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Commercial Real Estate
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.
MoreFirst-quarter commercial real estate stats for Indianapolis
April 14, 2012
IBJ's Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office
vacancy rates and the local industrial market.
MorePlan envisions hot growth for downtown Indianapolis
April 14, 2012
Cory SchoutenA study commissioned by the office of Mayor Greg Ballard envisions a much more densely populated, walkable downtown core stretched
by several blocks and supported by another Circle Centre mall's worth of retail and enough new office space to double
the size of Chase Tower.
MoreCity approves design of $45M downtown project
April 12, 2012
Scott OlsonPlans call for the vacant, two-story former Bank One Operations Center at the northwest corner of Washington and East streets
to be converted into a five-story apartment building with office or retail space on the first floor.
MoreSimon CEO lands $137 million in compensation
April 10, 2012
J.K. WallDavid Simon must remain CEO of Indianapolis-based Simon Property Group for at least six years to see any of the $120 million
in special stock awards the company’s board of directors awarded him last year, and must stay on eight years to reap
the full amount.
MoreSMC plans $19M Noblesville expansion, 163 jobs
April 10, 2012
IBJ StaffSMC Corp. of America plans to spend $19 million to expand its North American headquarters in Noblesville, making room for
an additional 163 employees by 2017, the company announced Tuesday.
MoreEffort to save Rivoli Theatre faces another delay
April 10, 2012
Tom HartonThe theater, at 3155 E. 10th St., has the potential to be a catalyst for further redevelopment of the corridor if the not-for-profit
that owns it can win complete control of the 1927 structure and stabilize it.
MorePlans for Broad Ripple parking garage hit snag
April 9, 2012
Scott OlsonCity officials are recommending that construction of the $15 million parking garage and retail project be denied because the
property sits 4 feet below a flood plain.
MoreDeveloper envisions $20M farming operation to replace plant
April 4, 2012
Cory SchoutenA local entrepreneur is laying the groundwork for a $20 million transformation of a soon-to-close automotive plant into a
sustainable farming operation that would raise fish and hydroponic vegetables.
MoreCook Group to restore southern Indiana movie theater
April 4, 2012
Associated PressBloomington-based medical device maker Cook Group announced Tuesday it would restore the 750-seat Tivoli Theatre in downtown
Spencer, which was built in 1928 and boarded up in 1999.
MoreHealth care real estate owner takes over management of 29 buildings
April 3, 2012
Tom HartonHealthcare Trust of America now handles property management and leasing for 29 buildings formerly managed by Hokanson Cos.
MoreDeveloper, contractors brawling over FBI construction project
March 31, 2012
Cory SchoutenThe developer and contractors who built the FBI’s new $39 million Indianapolis field office, just north of Castleton
Square Mall, are squabbling in court a year after wrapping up work on the project.
MoreLafayette Square amusement center closes
March 29, 2012
Scott OlsonAmerica's Incredible Pizza Co. shut down on Sunday, leaving a 75,000-square-foot vacancy in the struggling shopping center
on Indianapolis' west side.
MoreNew hardware store tries to carve out niche near downtown
March 27, 2012
Scott OlsonIn a city and industry dominated by big-box home-improvement chains, North Meridian Hardware owner Keith Payne hopes his independent
store can build a loyal following among downtown's denizens.
MoreMass Ave project surrounding Barton Tower gets state OK
March 27, 2012
Tom HartonA partnership of Flaherty & Collins Properties and Insight Development Corp. was awarded rental housing tax credits by
the state that will be sold to finance construction of a 61-unit, $11.5 million apartment project at 555 Massachusetts Ave.
MoreMuch smaller project would fill former Venu site
March 24, 2012
Cory SchoutenA parcel of overgrown bank-owned property with a leaky roof at the southwest corner of East 86th Street and Keystone Avenue
may finally be poised for redevelopment: A Wisconsin firm has the 6.4 acres under contract and is putting together plans for
a retail strip, a couple of restaurants and possibly a hotel.
MoreFrench mall operator looks to Simon for know-how
March 23, 2012
Bloomberg NewsSimon Property Group Inc.’s cutting-edge experience as the biggest U.S. mall owner will help Klepierre SA boost rental
income at its shopping centers, the French company’s CEO says.
MoreMike’s Carwash trial awaits closing arguments
March 22, 2012
Lawyers on Wednesday finished presenting evidence to determine the true value of Mike’s Carwash Inc. and how much a
former co-owner should have been paid for his share in the company.
MoreDecision on canal residential project delayed again
March 22, 2012
Scott OlsonThe Metropolitan Development Commission moved a vote on the proposal to April 18 after expressing concern that it didn't have
enough time to review plans that reduce the project from 26 stories to 10. The developer criticized the delay.
MoreDeveloper scales back plans for tower along Central Canal
March 20, 2012
Scott OlsonThe firm behind a proposed downtown apartment tower designed for college students has slashed its height from 26 to 10 stories
to improve its chances of winning city approval.
MoreIrvington apartment, streetscape projects clear hurdles
March 20, 2012
Tom HartonTwo significant construction projects are closer to starting in Irvington, where the district’s East Washington Street
commercial corridor is bouncing back even as one of its key buildings faces demolition.
MoreDowntown condo residents sue developer over damage
March 19, 2012
Scott OlsonThe homeowners association for the 70-unit Hudson wants the building's developer, Kosene & Kosene, to pay to repair damage
it alleges was caused by faulty construction.
MoreDeal rekindles $45M downtown project
March 17, 2012
Cory SchoutenFormer partners in Kosene & Kosene Development have settled a legal dispute that jeopardized redevelopment of the vacant
former Bank One Operations Center downtown. Milhaus Development has until May 1 to begin construction.
MorePlans call for apartment conversion of 10-story American Building
March 13, 2012
Cory SchoutenThe Whitsett Group and Ambrose Property Group expect to spend $7 million to $10 million to retrofit the building at 333 N.
Pennsylvania St. to accommodate 72 apartments.
MoreMike's Carwash ownership trial gets under way
March 12, 2012
Scott OlsonThe private company and principals Bill and Mike Dahm are defendants in the lawsuit brought by Jerry Dahm, a cousin who once
owned 35 percent of the company and claims he was forced to sell his shares at a discounted rate.
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Many serial killer types and psychopaths work as lowly bureaucrats, just waiting to impose their wrath on a powerless person, child, or pet. Don't forget, the BTK killer was a dog catcher.
If a television station wants to improve viewership, get rid of the local blackout. I was born by the brickyard, and have attended 15 or more races. I have children now, I won't attend unless circumstances are perfect. As those with growing families know, they never are. I'm always impressed that upwards of 250,000 people attend the 500. However, as a growing, or, more apt, sprawling city, Indianapolis and its immediate suburbs count almost 2.2 million. Show the race live, let the venue get a kick-back on revenues, and open-wheel racing might have a fighting chance to be relevant again. Just in time for those tax-payer lights to make sense.
John Moore, I too have had the same issue recently. A property next to my house was on the Land Bank and I was interested in purchasing. When I tried to contact Reggie, I got back emails that had nothing to do with what I asked about. Actually my latest response from him was on this past Friday. I had asked about how to buy the property and if it was still available. His response to me was to contact the mayor's office to get the schedule of his appearances. (???) Hopefully the city is able to do something to fix what this guy has done, it would be nice if they would take the properties back and sell them properly so land owners like me and you mother would have a fair chance.
I too work in the industry, with over 25 years of experience and your political spin has probably nothing to do with any rebranding. "Let's dress it up" would have nothing to do with the government "telling us how and what to eat." Give it a political rest. And being a producer for a radio show doesn't mean you've been involved in advertising and branding for 30 years.
Ms. Morris did not understand the ways of the business world, otherwise, like the IMS, she could have petitioned the State Legislature for a handout of State Funds for her charity work. Ms. Morris should consider becoming a state lobbyist for Lemonade Stand Operators.