Commercial Real Estate

VIDEO: Work on Fashion Mall at Keystone enters home stretch

September 26, 2012
Mason King
Fashion mall watch VideoMuch-anticipated upgrades to the high-profile Fashion Mall at Keystone will be ready for shoppers by mid-November. Mall owner Simon Property Group provided a sneak peek on Wednesday of work under way.
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Fishers Marketplace gets new life under Thompson Thrift

September 25, 2012
Tom Harton
A high-end apartment project and neighborhood retail center are scheduled to break ground soon as the first components of the retooled Fishers Marketplace development at State Road 37 and 131st Street.
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Indianapolis set for sweeping zoning overhaulRestricted Content

September 22, 2012
Cory Schouten
Code dating to 1969 to be updated to encourage density, sustainability and mass transit.
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Second-quarter commercial real estate statistics for IndianapolisRestricted Content

September 22, 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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Second-tier office buildings Indianapolis now top-of-mind for buyersRestricted Content

September 22, 2012
Mason King
Class B admirers are benefiting from low prices and lending rates, and turning the buildings into apartment and company headquarters.
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VON DEYLEN: Stay the path toward revitalized Fountain SquareRestricted Content

September 22, 2012
Craig Von Deylen / Special to IBJ
What most people consider Fountain Square is actually a combination of three neighborhoods: Fountain Square, Fletcher Place and Holy Rosary. In 2005, I started working on my first project in this area, and it has changed the direction of my professional path in just about every way possible.
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New Denison CEO puts parking firm on growth tearRestricted Content

September 22, 2012
Chris O'Malley
Perry Griffith, the scion of the Griffith family’s Denison Parking empire, is handing the CEO reins to the executive who helped him expand the Indianapolis company to 10 other states in as many years.
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IBJ Commercial Real Estate Power Breakfast - transcriptRestricted Content

September 22, 2012
A panel conversation with Katie Culp, senior managing director, principal, Cassidy Turley; Mike Higbee, president, DC Development Group; Christie B. Kelley, chief financial officer, executive vice president, Duke Realty Philip; G. Kenney, president, F.A. Wilhelm Construction Co.; Thomas K. McGowan, president and chief operating officer, Kite Realty Group; and Tadd M. Miller, CEO, Milhaus Development LLC.
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Melvin Simon estate collects $944M from share sale

September 20, 2012
Cory Schouten
Simon Property Group Inc. has settled a dispute with the estate of its late founder Melvin Simon, converting his ownership units into common shares and selling them for $944 million.
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Luxury-outlet strategy puts Simon on top of mall industry

September 20, 2012
Bloomberg News
Luxury outlet malls—where upscale retailers such as Coach Inc. and Michael Kors Holdings Ltd. hawk discount goods—are now the main source of expansion for the Indianapolis-based real estate investment trust, the country’s largest.
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Basketball legend Robertson target of bank’s lawsuit

September 19, 2012
Scott Olson
Oscar Robertson's money troubles in Ohio have been well documented lately. But in his hometown of Indianapolis, he's trying to convince a judge that he's not responsible for a $203,000 bank loan.
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Ambrose jumping into Plainfield industrial market

September 18, 2012
Tom Harton
Fast-growing Ambrose Property Group plans to develop a $12 million warehouse building on a site in Plainfield that it acquired last month from the FDIC.
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Local buyer acquiring Circle Tower for $6MRestricted Content

September 15, 2012
Cory Schouten
A fast-growing Indianapolis real estate firm is poised to acquire one of the city’s most iconic and well-located historic buildings.
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Investor still pushing for Simon to buy rival despite opposition

September 14, 2012
Bloomberg News
Brookfield Asset Management Inc. is keeping a tight grip on its stake in General Growth Properties Inc. in a bet the second-largest U.S. mall owner is better off as an independent company that will jump in value.
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Simon exec: There's ‘no interest’ in buying General Growth

September 11, 2012
Bloomberg News
A Simon Property Group Inc. executive said that the largest U.S. mall owner isn’t trying to acquire competitor General Growth Properties Inc., which announced Monday that it won’t put itself up for sale.
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Judge denies airport's objection to competing parking lot

September 11, 2012
 IBJ Staff
A Marion County judge has denied a legal challenge by the Indianapolis Airport Authority that would prevent a Cincinnati-based developer from opening a competing parking lot near the airport.
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Virginia Avenue attracts yet another project

September 11, 2012
Tom Harton
Englewood Development has under contract the former Shirley Engraving property at 460 Virginia Ave., where it plans up to 50 apartments, about 5,000 square feet of retail space and an underground parking garage.
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General Growth rejects call for sale of company to Simon

September 10, 2012
Bloomberg News
General Growth Properties Inc., the second-largest U.S. shopping-mall owner, rejected investor Bill Ackman’s request to put itself up for sale and said it will remain independent.
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Tribal casino could squeeze state coffersRestricted Content

September 8, 2012
Kathleen McLaughlin
A tribal casino planned for northern Indiana could deal a serious blow to established competitors, as well as to an important source of state tax revenue.
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Real estate firm's niche is commercial Hispanic clientsRestricted Content

September 8, 2012
Dan Human
Real estate entrepreneur Kelli Membreno, a bilingual native of northern Indiana, has built a business on helping Hispanic entrepreneurs navigate the barriers of language and American business customs.
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Airport may carve up ex-terminal property

September 8, 2012
Chris O'Malley
Indianapolis International Airport managers say they haven’t given up hope that a single, mega-sized tenant could create an economic development boon at the site abandoned nearly four years ago when the midfield terminal opened. But the latest listing of redevelopment sites shows the former terminal complex being marketed in pieces.
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Report: Simon foe General Growth hiring investment bank

September 6, 2012
 IBJ Staff and Bloomberg News
The board of General Growth Properties—a longtime acquisition target for locally based Simon Property Group Inc.—may reconsider a sale of the company two years after it spurned a Simon offer.
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MDC approves CIB's sale of building to Steak n Shake

September 5, 2012
 IBJ Staff
The Metropolitan Development Commission on Wednesday approved a resolution allowing the Capital Improvement Board of Marion County to sell the Ober Building in downtown Indianapolis to the Steak n Shake restaurant chain.
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Management contracts help DTM Real Estate push into mainstream

September 4, 2012
Tom Harton
DTM Real Estate Services LLC landed management and leasing for Fortune Park buildings 5, 6 and 7 in August, about a year after getting the management contract for a 360,000-square-foot portfolio in Park 100.
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HHGregg's new push: Selling treadmills alongside TVs

September 1, 2012
Greg Andrews
The appliance and electronics retailer is quietly launching a test of furniture and fitness equipment, with rollouts scheduled for 31 of its more than 200 stores.
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