Commercial Real Estate

Buyer of vacant Connersville factory gets more time

December 17, 2012
Associated Press
Officials of an eastern Indiana city are giving the potential buyer of a large vacant auto parts factory more time to close on the purchase.
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Pendleton turns to past to revitalize its downtown

December 14, 2012
Associated Press
The town 25 miles northeast of Indianapolis was approved for the state's branch of Main Street, a project of the National Trust for Historic Preservation, aimed at helping communities revitalize their downtowns and neighborhood commercial districts.
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Analysis: Simon factions make peace as tax hike looms

December 14, 2012
Cory Schouten
Widow Bren Simon and her stepchildren finally managed to settle a long legal battle over the estate of mall magnate Melvin Simon. The goal that appears to have united the survivors: Reducing Uncle Sam's take of a fortune that has swelled to nearly $3 billion.
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Settlement ends bitter battle over Mel Simon estate

December 12, 2012
Cory Schouten
A long, contentious family battle over the $2 billion estate of the late shopping mall tycoon Melvin Simon has ended with a confidential settlement.
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Simon’s Rushmore Mall loan sent to servicer, Fitch says

December 12, 2012
Bloomberg News
A loan with a balance of $94 million on a South Dakota shopping center owned by Simon Property Group was sent to a special servicer because default is imminent, Fitch Ratings said.
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Pedcor to start second phase of Carmel's City Center

December 11, 2012
Tom Harton
The Nash, a three-story, $10 million mixed-use building, is to be built just south of City Center on the west side of Rangeline Road.
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How 3 real estate entrepreneurs expanded during slowdownRestricted Content

December 8, 2012
Cory Schouten
Aasif Bade of Ambrose Property Group, Tadd Miller of Milhaus Development and Joe Whitsett of The Whitsett Group saw opportunity as many rivals retrenched.
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Cornerstone content with small medical developmentsRestricted Content

December 8, 2012
Local firm has carved out niche building for hospitals, physician groups.
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Second-quarter commercial real estate statistics for IndianapolisRestricted Content

December 8, 2012
Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates and the local industrial market.
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East-side biz incubator's new owner is old owner

December 5, 2012
Scott Olson
The Indianapolis Enterprise Center on the near-east side has been acquired by a local investor group led by the former owner of the troubled business incubator.
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Site of historic church being shopped for retail development

December 4, 2012
Tom Harton
The 4.5-acre site of the St. John United Church of Christ is back on the market following the settlement earlier this year of a lawsuit between the church and the city.
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As Simon soars, two big mall anchors retrenchRestricted Content

December 1, 2012
Greg Andrews
Are Simon investors overlooking the potential fallout from trouble at two of the mall giant’s biggest tenants, Sears and JCPenney?
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Railcar shipments making a comeback in IndianaRestricted Content

December 1, 2012
Scott Olson
High diesel prices are turning companies to trains.
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Bloomington approves $27 million downtown hotel project

November 27, 2012
Associated Press
The Bloomington City Council has approved giving up some city property for construction of a $27 million Hyatt Hotel near the downtown courthouse square.
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City leads Midwest in speculative industrial development

November 27, 2012
Tom Harton
Indianapolis has more speculative industrial space under construction than any other market in the Midwest as developers try to capitalize on about four million square feet of tenant interest in the market.
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$22M foreclosure suit targets local apartment complexes

November 21, 2012
Scott Olson
The three complexes are Dogwood Glen Apartments on the city's northwest side, Elmtree Park Apartments on the far-east side and Heathmoore Apartments on the southeast side.
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Airport could land second solar-energy farm

November 21, 2012
Chris O'Malley
The Indianapolis Airport Authority is in talks that could lead to a second solar farm at Indianapolis International Airport. Discussions are taking place even as the initial solar farm has yet to get off the ground.
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Airport Authority continues to fight off-site parking lot

November 20, 2012
Chris O'Malley
The Indianapolis Airport Authority has taken its fight against an off-airport parking operator to the Indiana Court of Appeals after exhausting its options in Marion County Superior Court.
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Developer unveils 16-home project just east of downtown

November 20, 2012
Tom Harton
The Re-Development Group Inc. bought a1.6-acre site at New York Street and Highland Avenue last May and will raze three 1960s-era office/warehouse buildings to make way for home construction in 2013.
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Circle Centre to build entry through empty NordstromRestricted Content

November 17, 2012
Cory Schouten
Construction could begin soon in the former home of Nordstrom at Circle Centre mall, but the project does not signal an end to the mall’s limbo following the 2011 departure of its marquee anchor.
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Marsh Supermarkets names new CEO from ranks of A&P

November 15, 2012
Cory Schouten
The parent company of Marsh Supermarkets has picked a new CEO to lead the locally based grocery chain.
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Zionsville, school district make $5.7M land deal with Dow

November 14, 2012
Scott Olson
Zionsville Community Schools and the town of Zionsville are teaming up to purchase and develop a prime piece of real estate owned by Dow Chemical Co.
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One Mass Ave project starts; another one is in limbo

November 13, 2012
Tom Harton
Insight Development has begun building an $11.5 million, 61-unit apartment project at Massachusetts Avenue and East and North streets. But  the fate of the second phase is up in the air because its financing had been tied to a project Insight and Flaherty & Collins Properties had hoped to develop across Mass Ave at the site of the Indianapolis Fire Department headquarters.
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Simon spared no expense with Manhattan residenceRestricted Content

November 10, 2012
Greg Andrews
The $25 million purchase ranked as the 12th-largest residential sale in New York City last year, according to the real estate website Curbed NY.
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Battered Broadbent climbs back from brinkRestricted Content

November 10, 2012
Cory Schouten
One of the city’s best-known retail developers is alive and kicking again after a harrowing real estate downturn and protracted legal battle with two lenders.
More
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