Office Complexes
Summit lands bank tower management contract
May 15, 2012
Tom HartonSummit Realty Group assumed management of the 28-story M&I Plaza on May 14, replacing CBRE.
MoreFor-profit university eyes College Park office space
May 11, 2012
J.K. WallSouth Dakota-based National American University wants to turn 35,000 square feet on the second floor of a building in the
College Park office complex into its latest campus.
MoreVeteran broker Hohmann leaves Cassidy Turley to go solo
May 1, 2012
Tom HartonHohmann has been involved in numerous high-profile real estate deals over the years, including the transaction that resulted
in development of Intech Park and assembling about 60 acres for Clay Terrace in Carmel.
MoreDowntown building owner faults IPL for outages
April 21, 2012
Chris O'MalleyThe owner of Market Square Center is complaining to state utility regulators that Indianapolis Power & Light has failed
to provide reliable service to the office building, better known as the Gold Building, at 151 N. Delaware St.
MoreSuburban office market turns in strong first quarter
April 17, 2012
Tom HartonNet absorption was the highest in five years, chipping away at what has been a chronically high vacancy rate.
MoreForeclosure sought for downtown's Century Building
February 15, 2012
Scott OlsonThe lender claims owner Blue Real Estate defaulted on an $8.5 million loan on the historic building after failing to make
payments beginning in July 2011.
MoreCarmel office/retail complex hurt by road project gets second chance
December 13, 2011
Tom HartonMerchants Pointe, a two-building office/retail development at 116th Street and Keystone Parkway, is getting a fresh start
after major road construction drove away tenants and caused a previous owner to default.
MoreGiant Super Bowl ads set to adorn downtown buildings
December 7, 2011
Cory SchoutenDowntown building owners are looking to cash in on the upcoming Super Bowl by selling space for massive temporary advertisements.
MoreBroad Ripple buildings slated for office conversion
November 8, 2011
Tom HartonKyle Robinson and Drew Loftus are in the process of buying and rezoning a trio of vacant, connected buildings at 6334 Westfield
Blvd., where the Monon Trail crosses the canal.
MoreBuyers edging back into Indianapolis commercial real estate
November 5, 2011
Cory SchoutenMost buyers are bottom-fishers, investors looking for better returns or companies wanting their own building.
MoreDuke Realty's massive office sale wins praise on Wall Street
November 5, 2011
Greg AndrewsInvestors have bid up shares of Duke Realty 13 percent since the company announced it was selling a huge portfolio of office
buildings for $1.1 billion.
MoreDuke Realty selling 82 office buildings for $1.1B
October 21, 2011
IBJ StaffThe sale includes buildings with a combined 10.1 million square feet of space in Atlanta, Chicago, Columbus, Dallas, Minneapolis,
Orlando and Tampa. None of the properties are in Indiana.
MoreAgency urges complete overhaul of Pan Am Plaza garage
October 7, 2011
Indianapolis' Department of Code Enforcement made the recommendation Friday afternoon after citing safety concerns posed by
possible structural deficiencies.
MoreLottery says it overspent on amenities for new office
October 5, 2011
Associated PressIndiana lottery officials say they overspent on their new headquarters and will sell some of their equipment after reports
raised questions about the lavish facility.
MoreCalifornia firm's Park 100 portfolio goes back to lender
October 4, 2011
Tom HartonCalifornia-based Blue Real Estate lost the last big chunk of its Indianapolis portfolio last week when a lender took control
of Blue’s 360,000-square-foot, seven-building portfolio in Park 100.
MoreReport holds next steps for Pan Am Plaza garage
October 3, 2011
Francesca JaroszPart of the Pan Am Plaza parking garage has reopened after being closed for several hours for emergency repairs late last
week, but a report will reveal whether more extensive work is needed to restore the garage to a structurally sound state.
MoreCity closes downtown plaza after parking deemed unsafe
September 14, 2011
Associated PressThe city of Indianapolis has closed Pan Am Plaza and part of a parking garage below it near the Indiana Convention Center
and Lucas Oil Stadium because the structural integrity of the parking facility poses a safety risk.
MoreOwner of East Market Street buildings eyes apartment conversion
September 13, 2011
Tom HartonCrown Property Group is issuing a request for proposals for two East Market Street buildings that now are used for office
space.
MoreTax bills spur eBay listing for Anderson office buildings
September 5, 2011
IBJ Staff and Associated PressTwo investors stung by soaring property taxes have listed three Anderson office buildings on eBay in hopes of drumming up
interest in the $4.5 million package deal.
MoreLocal architecture firm moving HQ to former church
August 16, 2011
Cory SchoutenThe architecture firm A2SO4 plans to spend about $1 million to renovate a long-vacant former Catholic church near the Lockerbie
neighborhood as its new headquarters.
MoreEastgate owner plots unusual office-space strategy
August 9, 2011
Cory SchoutenThe owner of the former Eastgate shopping center has begun marketing a third phase of its mall overhaul: About 225,000 square
feet of emergency backup office space.
MoreDeveloper of government building sees potential for more
August 2, 2011
Tom HartonAmbrose Property Group broke ground last month on a 13,000-square-foot building at Intech Park that will house about 75 Social
Security Administration employees.
MorePrecedent joins ranks of battered developers
July 30, 2011
Cory SchoutenThe Precedent Cos.—the local developer of The Precedent Office Park, Mount Comfort Commercial Park and several upscale
residential communities in Hamilton and Johnson counties—is winding down operations in an out-of-court restructuring.
MoreMarsh lands big tenant, will reoccupy headquarters
July 5, 2011
Tom HartonMarsh Supermarkets is reoccupying a portion of its long-vacant headquarters building and has snagged a plum tenant to sublease
most of the rest of the space.
MoreM&I Plaza revamping entry, lands King David and Main Street Deli as tenants
July 2, 2011
IBJ StaffThe main entrance is getting a $1 million makeover as the 28-story building prepares to welcome two new restaurant tenants.
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we love that we were right in our predictions for the outcome of Tony's boondoggle. We aren't negative, we are positive that the league that never has will continue to blow chunks and stink up the place
I was initially excited to learn that this wasn't rubber-stamped, but if all that is required is to add some shrubs and some "window dressing" over the first floor of the garage, then I'd call it a waste of everyone's time. It should be noted that the Hearing Examiner is a DMD employee who reports to the same administrator as the DMD staff planner who recommended approval of the garage and whose report said that the requirement for ground-floor retail had been "satisfied". Better luck with appealing the inevitable approval at the MDC, where the commissioners are appointed by the Mayor, City Council, and County Commissioners, thus, presumably not all obligated to facilitate the administration's plans.
Wheat Thins, when paired with chocolate ice cream!
About the same.
New airport, new Lucas Oil Stadium, expanded convention center, $30,000,000 Pacer gift, Stupid City Way Project, Broad Ripple Parking Garage $ Giveaway, Money blown on lethal bike lanes. The list is endless..
We have complete morons in City Government with grafter buddies sitting in the wings also stealing parking meter revenue. Go to www.adavceindiana.com and read about Chicago Parking Meter Corruption.
It's all theft of taxpayer resources and complete lack of financial stewardship and devoid of integrity.
I would just like for basic city services please.