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Real Estate & Retail
Second-quarter commercial real estate statistics for Indianapolis
September 22, 2012
Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates
and the local industrial market.
MoreSecond-tier office buildings Indianapolis now top-of-mind for buyers
September 22, 2012
Mason KingClass B admirers are benefiting from low prices and lending rates, and turning the buildings into apartment and company headquarters.
MoreVON DEYLEN: Stay the path toward revitalized Fountain Square
September 22, 2012
Craig Von Deylen / Special to IBJWhat most people consider Fountain Square is actually a combination of three neighborhoods: Fountain Square, Fletcher Place
and Holy Rosary. In 2005, I started working on my first project in this area, and it has changed the direction of my professional
path in just about every way possible.
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.
MoreSenior housing slated for old Lawrence school building
September 21, 2012
Scott OlsonThe Whitsett Group plans to invest $6.5 million to convert the building on East 46th Street into 60 senior housing units.
The Lawrence Township school district put the structure on the block, and Whitsett submitted the winning bid.
MoreCity approves $15.7M senior-living center on east side
September 20, 2012
Mainstreet Property Group LLC plans to build a 100-bed facility at 16th Street and Arlington Avenue on nine acres where Raytheon
Technical Services Co. LLC once operated.
MoreWal-Mart again attempting to build in Zionsville
September 20, 2012
Scott OlsonWal-Mart Stores Inc. has filed new plans to build a store along Michigan Road in Zionsville, six years after the town rebuffed
its original proposal that drew the ire of local residents and merchants.
MoreMelvin Simon estate collects $944M from share sale
September 20, 2012
Cory SchoutenSimon Property Group Inc. has settled a dispute with the estate of its late founder Melvin Simon, converting his ownership
units into common shares and selling them for $944 million.
MoreLuxury-outlet strategy puts Simon on top of mall industry
September 20, 2012
Bloomberg NewsLuxury outlet malls—where upscale retailers such as Coach Inc. and Michael Kors Holdings Ltd. hawk discount goods—are
now the main source of expansion for the Indianapolis-based real estate investment trust, the country’s largest.
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.
MoreBasketball legend Robertson target of bank’s lawsuit
September 19, 2012
Scott OlsonOscar Robertson's money troubles in Ohio have been well documented lately. But in his hometown of Indianapolis, he's trying
to convince a judge that he's not responsible for a $203,000 bank loan.
MoreAmbrose jumping into Plainfield industrial market
September 18, 2012
Tom HartonFast-growing Ambrose Property Group plans to develop a $12 million warehouse building on a site in Plainfield that it acquired
last month from the FDIC.
MoreIndianapolis jeweler shot during home break-in
September 16, 2012
Associated PressIndianapolis police say jeweler Gary Thrapp of G. Thrapp Jewelers was in stable but serious condition Sunday after being shot
when two people broke into his home.
MoreMainGate, Lids score Super Bowl merchandise deals
September 15, 2012
Anthony SchoettleA pair of Indianapolis-based companies recently scored the largest single-event deal in the world of U.S. sports licensing,
unseating 24-year incumbent Facilities Merchandising Inc. to win lucrative deals at the 2013 Super Bowl in New Orleans.
MoreTIF expert is adviser to many municipalities
September 15, 2012
Scott OlsonLoren Matthes helped broker first tax-increment financing deal in the state
MoreLocal buyer acquiring Circle Tower for $6M
September 15, 2012
Cory SchoutenA fast-growing Indianapolis real estate firm is poised to acquire one of the city’s most iconic and well-located historic
buildings.
MoreInvestor still pushing for Simon to buy rival despite opposition
September 14, 2012
Bloomberg NewsBrookfield Asset Management Inc. is keeping a tight grip on its stake in General Growth Properties Inc. in a bet the second-largest
U.S. mall owner is better off as an independent company that will jump in value.
MoreArea home-sale contracts up again in August
September 13, 2012
Purchase agreements in the nine-county area totaled 2,151 during the month, a 5-percent increase from August 2011. Year-to-date
sales are up 14 percent compared with the same time last year.
MoreMillcraft hoping to fill downtown paper-supply void
September 13, 2012
Scott OlsonMillcraft Paper Co. is set to move from the far east side to downtown Indianapolis on Sept. 24 in hopes of filling a void
left a few months ago by the closing of Arvey Paper & Office Products.
MoreFinish Line stock falls after analyst's downgrade
September 13, 2012
Associated PressAn analyst downgraded The Finish Line Inc.'s stock on Wednesday, saying that the Indianapolis-based sneaker and athletic
clothing retailer will likely continue to lose share to rival Foot Locker.
MoreNew metropolitan development director named
September 12, 2012
Adam Thies will succeed Maury Plambeck as director of Indianapolis' Department of Metropolitan Development, effective Oct.
1. Plambeck will lead a program directing the next RebuildIndy investments into city neighborhoods.
MoreSimon exec: There's ‘no interest’ in buying General Growth
September 11, 2012
Bloomberg NewsA Simon Property Group Inc. executive said that the largest U.S. mall owner isn’t trying to acquire competitor General
Growth Properties Inc., which announced Monday that it won’t put itself up for sale.
MoreArea homebuilding permits on the rise in August
September 11, 2012
Builders in the nine-county Indianapolis area filed 408 construction permits in August, a 15-percent increase from the same
month a year earlier, according to the Builders Association of Greater Indianapolis.
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.
MoreVirginia Avenue attracts yet another project
September 11, 2012
Tom HartonEnglewood Development has under contract the former Shirley Engraving property at 460 Virginia Ave., where it plans up to
50 apartments, about 5,000 square feet of retail space and an underground parking garage.
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First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.
I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.
Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??
On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.
It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.