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Office Complexes
Tax 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.
More$100M 'Bridges' project in Carmel wins approval
June 21, 2011
Cory SchoutenA proposal for a roughly $100 million mix of retail, office and apartments along Springmill Road south of 116th Street was
OK'd Monday night by the Carmel City Council after numerous concessions.
MoreNorthwest-side medical building facing foreclosure
May 12, 2011
The operator of the building at 8424 Naab Road near St. Vincent Hospital is accused of owing an Illinois investment firm $4
million.
MoreEastgate redevelopment reaches crucial crossroads
May 10, 2011
Tom HartonLifeline Data Centers, which bought Eastgate in 2008, plans to invest $10 million into the property this year if the Department
of Public Safety moves forward with plans to lease 78,000 square feet.
MoreOffice stats don't tell full story of market's recovery
April 19, 2011
Tom HartonCassidy Turley's research director said the pace of leasing activity is the best he’s seen in 18 to 24 months.
MoreMinneapolis firm buys Fishers business park
March 22, 2011
Scott OlsonMeritex purchased 306,408-square-foot business park out of foreclosure from Wells Fargo Bank. The previous owner, Kobra Properties,
had fallen into bankruptcy.
MoreRolls-Royce gives downtown office market a bounce
March 22, 2011
Tom HartonThe decision by Rolls-Royce Corp. to occupy Eli Lilly and Co.’s Faris office campus downtown headed off what could have
been a big spike in the central business district Class A office vacancy rate.
MoreNortheast-side office building falls into foreclosure
March 18, 2011
The 83,653-square-foot office building at 6666 E. 75th St. near Binford Boulevard and Interstate 465, is known as Heritage
Park II. It is only 55-percent occupied.
MoreOffice/retail building planned for Fort Ben
March 15, 2011
Tom HartonSpeculative development is almost unheard of these days, but the Fort Harrison Reuse Authority is taking the plunge as it
works toward breaking ground this year on what it expects will be a 45,000-square-foot building geared toward retail and office
tenants.
MoreVirginia not-for-profit suing Duke Realty for $30M
March 9, 2011
Military think tank CNA claims Duke Realty breached its obligations as landlord by selling land in Alexandria to the Department
of Defense, which plans to build a bomb-inspection facility on the site.
MoreNortheast-side office building target of foreclosure
March 8, 2011
Scott OlsonOwners of the nearly 40,000-square-foot office complex near East 71st Street and Binford Boulevard have defaulted on a $3
million bank note, according to court documents.
MoreLilly's master plan for downtown (real estate)
February 19, 2011
Cory SchoutenAs Eli Lilly and Co. outsources work and sheds unnecessary properties, it is making moves with surplus real estate that could
establish the strongest physical connection between Lilly and downtown since the company was founded at Pearl and Meridian
streets 135 years ago.
MoreFourth-quarter commercial real estate stats for Indianapolis
February 19, 2011
Statistics for Indianapolis office and industrial property.
MoreDuke Realty sells offices in shift toward industrial
February 19, 2011
Scott OlsonStrategy also calls for greater Southeast presence, less investment in the Midwest.
MoreGlick partners on $30M downtown apartment development
February 14, 2011
Cory SchoutenThe lead developer on a long-delayed proposal to redevelop the former Bank One Operations Center has landed a powerhouse partner:
apartment developer Gene B. Glick Co.
MoreCitimark rejoins development game
January 11, 2011
Tom HartonThe company last month broke ground on an 8,000-square-foot medical building near 86th Street and Allisonville Road. The project
is the first of three buildings it plans to develop as part of Gardens at Castle Creek.
MoreLocal office market continues vacancy struggles
January 4, 2011
IBJ StaffThe Indianapolis office market suffered through a tough 2010, marked by stagnant and high downtown vacancy rates, falling
suburban occupancy rates and another year without construction activity.
MoreCommercial real estate will continue its climb back in 2011
January 4, 2011
Tom HartonMedical office likely will be the strongest sector, followed by apartments.
MoreDuke/Browning team to develop building at new Wishard
December 28, 2010
Tom HartonThe team, which plans to build an office building in the 200,000-square-foot range, beat out six other groups that submitted
proposals.
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So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.
Owner occupied housing. Clear enough?
So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.
Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.
RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.