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Property Management
AT&T building's new owner targets first-floor retail
June 11, 2013
Scott OlsonGeis Properties, a division of Streetsboro, Ohio-based Geis Cos., purchased the 558,000-square-foot building for $16.5 million
late last month from AT&T, which is reducing its downtown presence.
MoreCity code enforcement rethinks rental housing strategy
May 9, 2013
Kathleen McLaughlinIndianapolis is reconsidering plans for cracking down on negligent landlords through a rental-housing registry after the Legislature
enacted a one-year moratorium on new fees.
MoreMayor drops plan to privatize City-County Building
April 17, 2013
Kathleen McLaughlinCity rejects proposals from four private-sector real estate teams and signs a 10-year lease extension with the existing building
manager.
MoreDeveloper closing in on Ironworks anchor tenant
April 9, 2013
Scott OlsonHendricks Commercial Properties is set to break ground on the $30 million mixed-use development on the southwest corner of
86th Street and Keystone Avenue on Wednesday.
MoreSimon taps Pace bonds to fund energy projects
April 8, 2013
Bloomberg NewsIndianapolis-based Simon Property Group Inc. is among borrowers funding projects from rooftop solar panels to energy-savings
systems using so-called Pace financing.
MoreAppeals court upholds Marsh's $18.2M award from Roche
April 1, 2013
IBJ Staff, Jennifer Nelson / The Indiana LawyerThe Indiana Court of Appeals upheld an $18.2 million judgment Monday in favor of Marsh Supermarkets LLC on its complaint alleging
that Roche breached a contract to sublease space in the Fishers building that houses Marsh’s headquarters.
MoreLand bank bill likely heading for study committee
March 11, 2013
Kathleen McLaughlinRep. Ed Clere, R-New Albany, said his bill on land banks may have tried to tackle too many issues involving abandoned housing,
including Indiana’s tax-sale process.
MoreMall REITs soared in 2012 by ditching struggling centers
January 18, 2013
Bloomberg NewsMall owners, including Simon Property Group Inc. and General Growth Properties Inc., have been moving on from struggling retail
centers as the economic rebound drives them to focus on the best-performing markets.
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.
MoreEast-side biz incubator's new owner is old owner
December 5, 2012
Scott OlsonThe Indianapolis Enterprise Center on the near-east side has been acquired by a local investor group led by the former owner
of the troubled business incubator.
MorePaoli Peaks wins big in battle with landlord over logging
October 19, 2012
Cory SchoutenThe owners of the Paoli Peaks ski resort have prevailed in a battle with their landlord, who had sought to squeeze additional
revenue out of the 68-acre property by launching a logging operation.
MoreNew Denison CEO puts parking firm on growth tear
September 22, 2012
Chris O'MalleyPerry Griffith, the scion of the Griffith family’s Denison Parking empire, is handing the CEO reins to the executive
who helped him expand the Indianapolis company to 10 other states in as many years.
MoreCity lands grant to study reuse of old automotive sites
September 19, 2012
Kathleen McLaughlinFederal and local funds will be used in the effort to reposition manufacturing sites abandoned by GM, Ford, Chrysler and Navistar.
MoreJudge denies airport's objection to competing parking lot
September 11, 2012
IBJ StaffA Marion County judge has denied a legal challenge by the Indianapolis Airport Authority that would prevent a Cincinnati-based
developer from opening a competing parking lot near the airport.
MoreManagement contracts help DTM Real Estate push into mainstream
September 4, 2012
Tom HartonDTM Real Estate Services LLC landed management and leasing for Fortune Park buildings 5, 6 and 7 in August, about a year after
getting the management contract for a 360,000-square-foot portfolio in Park 100.
MoreFive in the running to manage City-County Building
August 8, 2012
Kathleen McLaughlinIndianapolis Mayor Greg Ballard’s office is reviewing proposals from five commercial property managers that want a crack
at running the City-County Building for the next 30 years.
MoreFashion Mall landlord suing tenant over unpaid rent
July 30, 2012
Scott OlsonA division of Simon Property Group Inc. is suing Brisbane, Calif.-based Bebe Stores Inc., claiming the women's clothing retailer
owes it $64,000 in unpaid rent.
MoreLand trust buys 55 acres in Morgan County
June 28, 2012
The Central Indiana Land Trust announced Thursday that it has purchased 55 acres of land south of Mooresville to ensure that
it remains protected from future development.
MoreLauth embarks on turnaround of The Congressional in Carmel
June 12, 2012
Tom HartonThe local developer moved its offices into the building and plans more than $2 million in upgrades to reposition a property
that fell on hard times at the dawn of the national real estate crisis.
MoreMainstreet signs operator for new health care properties
May 30, 2012
Kathleen McLaughlinA Cicero-based developer has signed a national senior-living company to operate four new properties it plans for Indiana.
MoreSouth-side medical office building in foreclosure
May 18, 2012
Munster-based Citizens Financial Bank claims the owner of the building at 1340 E. County Line Road owes $4.1 million on a
loan originating from 2002 and is seeking to have a court-appointed receiver manage the building's operations.
MoreFormer Pac-Van owners return to mobile office biz
May 16, 2012
Scott OlsonBrent and Matthew Claymon have founded OnSite Space LLC and acquired Indianapolis-based Tyson Corp., to form OnSite Space
by Tyson. The brothers sold Pac-Van in 2006 and have returned to the industry after their five-year non-compete expired.
MoreSummit lands bank tower management contract
May 15, 2012
Tom HartonSummit Realty Group assumed management of the 28-story M&I Plaza on May 14, replacing CBRE.
MoreLocal developer files to go public in Canada
May 2, 2012
Cory SchoutenA locally based developer and owner of senior health care centers has filed to go public as a real estate investment trust
in Canada.
MoreAnderson officials plan to demolish Emge building
April 30, 2012
Associated PressAnderson officials plan to demolish a former meat-processing plant and convert the 5-acre property into a maintenance and
storage area for the wastewater department.
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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!