking steps to ensure land targeted
for development doesn’t end up in the hands of organizations that don’t pay taxes.
MoreVacant GM stamping plant to be demolished
June 7, 2013
Kathleen McLaughlinThe 2.1 million-square-foot plant, which sits on 102 acres near downtown, opened in 1930 and employed more than 5,000 at its
peak. That number was fewer than 700 when it closed two years ago.
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.
MoreSimon investors can proceed with CEO pay suit, judge rules
June 5, 2013
Bloomberg NewsSimon Property Group Inc. investors can continue with a lawsuit in which company directors are accused of improperly raising
CEO David Simon’s pay without shareholder approval, a judge ruled.
MoreBuckingham set to redevelop Carmel shopping center
June 4, 2013
Scott OlsonThe Carmel Marketplace on East Carmel Drive is directly south of the Mohawk Hills apartment complex, which Buckingham hopes
to start redeveloping as part of its long-awaited Gramercy project late this year.
MoreSimon to buy $569M stake in European mall operator
June 3, 2013
Bloomberg NewsSimon will gain an ownership stake in six McArthurGlen properties in Austria, the Netherlands, Italy and the United Kingdom,
and become a partner in the London-based firm's real estate management and development business.
MoreBank seeks to foreclose on architectural firm’s HQ
June 3, 2013
Scott OlsonKeyBank has filed a lawsuit against A2SO4 Architecture and is asking a judge to appoint a receiver to manage the property
at 540 N. College Ave. The bank says it is owed nearly $1 million.
MoreCornerstone, partners reap $120M selling medical properties
June 1, 2013
Cornerstone plans to use sale proceeds to help finance projects in the works in Indianapolis, Noblesville, Bloomington and
West Lafayette, in addition to one in Mississippi.
MoreMainstreet plans $9.2M nursing home on northwest side
May 31, 2013
Kathleen McLaughlinThe 65,000-square-foot nursing-home and assisted-living facility would feature an Internet cafe, movie theaters and restaurant-style
dining with an on-site chef.
MoreHorizon Bank gains access to Mass Ave with building purchase
May 28, 2013
Scott OlsonMichigan City-based Horizon Bank bought the two-story building at 302 N. Alabama St. for $1.5 million and is embarking on
a "substantial" investment in the property.
MoreBroad Ripple project takes heat at Village meeting
May 24, 2013
IBJ StaffJeering and catcalls greeted officials from Browning Investments, which has proposed the $18 million residential and retail
development along the Central Canal.
MorePittman pitches $90M mixed-use project for Zionsville
May 22, 2013
Andrea Muirragui DavisOne of the highest-profile tracts of undeveloped land in Zionsville could be transformed into a commercial and residential
hub if Pittman Partners' 62-acre project gets the town’s blessing.
MoreSt. Vincent sports practice to fill vacant Clay Terrace big box
May 21, 2013
Scott OlsonSt. Vincent Sports Performance will occupy a building in Clay Terrace originally occupied by Circuit City.
MoreAthenaeum weighs bids for surface lot redevelopment
May 18, 2013
Scott OlsonThree developers are competing to build a mixed-use project likely to include a parking garage on a surface lot adjacent to
the historic Athenaeum building.
MoreOesterle sells land to Angie's List, reaping millions
May 18, 2013
Chris O'MalleyAngie’s List Inc. CEO Bill Oesterle has collected millions of dollars over the years by renting to the company property
for its campus along East Washington Street. Now, the landlord and chief executive is pocketing millions more by selling Angie’s
the property, at well above its assessed value.
MoreDuke's CFO heading to Chicago real estate firm
May 17, 2013
IBJ StaffChristie Kelly is credited with playing a critical role at Duke in helping the company keep a strong financial position during
the recession and economic recovery.
MoreDowntown Lilly building fetches $90 million
May 16, 2013
Scott OlsonAmerican Realty Capital, a real estate investment firm based in New York City, bought the building on South Meridian Street
occupied by Rolls Royce Corp. Lilly vacated the facility in 2010.
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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!