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Property Management
Minneapolis firm buys Fishers business park
March 22, 2011
Scott OlsonMeritex purchased 306,408-square-foot business park out of foreclosure from Wells Fargo Bank. The previous owner, Kobra Properties,
had fallen into bankruptcy.
MoreBuilders offer new twist on move-up incentive
March 2, 2011
Kathleen McLaughlinInstead of offering to help would-be buyers of new houses sell their old homes, Marketplace is offering to become a rental
property manager for as long as six years.
MoreCastleton Plaza seeks bankruptcy reorganization
February 18, 2011
Scott OlsonShopping center on East 82nd Street lists nearly $10.4 million in liabilities and about $7.6 million in assets. The Chapter
11 filing follows a request to foreclose on the property from the center's lender.
MoreComplaints spark IURC to limit telecom’s service territory
February 17, 2011
Scott OlsonE.Com Technologies LLC, which serves the large Centennial subdivision in Westfield, cannot expand its service territory without
the state agency's permission. Charges of anti-competitive behavior led to the decision.
MoreParking meter replacement set to begin in March
February 15, 2011
Scott OlsonAffiliated Computer Services, which struck a deal late last year to manage the city's parking meters, will begin replacing
meters in downtown Indianapolis and Broad Ripple early next month.
MoreGlick partners on $30M downtown apartment development
February 14, 2011
Cory SchoutenThe lead developer on a long-delayed proposal to redevelop the former Bank One Operations Center has landed a powerhouse partner:
apartment developer Gene B. Glick Co.
MoreCIB set to approve parking lot paving bid
February 14, 2011
The Capital Improvement Board will consider a bid for up to $900,000 to pave a gravel parking lot on the former site of Market
Square Arena once slated for redevelopment.
MoreKeystone Towers heading toward demolition, city says
February 10, 2011
IBJ Staff and Associated PressAn Indianapolis Department of Metropolitan Development official says the city has plans to tear down the abandoned 15-story
Keystone Towers complex at Allisonville Road and Fall Creek Parkway and seek proposals for redevelopment.
MoreNot much optimism in commercial real estate outlook
January 13, 2011
Cory SchoutenAnother challenging year is in store for commercial real estate thanks to high unemployment, a still-struggling housing market
and an unforgiving credit environment, Cassidy Turley plans to report Thursday at its annual State of Real Estate event.
MoreLawmaker wants homeowners to pay for pond safety
January 9, 2011
Associated PressAn Indiana lawmaker worried about the dangers posed by retention ponds wants nearby homeowners to foot the bill of erecting
safety barriers such as guardrails.
MoreReal estate brokers scrambling for national partnerships
January 8, 2011
Cory SchoutenTop commercial real estate firms have been playing a name game of late, picking up or dropping national affiliations in a
broad realignment of the city’s brokerage business.
MoreReal estate startup hopes to raise millions in stock offering
December 30, 2010
Cory SchoutenA group of local entrepreneurs has filed plans with with the SEC to raise as much as $306 million to buy real estate assets
in a so-called "blind pool" stock offering.
MoreUPDATE: United Kingdom mall owner rejects Simon bid
December 15, 2010
Bloomberg NewsCapital Shopping Centres Group Plc, the United Kingdom's biggest shopping mall owner, turned down Simon Property Group Inc.'s
$4.6 billion bid, describing it as "inadequate."
MoreSimon’s options for Capital Shopping takeover dwindling
December 13, 2010
Bloomberg NewsSimon Property Group Inc. may be running out of options in its quest to take over Capital Shopping Centres Group Plc and become
the largest mall owner in the United Kingdom.
MoreAccounting change could have huge impact on real estate leasing
December 11, 2010
Scott OlsonProposal requires companies to book leases as assets, and stands to shift the momentum to purchases.
MoreCosmopolitan apartment fire prompts lawsuit
December 8, 2010
Scott OlsonThe insurer for Indiana Landmarks is suing developer Flaherty & Collins, claiming negligence in a blaze that partially destroyed
the apartment project and damaged the not-for-profit's adjacent headquarters.
MoreStart of downtown North of South project in flux
November 22, 2010
Scott OlsonThe developer of the $150 million mixed-use project in downtown Indianapolis had hoped to start construction by the end of
the year. But delays in getting the project zoned properly likely will move the start date back.
MoreSimon rival General Growth exits Chapter 11
November 9, 2010
Associated PressGeneral Growth exits bankruptcy with more than 183 regional malls in 43 states — a retail portfolio second only to Indianapolis-based
Simon Property Group Inc., which failed in its bid to scoop up its rival earlier this year.
MoreOwner of city apartment complex files Chapter 11
October 26, 2010
Kathleen McLaughlinThe owner of a 518-unit apartment complex on the northwest side of Indianapolis is seeking Chapter 11 bankruptcy protection
as it disputes the amount of its mortgage debt with its lender.
MoreIndianapolis-area experts see bright spots amid ongoing real estate weakness
October 23, 2010
Health care shows signs of life, and multi-family buildings continue to hold their own, experts said during a recent IBJ
Power Breakfast.
More3Mass resident sues developer over accessibility
October 19, 2010
Cory SchoutenA resident of the 3Mass condo development who uses an electric wheelchair is suing the developers for failing to provide handicap
accessibility to a rooftop terrace.
MoreLocal senior living manager makes $60.5M acquisition
October 15, 2010
IBJ StaffIndianapolis-based Keystone Senior Living LLC has acquired a portfolio of 28 communities in Minnesota and Wisconsin, more
than doubling the units it has under management.
MoreTower manager proposes 4th Artsgarden skywalk
September 16, 2010
J.K. WallReit Management & Research LLC made a presentation Wednesday to the Indianapolis Metropolitan Development Commission for
its plans to build a pedestrian walkway between Circle Centre mall and PNC Center.
MoreLauth headquarters offered for lease
July 27, 2010
Cory SchoutenFinancially 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.
MoreVan Rooy sweeps national maintenance 'Olympics'
July 10, 2010
IBJ StaffThree of the local firm's employees beat 3,000 contestants nationwide at a competition in New Orleans.
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Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.