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Commercial Real Estate
Opportunists hunt deals in commercial real estate
October 24, 2009
Cory SchoutenJust about every player in the real estate business—whether individual investor, private-equity fund or publicly
traded company—is trying to raise capital to take advantage of what they see as an inevitable shakeout in commercial
property.
MoreBankruptcies, store closings help Halloween shops scare up space
October 23, 2009
Scott OlsonLike zombies coming to life in a low-budget horror flick, the Halloween specialty shops that invade empty store fronts are
groaning with activity.
MoreSteak n Shake nearer to merger with steak chain
October 23, 2009
Under terms of the deal, Steak n Shake will pay Western Sizzlin shareholders $22.9 million and Western will pay its shareholders
a $15.9 million stock dividend, making the total deal worth about $38.8 million.
MoreWater bottler buys Plainfield distribution building
October 21, 2009
Cory SchoutenA California water bottler has purchased a Plainfield distribution building for its first Midwestern outpost.
MoreSecond developer facing foreclosure on Fishers property
October 20, 2009
Scott OlsonThe developer of the proposed $80 million project is facing foreclosure on the property at the same time adjoining land critical
to the project's development has been scheduled for liquidation by a lender.
MoreNortheast-side CVS gets nod
October 17, 2009
IBJ StaffThe Metropolitan Development Commission has given its blessing to a new CVS store along 82nd Street just east of Interstate
69 over the objection of city planners.
MoreBloomington mayor to roll out chain-store ordinance for downtown
October 17, 2009
Kathleen McLaughlinBloomington Mayor Mark Kruzan believes this beloved college town loses a bit of its identity every time a national chain sets
up shop.
MoreState seeks at least $6.5M for 19-acre site
October 15, 2009
IBJ StaffThe Indiana Finance Authority said Thursday it plans to auction off a vacant 19-acre development parcel between the White
River and Fall Creek near downtown Indianapolis.
MoreCity strengthens building-permit process
October 14, 2009
Scott OlsonThe pre-permit review could add nearly three weeks to the current permitting process
MoreO'Malia's closing northside market after 33 years
October 13, 2009
Cory SchoutenThe O'Malia's Food Market near 56th Street and Emerson Avenue will close for good this weekend after a 33-year run.
MoreShopping center vacancies continue to climb
October 12, 2009
Scott OlsonVacancies at U.S. shopping malls and retail strip centers have climbed to steep levels, a trend that Indianapolis-based commercial
real estate companies Simon Property Group Inc. and Kite Realty Group Trust haven't been able to dodge.
MoreGrocery, housing projects could rejuvenate stretch of 16th Street
October 10, 2009
Cory SchoutenA troubled low-income housing project has a new owner with plans to redevelop the complex to better
connect with the Herron Morton Place neighborhood. Next door, Kroger has revived efforts to acquire
land and plan a new supermarket to replace a cramped, old-format location.
MoreProposed Fishers medical park faces uncertain demand
October 10, 2009
Scott OlsonThe business park would encompass about 900 acres on the town’s northeast side and require rezoning
of much of the land, from residential and agriculture to commercial.
MoreFirms line up to find new uses for old airport terminal, other properties
October 10, 2009
Chris O'MalleyThe cash-strapped Indianapolis Airport Authority suddenly can’t look soon enough at developing some of its vast real
estate holdings, including the city’s former passenger terminal. This month, it plans to conduct final contract
negotiations with a firm that would study reuse of the old terminal, adjacent land and other airport holdings.
MoreControversial downtown project to get tax abatement
October 7, 2009
Scott OlsonThe Indianapolis Metropolitan Development Commission approved a 10-year tax abatement Wednesday afternoon for a controversial
public-private plan to redevelop a vacant downtown office building.
MoreCabela's puts Greenwood property up for sale
October 7, 2009
Cabela's is selling the land on which it had planned to build a store in Greenwood.
MoreFishers officials propose huge medical park
October 5, 2009
IBJ StaffFishers development officials anticipate unveiling plans for a huge medical business park near Interstate 69's Exit 10
Wednesday
night at the town's regular council meeting.
MoreExterior work on bank tower wraps up with Regions sign
October 3, 2009
IBJ StaffThe Regions Bank name and logo are joining the city’s skyline atop One Indiana Square, also known as Regions Bank
Tower.
MoreHat World acquires Minnesota sporting goods dealer
September 28, 2009
Indianapolis-based Hat World Inc. said Monday that its Impact Sports division has acquired Great Plains Sports in St. Paul,
Minn.
MoreHistoric Landmarks returning to headquarters
September 24, 2009
IBJ StaffThe Historic Landmarks Foundation of Indiana is set to return to its headquarters in downtown Indianapolis tomorrow, six
months after a fire at a neighboring apartment project displaced the not-for-profit.
MoreAnticipated development near stadium isn't materializing
September 19, 2009
Sam StallNot long ago, developers seemed to vie for every square inch of open ground in the vicinity of the just-completed Lucas Oil
Stadium. These days, the entire neighborhood has been pushed, if not into a financial deep freeze, then at the very least
to the back of the crisper drawer.
MoreMANN: Commercial real estate is next mortgage crisis
September 19, 2009
Brian MannThe cresting wave of maturing commercial real estate debt is the second act in our nation's credit crisis.
More'Dewatering' system creates space, keeps new Marriott's basement dry
September 19, 2009
Scott OlsonA sprawling network of drainage pipes is designed to keep the underground parking garage of the new JW Marriott hotel dry.
MoreNew owner to rehab two century-old apartment buildings
September 19, 2009
IBJ StaffA local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.
MoreClinton, Bird among mourners at Simon funeral
September 18, 2009
Associated PressFormer President Bill Clinton described Melvin Simon as one of the most remarkable people he's ever met as he gave a eulogy
today during the funeral for the billionaire shopping mall developer and Indiana Pacers co-owner.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.