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Project Funding
Construction supplies firm plans mixed-use HQ downtown
June 2, 2010
Cory SchoutenAffordable Building Supplies LLC, which was displaced by the construction of Lucas Oil Stadium, hopes to move its headquarters
closer to downtown in a new mixed-use building on South Meridian Street.
MoreMass Ave project on verge of approval
May 4, 2010
Tom HartonThe addition of an underground parking garage is likely to get Trail Side off the drawing board and under construction.
MoreA new real estate crisis could wreck recovery
April 24, 2010
Greg AndrewsBorrowers may not be able to refinance many of the more than $1.4 trillion in commercial real estate mortgages coming due
by the end of 2014.
MoreHuge tax-credit deal will fund rehab of 538 apartment units
March 9, 2010
Tom HartonThe largest tax credit deal in state history will fund the rehabilitation of 538 apartments in four complexes owned
by the Indianapolis Housing Agency.
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.
MoreBank buys part of property targeted for Fishers water park
December 24, 2009
Scott OlsonA high-profile piece of land in Fishers that is part of a proposed hotel and water park project has been bought by the bank
that foreclosed upon it.
MoreProsecutor Brizzi a big player in real estate
December 19, 2009
Cory SchoutenCarl Brizzi partnered on a bank branch, took an ownership interest in an office building and flipped condos.
MoreVan Rooy scoops up troubled complex
November 10, 2009
Tom HartonVan Rooy Properties plans to spend $5.5 million renovating a 277-unit west side apartment complex that it acquired a month
ago in an unusual deal.
MoreAllen Plaza developer bullish on downtown, eager for next project
November 7, 2009
Cory SchoutenJ. Greg Allen sees the $14 million Allen Plaza renovation as a message to city leaders that he intends to leave
a lasting mark on downtown.
MoreFailed Charlotte skyscraper brings Indianapolis developer back to earth
November 7, 2009
Greg AndrewsThe Flaherty & Collins project—dubbed 210 Trade—would have been the tallest residential building in the Carolinas,
with more floors
than any building in the region except the Charlotte headquarters of Bank of America Corp.
MoreSecond developer facing foreclosure on Fishers property
October 20, 2009
Scott OlsonThe developer of the proposed $80 million project is facing foreclosure on the property at the same time adjoining land critical
to the project's development has been scheduled for liquidation by a lender.
MoreIrvington rolls out $1.2 million promotional campaign
June 1, 2009
Anthony SchoettleIn the midst of a $1.2 million campaign to upgrade streets, sidewalks and other neighborhood infrastructure, a coalition of
Irvington businesses and residents is launching a unique marketing campaign to tout the neighborhood's recent enhancements
and position it as an alternative to places such as Carmel, Zionsville, Geist and Noblesville.
MoreIn recession, commercial brokers struggle to determine property values
May 25, 2009
Chip CutterFew 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.
MoreMost office-space renters opt to stay where they are
April 6, 2009
Sam StallTight budgets, unsure future make moving unattractive to office-space renters.
MoreHistoric downtown building may be rescued.
March 23, 2009
Cory SchoutenLocal developer Halakar Properties Inc. is seeking tax abatement to save an endangered property.
MoreAirport hotel in limbo
February 2, 2009
Anthony SchoettleThe recession, coupled with personnel shifts, have grounded the more than $50-million hotel project adjacent to the new terminal.
MoreCreditor pursues Premier property
March 10, 2008
Cory SchoutenWachovia Bank has begun foreclosure proceedings on one of Premier Properties USA Inc.'s most prized developments, a giant
Ohio lifestyle center anchored by Target and J.C. Penney. The Charlotte, N.C.-based bank also is foreclosing on a vacant former
Wal-Mart store in front of Premier's Metropolis mall in Plainfield.
MorePan Am development deal dies
August 27, 2007
Cory SchoutenFallout from the subprime mortgage fiasco has scuttled a developer's plans to acquire Pan Am Plaza and could complicate a
host of other development deals under way in Indianapolis.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.