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Property Management
Indianapolis office vacancy rates still rising
June 29, 2010
Scott OlsonVacancy rates in the downtown and Keystone at the Crossing markets climbed in the past six months, according to
Meridian
Real Estate's latest report, but the market shows signs of stabilizing.
MoreGreenwood mobile home park sold to Illinois firm
June 24, 2010
Indy Mobile purchases 527-lot Friendly Village through a court-appointed receiver.
MoreDora Hotels takes over management of DePauw's Walden Inn
May 22, 2010
IBJ StaffDora operates more than 20 hotels, including five in downtown Indianapolis and two adjacent to Indianapolis International
Airport.
MoreLocal firm's Carolina development slides into bankruptcy
April 22, 2010
Scott OlsonOwner of Flaherty & Collins' apartment complex in Raleigh seeks to reorganize debts related to a $24.8 million loan. It's
the second Flaherty & Collins project in North Carolina to fall into bankruptcy in six months.
MoreGeneral Growth's bankruptcy plan makes room for Simon
March 31, 2010
Bloomberg NewsThe provision would give General Growth time to explore a takeover bid from Simon Property Group Inc., whose $10 billion offer
was turned down by its rival in February. Simon is preparing a new bid, according to a person with knowledge of that plan.
MoreEngeledow Group acquires estate landscaper
March 29, 2010
Kathleen McLaughlinEngledow Group, one of the Indianapolis area's largest landscape companies, has acquired Litchfield Landscape Co. to bolster
its estates division.
MoreGeneral Growth investors add $3.93B to Brookfield plan
March 8, 2010
Bloomberg NewsThe cash payment matches a provision of a competing bid by Indianapolis-based Simon Property Group Inc., which has offered
to buy its biggest competitor for more than $10 billion and pay all unsecured creditors.
MoreBrookfield deal doesn't put Simon out of General Growth game
February 25, 2010
Bloomberg NewsThe bid by Simon Property was an "initial salvo" and the Brookfield plan likely will prompt a new offer from the Indianapolis-based
mall owner, real estate research analyst says.
MoreBlackstone may join Simon's bid for General Growth
February 19, 2010
Bloomberg NewsBlackstone Group LP, the world's largest private-equity firm, may join Simon Property Group Inc.'s bid to buy bankrupt
General Growth Properties Inc., according to two people with knowledge of the discussions.
MoreVenue-management titans emerge as CIB front-runners
January 9, 2010
Peter SchnitzlerExperts say a unique four-way partnership that includes the Pacers and Indianapolis Convention & Visitors Association may
be the favorite to run the city's sports and
convention venues.
MoreDenison light-replacement project shows expanding base of green vendors in region
November 21, 2009
Chris O'MalleyIndianapolis parking garage operator Denison shuns sexy LED lighting for Fishers supplier’s induction lights.
More'Dewatering' system creates space, keeps new Marriott's basement dry
September 19, 2009
Scott OlsonA sprawling network of drainage pipes is designed to keep the underground parking garage of the new JW Marriott hotel dry.
MoreSidewalk inspections help downtown get spiffed up for big events
September 5, 2009
Marc D. AllanThey used to say that downtown Indianapolis rolled up the sidewalks at 6 p.m. No one says
that anymore. Now they say those sidewalks need to be clean. Sidewalk cleanliness is important on a day-to-day
basis for aesthetic reasons, but even more so when Indianapolis wants to put on its best face for major events
like the Final Four, the Indianapolis 500 and the Super Bowl.
MoreSimon layoffs would jeopardize HQ incentive deal
April 20, 2009
Cory SchoutenDuring one of the worst markets for real estate in decades, at a time when developers of all sizes are shedding employees,
officials with Simon Property Group Inc. continue to insist they have had zero layoffs.
MoreStrip-mall developer scales back as housing slump hurts small retail centers
August 4, 2008
Cory SchoutenA local developer known for its strip centers has stopped building new projects, scaled back its staff, and is trying to unload several of its properties in an apparent bid to survive. Williams Realty Group earlier this year shuttered its custom-home-building operation, DayMarc Homes, and now observers are wondering if owners Dave Crockett and Marc Freije can keep the rest of Williams afloat.
Zender trying to sell 18 apartment complexes for about $40 million
June 2, 2008
Chip CutterA locally based property management firm is struggling to find a buyer for its downtown apartment complexes, even as the city's
rental market continues to thrive. The privately owned Zender Family Limited Partnership, which was founded 38 years ago,
placed its 18-property apartment portfolio up for sale in November.
MoreDramatic facade change planned for office tower
April 2, 2007
Cory SchoutenThe city's oldest skyscraper will get a sleek new look starting this summer, when workers are scheduled to begin installing
a glass-covered curtain wall to replace a storm-scarred facade. Renovation of One Indiana Square should begin in June and
continue for two years.
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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.