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Office Complexes
Rolls-Royce eyeing former Lilly campus downtown
November 15, 2010
If the manufacturer and drugmaker can come to an agreement, Rolls-Royce would lease the space formerly occupied by Eli Lilly
and Co. and relocate some of its 2,500 employees to the downtown campus on South Meridian Street. Discussions are expected
to last several months.
MoreIndianapolis-area experts see bright spots amid ongoing real estate weakness
October 23, 2010
Health care shows signs of life, and multi-family buildings continue to hold their own, experts said during a recent IBJ
Power Breakfast.
MoreDeveloper of Binford Medical Complex files for Chapter 11
October 12, 2010
Cory SchoutenThe developer of an unfinished medical office complex on Binford Boulevard has filed for Chapter 11 bankruptcy protection
in hopes it can retain control of the property and resume construction later this year.
MoreIndustry vet sees sectors on upswing, auctions booming
October 11, 2010
Cory Schouten
Jeff Henry, managing principal of Cassidy Turley, believes the commercial real estate market has seen the worst
but isn't far off the bottom yet. Meanwhile, banks are beginning to jettison properties in a wave of auctions.
BPG sells trio of Keystone Crossing buildings
September 27, 2010
An affiliate of Pittsburgh-based PWA Real Estate LLC snapped up the three buildings for $15.5 million. The largest totals
more than 100,000 square feet and houses such tenants as General Casualty Co., 20/20 Institute and M/I Homes.
MoreSummit Realty pursues downtown building for HQ
August 17, 2010
Scott OlsonThe firm, now based in Chase Tower, wants to acquire and renovate the building at 241 N. Pennsylvania St.
MoreLauth moving HQ to North Meridian office building
July 29, 2010
IBJ StaffLauth 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.
MoreLauth headquarters offered for lease
July 27, 2010
Cory SchoutenFinancially troubled developer Lauth Group Inc. is looking for new office space after the company's largest investor took
control of the building it now calls home.
MoreIndianapolis office vacancy rates still rising
June 29, 2010
Scott OlsonVacancy rates in the downtown and Keystone at the Crossing markets climbed in the past six months, according to
Meridian
Real Estate's latest report, but the market shows signs of stabilizing.
MoreGirl Scouts of Central Indiana moving to new headquarters
May 29, 2010
IBJ StaffCEO Deborah Hearn Smith said the move will eventually bring a cost savings, but it has other benefits.
MoreLilly sets date for move from Faris campus downtown
April 12, 2010
Work force reductions, new business structure make leased office space unnecessary. Moves will begin in late June.
MoreNew tenant-rep group plans commercial during Masters
April 6, 2010
Cory SchoutenOne of the city's top office brokers is launching a new tenant-rep group with a TV commercial after the Masters golf
tournament on Sunday.
MoreMarine tech unit to fill four floors at struggling M&I Plaza
March 13, 2010
Cory SchoutenA 10-year, $20 million deal for a civilian division of the U.S. Marine Corps to occupy four floors of the 28-story M&I
Plaza building downtown will push
the city's sixth-largest office tower from a woeful 30-percent occupancy rate to about 50 percent.
MoreClarian eyes vacant Levitz space for office, warehouse use
February 2, 2010
Kathleen McLaughlinClarian Health Partners is considering converting a long-vacant, 180,000-square-foot Levitz furniture store on East Washington
Street into a center for home-health and pharmacy services.
MoreCity's industrial market fared better than most in 2009
January 19, 2010
Tom HartonThe Indianapolis industrial real estate market didn't escape the recession unscathed, but the sector outperformed most other
cities and took less of a hit than in the last recession.
MoreDurham firm departing top floor of Chase Tower
December 23, 2009
Greg AndrewsTim Durham's Obsidian Enterprises Inc. plans to vacate the top floor of the state's tallest building next month, real
estate sources say.
MoreDowntown life sciences corridor flagged for development
November 28, 2009
IBJ StaffA new task force is charged with making recommendations for development of the city’s downtown certified technology
park.
MoreResearch lab could replace ATA headquarters
November 24, 2009
Cory SchoutenPaul Kite Co. has applied for a rezoning of the 16.5-acre site to allow for
non-airport uses.
MoreTeachers' pension fund poised to buy downtown building from Duke
November 14, 2009
Cory SchoutenThe Indiana State Teachers’ Retirement Fund is negotiating to buy a 12-story office building across from the
Statehouse in what could be the year’s largest downtown office transaction.
MoreNCAA approves $35M addition to Indianapolis headquarters
October 29, 2009
IBJ Staff and Associated PressThe NCAA executive committee on Thursday approved a $35 million addition to the governing body's headquarters in White River
State Park in Indianapolis.
MoreLilly to move 1,000 from Faris campus
October 26, 2009
J.K. WallAs it shrinks its work force, Indianapolis-based pharmaceutical firm Eli Lilly and Co. will move more than 1,000 employees
to its corporate
center
by mid-2010.
MoreFishers officials propose huge medical park
October 5, 2009
IBJ StaffFishers development officials anticipate unveiling plans for a huge medical business park near Interstate 69's Exit 10
Wednesday
night at the town's regular council meeting.
MoreAustralian owner abandons efforts to sell Chase Tower
September 19, 2009
Greg AndrewsMacquarie Office Trust of Sydney has quietly pulled the 48-story Chase Tower off the market, along with a property in Boston
and a property in Denver that failed to draw juicy enough offers.
MoreGlut of downtown office space grows
August 17, 2009
Cory SchoutenSafeco is leaving a five-building complex on North Meridian Street, and Eli Lilly and Co. has offered for lease its entire
four-building Faris campus.
MoreTenants trickling in to Purdue’s technology center
August 17, 2009
Chris O'MalleyFor a city feverishly growing its technology and life sciences sectors, it seemed a bit anticlimactic last January when
Purdue University dedicated its new technology center with only one tenant. But the lone tenant in the $12.8
million complex, FlamencoNets, a high-tech telecommunications firm, is about to get some company.
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Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.