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Project Funding
Construction begins on $16M downtown apartment project
April 16, 2013
Scott OlsonThe property at 800 N. Capitol Ave. is receiving a total rehab from two local developers that are retrofitting the building
with 111 apartments.
MorePedcor moving ahead with $13M Central State apartments
April 2, 2013
Scott OlsonThe Retreat on Washington would be the developer's second project at the former psychiatric hospital campus on Indianapolis'
west side.
MoreCassidy Turley offers mixed outlook on Indy real estate
January 10, 2013
Cory SchoutenThe city's largest real estate brokerage expects the industrial and housing markets to boom in 2013, but offers a more
cautious view on the office and retail sectors, predicting that uncertainty caused by political gridlock could hamper an already
sluggish recovery.
MoreIrvington groups save landmark from demolition
December 26, 2012
Dan HumanThe former post office at Washington Street and Ritter Avenue once anchored a commercial hub in the historic neighborhood.
About $400,000 in repairs are expected before the groups attempt to flip the property for a new use.
MoreSuper Bowl bid might spur new downtown hotel
August 11, 2012
Anthony SchoettleDowntown is short of the four- and five-star hotel rooms preferred by National Football League sponsors and partners for a
2018 Super Bowl host, but local tourism officials are hesitant to add more hotel space just to secure a second Super Bowl.
MoreLocal real estate developer files for bankruptcy
May 1, 2012
Scott OlsonCornelius M. Alig, chairman and CEO of Mansur Real Estate Services Inc., filed for Chapter 7 protection, listing $11 million
in personal debt he attributed to the prolonged slump in the real estate market.
MoreMass Ave project surrounding Barton Tower gets state OK
March 27, 2012
Tom HartonA partnership of Flaherty & Collins Properties and Insight Development Corp. was awarded rental housing tax credits by
the state that will be sold to finance construction of a 61-unit, $11.5 million apartment project at 555 Massachusetts Ave.
MoreIrvington apartment, streetscape projects clear hurdles
March 20, 2012
Tom HartonTwo significant construction projects are closer to starting in Irvington, where the district’s East Washington Street
commercial corridor is bouncing back even as one of its key buildings faces demolition.
MoreDeal rekindles $45M downtown project
March 17, 2012
Cory SchoutenFormer partners in Kosene & Kosene Development have settled a legal dispute that jeopardized redevelopment of the vacant
former Bank One Operations Center downtown. Milhaus Development has until May 1 to begin construction.
MoreDeveloper Broadbent loses fight to keep finances under wraps
March 7, 2012
Scott OlsonA newly public filing shows the co-founder of The Broadbent Co.'s net worth has fallen 60 percent, to $48 million.
MoreDeveloper plans $15.7M senior-living center on east side
February 17, 2012
Scott OlsonThe city of Indianapolis approved the project after accepting Mainstreet Property Group's offer to purchase the property at
16th Street and Arlington Avenue for $912,500.
MoreLocal developer rescues 1913 apartment building from wrecking ball
January 3, 2012
Cory SchoutenA local developer and historic preservation group have teamed up to save a 1913 apartment building near the Children's Museum
from demolition.
MoreMass Ave deal's brokerage fee raising eyebrows
November 19, 2011
Cory SchoutenA real estate brokerage picked by the city to spearhead redevelopment of a prime Mass Ave parcel occupied by the Indianapolis
Fire Department stands to collect a million-dollar-plus payday if it closes the deal.
MoreApartment project planned for south end of Monon
November 15, 2011
Tom HartonThe local arm of a California-based developer of affordable housing is planning to invest up to $10 million in a 60-unit complex
at 20th Street and the Monon Trail.
MoreObscure not-for-profit covering shortfalls in Carmel
November 12, 2011
Kathleen McLaughlinThe Carmel City Center Community Development Corp. has emerged as a key player in the city’s burgeoning downtown. The
not-for-profit 4CDC last month gave the performing arts center $1 million to cover its operating expenses, and it’s
expected to provide another $4.5 million through June 30.
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.
MoreCity to give Angie's List $4.6M to buy properties for expansion
August 16, 2011
Kathleen McLaughlinMoney for real estate acquisition is a major component of the $7.1 million in incentives the city of Indianapolis offered
Angie's List Inc. for expanding its headquarters campus to accommodate 500 more employees.
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.
MoreLender's suit says homebuilder owes $12.8M on loans
July 5, 2011
Scott OlsonM&I Bank filed the suit against J. Greg Allen, charging he defaulted on two loans he took out to buy 73 acres of land on the
northeast corner of Emerson Avenue and County Line Road on Indianapolis' south side.
MoreHousing agency breaking ground on $30M Lugar Tower project
June 29, 2011
The project includes renovations to the 15-story apartment building in downtown Indianapolis, as well as the construction
of two mixed-income buildings containing a total of 74 units at its base.
MoreOwner of several properties south of Mass Ave starts to divest
June 28, 2011
Tom HartonThe pending sale of two historic buildings and a vacant lot just south of Massachusetts Avenue is the first of what could
be several deals in the area as one of its largest property owners begins to divest its holdings.
MoreLender purchases Renaissance Bay in sheriff’s sale
June 16, 2011
Scott OlsonFort Wayne-based Star Financial Bank, which is trying to recover some of the more than $23 million it loaned for the condominium
project, submitted the only bid for it on Wednesday. The bank said several potential buyers are interested in the property.
MoreRenaissance Bay heads for sheriff's sale
June 7, 2011
Cory SchoutenA $150 million project that slammed head-first into the recession is slated for a sheriff's sale later this month.
MoreMeridian Street buildings to get facelift
April 2, 2011
IBJ StaffA not-for-profit is partnering with a locally based developer to renovate two vacant apartment buildings near Meridian and
38th streets into specialized affordable housing.
MoreIU Health cancels $73M project, acquires Gateway Plaza
March 26, 2011
J.K. WallIndiana University Health has canceled its plans for a $73 million administrative office building at 16th Street and Capitol
Avenue and has instead purchased the Gateway Plaza tower at 10th and Illinois streets.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!