Commercial Real Estate

Harding Dahm drops Grubb & Ellis, strikes merger deal

September 20, 2010
 IBJ Staff
Harding Dahm & Co., which ranked sixth on IBJ’s most recent list of commercial brokerages,  will become Lee & Associates Indianapolis. Terms of the deal were not disclosed.
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Indiana Supreme Court won't hear Lee's Inns dispute

September 18, 2010
 IBJ Staff
A long-running legal battle among members of the Lee family of North Vernon over the valuation of their hotel chain has come to an end.
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Fried chicken franchises, Argentine eatery call it quits

September 17, 2010
Scott Olson
Five Popeyes restaurants in Indianapolis owned by one franchisee close down, as does downtown eatery Taste of Tango.
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Tower manager proposes 4th Artsgarden skywalk

September 16, 2010
J.K. Wall
Reit Management & Research LLC made a presentation Wednesday to the Indianapolis Metropolitan Development Commission for its plans to build a pedestrian walkway between Circle Centre mall and PNC Center.
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Defendant pleads guilty in $880M fraud case

September 15, 2010
 IBJ Staff and Associated Press
A Florida man with ties to the founder of Indianapolis-based Williams Realty Group pleaded guilty Wednesday to running a multistate Ponzi scheme that prosecutors say left investors with up to $100 million in losses.
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Indianapolis' 'walkability' touted to convention plannersRestricted Content

September 11, 2010
Scott Olson
Compact downtown is big selling point for sustainable-minded planners.
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Simon, former executive settle fraud suit

September 11, 2010
 IBJ Staff
Mark Palombaro, a former senior vice president of development, will pay the company $766,000, settling a lawsuit that accused him of getting kickbacks on construction contracts.
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Fishers shopping center lands new tenants

September 11, 2010
 IBJ Staff
Kite Realty Group Trust has landed Goodwill, Dollar Tree and Mexico City Grill for a renovation of its Fishers Station shopping center.
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Canadian company buying 12 Crystal Flash stores

September 10, 2010
Alimentation Couche-Tard Inc. said on Friday that it expects to complete the acquisition of a dozen Indianapolis stores this month. Couche-Tard is the largest independent convenience store operator in North America.
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Leader of local CB Richard Ellis office leaves to work for family business

September 7, 2010
Tom Harton
David Reed is leaving to work for WisselReed Relocations, an Atlas Van Lines moving and storage franchise he started with his brother-in-law, David Wissel, in 2007.
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Lauth revival hinges on judge approving settlementRestricted Content

September 4, 2010
Cory Schouten
The deal with financial backer Inland American Real Estate Trust would leave Lauth Group with fewer properties but a more manageable debt load.
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Estridge drops Westfield sports complex, still plans stadium

September 3, 2010
Scott Olson, Cory Schouten
The Estridge Cos. has withdrawn a proposal to build a massive youth sports complex in its master-planned Symphony development in Westfield.
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Lauth affiliate reaches deal to exit bankruptcy

September 1, 2010
Cory Schouten
The once-mighty Indianapolis-based developer laid low by the credit crisis has reached a deal to retain control of most of its properties.
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Simon sees improving retail conditions, analyst says

August 31, 2010
 IBJ Staff and Bloomberg News
Simon Property Group Inc. said retailers leasing space in its malls have managed to weather the economic downturn and are already eyeing recovery plans for when the economy improves.
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Property at busy crossroads finally attracts buyer

August 31, 2010
Tom Harton
Environmental and zoning issues had made the property at the southwest corner of Keystone Avenue and Kessler Boulevard difficult to sell.
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Metropolis mall purchased by Israel firms

August 30, 2010
Aviv Arlon Global Ltd. pays $52 million for shopping center, which was in court-appointed receivership. Former real estate firm Premier Properties USA Inc. developed Metropolis, with an investment of $160 million.
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Industrial market shows strength but faces challenges

August 24, 2010
Tom Harton
About 2.5 million square feet of industrial space is expected to hit the market between now and the end of the year, most of it in the Plainfield area.
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Conrad hotel's Spa Chakra closes abruptly

August 23, 2010
Scott Olson
Conrad General Manager Greg Tinsley says the hotel plans to reopen the high-end spa by Oct. 1, after receiving notification Friday that it had closed.
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Shuttered school finding new life as community center

August 10, 2010
Joe Jasinski
Two years after Indianapolis Public Schools closed School 37, a multimillion-dollar redevelopment project is set to breath new life into a building that served the Martindale-Brightwood community for 81 years.
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Kite Realty Group reports lower funds from operations

August 5, 2010
Scott Olson
Indianapolis-based developer said the loss reflected slower construction activity and lower profit on land and outlet sales. Occupancy at its retail centers increased, however, to 91 percent.
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Nordstrom confirms plans to open Rack store in Indianapolis

August 4, 2010
 IBJ Staff
IBJ first reported in May that Kite Realty Group Trust had recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment of the Shops at Rivers Edge.
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Bank trying to sell former home of Premier Properties founder

August 3, 2010
Cory Schouten
A Lake Clearwater mansion formerly owned by Premier Properties founder Christopher P. White is up for sale with an asking price of $1.48M.
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Wellness-based development would be first of kind here

August 3, 2010
Tom Harton
Satori Pointe is being marketed as a campus where medical offices, fitness-oriented retailers and residents would co-exist.
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Simon Property Group reports improved quarterly results

July 30, 2010
 IBJ Staff
The Indianapolis-based real estate giant experienced higher occupancy and sales at its shopping malls compared to a year ago.
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Lauth moving HQ to North Meridian office building

July 29, 2010
 IBJ Staff
Lauth Group Inc. will relocate its headquarters to a North Meridian Street office building as part of a bankruptcy court settlement, the company announced Thursday afternoon.
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  1. Hiking blocks to an office after fighting traffic is not logical. Having office buildings around the loop, 465 and in cities in surrounding counties is logical. In other words, counties around Indianapolis need office buildings like Keystone, Meridian, Michigan Road/College Park and then no need to go downtown. Financial, legal, professional businesses don't need the downtown when Carmel, Fishers, North Indy are building their own central office buildings close to the professionals. The more Hamilton, Boone county attract professionals, the less downtown is relevant. Highrises have no meaning if they don't have adequate parking for professionals and clients. Great for show, but not exactly downtown Chicago, no lakefront, no river to speak of, and no view from highrises of lake Michigan and the magnificent mile. Indianapolis has no view.

  2. "The car count, THE SERIES, THE RACING, THE RATINGS, THE ATTENDANCE< AND THE MANAGEMENT, EVERY season is sub-par." ______________ You're welcome!

  3. that it actually looked a lot like Sato v Franchitti @Houston. And judging from Dario's marble mouthed presentation providing "color", I'd say that he still suffers from his Dallara inflicted head injury._______Considering that the Formula E cars weren't going that quickly at that exact moment, that was impressive air time. But I guess we shouldn't be surprised, as Dallara is the only car builder that needs an FAA certification for their cars. But flying Dallaras aren't new. Just ask Dan Wheldon.

  4. Does anyone know how and where I can get involved and included?

  5. While the data supporting the success of educating our preschoolers is significant, the method of reaching this age group should be multi-faceted. Getting business involved in support of early childhood education is needed. But the ways for businesses to be involved are not just giving money to programs and services. Corporations and businesses educating their own workforce in the importance of sending a child to kindergarten prepared to learn is an alternative way that needs to be addressed. Helping parents prepare their children for school and be involved is a proven method for success. However, many parents are not sure how to help their children. The public is often led to think that preschool education happens only in schools, daycare, or learning centers but parents and other family members along with pediatricians, librarians, museums, etc. are valuable resources in educating our youngsters. When parents are informed through work lunch hour workshops in educating a young child, website exposure to exceptional teaching ideas that illustrate how to encourage learning for fun, media input, and directed community focus on early childhood that is when a difference will be seen. As a society we all need to look outside the normal paths of educating and reaching preschoolers. It is when methods of involving the most important adult in a child's life - a parent, that real success in educating our future workers will occur. The website www.ifnotyouwho.org is free and illustrates activities that are research-based, easy to follow and fun! Businesses should be encouraging their workers to tackle this issue and this website makes it easy for parents to be involved. The focus of preschool education should be to inspire all the adults in a preschooler's life to be aware of what they can do to prepare a child for their future life. Fortunately we now know best practices to prepare a child for a successful start to school. Is the business community ready to be involved in educating preschoolers when it becomes more than a donation but a challenge to their own workers?

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