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Commercial Real Estate
Northeast-side office building falls into foreclosure
March 18, 2011
The 83,653-square-foot office building at 6666 E. 75th St. near Binford Boulevard and Interstate 465, is known as Heritage
Park II. It is only 55-percent occupied.
MoreAnother northwest-side apartment complex faces foreclosure
March 16, 2011
Lender Fannie Mae filed to foreclose on Inverness Apartment Homes, whose Vancouver-based owner allegedly owes $4 million on
a note that was due in February.
MoreOffice/retail building planned for Fort Ben
March 15, 2011
Tom HartonSpeculative development is almost unheard of these days, but the Fort Harrison Reuse Authority is taking the plunge as it
works toward breaking ground this year on what it expects will be a 45,000-square-foot building geared toward retail and office
tenants.
MoreVirginia not-for-profit suing Duke Realty for $30M
March 9, 2011
Military think tank CNA claims Duke Realty breached its obligations as landlord by selling land in Alexandria to the Department
of Defense, which plans to build a bomb-inspection facility on the site.
MoreVolunteers market growing retail space along East 10th
March 8, 2011
Francesca JaroszSix projects with more than 25,000 square feet of space will be completed this year and in 2012 along the 10th Street corridor,
which runs from near Rural Street east to Sherman Drive.
MoreNortheast-side office building target of foreclosure
March 8, 2011
Scott OlsonOwners of the nearly 40,000-square-foot office complex near East 71st Street and Binford Boulevard have defaulted on a $3
million bank note, according to court documents.
MoreBrowning set to start retail project; another in works
March 8, 2011
Tom HartonBrowning Investments is close to breaking ground on a small retail strip center on West 86th Street in front of St. Vincent
Hospital and is in the early stages of planning a larger retail center at 131st and Meridian streets.
MoreConstruction activity falls to near-decade low
March 1, 2011
Associated PressThe current pace of construction activity is just about half of the $1.5 trillion level that economists believe would signal
a healthy construction sector.
MoreNorth of South development to start this summer
March 1, 2011
Tom HartonNow that financing for Buckingham Cos.’ massive project has the city’s blessing, the local developer is turning
its full attention to construction of the 14-acre, mixed-use complex.
MoreIndianapolis halts work on blighted historic building
February 26, 2011
IBJ StaffThe owner of the 1880 building located at 42 E. Washington St. was cited for doing unapproved work to the facade.
MoreDevelopers need Greenwood's OK for disputed land
February 25, 2011
Kathleen McLaughlinNow that the Indiana Supreme Court has settled the lengthy Greenwood-Bargersville annexation battle, developer Mike Duke is
ready to build on a 60-acre tract in the heart of the disputed territory.
MoreBlockbuster selling movie-rental chain to creditors
February 22, 2011
IBJ Staff and Bloomberg NewsThe bankrupt chain will immediately close 609 stores. The company declined to comment on whether any of the 20-some stores
in the Indianapolis area will be among the casualties.
MoreBroad Ripple raising money to preserve historic buildings
February 22, 2011
Tom HartonA movement to protect historic buildings in Broad Ripple could target as many as 60 properties.
MoreLilly's master plan for downtown (real estate)
February 19, 2011
Cory SchoutenAs Eli Lilly and Co. outsources work and sheds unnecessary properties, it is making moves with surplus real estate that could
establish the strongest physical connection between Lilly and downtown since the company was founded at Pearl and Meridian
streets 135 years ago.
MoreFourth-quarter commercial real estate stats for Indianapolis
February 19, 2011
Statistics for Indianapolis office and industrial property.
MoreDuke Realty sells offices in shift toward industrial
February 19, 2011
Scott OlsonStrategy also calls for greater Southeast presence, less investment in the Midwest.
MoreCalifornia investor losing grip on holdings
February 19, 2011
Kathleen McLaughlinBlue Real Estate defaulted on a $17.5 million loan for six buildings in Park 100, according to a mortgage foreclosure suit
Bank of America filed this month in Marion County.
MoreNear-east-side business district gets new tenant—a yoga studio
February 19, 2011
IBJ StaffThe budding commercial district, dubbed 10 East Main Street, landed Metta Yoga at 2807 E. 10th St.
MoreAirport could land $63M annually from land redevelopment
February 18, 2011
Chris O'MalleyA consultant's long-term land-use plan approved Friday morning by the Indianapolis Airport Authority recommends expected uses
such as cargo and logistics, and offbeat uses such as construction of a solar-energy farm.
MoreCastleton Plaza seeks bankruptcy reorganization
February 18, 2011
Scott OlsonShopping center on East 82nd Street lists nearly $10.4 million in liabilities and about $7.6 million in assets. The Chapter
11 filing follows a request to foreclose on the property from the center's lender.
MoreKite Realty sees decline in quarterly results
February 16, 2011
Associated PressIndianapolis-based Kite Realty Group Trust on Wednesday reported a fourth-quarter loss on declining revenue.
MoreUPDATE: Borders files bankruptcy, to close 2 area stores
February 16, 2011
IBJ Staff and Bloomberg NewsBorders will close its downtown-Indianapolis and Carmel stores as part of its plan to shutter about 30 percent of its stores
nationally.
MoreParking meter replacement set to begin in March
February 15, 2011
Scott OlsonAffiliated Computer Services, which struck a deal late last year to manage the city's parking meters, will begin replacing
meters in downtown Indianapolis and Broad Ripple early next month.
MoreWhitsett proposes 86-unit downtown apartment project
February 15, 2011
Tom HartonThe $7.2 million project, to be financed with affordable-housing tax credits, involves retrofitting the three-story former
Central Restaurant Products building to accommodate one- and two-bedroom apartments.
MoreGlick partners on $30M downtown apartment development
February 14, 2011
Cory SchoutenThe lead developer on a long-delayed proposal to redevelop the former Bank One Operations Center has landed a powerhouse partner:
apartment developer Gene B. Glick Co.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!