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Commercial Real Estate
Farmland values may extend record, banker chief says
November 7, 2011
Bloomberg NewsRecord-high U.S. farmland values may keep rising as global demand for agricultural products increases, according to S. Joe
DeHaven, the chief executive of the Indiana Bankers Association.
MoreWest-side Godby building in foreclosure
November 7, 2011
Scott OlsonA building at 4701 Rockville Road, owned by local businessman Thomas Godby, is the target of a $2 million foreclosure suit
filed by Old National Bank. The building's tenants include Tony Stewart Racing Enterprises and Sara Fisher Racing LLC.
MoreBuyers edging back into Indianapolis commercial real estate
November 5, 2011
Cory SchoutenMost buyers are bottom-fishers, investors looking for better returns or companies wanting their own building.
MoreDuke Realty's massive office sale wins praise on Wall Street
November 5, 2011
Greg AndrewsInvestors have bid up shares of Duke Realty 13 percent since the company announced it was selling a huge portfolio of office
buildings for $1.1 billion.
MoreSimon sues state over sales-tax loophole for Amazon.com
November 3, 2011
Cory SchoutenSimon Property Group Inc. has filed suit against the Indiana Department of Revenue in an attempt to force the state to collect
sales taxes from Amazon.com Inc.
MoreKite reports narrower loss on higher revenue, occupancy
November 2, 2011
Cory SchoutenKite Realty Group Trust Inc. saw a smaller loss in its third quarter compared to a year ago, along with higher revenue and
occupancy rates at its retail properties, the Indianapolis-based real estate investment trust announced Wednesday afternoon.
MoreNew apartments in 2012 on track for a 25-year high
November 1, 2011
Cory SchoutenA survey of developers suggests up to 3,438 new units could hit the rental market next year, which would be the highest total
since 1987, when central Indiana gained about 4,500 units.
MoreRivers Edge spawns new retail center across 82nd Street
October 29, 2011
IBJ StaffVeritas Realty is betting more restaurants and retailers are interested in opening stores near Nordstrom Rack and The Container
Store.
MoreDeveloper plans $54 million in new apartment projects
October 28, 2011
Cory SchoutenA local developer plans to invest more than $54 million to build apartment communities adjacent to the Rivers Edge shopping
center in Indianapolis and Metropolis in Plainfield.
MoreDuke meets market expectations despite quarterly loss
October 26, 2011
IBJ StaffDuke Realty Corp. lost $32.1 million in the third quarter, but managed to meet analyst
expectations in a key measurement for real estate investment trusts.
MoreSimon boosts forecast as quarterly results exceed expectations
October 25, 2011
Bloomberg NewsIndianapolis-based shopping mall giant Simon Property Group Inc. reported funds from operations that beat analyst estimates
and raised its full-year forecast as income from rents rose.
MoreEast 10th Street retail gets a boost
October 25, 2011
Scott OlsonTwo veterans of vintage retail are teaming up to open a store on a near-east-side corridor that’s getting renewed attention
from the 2012 Super Bowl Legacy Project.
MoreIndianapolis neighborhood striving for LEED status
October 22, 2011
Scott OlsonDesignation to east-side project would go beyond building certification.
MoreCarmel mayor's next goal: Build posh, $32M hotel
October 22, 2011
Cory SchoutenThe principal developer of Carmel's City Center, Pedcor Cos., is working with city officials on plans for a four-star boutique
hotel that likely would cost at least $32 million to build and may require an additional city subsidy.
MoreDuke Realty selling 82 office buildings for $1.1B
October 21, 2011
IBJ StaffThe sale includes buildings with a combined 10.1 million square feet of space in Atlanta, Chicago, Columbus, Dallas, Minneapolis,
Orlando and Tampa. None of the properties are in Indiana.
MoreJillian’s arcade games, bowling alley up for auction
October 20, 2011
An auction to liquidate the downtown entertainment complex will be held Oct. 26 to sell more than 100 arcade games, a nine-lane
bowling alley and 12 pool tables. Jillian's operators owed the landlord roughly $700,000 in unpaid bills.
MoreKilroy’s gets liquor approval for Broad Ripple location
October 20, 2011
The Indiana Alcohol and Tobacco Commission voted 3-0 to give Kilroy's a liquor permit for the location at 821 Broad Ripple
Ave. despite protests from a neighborhood group.
MoreReal estate brokerage sues IU Health over commissions
October 20, 2011
Scott OlsonCBRE Inc. accuses the local hospital system of cheating it out of consulting fees that could top seven figures related to
several building projects.
MoreCity taking redevelopment bids for key Mass Ave properties
October 18, 2011
Scott OlsonThe city-owned properties targeted for redevelopment are at 555 N. New Jersey St., the site of Indianapolis Fire Department
administrative offices and Station No. 7, and at 501 N. New Jersey St., the location of Firefighters Credit Union.
MoreTexas investors buy northeast-side hotel
October 18, 2011
Tom HartonA couple from suburban Houston bought the 187-room Ramada Inn in an online auction for $1.3 million and have rebranded it
as ExtendASuites.
MoreAirport gas station could fuel retail in proposed complex
October 14, 2011
Chris O'MalleyRestaurants, a medical clinic and even a dog kennel are ripe for consideration on an 11-acre airport site slated for a gas
station. Airport officials have asked for proposals from developers by Oct. 25.
MoreLawrence Township school district buildings in play
October 11, 2011
Tom HartonThe district is beginning an evaluation that could result in three buildings being sold and part of another being renovated
for private-sector tenants.
MoreApartments, retail planned for Virginia Ave. corridor
October 8, 2011
Cory SchoutenCall it Extreme Makeover: Holy Rosary. Just about every building and corner along a four-block stretch of Virginia Avenue
in this historic neighborhood southeast of downtown is under construction or will be soon.
MoreWaiting for construction industry to recover
October 8, 2011
Tawn ParentThe recession officially ended more than two years ago. But the number of local construction jobs is still down 27 percent
from 2007 levels. Will the industry ever feel relief? Some segments might not recover in a big way until 2013.
MoreAgency urges complete overhaul of Pan Am Plaza garage
October 7, 2011
Indianapolis' Department of Code Enforcement made the recommendation Friday afternoon after citing safety concerns posed by
possible structural deficiencies.
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First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.
I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.
Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??
On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.
It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.