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Commercial Real Estate
Near-east-side Super Bowl efforts go beyond the big game
December 28, 2011
Francesca JaroszFor a Super Bowl-related initiative to revitalize Indianapolis’ near-east side, the hardest work will come after the
Feb. 5 game.
MoreProgress slow on variety of metro area deals
December 27, 2011
Tom HartonMany projects we reported on here over the past year are still in progress, confirming that the real estate market is still
sluggish.
MoreUp to 120 Sears, Kmart stores set for closure
December 27, 2011
IBJ Staff and Associated PressBetween 100 and 120 Sears and Kmart stores will be closed, the retailer said Tuesday, after terrible holiday sales during
what is the most crucial time of the year for retailers.
MoreReal estate meltdown leaves developers reeling
December 24, 2011
It was another rough year for the real estate sector in 2011, as the homebuilder Estridge filed for bankruptcy, strip-center
specialist Broadbent struggled to hold onto its headquarters, and Centre Properties faced a $43 million foreclosure suit.
MoreINSIDE DISH: Patrick's finds room at the Inn in 'X-mas miracle'
December 23, 2011
Mason King
Beth Dickerson and Patrick Mullen had one month to find a new home for their struggling restaurant and move.
A lucky break at Brick Street Inn and dozens of patrons (straight out of "It's a Wonderful Life") helped make
it happen.
Krieg Bros. building sold to owner of nearby structure
December 22, 2011
Buyer Rick Coombes also owns the building at 111 S. Meridian St., the former home of Brenner Luggage, located just north of
where the religious store operated for decades.
MoreMarsh wins $19.5M judgment against Roche
December 20, 2011
Scott OlsonA Hamilton Superior Court judge awarded damages to the local supermarket chain in a soured sublease deal it signed with Roche
Diagnostics in March 2008.
MoreWarnings about broker's tactics went unheeded
December 17, 2011
Cory SchoutenSeveral state employees openly questioned how John Bales' real estate brokerage did business long before the FBI launched
an investigation that led to his indictment.
MoreFisher’s IndyCar team building headquarters in Speedway
December 15, 2011
Scott OlsonSarah Fisher Hartman Racing plans to build a $2.7 million facility on Speedway's new Main Street to house her race team. Construction
on the 37,000-square-foot shop could start in February and be finished in September.
MoreProposed Broad Ripple parking garage gets zoning OK
December 13, 2011
Scott OlsonThe controversial project is a $15 million, three-story garage that the city of Indianapolis will subsidize with $6.3 million
in parking meter revenue. The project also features a retail component, which neighbors say will lead to increased traffic.
MoreEast-side apartment complex target of $9M foreclosure
December 13, 2011
A Marion Superior Court judge has approved the appointment of a receiver to manage Lexington Park near North Post Road and
East 38th Street.
MoreCarmel office/retail complex hurt by road project gets second chance
December 13, 2011
Tom HartonMerchants Pointe, a two-building office/retail development at 116th Street and Keystone Parkway, is getting a fresh start
after major road construction drove away tenants and caused a previous owner to default.
MoreHoosier Lottery paring down lavish new offices
December 9, 2011
Associated PressHoosier Lottery officials have started getting rid of some office and gym equipment that was purchased for the agency's
$2 million move to a new downtown Indianapolis headquarters.
MoreKeystone Towers redevelopment could start in April
December 7, 2011
Scott OlsonThe first phase of the $22.5 million project, dubbed The Point on Fall Creek, would involve the construction of 58 apartments.
Another 80 units would follow, complemented by a retail component.
MoreGiant Super Bowl ads set to adorn downtown buildings
December 7, 2011
Cory SchoutenDowntown building owners are looking to cash in on the upcoming Super Bowl by selling space for massive temporary advertisements.
MoreOverseas rules change could pave way for Simon deals
December 6, 2011
Cory SchoutenNew rules proposed for real estate investment trusts in the United Kingdom could help Indianapolis-based Simon Property Group
Inc. as it seeks to expand its shopping mall dominance outside the United States.
MoreNew deals add to robust year in apartment sales
December 6, 2011
Tom HartonThe number of transactions has more than doubled compared with last year, a spike in deal flow caused by healthy occupancy
rates and a combination of ample supply and low borrowing costs.
MoreMalls see big changes just in time for holidays
December 3, 2011
Cory SchoutenNew stories have debuted at malls across the Indianapolis area. Many are pop-up shops eager to capitalize on holiday shoppers and the Super Bowl crowds.
Builder, developer partner in turnaround firm
November 29, 2011
Tom HartonProvidence Homes was started earlier this year by Mitch Davis, 42, a former vice president of the now-defunct CP Morgan Homes;
and Brian Mann, 44, managing partner of Mann Properties.
MoreWashington Square owner Simon not paying on $12.8M loan
November 26, 2011
Cory SchoutenTraffic is low and vacancies are high at Washington Square Mall, the most troubled local property for Indianapolis-based mall
giant Simon Property Group Inc.
MoreBank hits Centre Properties with $43M suit
November 19, 2011
Scott OlsonThree local strip centers owned by longtime Indianapolis developer Centre Properties are the target of a $43 million foreclosure
lawsuit brought by the real estate firm’s lender.
MoreSimon widow loses another battle in estate fight
November 17, 2011
Michael W. Hoskins, Cory SchoutenThe Indiana Court of Appeals ruled Bren Simon doesn't have legal standing to challenge a judge's decision not to recuse himself
from overseeing the court fight over her late husband Melvin's $2 billion estate.
MoreMidwest farmland value jumps most since 1977, Fed says
November 15, 2011
Bloomberg NewsFarmland values in the U.S. Midwest surged 25 percent during the third quarter, the most since 1977, as higher grain and livestock
earnings boosted demand for acreage, the Federal Reserve Bank of Chicago said.
MoreApartment project planned for south end of Monon
November 15, 2011
Tom HartonThe local arm of a California-based developer of affordable housing is planning to invest up to $10 million in a 60-unit complex
at 20th Street and the Monon Trail.
MoreObscure not-for-profit covering shortfalls in Carmel
November 12, 2011
Kathleen McLaughlinThe Carmel City Center Community Development Corp. has emerged as a key player in the city’s burgeoning downtown. The
not-for-profit 4CDC last month gave the performing arts center $1 million to cover its operating expenses, and it’s
expected to provide another $4.5 million through June 30.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.