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Commercial Real Estate
Road upgrade kicks off improvements in Lafayette Square area
June 1, 2010
Tom HartonA $20 million improvement of West 38th Street between Guion and High School roads that is set to begin next month is the first
in a series of initiatives that stakeholders hope will revive the real estate fortunes of the area anchored by Lafayette Square
Mall.
MoreRivers Edge lands Nordstrom Rack, The Container Store
May 29, 2010
Cory SchoutenTwo sought-after national retail concepts are poised to open their first Indianapolis stores. Kite Realty Group Trust has
recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment
of Shops at Rivers Edge along 82nd Street at Dean Road.
MoreBattered banks don't see light at end of tunnel
May 29, 2010
Greg AndrewsCredit problems continue to bedevil banks big and small, many of them caused by soured commercial real estate loans.
MoreGirl Scouts of Central Indiana moving to new headquarters
May 29, 2010
IBJ StaffCEO Deborah Hearn Smith said the move will eventually bring a cost savings, but it has other benefits.
MoreRetail project in search of tenants after Ace deal falls apart
May 25, 2010
Cory SchoutenA not-for-profit group that's hoping to build a retail project at the northeast corner of 22nd and Delaware streets
is looking for tenants after a deal for an Ace Hardware fell apart.
MoreLawrence Village inks J.C. Hart deal, seeks retail developer
May 25, 2010
Tom HartonThe Fort Harrison Reuse Authority has approved the sale of a 6.6-acre site to Carmel-based J.C. Hart Co. for development of
a 217-unit apartment community.
MoreSimon plans to rejoin retail leasing event
May 24, 2010
Cory SchoutenSimon Property Group Inc. plans to rejoin the giant leasing mall at the annual ICSC convention in Las Vegas, where 25 percent
of the nation's retail lease deals are consummated.
MoreUpcoming ICSC convention will offer insight into growth plans for retailers
May 22, 2010
Cory SchoutenRetailers are feeling pangs of optimism at an opportune time for the developers and real estate brokers who rely on them
for survival: The year’s biggest retail real estate gathering is May 23-25 in Las Vegas.
MoreDora Hotels takes over management of DePauw's Walden Inn
May 22, 2010
IBJ StaffDora operates more than 20 hotels, including five in downtown Indianapolis and two adjacent to Indianapolis International
Airport.
MoreResource lands Colliers affiliation
May 11, 2010
Cory SchoutenResource Commercial Real Estate, which will remain locally owned and operated, will be known as Colliers International effective
immediately, the company said.
MoreCabela's revs up expansion, but leaves Greenwood off list
May 10, 2010
IBJ StaffThe Nebraska-based outdoor retailer plans to open new stores again after a two-year, recession-induced halt on expansion.
But the company is not reviving its plan for the 96-acre plot it owns in Greenwood.
MoreTAYLOR: Reform will drive demand for health care facilities
May 8, 2010
Deeni TaylorThere has been a noticeable uptick in the level of health care real estate development activity this year.
MoreMOUNAYAR: Indianapolis should rediscover public spaces
May 8, 2010
Michel MounayarToo few of the city's revitalization projects are connected by attractive sidewalks, streets, gardens and plazas.
MoreMass Ave project adds garage, wins approval
May 8, 2010
Tom HartonWork could begin this fall on $10 million Trail Side complex.
MoreSimon withdraws bid for General Growth
May 7, 2010
IBJ Staff and Bloomberg NewsIndianapolis-based Simon Property Group Inc. has withdrawn its offer for General Growth Properties Inc. after a bankruptcy
court judge approved a sale process that gives an advantage to a group lead by rival bidder Brookfield Asset Management Inc.
MoreGeneral Growth still backing Brookfield despite new Simon bid
May 7, 2010
Bloomberg NewsGeneral Growth Properties Inc. rejected Simon Property Group Inc.'s "best and final" offer.
MoreSimon Property makes 'final' General Growth offer
May 6, 2010
Bloomberg NewsSimon Property says its latest offer is worth $6.5 billion, or $20 a share, for General Growth. It had last offered $18.25
a share.
MoreKite reports first-quarter loss on lower revenue
May 6, 2010
Developer's $1.1 million loss in the first quarter reflected lower construction activity and lower gains on land and outlet
sales.
MoreGeneral Growth hearing delayed as Simon makes new bid
May 4, 2010
Bloomberg NewsGeneral Growth said the hearing before U.S. Bankruptcy Judge Allan Gropper has been moved from Wednesday to Friday.
MoreCity targets Georgia Street for $12.5M makeover
May 4, 2010
The project will create an event-friendly corridor from the expanded Indiana Convention Center to Conseco Fieldhouse.
MoreSimon Property steps up fight for General Growth
May 4, 2010
Bloomberg NewsThe latest proposal is the Indianapolis-based company's third attempt to buy or gain a piece of the No. 2 mall owner.
MoreGeneral Growth backs new Brookfield plan over Simon offer, source says
May 3, 2010
Bloomberg NewsGeneral Growth Properties Inc. plans to back a revised bankruptcy exit plan proposed by Brookfield Asset Management Inc. over
a competing offer by Simon Property Group Inc.
MoreWork begins on Penn Arts apartment, retail project
May 1, 2010
IBJ StaffRenovation work finally has begun on the building at 16th and Pennsylvania streets. Developer Christopher Piazza found two
equity partners for the project because banks were unwilling to lend.
MoreSimon Property cooperating With FTC on Prime Outlets inquiry
April 30, 2010
Bloomberg NewsSome retail tenants of outlet malls are concerned about Simon gaining too much market power should its acquisition of Prime
Outlets be approved.
MoreSimon Property earnings fall on debt-retirement expenditures
April 30, 2010
Bloomberg NewsFunds from operations fell to $325.6 million, or 94 cents a share, from $476.8 million, or $1.61 a year earlier, the Indianapolis-based
shopping mall giant said Friday morning.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.