Real Estate & Retail

CarDon trying to adjust nursing homes to hospitals, insurers, patientsRestricted Content

April 5, 2014
J.K. Wall
Family-run company is building nursing homes it thinks will be more attractive to residents and staff.
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Great public architecture is worth the priceRestricted Content

April 5, 2014
Bruce Race / Special to IBJ
Public architecture represents a community’s confidence and aspirations. Public buildings are landmarks that welcome and connect us. They celebrate our arrival, become intersections for culture, symbolize our commitment to democracy and justice, and sometimes they heal us.
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Growing demand for apartments pushing up rents

April 3, 2014
Associated Press
With demand for apartments surging, rents are projected to rise for a fifth straight year. Even a pickup in apartment construction is unlikely to provide much relief anytime soon.
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New highways funds aimed at I-65, job creation

April 3, 2014
Associated Press,  The Statehouse File
The construction planned with the money, as well as an additional $200 million that's being held pending review, could create as many as 9,800 jobs in the state, INDOT estimates.
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Drivers brace for U.S. 31 closure near Indianapolis

April 2, 2014
Associated Press
Residents and businesses in the northern suburbs of Indianapolis are preparing for the start of an eight-month closure of U.S. 31 as part of the project upgrading it to interstate standards.
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Former HHGregg COO hired to lead bicycle retailer

April 1, 2014
Scott Olson
BikeStreet announced Monday that it has hired Gregg W. Throgmartin as its CEO, the same day as his departure from HHGregg became official.
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Software firm renovating warehouse south of Broad Ripple

April 1, 2014
Scott Olson
TCC Software Solutions is spending $1.8 million to rehab the vacant building at 1022 E. 52nd St. and hopes to move in by the end of July.
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State to widen Interstate 65 south of Southport

March 31, 2014
Kathleen McLaughlin
Greenwood-area commuters should have more breathing room on Interstate 65 after a highway-widening project planned by the Indiana Department of Transportation.
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Big tenant nearly completes tower's sudden comeback

March 31, 2014
Scott Olson
On the heels of signing Angie's List Inc. in downtown's Landmark Center, new owner Ambrose Property Group has inked a lease for the Christian Church-Disciples of Christ, helping to boost occupancy above 90 percent.
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1960 modern house was built for the age(s)Restricted Content

March 29, 2014
Sam Stall
Restoration evokes marveling over its trappings and construction to withstand the Atomic Age.
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Expensive homes selling quickly in Indianapolis areaRestricted Content

March 29, 2014
Pricier houses are vanishing from the market faster than less-expensive homes due to a temporary bottleneck caused by rising demand and a slow recovery by builders.
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Contractor spending $1.6M to move north of downtownRestricted Content

March 29, 2014
Construction manager and contractor Messer Construction Co. has purchased two adjoining vacant buildings on North Meridian Street south of Fall Creek Parkway and plans to move there from Shadeland Avenue.
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Buckingham rethinking plans for prime Zionsville site

March 29, 2014
Andrea Muirragui Davis
Buckingham Cos. says it is still weighing options for a key property it controls in downtown Zionsville, but two nearby landowners are trying to sell their parcels after talks with the developer broke down.
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CEO of Simon spinoff to run company from D.C. perch

March 29, 2014
Greg Andrews
Simon Property’s decision to name the new business Washington Prime had fueled speculation the company would end up based in the D.C. area. However, that apparently is not the case.
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Banks see resurgence of home equity loansRestricted Content

March 29, 2014
Chris O'Malley
Although mortgage-refinancing applications are down, the product reviled and thought extinct after the 2008 housing crash that decimated property values may save the day for lenders: the home equity loan/line of credit.
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Shadeland Station shopping center bought for $9.5M

March 28, 2014
New York-based Time Equities Inc. acquired the northeast-side property that is anchored by a Marsh supermarket and 85-percent occupied.
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Finish Line reports rising quarterly, annual earnings

March 28, 2014
A jump in same-store sales and improvements to the sports-apparel retailer's website helped the company report a better-than-expected profit in its fiscal fourth quarter.
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Bloomington council backs Habitat neighborhood

March 27, 2014
Associated Press
The Bloomington City Council is giving permission to a Habitat for Humanity group to develop a neighborhood with 35 homes.
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Angie's List to take big chunk of Landmark Center

March 27, 2014
Chris O'Malley
The move into nearly 100,000 square feet of office space is intended to consolidate Angie's off-campus workers downtown. It's a boon to struggling Landmark Center, which has been hemorrhaging tenants.
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Noble Roman's awarded $1.5M in battle with franchisees

March 27, 2014
Scott Olson
The Indianapolis-based pizza chain is still waiting to collect after being locked in a years-long legal dispute over franchise agreements and royalties.
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'Architecturally significant' Cummins HQ likely won't scrape downtown skyline

March 26, 2014
Scott Olson
The engine maker's planned global distribution headquarters downtown will seem modest compared to a 28-story apartment complex slated for across Market Street, but the firm has a strong history of promoting breath-taking architecture.
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Cummins to build downtown office building for 400 workers

March 26, 2014
 IBJ Staff
The $30 million project, which will include ground-floor retail and a parking garage, will occupy the two remaining parcels of the former Market Square Arena site.
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Simon says court should dismiss CEO pay case

March 25, 2014
Bloomberg News
Simon Property Group told a Delaware judge on Tuesday that an investor lawsuit over David Simon's huge pay package should be thrown out now that the company has rewritten the compensation plan.
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Apartment owner jumps into office biz with south-side rehab

March 25, 2014
Scott Olson
Ardizzone Enterprises Inc. in Beech Grove is preparing to open a two-building, 63-suite office complex on U.S. 31 south of Interstate 465. The company has invested $4.2 million in the project.
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Columbus looks to sell factory of failed solar-panel maker

March 25, 2014
 Associated Press and IBJ Staff
Columbus officials will start accepting bids next month for the vacant Nusun Inc. facility in a city industrial park.
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