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Office Complexes
Downtown Lilly building fetches $90 million
May 16, 2013
Scott OlsonAmerican Realty Capital, a real estate investment firm based in New York City, bought the building on South Meridian Street
occupied by Rolls Royce Corp. Lilly vacated the facility in 2010.
MoreDowntown's historic Century Building set for sheriff’s sale
April 26, 2013
Scott OlsonThe 112-year-old office building will return to the market in a precarious position, as a major tenant plans to depart.
MoreMayor drops plan to privatize City-County Building
April 17, 2013
Kathleen McLaughlinCity rejects proposals from four private-sector real estate teams and signs a 10-year lease extension with the existing building
manager.
MorePower producer to build new HQ in Bloomington
April 11, 2013
Mason KingHoosier Energy will invest about $27 million in 83,000-square-foot facility. The city of Bloomington has approved a 10-year
tax abatement for the project.
MoreCalifornia firm snaps up downtown office towers
April 10, 2013
Scott OlsonHertz Investment Group has closed on its purchase of the 650,000 square-foot, two-tower Capital Center and its 525-space underground
parking garage.
MoreDeveloper to move HQ to Carmel, create 25 jobs
April 8, 2013
Mason KingFast-growing Mainstreet Property Group will invest $800,000 to lease and equip offices at 14390 Clay Terrace Blvd.
MoreLocal REITs charge ahead of pack in bull market
March 27, 2013
Scott OlsonIndiana real estate investment trusts are hitting new highs while outpacing the bull market and their peers in the usually
hardy and suddenly hot sector.
MoreSummit’s headquarters earns double LEED certification
March 23, 2013
Summit earned the environmental accolades by including a variety of green-friendly features, including carpeting made from
recycling materials, paints with low or no volatile organic compounds, and HVAC and LED lighting systems with energy-efficient
controls.
MoreGeico service center to create up to 1,200 jobs in Carmel
March 18, 2013
Mason KingThe insurer will invest millions to lease, renovate and equip a 109,000-square-foot customer service center at 101 W. 103rd
St. It plans to begin hiring immediately, and bring up to 1,200 new jobs by 2016.
MoreBaldwin move a win for Lauth, a setback for downtown
March 5, 2013
Cory SchoutenThe departure of trucking and auto fleet insurer Baldwin & Lyons Inc. from downtown's Landmark Center to The Congressional
in Carmel is a blow for the central business district and a bonanza for Lauth Property Group.
MoreREI, Chicago partner picked to build office building at IUPUI
February 19, 2013
Tom HartonThe five-story, $22.9 million building would be constructed on university-owned land at the northeast corner of New York Street
and University Boulevard.
MoreCIB cuts price on Ober Building after inspections
February 11, 2013
Cory SchoutenThe Capital Improvement Board of Marion County has agreed to slash its sale price on downtown's Ober Building by $700,000
after inspections showed problems including a leaky roof and damaged HVAC system.
MoreFormer Venture employee turns on Bales during testimony
January 31, 2013
Cory SchoutenAn FBI investigation into Venture Real Estate Services and principals John Bales and Bill Spencer had already begun when Matthew
Dyer signed on as the company's controller in December 2009. Bales told him the company had done nothing illegal, Dyer
testified Wednesday.
MoreDuke Realty sells six-building local office complex
January 9, 2013
Cory SchoutenTwo Illinois companies have acquired a six-building, 446,000-square-foot Indianapolis office portfolio from locally based
Duke Realty Corp. Industry sources say the buildings sold for more than $20 million.
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.
MoreTwo Indianapolis office buildings in foreclosure
November 5, 2012
Scott OlsonThe buildings on the northwest side of the city total nearly 200,000 square feet and are owned by an affiliate of a company
that operates 12 cemeteries and four funeral homes throughout Indiana.
MoreBig downtown office tenants shopping for space
October 16, 2012
Tom HartonExpiring leases have prompted at least five major users of downtown office space to assess whether to renew or relocate.
MoreReceiver appointed to manage troubled Century Building
October 1, 2012
Scott OlsonA Marion Superior Court judge has appointed a receiver to manage the seven-story building in downtown Indianapolis that is
facing foreclosure. A lender to the building's owner claims it is owed $10.5 million.
MoreBell Techlogix landlord buys tech firm's new headquarters
August 28, 2012
Tom HartonPhiladelphia-based BPG Properties Ltd., which owns the building at 8888 Keystone Crossing that Bell is vacating, has purchased
Bell’s new headquarters at 4400 W. 96th St.
MoreNorth-side office building falls into foreclosure
August 27, 2012
A nearly 100,000-square-foot office building on East 46th Street in Indianapolis is in foreclosure after lenders found the
owner in default on a $4.5 million loan. A hearing to appoint a receiver to manage the property has been set for Sept. 5.
MoreSoftware firm Interactive Intelligence needs more space
August 25, 2012
Chris O'MalleyThe call center software maker won’t comment on a report issued earlier this month by Jones Lang LaSalle that said the
company is shopping for more than 225,000 square feet of office space.
MoreLocal developer buys 50 acres in Intech Park
August 17, 2012
Scott OlsonAce Commercial Development plans to construct a build-to-suit development for an undisclosed client on the highly visible
property. Real estate sources say the client is locally based Heritage Environmental Services LLC.
MoreFive in the running to manage City-County Building
August 8, 2012
Kathleen McLaughlinIndianapolis Mayor Greg Ballard’s office is reviewing proposals from five commercial property managers that want a crack
at running the City-County Building for the next 30 years.
MoreRevamped Pan Am Plaza on track for October debut
July 31, 2012
Cory SchoutenWorkers have ripped out the old fountain and crumbling bricks of Pan Am Plaza, making way for a waterproof membrane and new
stone pavers in a Kite Realty Group Trust project to stabilize the plaza until it can pull off a redevelopment.
MoreSuburban office market gaining ground on downtown
July 24, 2012
Tom HartonFigures from Cassidy Turley showed the suburban market growing by 247,000 square feet while downtown contracted by 68,000
square feet in the first half of the year.
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It's also across the street from Fogo de Chao and Morton's....
Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
David Copperfield! I remember watching his specials on TV when I was little.
Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.