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Commercial Real Estate
Bales accomplice pleads guilty in deal with prosecutors
January 4, 2013
Cory SchoutenIndianapolis attorney and developer Paul J. Page has agreed to cooperate with federal prosecutors in an investigation that
targets former Marion County Prosecutor Carl Brizzi.
MoreDeveloper loses fraud appeal
December 28, 2012
Scott OlsonThe Indiana Court of Appeals affirmed Christopher White's 2009 conviction, resulting from a $500,000 bad check he wrote as
he tried to save his real estate development firm.
MoreFormer Lifestyle gym building target of foreclosure
December 28, 2012
Scott OlsonThe owner of the building at 4225 E. 82nd St. owes $4.9 million on a $7.4 million loan, according to the suit. The tenant,
Lifestyle Family Fitness, closed the location in November 2011.
More2012 NEWSMAKER: CEO keeps Simon stock surging
December 28, 2012
IBJ StaffIf there were an MVP for local CEOs, David Simon would again find himself at or near the top of the list in 2012.
MoreKite continues Southeast push with $37.3M in acquisitions
December 27, 2012
IBJ StaffIn December, the Indianapolis-based real estate investment trust bought two shopping centers in Greenville, S.C., using proceeds
from its recent $60 million stock sale.
MoreIrvington groups save landmark from demolition
December 26, 2012
Dan HumanThe former post office at Washington Street and Ritter Avenue once anchored a commercial hub in the historic neighborhood.
About $400,000 in repairs are expected before the groups attempt to flip the property for a new use.
More25-acre retail project aims to hook grocery
December 22, 2012
Cory SchoutenDevelopers are moving forward on plans for a 25-acre, grocery-anchored redevelopment in the Highland-Kessler neighborhood
after winning city zoning approval this month.
MoreJudge: Indiana districts can sell schools despite law
December 19, 2012
Associated PressA judge has ruled that two northeastern Indiana school districts can sell vacant schools, bypassing a state law requiring
them to wait four years in case a charter school wanted to claim the buildings.
MoreDeveloper close to starting project at 116th, Springmill
December 18, 2012
Tom HartonGershman Brown Crowley Inc. is in the process of getting design approval from the city of Carmel for a 9,600-square-foot retail
building and a 13,200-square-foot CVS pharmacy.
MoreBuyer of vacant Connersville factory gets more time
December 17, 2012
Associated PressOfficials of an eastern Indiana city are giving the potential buyer of a large vacant auto parts factory more time to close
on the purchase.
MorePendleton turns to past to revitalize its downtown
December 14, 2012
Associated PressThe town 25 miles northeast of Indianapolis was approved for the state's branch of Main Street, a project of the National
Trust for Historic Preservation, aimed at helping communities revitalize their downtowns and neighborhood commercial districts.
MoreAnalysis: Simon factions make peace as tax hike looms
December 14, 2012
Cory SchoutenWidow Bren Simon and her stepchildren finally managed to settle a long legal battle over the estate of mall magnate Melvin
Simon. The goal that appears to have united the survivors: Reducing Uncle Sam's take of a fortune that has swelled to nearly
$3 billion.
MoreSettlement ends bitter battle over Mel Simon estate
December 12, 2012
Cory SchoutenA long, contentious family battle over the $2 billion estate of the late shopping mall tycoon Melvin Simon has ended with
a confidential settlement.
MoreSimon’s Rushmore Mall loan sent to servicer, Fitch says
December 12, 2012
Bloomberg NewsA loan with a balance of $94 million on a South Dakota shopping center owned by Simon Property Group was sent to a special
servicer because default is imminent, Fitch Ratings said.
MorePedcor to start second phase of Carmel's City Center
December 11, 2012
Tom HartonThe Nash, a three-story, $10 million mixed-use building, is to be built just south of City Center on the west side of Rangeline
Road.
MoreHow 3 real estate entrepreneurs expanded during slowdown
December 8, 2012
Cory SchoutenAasif Bade of Ambrose Property Group, Tadd Miller of Milhaus Development and Joe Whitsett of The Whitsett Group saw opportunity
as many rivals retrenched.
MoreCornerstone content with small medical developments
December 8, 2012
Local firm has carved out niche building for hospitals, physician groups.
MoreSecond-quarter commercial real estate statistics for Indianapolis
December 8, 2012
Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates
and the local industrial market.
MoreEast-side biz incubator's new owner is old owner
December 5, 2012
Scott OlsonThe Indianapolis Enterprise Center on the near-east side has been acquired by a local investor group led by the former owner
of the troubled business incubator.
MoreSite of historic church being shopped for retail development
December 4, 2012
Tom HartonThe 4.5-acre site of the St. John United Church of Christ is back on the market following the settlement earlier this year
of a lawsuit between the church and the city.
MoreAs Simon soars, two big mall anchors retrench
December 1, 2012
Greg AndrewsAre Simon investors overlooking the potential fallout from trouble at two of the mall giant’s biggest tenants, Sears
and JCPenney?
MoreRailcar shipments making a comeback in Indiana
December 1, 2012
Scott OlsonHigh diesel prices are turning companies to trains.
MoreBloomington approves $27 million downtown hotel project
November 27, 2012
Associated PressThe Bloomington City Council has approved giving up some city property for construction of a $27 million Hyatt Hotel near
the downtown courthouse square.
MoreCity leads Midwest in speculative industrial development
November 27, 2012
Tom HartonIndianapolis has more speculative industrial space under construction than any other market in the Midwest as developers try
to capitalize on about four million square feet of tenant interest in the market.
More$22M foreclosure suit targets local apartment complexes
November 21, 2012
Scott OlsonThe three complexes are Dogwood Glen Apartments on the city's northwest side, Elmtree Park Apartments on the far-east side
and Heathmoore Apartments on the southeast side.
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these guys only skill was to steal from other's hard earned savings.
I voted for him last time and it WAS the LAST time. He needed to to quit running around the world on useless trips, and giving our $$ away to sports teams. I'll vote for anyone but Ballard next time. BTW...we gave $40M to the Pacers and cannot even watch the games on TV.
For the people concerned about traffic, you should know that mixed-use projects (like the one being proposed), actually allows for and encourages more people to walk and bike, thereby mitigating additional automobile traffic. If we continue to design and build suburban-type projects in the City (i.e. automobile-oriented projects), we are not offering anything different from what the suburbs offer, which means we will continue to lose jobs/people to the suburbs. The reason Broad Ripple is somewhat successful today is that people want to live in a place that offers the convenience of being able to walk/bike to restaurants, retail, nightlife, the Monon, etc. Why would you not want to support a project that is complimentary to what already makes the area desirable? The real argument with this project should be its lack-luster design and layout, not the density.
It is unfortunate that there is a perception that celebrities validate an event. The Indy 500 stands on its own, especially for those coming in from out of town. It was always so disturbing to read the gushing descriptions of Ashley Judd threaded throughout the local coverage. Very happy that era is at an end.
Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.