Commercial Real Estate

Greenwood entices e-commerce company to stay

February 8, 2012
Kathleen McLaughlin
The Greenwood Redevelopment Commission on Tuesday evening approved an incentives agreement with One Click Ventures LLC, which plans to hire 109 people over the next five years.
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Foundation finds buyer for 16th Street buildings after 6-year search

February 7, 2012
Tom Harton
Two brothers purchased the pair of connected buildings at the northwest corner of 16th and Alabama streets and will use the property for a 50-seat café and the offices for Nottingham Realty Group.
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Simon quarterly results improve as sales increase at malls

February 3, 2012
Simon Property Group Inc., the largest U.S. shopping-mall owner, reported a 6.3-percent gain in fourth-quarter funds from operations as income from rents rose.
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New mixed-use project holds promise for building across street

January 31, 2012
Tom Harton
An 82-year-old downtown commercial building that’s had trouble luring tenants is suddenly positioned to thrive courtesy of an $85 million mixed-use project planned for a site right across the street.
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Circle Centre again suing Bella Vita over unpaid rent

January 30, 2012
Scott Olson
Landlord Circle Centre Mall LLC is suing the restaurant over $77,275.24 in unpaid rent, according to court documents. Circle Centre also sued Bella Vita in June 2010 over $96,523.23 in overdue rent.
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Apartments rev up residential revival downtownRestricted Content

January 28, 2012
Cory Schouten
An apartment building spree downtown is getting fresh fuel with an $85 million mixed-use development that will be anchored by a Marsh grocery.
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Former Borders space lands tenant for Super Bowl

January 26, 2012
Scott Olson
South Florida sports agent Howard Jaffe's Barjaf Group is temporarily leasing the space, which will feature a nightclub in which rapper Nelly is set to perform the night before the Super Bowl.
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Duke Realty's quarterly results beat expectations

January 25, 2012
Indianapolis-based Duke Realty Corp. slightly exceeded analyst estimates with it financial performance in the fourth quarter, the company reported Wednesday.
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Marsh to anchor massive new downtown development

January 24, 2012
Cory Schouten
A local developer plans to build a Marsh grocery store and hundreds of apartments in an $85 million project that would replace a block and a half of surface parking lots in the northwest quadrant of downtown.
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Broadbent sells part of Fashion Mall Commons

January 24, 2012
Tom Harton
The 86,634-square-foot building that houses a Kohl's department store fetched $15.3 million, or about $177 per square foot, according to a CoStar Group report.
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Officials steered lease deal to BalesRestricted Content

January 21, 2012
Cory Schouten
State officials in 2005 vowed to run a competitive process to select a private firm to handle real estate leasing for public agencies, but a 20-page request for services to more than 400 potential bidders was a sham, according to three people with knowledge of the process.
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Hundreds of houses available as Super Bowl rentals

January 20, 2012
Scott Olson
Indianapolis-area homeowners are looking to cash in by opening up their homes to visitors for daily prices ranging from about $700 to $9,000, but demand may not come until participants in the big game are settled.
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State auctioning surplus farmland at height of market

January 17, 2012
Tom Harton
Up for grabs are 670 acres of prime farmland southwest of Pendleton between Interstate 69 and U.S. 36.
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INSIDE DISH: Noodle readies for Super Bowl rush

January 13, 2012
Mason King
Dish Noodle Watch VideoOwner Hal Yeagy expects at least three months of business over 10 days at the newly nonsmoking Slippery Noodle Inn, and he's spending nearly $300,000 on physical improvements and a temporary tent to make sure it rocks.
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Former Hoosier sentenced in Florida Ponzi case

January 12, 2012
Developer Sydney "Jack" Williams received one year in prison and a $25,000 fine for failing to report millions of dollars he received in commissions related to a Florida investment scheme.
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Local commercial real estate market a little healthier

January 12, 2012
 IBJ Staff
Last year wasn’t a great one for the Indianapolis-area commercial real estate market, but it wasn’t a particularly bad one, either, according to a report by Cassidy Turley to be released Thursday.
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Simon cashes out of venture that owns 46 Italian centers

January 11, 2012
Bloomberg News
The Indianapolis developer's sale of its 49-percent stake further reduces the company's presence in Europe.
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Brugge owners eye downtown buildings for brewery, eatery

January 10, 2012
Tom Harton
Owners 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.
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Simon chasing title of state's most valuable companyRestricted Content

January 7, 2012
Greg Andrews
David Simon's massive new compensation plan—which includes a $120 million long-term bonus—is a drop in the bucket compared with the wealth the company has been creating in recent years, even as the overall market zigs and zags.
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Boone County officials ‘surprised’ by ASI closing

January 5, 2012
Scott Olson
ASI Limited informed an estimated 250 employees by letter that the company was no longer profitable. The manufacturer's high-profile projects include Lucas Oil Stadium and the JW Marriott hotel.
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Local developer rescues 1913 apartment building from wrecking ball

January 3, 2012
Cory Schouten
A local developer and historic preservation group have teamed up to save a 1913 apartment building near the Children's Museum from demolition.
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Design firms buy building on East Market StreetRestricted Content

December 31, 2011
 IBJ Staff
The one-story structure will serve as a studio and headquarters for Axis Architecture + Interiors and Rundell Ernstberger Associates LLC.
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Pendleton Pike Kmart, Anderson Sears on closing list

December 29, 2011
 IBJ Staff and Associated Press
Sears Holding Co. said Thursday it will close a Kmart store on Pendleton Pike in Indianapolis and a Sears department store in Anderson as part of a round of closures.
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Sears closings shouldn't be big problem for Simon

December 29, 2011
Kathleen McLaughlin
Simon Property Group has more shopping malls with Sears as a tenant than any other landlord, but any closings are likely have a negligible effect on the Indianapolis-based real estate company's overall earnings, an analyst says.
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Near-east-side Super Bowl efforts go beyond the big game

December 28, 2011
Francesca Jarosz
For a Super Bowl-related initiative to revitalize Indianapolis’ near-east side, the hardest work will come after the Feb. 5 game.
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