Property Management
South-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.
MoreLongtime CEO of Acorn Group real estate firm dies
April 25, 2012
Albert M. Donato Jr., 70, founded the Indianapolis commercial real estate and property management firm in 1988 and most recently served as CEO and board chairman.
Health care real estate owner takes over management of 29 buildings
April 3, 2012
Tom HartonHealthcare Trust of America now handles property management and leasing for 29 buildings formerly managed by Hokanson Cos.
MoreBuilding rentals help school district make ends meet
March 19, 2012
Associated PressFranklin is planning to raise $120,000 by renting the performing arts center and middle school auditorium this year — six
times what the district made in rental fees four years ago.
MoreCircle Centre again suing Bella Vita over unpaid rent
January 30, 2012
Scott OlsonLandlord Circle Centre Mall LLC is suing the restaurant over $77,275.24 in unpaid rent, according to court documents. Circle
Centre also sued Bella Vita in June 2010 over $96,523.23 in overdue rent.
MoreHundreds of houses available as Super Bowl rentals
January 20, 2012
Scott OlsonIndianapolis-area homeowners are looking to cash in by opening up their homes to visitors for daily prices ranging from about
$700 to $9,000, but demand may not come until participants in the big game are settled.
MoreSears closings shouldn't be big problem for Simon
December 29, 2011
Kathleen McLaughlinSimon Property Group has more shopping malls with Sears as a tenant than any other landlord, but any closings are likely have
a negligible effect on the Indianapolis-based real estate company's overall earnings, an analyst says.
MoreEx-Speedway boss plans 4-lot subdivision on north side
December 6, 2011
Scott OlsonFormer Indianapolis Motor Speedway CEO Tony George and his wife had tried unsuccessfully to sell their 12-acre wooded estate
and now are planning to divide the land into a four-lot subdivision.
MoreCity files nuisance charges against property owner
November 3, 2011
The complaint alleges that David J. Williams' properties have been the subject of more than 400 violations and have generated
more than 30 police reports for criminal activity.
MoreCalifornia firm's Park 100 portfolio goes back to lender
October 4, 2011
Tom HartonCalifornia-based Blue Real Estate lost the last big chunk of its Indianapolis portfolio last week when a lender took control
of Blue’s 360,000-square-foot, seven-building portfolio in Park 100.
MoreIndianapolis building owners, managers pressed to protect birds
September 10, 2011
Chris O'MalleyThe Audubon Society has documented hundreds of birds killed downtown in the past two years as birds are attracted to the city
lights and then fly into windows.
MoreNew owners aim for big profit after buying IPS school on the cheap
September 6, 2011
Cory SchoutenThe buyers of former IPS School 64 stand to make hundreds of thousands of dollars if they manage to flip the property they
bought for just $20,000.
MoreJohnson County still dealing with 2008 flood
September 6, 2011
Associated PressJohnson County officials have been working to buy about 40 flooded properties in an area a few miles west of Greenwood, so
they can be demolished.
MoreReceiver appointed in $16.8M foreclosure suit
August 29, 2011
Scott OlsonLender Merrill Lynch Mortgage Trust is foreclosing on several Indianapolis commercial properties, including two retail centers,
owned by Greenwood developer Presnell Cos.
MoreCircle Centre wants Cinnabon out of mall
August 29, 2011
Scott OlsonA lawsuit filed by the downtown Indianapolis mall accuses Cinnaworks LLC, a franchisee of Cinnabon, of failing to pay its
$6,751-per-month rent.
MoreNot-for-profit building affordable housing in Brownsburg
August 2, 2011
IBJ StaffSycamore Services Inc., which serves people with disabilities, has closed on $8 million in financing to build a 72-unit apartment
community in Brownsburg.
MoreKeystone Towers implosion set for late August
August 1, 2011
IBJ StaffThe long-vacant Keystone Towers apartment complex will be imploded Aug. 28 at 8 a.m., the Department of Metropolitan Development
announced Monday afternoon.
MorePrecedent joins ranks of battered developers
July 30, 2011
Cory SchoutenThe Precedent Cos.—the local developer of The Precedent Office Park, Mount Comfort Commercial Park and several upscale
residential communities in Hamilton and Johnson counties—is winding down operations in an out-of-court restructuring.
MoreCity ready to take down 1,100 abandoned homes
July 18, 2011
Francesca JaroszWith the sale of its water and sewer utilities cleared by regulators, the city of Indianapolis is preparing to deploy $15
million to $25 million in funds from the deal into tearing down abandoned houses.
MoreLocal developer ready to start $18M project
July 1, 2011
Associated PressIndianapolis-based Buckingham Cos. is expected to start construction this summer on an $18 million, 146-unit apartment building
in downtown Columbus.
MoreQuail Run Apartments in Zionsville changes hands
June 29, 2011
Richmond, Va.-based McCann Realty Partners LLC bought the 166-unit complex with a $9.25 million loan. The sale marks the second
time Quail Run has changed ownership in the past two years.
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we love that we were right in our predictions for the outcome of Tony's boondoggle. We aren't negative, we are positive that the league that never has will continue to blow chunks and stink up the place
I was initially excited to learn that this wasn't rubber-stamped, but if all that is required is to add some shrubs and some "window dressing" over the first floor of the garage, then I'd call it a waste of everyone's time. It should be noted that the Hearing Examiner is a DMD employee who reports to the same administrator as the DMD staff planner who recommended approval of the garage and whose report said that the requirement for ground-floor retail had been "satisfied". Better luck with appealing the inevitable approval at the MDC, where the commissioners are appointed by the Mayor, City Council, and County Commissioners, thus, presumably not all obligated to facilitate the administration's plans.
Wheat Thins, when paired with chocolate ice cream!
About the same.
New airport, new Lucas Oil Stadium, expanded convention center, $30,000,000 Pacer gift, Stupid City Way Project, Broad Ripple Parking Garage $ Giveaway, Money blown on lethal bike lanes. The list is endless..
We have complete morons in City Government with grafter buddies sitting in the wings also stealing parking meter revenue. Go to www.adavceindiana.com and read about Chicago Parking Meter Corruption.
It's all theft of taxpayer resources and complete lack of financial stewardship and devoid of integrity.
I would just like for basic city services please.