Office Complexes

Lauth headquarters offered for lease

July 27, 2010
Cory Schouten
Financially 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.
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Indianapolis office vacancy rates still rising

June 29, 2010
Scott Olson
Vacancy 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.
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Girl Scouts of Central Indiana moving to new headquarters

May 29, 2010
 IBJ Staff
CEO Deborah Hearn Smith said the move will eventually bring a cost savings, but it has other benefits.
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Lilly 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.
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New tenant-rep group plans commercial during Masters

April 6, 2010
Cory Schouten
One 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.
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Marine tech unit to fill four floors at struggling M&I Plaza

March 13, 2010
Cory Schouten
A 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.
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Clarian eyes vacant Levitz space for office, warehouse use

February 2, 2010
Kathleen McLaughlin
Clarian 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.
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City's industrial market fared better than most in 2009

January 19, 2010
Tom Harton
The 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.
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Durham firm departing top floor of Chase Tower

December 23, 2009
Greg Andrews
Tim Durham's Obsidian Enterprises Inc. plans to vacate the top floor of the state's tallest building next month, real estate sources say.
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Downtown life sciences corridor flagged for development

November 28, 2009
 IBJ Staff
A new task force is charged with making recommendations for development of the city’s downtown certified technology park.
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Research lab could replace ATA headquarters

November 24, 2009
Cory Schouten
Paul Kite Co. has applied for a rezoning of the 16.5-acre site to allow for non-airport uses.
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Teachers' pension fund poised to buy downtown building from DukeRestricted Content

November 14, 2009
Cory Schouten
The 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.
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NCAA approves $35M addition to Indianapolis headquarters

October 29, 2009
 IBJ Staff and Associated Press
The NCAA executive committee on Thursday approved a $35 million addition to the governing body's headquarters in White River State Park in Indianapolis.
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Lilly to move 1,000 from Faris campus

October 26, 2009
J.K. Wall
As 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.
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Fishers officials propose huge medical park

October 5, 2009
 IBJ Staff
Fishers 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.
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Australian owner abandons efforts to sell Chase TowerRestricted Content

September 19, 2009
Greg Andrews
Macquarie 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.
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Glut of downtown office space grows

August 17, 2009
Cory Schouten
Safeco 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.

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Tenants trickling in to Purdue’s technology centerRestricted Content

August 17, 2009
Chris O'Malley
For 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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Browning acquires 43 homes for $100 million mixed-used development in CarmelRestricted Content

June 15, 2009
Cory Schouten
Developer Brown Investments has reached terms with the owners of 43 of 49 homes in the North Meridian Heights neighborhood in Carmel. Browning plans to demolish the homes to make way for a $100 million commercial development over 17 acres.
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In recession, commercial brokers struggle to determine property valuesRestricted Content

May 25, 2009
Chip Cutter
Few commercial real estate properties are changing hands in the Indianapolis area these days, creating challenges for brokers who say it's becoming increasingly difficult to determine the value of properties.
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Emmis creates option to sell, lease back HQRestricted Content

April 20, 2009
Greg Andrews

Would embattled Emmis Communications Corp. sell its Monument Circle headquarters, a prized development that opened a decade ago at what then-Mayor Steve Goldsmith called "the most important site in the city and the very center of Indiana?"

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Most office-space renters opt to stay where they areRestricted Content

April 6, 2009
Sam Stall
Tight budgets, unsure future make moving unattractive to office-space renters.
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Jefferson Plaza renovation approaches endRestricted Content

February 16, 2009
Katie Maurer

The Jefferson Plaza renovation, which has been renamed Allen Plaza after its developer, will include restaurants, office space, condos, and is also working to achieve LEED environmental certification.

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Chicago's Jones Lang LaSalle attracts talented local brokers to establish Indy branchRestricted Content

December 8, 2008
Chip Cutter
Some of the city's most prominent commercial real estate brokers have resigned from locally owned Meridian Real Estate to launch an Indianapolis affiliate of Chicago-based Jones Lang LaSalle.
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Meridian founder steps asideRestricted Content

November 24, 2008
Veteran office broker John Robinson, one of the founders of locally based Meridian Real Estate, has left the firm and is working on a new venture.
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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