Commercial Real Estate

Kite completes $1.2B Inland acquisition

July 1, 2014
 IBJ Staff
The deal swells Kite’s roster of properties to more than 130, giving it a higher profile, greater operating efficiencies and more clout in negotiations with tenants.
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New airport-area hotel will be rarity in market

July 1, 2014
Scott Olson
Holladay Properties and Schahet Hotels Inc. are partnering on a new full-service Holiday Inn that's expected to open early next year.
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East-side associations fight gas-station plan

June 28, 2014
Scott Olson
A property owner’s plans to convert the northwest corner of East 10th Street and Emerson Avenue into a convenience store and gas station are causing consternation among neighborhood leaders who hope to stop the project.
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Simon sues insurance companies over fatal escalator accident

June 27, 2014
Scott Olson
The mall manager has filed a lawsuit against two insurance companies claiming they should have covered its loss stemming from a teenager's escalator fall in 2009.
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Airport in talks with user for 149-acre site

June 26, 2014
Kathleen McLaughlin
A deal to lease most of the land has momentum, according to an Indianapolis International Airport official. The city had been eying the parcel for its criminal justice complex.
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Developer requesting $1M over Broad Ripple project delays

June 25, 2014
Scott Olson
Browning Investments Inc. is seeking the damages from opponents of its proposed $30 million apartment-and-retail projects for costs related to construction delays due to a pending appeal.
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CBRE awarded management of Chase Tower, PNC Center

June 24, 2014
The real estate brokerage won the business following a shakeup at Commonwealth REIT, which owns the building. An investor campaign led to the ouster of its board in March.
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Flex-office operator adds 58 suites in Mass Ave area

June 24, 2014
Scott Olson
Regus Group plc, which has other locations in the Indianapolis area, has taken more than 10,000 square feet downtown to open its latest flex-office center, where business owners can rent space by the day, week or month.
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Plainfield logistics firm to move to new HQ

June 20, 2014
Mason King
Plainfield-based Hanzo Logistics plans to move about a half-mile north to a new $17 million headquarters and distribution facility, expected to be complete in September.
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Wal-Mart to open e-commerce center in Plainfield

June 19, 2014
 IBJ Staff
The giant retailer said it will build a 1.2.-million-square-foot e-commerce fulfillment facility in the AllPoints Midwest industrial park that will employ up to 303 workers by 2016.
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Simon promotes longtime treasurer to CFO

June 19, 2014
 IBJ Staff
Simon Property Group Inc. announced Wednesday the promotion of Andrew Juster to chief financial officer, succeeding longtime CFO Stephen Sterrett.
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Washington Prime buys Clay Terrace stake from Lauth

June 17, 2014
 IBJ Staff
Simon Property Group spinoff Washington Prime Group on Monday announced deals worth about $326 million involving at least seven shopping centers, including Clay Terrace in Carmel.
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Noblesville firm plans $3M East 16th Street investment

June 17, 2014
Scott Olson
Slane Capital is developing the project for Better Retail, which plans to move its headquarters from Hamilton County while converting the dilapidated structure just east of the Monon Trail into a hub for food-and-beverage startups.
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YMCA set to break ground on $22M CityWay project

June 10, 2014
Scott Olson
The not-for-profit is expected to begin construction on the three-story, 87,000-square-foot downtown facility July 16, with a completion date of December 2015.
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Tiny Sheridan girds for inevitable growth

June 7, 2014
Andrea Muirragui Davis
The tiny Hamilton County community is mindful of sprawl in Carmel and Fishers, and is determined to absorb growth on its own terms.
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Fishers OKs tax break for medical building

June 7, 2014
Andrea Muirragui Davis
Cornerstone Cos. plans to locate the $11 million project near Interstate 69.
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Lender to bankrupt country club puts on suitor’s cap

June 7, 2014
Greg Andrews
The lender for the Hawthorns Golf & Country Club is an affiliate of California-based Concert Golf Partners, which hopes to convert its debt into ownership of the Fishers club.
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Former restaurateur Peter George partnering on small new eatery

June 7, 2014
Scott Olson
George, 60, is targeting an August opening for Tinker Street, a chef-driven and plant-based concept he’s launching with business partner Thomas Main, 56, who also has a restaurant background.
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Herman & Kittle plans $28M downtown apartment project

June 3, 2014
Scott Olson
The Indianapolis developer plans to build 211 units at the southeast corner of College and Maryland Street. Meanwhile, the owner of a building across the street that last housed a sporting goods store is accepting bids on the property.
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Council votes to support $30M Broad Ripple project

June 2, 2014
Developer Browning Investments Inc. plans to use $5.7 million from the bond issue to help finance the apartment/retail project along the Central Canal.
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Council to consider citywide landlord registry

June 2, 2014
Kathleen McLaughlin
Indianapolis landlords would have to register with the city by Jan. 1 or face a $500 fine under a proposal that will be introduced to the City-County Council on Monday night.
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Pedcor angling for $16M subsidy for City Center expansion

May 31, 2014
Andrea Muirragui Davis
Preliminary plans call for starting work on a parking garage and as many as three mixed-use buildings this fall, with another half-dozen projects in the pipeline.
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Shares of Simon spinoff dip in early trading

May 29, 2014
 IBJ Staff
Simon Property Group has revised its earnings forecast with the Thursday launch of spinoff firm Washington Prime Group.
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Washington Prime shares set stage for NYSE debut

May 28, 2014
 IBJ Staff
Shares of the fledgling, Indy-based firm hovered just under $21 in advance trading on Wednesday morning, providing a window to its official open Thursday on the New York Stock Exchange.
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Shares of Simon Property spinoff to begin trading

May 27, 2014
Washington Prime Group Inc., listed under the "WPG" ticker symbol, will begin trading Thursday. The new real estate investment trust will own 98 retail properties, including 13 in Indiana.
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