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Commercial Real Estate
Retail lineup taking shape for CityWay project
May 22, 2012
Cory SchoutenCityWay has landed a fine dining restaurant, a mixology bar, a Qdoba and a frozen yogurt shop as developer Buckingham Cos.
turns its attention to the retail portion of the $155 million mixed-use project.
MoreShareholders vote disapproval of Simon's $120M bonus
May 21, 2012
Shareholders of Simon Property Group Inc. sent a resounding message to the company that they don't approve of a $120 million
retention award given to CEO David Simon.
MoreMassive Anson project showing residential, retail progress
May 19, 2012
Cory SchoutenDuke Realty Corp. has retrenched at its massive Anson development in Whitestown—focusing on the most promising sections,
rearranging some of its site plans, and letting land-purchase contracts expire on about 300 acres where development prospects
are likely several years away.
MoreBinford-area neighborhood alliance upping ambitions
May 19, 2012
Kathleen McLaughlinThe two main retail centers in a northeast-side development area will be at 100-percent occupancy when Uncle Bill’s
Pet Express opens in a small space at Binford Boulevard and 71st Street. Binford Area Growth and Revitalization, a super-neighborhood
association better known as BRAG, began striving for this milestone in 2005.
MoreSouth-side medical office building in foreclosure
May 18, 2012
Munster-based Citizens Financial Bank claims the owner of the building at 1340 E. County Line Road owes $4.1 million on a
loan originating from 2002 and is seeking to have a court-appointed receiver manage the building's operations.
MoreNew warehouse ends drought of spec industrial development
May 17, 2012
J.K. WallConstruction on the 794,608-square-foot warehouse will begin in the next two weeks in the AmeriPlex Business Park, officials
of Atlanta-based developer Industrial Developments International said. They hope to complete construction in December.
MoreSummit lands bank tower management contract
May 15, 2012
Tom HartonSummit Realty Group assumed management of the 28-story M&I Plaza on May 14, replacing CBRE.
MoreFor-profit university eyes College Park office space
May 11, 2012
J.K. WallSouth Dakota-based National American University wants to turn 35,000 square feet on the second floor of a building in the
College Park office complex into its latest campus.
MoreCity, development group agree to protect Mallory site
May 8, 2012
Tom HartonThose seeking the historic designation hope the four-acre industrial complex will be a catalyst for redevelopment of a stretch
of East Washington Street.
MoreShareholder group advises against Simon CEO bonus pay
May 7, 2012
Cory SchoutenSimon Property Group Inc. is firing back at a corporate governance advisory firm that has recommended Simon shareholders vote
against an employment agreement for CEO David Simon that includes a $120 million retention award.
MoreGrowth tear swells Simon Property Group
May 5, 2012
Cory SchoutenSimon Property Group Inc. this year joined the Standard & Poor’s 100 Index, a listing of the nation’s largest
and most established companies including Apple, Coca-Cola and McDonald’s. The Indianapolis-based company is the only
real estate company on the list and is now the largest real estate company in the world.
MoreNew charter school proposed for North Meridian Street
May 4, 2012
Cory SchoutenAn Arizona charter school operator serving middle and high school students has filed plans to build a two-story school at
Meridian and 22nd streets.
MoreINSIDE DISH: Husband-wife team revive sushi joint's reputation
May 4, 2012
Mason King
Scott and Debbie Bennett sank their savings into purchasing Greenwood's
Yokohama, which had a past peppered with disappointed patrons.
Kite reports narrow loss as revenue rises
May 3, 2012
Cory SchoutenKite Realty Group Trust Inc. reported a narrow first-quarter loss as a healthy revenue increase and a gain on the sale of
an out-of-state shopping center were partially offset by a $1.3 million litigation charge.
MoreLocal developer files to go public in Canada
May 2, 2012
Cory SchoutenA locally based developer and owner of senior health care centers has filed to go public as a real estate investment trust
in Canada.
MoreLocal real estate developer files for bankruptcy
May 1, 2012
Scott OlsonCornelius M. Alig, chairman and CEO of Mansur Real Estate Services Inc., filed for Chapter 7 protection, listing $11 million
in personal debt he attributed to the prolonged slump in the real estate market.
MoreVeteran broker Hohmann leaves Cassidy Turley to go solo
May 1, 2012
Tom HartonHohmann has been involved in numerous high-profile real estate deals over the years, including the transaction that resulted
in development of Intech Park and assembling about 60 acres for Clay Terrace in Carmel.
MoreJudge orders Clear Channel to sell key Speedway parcel
April 30, 2012
Scott OlsonThe town of Speedway will pay Clear Channel $189,000 for its interest in a key piece of property near the Indianapolis Motor
Speedway.
MoreAnderson officials plan to demolish Emge building
April 30, 2012
Associated PressAnderson officials plan to demolish a former meat-processing plant and convert the 5-acre property into a maintenance and
storage area for the wastewater department.
MoreSimon boosts dividend after gains in sales, occupancy, rent
April 27, 2012
Cory SchoutenSimon Property Group Inc. said sales at its U.S. malls jumped 11.2 percent in its most recent quarter, to $546 per square
foot. Simon malls were 93.6-percent occupied, up from 93 percent.
MoreDuke Realty’s quarterly results in line with expectations
April 26, 2012
Indianapolis-based Duke Realty Corp.’s financial performance in the first quarter met analyst expectations even though
the company suffered a $36 million loss and saw revenue decline by $65 million.
MoreLongtime CEO of Acorn Group real estate firm dies
April 25, 2012
Albert M. Donato Jr., 70, founded the Indianapolis commercial real estate and property management firm in 1988 and most recently served as CEO and board chairman.
Castleton Square will get new stores catering to youth
April 21, 2012
Forever 21 is more than tripling its square footage at the north-side mall by taking the former Borders bookstore space.
MoreCity gives OK for $60M apartment building on canal
April 18, 2012
Scott OlsonInvestment Property Advisors agreed to reduce the size of the apartment building from 26 stories to 10 stories and from 485
units to 319 units to help gain support from the city.
MoreEarth Fare grocery replacing Borders at Hamilton Town Center
April 18, 2012
Cory SchoutenAn upscale supermarket chain focused on natural and organic products is taking the former Borders bookstore space at Hamilton
Town Center. The store will be the first in Indiana for the privately held chain.
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Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.
Yes. Blame those who were too lazy to go vote Obama out and those who voted him in again. That's my take on it. I know folks won't get it on the left. OK. Start berating me now!
Serioulsy, people are AGINST this project? Most communities would be salivating over a project like this. You'd rather have an empty eye-sore gas station and shacks posing as apartments? This project is exactly what BR needs. BUILD IT MR MAYOR. And yes, I am a BR resident, and have been for 20 years.
As a St. Vincent employee of over 20 years, I am saddened and disheartened by this announcement. Unfortunately, as the healthcare "industry" continues on this political and corporate path, all that St. Vincent Hospital has stood for spiritually for its employees and this community is being sucked dry. I know it truly has no choice. It is not just Obamacare or just competition or just any single thing. This trend started long before I was even born when the government became involved in healthcare and it became an "industry." I grieve for those who will lose their jobs, one of whom may be me, but I also grieve for this hospital which I have served for over 20 years. May God give us and it the grace to withstand the future of healthcare.
Why do people constantly harp on this issue and act ignorant about what a city population measures? A city's population is the city's population. There is no argument or debate about it. If you want to measure the density of a city--measure it. If you want to measure the size of a metropolitan area, then measure the metropolitan population. City boundaries cover different sized areas--and they always have (though the disparity has probably increased since about 1900 or so when more cities began annexing their surrounding communities). For example, San Francisco only covers 49 square miles while Houston cover nearly 600 square miles. No one argues about the population rankings of either city even though they clearly cover extremely different sized areas. Indianapolis is the 13 largest city by population in the U.S. That is a fact. While the population of a metropolitan area may give you a better sense of how large a community is, as noted, even metro areas can vary widely in the size of geographic area they cover--so that is not a perfect comparison either.