Commercial Real Estate

The 34-story hotel, the city's largest, is scheduled to open in 2011.

Neighborhood revitalization group calling it quits

November 24, 2009

BOS Community Development Corp., created in 1982 to revitalize the Indiana Avenue and Midtown area, says its mission is accomplished.

Research lab could replace ATA headquarters

November 24, 2009

Paul Kite Co. has applied for a rezoning of the 16.5-acre site to allow for non-airport uses.

Remnants of failed Premier Properties finally hit market

November 21, 2009

CB Richard Ellis recently began marketing the most prominent of Premier Properties’ local properties, Metropolis. The Venu site at the southwest corner of East 86th Street and Keystone Avenue also is up for grabs.

Falling property prices fuel new wave of bank woes

November 21, 2009

Peter Schnitzler

The second and third quarters were brutal for Indiana banks, as they set aside big reserves to cover losses on commercial real estate loans.

Fledgling technology park is development bright spot

November 21, 2009

Kim Puckett

WestGate@Crane Technology Park is adding office buildings for defense contractors next to the secretive Naval Surface Warfare Center at Crane.

On The Beat

Indianapolis looks to Cleveland, Philadelphia for City Market examples

November 21, 2009

The troubled Indianapolis City Market is looking East for a new direction. This summer, its executive director, Jim Reilly, visited Philadelphia and Cleveland to observe their successful urban markets and seek pointers that might be applied here.

Voices from the Industry

RELLER: Refinancings likely to undermine prices for commercial real estate

November 21, 2009

Ross Reller

Buyers armed with cash stand to snap up distressed properties for 40 percent less than their 2008 appraised values.

On The Beat

Pizza restaurants in works; wine shop heading to Fishers

November 21, 2009

Hot Box Pizza plans to open a downtown location in the Harness Factory Lofts building, and WineTyme, a new local shop selling wines, craft beers and gourmet food, is coming to Fishers.

Speedway breaks ground on redevelopment project

November 19, 2009

Scott Olson

Speedway officials broke ground Thursday morning on the first phase of a $500 million redevelopment project they hope will transform the small town into a year-round racing-themed destination.

Premier Properties founder gets home detention for fraud

November 18, 2009

A judge on Wednesday afternoon sentenced Christopher P. White to one year on home detention and three years of probation in connection with a $500,000 bad check he wrote last year as he tried to save his real estate development firm, Premier Properties USA Inc.

Simon exploring bid to purchase rival General Growth

November 18, 2009

General Growth is the second-largest U.S. mall owner, trailing only Indianapolis-based Simon Property Group, with more than 200 regional malls in 44 states.

newsletter.story

Locals expect few bright spots in 2010

November 17, 2009

Senior real estate executives remain pessimistic about the prospects for the Indiana market in 2010, although they see signs of improvement in the investment and residential sectors. That’s according to a survey of leaders of the local real estate community that the Urban Land Institute plans to unveil Thursday.

Duke Realty land auction nets $1M; pricier properties go unsold

November 11, 2009

Locally based Duke Realty Corp. netted more than $1 million during a Tuesday auction of surplus development parcels in Indianapolis, Fishers, Plainfield and Lebanon.

Van Rooy scoops up troubled complex

November 10, 2009

Tom Harton

Van Rooy Properties plans to spend $5.5 million renovating a 277-unit west side apartment complex that it acquired a month ago in an unusual deal.

IBJ Staff and Associated Press

Duke Realty's chief operating officer resigns

November 9, 2009

Indianapolis-based Duke Realty Corp. announced Monday that its chief operating officer will leave the company at the end of the year.

Voices from the Industry

WOODS: Too many contractors misleading prospects

November 7, 2009

Jeremy Woods

Some contractors, many of whom are desperate to replenish backlogs decimated by the recession, are not telling prospective clients the whole story about exit strategies.

Bloomington chamber weighs in on chain-store ban

November 4, 2009

Kathleen McLaughlin

The Greater Bloomington Chamber of Commerce is opposing Mayor Mark Kruzan’s proposal to restrict chain stores and restaurants downtown.

City Market board sought 3-year closure for redevelopment

November 3, 2009

Peter Schnitzler

Board president says he quit after Indianapolis Mayor Greg Ballard declined proposal to shut down historic landmark until 2013 for major renovation.

RCI to become Wyndham Exchange; says Carmel jobs are safe

October 31, 2009

Anthony Schoettle

Despite a swooning economy that has hammered the time-share condominium industry over the last 18 months, Resort Condominiums International continues to outperform its market. That’s not to say there hasn’t been some pain at the company formerly headquartered in Carmel.

Clarian restarts construction on hospital in Fishers

October 30, 2009

J.K. Wall

Clarian Health has resumed construction on its Saxony Medical Center in Fishers after an 8-month hiatus, the Indianapolis-based hospital system announced Friday.

State rejects high bid for 19-acre parcel near downtown

October 30, 2009

The Indiana Finance Authority declined to sell a 19-acre development parcel between the White River and Fall Creek near downtown Indianapolis after it received only two bids at an auction Thursday.

Simon reports slight improvement in quarterly results

October 30, 2009

Simon Property Group Inc. reported slightly higher funds from operation for its fiscal third quarter, but FFO fell on a per-share basis thanks to the company's issuance of more than 50 million new shares so far this year.

IBJ Staff and Associated Press

NCAA approves $35M addition to Indianapolis headquarters

October 29, 2009

The NCAA executive committee on Thursday approved a $35 million addition to the governing body's headquarters in White River State Park in Indianapolis.