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Commercial Real Estate
Summit’s headquarters earns double LEED certification
March 23, 2013
Summit earned the environmental accolades by including a variety of green-friendly features, including carpeting made from
recycling materials, paints with low or no volatile organic compounds, and HVAC and LED lighting systems with energy-efficient
controls.
MoreCentre Properties puts 3 strip centers into Chapter 11
March 19, 2013
Scott OlsonThe Indianapolis developer said the bankruptcy filings are intended to prevent lender Bank of America from forcing the sale
of RiverPlace Shops in Fishers, Raceway Market Shops in Indianapolis and Greenwood Crossing in Greenwood.
MoreGeico service center to create up to 1,200 jobs in Carmel
March 18, 2013
Mason KingThe insurer will invest millions to lease, renovate and equip a 109,000-square-foot customer service center at 101 W. 103rd
St. It plans to begin hiring immediately, and bring up to 1,200 new jobs by 2016.
MoreSimon differs from other mall owners on teen policy
March 13, 2013
Kathleen McLaughlinAs local activists push for stronger steps to curb disruptive gatherings by teenagers at local shopping malls, Simon Property
Group is standing by a corporate policy against restricting access to its properties.
MoreInvestor places first bet on Zionsville's Main Street
March 12, 2013
Tom HartonEric Bretzman, an engineer for Chip Ganassi Racing, closed March 1 on the purchase of 40 S. Main and negotiated a new long-term
lease with il Villagio, an Italian restaurant that has operated in the 4,000-square-foot building for 10 years.
MoreAnnexation request crimps Anderson land plan
March 11, 2013
Associated PressEfforts by Anderson officials to annex land to create an economic development corridor could be thwarted by a request from
property owners who want to become part of the town of Lapel instead.
MoreKite Realty is makeover artist for tired shopping centers
March 9, 2013
Cory SchoutenHaving rejuvenated Glendale Town Center and Rivers Edge, Kite is turning its attention to Rangeline Crossing in Carmel.
MoreFourth-quarter 2012 commercial real estate statistics for Indianapolis
March 9, 2013
Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates
and the local industrial market.
MoreBesides parking, garage could aid Broad Ripple
March 9, 2013
Scott OlsonSome are hoping the structure will lure more business to the neighborhood.
MoreCarmel puts 7-acre parcel up for grabs
March 9, 2013
Kathleen McLaughlinCarmel is finally ready to redevelop the former Party Time Rental site on Range Line Road, a property in which the city has
invested $4 million.
MoreSite swaps could clear the way for $43M Mass Ave project
March 9, 2013
Cory SchoutenCity officials are working on a deal that could result in a new headquarters and downtown station for the Indianapolis Fire
Department, a fresh user for a vacant former car dealership, and long-awaited groundbreaking on a $43 million apartment and
retail redevelopment on Mass Ave.
MoreBallard plans new redevelopment effort for Market Square site
March 7, 2013
Dan Human, Kathleen McLaughlinMayor Greg Ballard, in his annual State of the City speech scheduled for Friday, plans to call for new proposals for the downtown
site that previously was home to Market Square Arena. The city expects the proposals to include a high-rise building with
a major retail component.
MoreBaldwin move a win for Lauth, a setback for downtown
March 5, 2013
Cory SchoutenThe departure of trucking and auto fleet insurer Baldwin & Lyons Inc. from downtown's Landmark Center to The Congressional
in Carmel is a blow for the central business district and a bonanza for Lauth Property Group.
MoreLEADING QUESTIONS: Mainstreet CEO masters efficiency
February 27, 2013
Mason King
What are Zeke Turner's top five strategies for keeping his work week under 40 hours? Do you really need work e-mail
on your smart phone? What's it like to take a company public? The real estate exec has answers.
Carmel family members accused of securities fraud
February 26, 2013
Scott OlsonThe Indiana securities division accuses Charles Blackwelder, Chad Blackwelder and Cara Grumme of defrauding elderly investors
in a scheme to sell ownership interests in rental properties.
MoreIronworks project gets key city approval
February 26, 2013
Tom HartonThe city's Metropolitan Development Commission approved a Wisconsin developer's plan for a $30 million apartment and
retail project to be built on the site of the former Woodfield Centre retail strip.
MoreAmbrose snags large industrial deal
February 26, 2013
Tom HartonAmbrose Property Group will break ground next month on its first industrial project, a 545,010-square-foot national distribution
center for Gordmans Inc.
MoreThree years after opening, Indiana Design Center fills
February 23, 2013
Norm HeikensTenants include interior designers, artists, kitchen cabinet firms.
MoreREI, Chicago partner picked to build office building at IUPUI
February 19, 2013
Tom HartonThe five-story, $22.9 million building would be constructed on university-owned land at the northeast corner of New York Street
and University Boulevard.
MoreBankruptcy stops condos' auction
February 18, 2013
Dan HumanAn Indianapolis developer’s last-minute bankruptcy filing halted the auction of a struggling downtown condominium project.
MoreDrywall contractor charged with underpaying employees
February 15, 2013
Dan HumanAn Indianapolis drywall contractor faces criminal charges that he underpaid his employees working on a government housing
project, and then falsified documents to cover it up, the Marion County Prosecutor's Office announced Friday.
MoreDowntown projects face crucial hurdles
February 12, 2013
Tom HartonTwo downtown apartment projects seek critical government approvals in the next month, while another commercial project
is on track to start this year.
MoreCIB cuts price on Ober Building after inspections
February 11, 2013
Cory SchoutenThe Capital Improvement Board of Marion County has agreed to slash its sale price on downtown's Ober Building by $700,000
after inspections showed problems including a leaky roof and damaged HVAC system.
MoreKite sells 3 area buildings in dealmaking blitz
February 7, 2013
Cory SchoutenThe Indianapolis-based real estate company disclosed the transactions in its fourth-quarter financial report. Kite said it
lost $6.5 million in the quarter on nearly $27 million in revenue.
MoreWal-Mart revisits plan for Greenwood store
February 7, 2013
Associated PressA retail giant that lost its bid to build a store in Greenwood nearly a decade ago is hoping local leaders look more favorably
on a new proposal to erect a smaller store at the same site.
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RKW's comments read like a modern "Chicken Little". As a Raintree resident for many years, "Yes, I'm ready for this." Matter of fact, I welcome The Farm because it's a development that compliments our town, brings new and desirable shopping & dining closer (specialty grocer, upscale shops, micro brew pub, etc), offers upscale condos for empty nesters who want to stay in Zionsville, is being planned and constructed by local, well-reputed firms and, of course, provides desirable non property tax benefits. We all knew the Pittman's were going to develop their property sooner than later. That one of the Pittman's will continue to live on the property helps assure The Farm will be everything promised. This also sets a standard for other developers as to the quality of future developments - which should keep an ugly Walmart at bay for decades. As we've no meglomaniac mayor, I seriously doubt Zionsville would ever aspire to over-priced statues or subsidized retail rents. And we already have a very nice public theater, the Zionsville Performing Arts Center, that meets our cultural needs quite nicely.
Do we add (or subtract) these from the bounty we recieve from RTWFL, Daylight Savings Time, corporate tax giveaways, and the crack job IEDC is doing?? Or is Mike going to blame these on Mitch?
Who makes Tater Tots? They would be a good sponsor, because $3 Million for the alleged "Greatest Spectacle In Racing" is taters. Tiny, tiny taters. But at least they are making up something of the losses accumulated over the years in this dying sport. Buttock in seat is certainly not doing it, nor eyeball on TV, as evidenced by the lack of both.
We loved lakehouse and think the Arbor Village would be a great location. It is less than 2 miles from over 1000 rooftops in the 225,000 to over 1 million range. Many people could use the great fishers trail system to bike or walk there. Just an idea Scotty -- but maybe something closer to 3 Wiseman would good. The only microbrew in area is Ram (boring)
True, it's an ESPN production, but ESPN is just another name for ABC Sports, or what used to be ABC Sports since ABC Sports no longer exists as a name. ESPN=ABC Sports= ESPN. ESPN is, according to Forbes "the world's most valuable media property" worth $40 billion. Despite that, they fired 400 people this week.