Real Estate

Ward, Vargas take top All-Star Agent spots

August 28, 2010
IBJ has compiled its All-Star Agents lists annually since 1997. Agents are ranked by their sales volume over a two-year period.
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Banks still cautious on commercial real estateRestricted Content

August 28, 2010
Scott Olson
Singed by the downturn, banks are winnowing real estate portfolios.
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Greenwood businessman arrested for plan to commit arson

August 16, 2010
The arrest of Daniel Annee, 46, follows an investigation in which he is alleged to have paid an undercover agent, posing as an arsonist, $500 to burn down a building he co-owned at 431 E. Hanna Ave.
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'Landstory' name opens new chapter for firmRestricted Content

July 24, 2010
Scott Olson
Moniker reflects ownership change years earlier, better description of company's focus.
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A slow time for fixer-uppers

June 26, 2010
Katie Maurer
Locally, the long-running FLIP program, or Fund for Landmark Indianapolis Properties, has seen a marked downturn in the resale of historic buildings.
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Indiana contractors scramble for certification to remove leadRestricted Content

June 5, 2010
Norm Heikens
New U.S. Environmental Protection Agency rules force precautions on paint chips, dust.
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Evans: Health care real estate is evolving

May 19, 2010
J.K. Wall
If Clarian Health CEO Dan Evans were investing in health care real estate, he’d make bets in three new things: smaller, denser clinics with lots of computer equipment to do telemedicine; medical office buildings populated by physician assistants; and nursing homes with a strong relationship with a hospital.
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Connector bridges gap between convention center and stadiumRestricted Content

May 1, 2010
Norm Heikens
Designers of a walkway that connects the buildings are making the experience as attractive as possible in order to overcome the psychological barrier of moving from one building to another.
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Many retail locations plagued by vacanciesRestricted Content

April 24, 2010
Scott Olson
Vacancy rates unseen in 20 years are hampering efforts by developers.
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Timber industry seeks respect, profit from 'green' standards

March 6, 2010
Chris O'Malley
Why should bamboo imported from Asia or steel made through intensive use of energy be consider greener than locally grown trees? timber interests ask.
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Commercial brokers trying property management in hard times

February 20, 2010
Scott Olson
The commercial real estate slump is prompting several Indianapolis brokerages to add property-management services to their portfolios or bolster existing ones.
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Urban Land Institute chapter launches in IndianapolisRestricted Content

February 20, 2010
Cory Schouten
Chapter, heavily populated by developers, hopes to guide sustainable development.
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TROY: New law frees contaminated real estate from purgatory

February 20, 2010
Paul Troy
State environmental regulators now must consider leaving contamination in the ground so long as it doesn't threaten health
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ICVA chief: Downtown Indianapolis will need another big hotelRestricted Content

February 13, 2010
Scott Olson
The 1,000-room J.W. Marriott isn’t even finished and support already is emerging for a second downtown hotel that would rival it in size.
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Area hospital construction taking break after expensive binge

January 16, 2010
J.K. Wall
Observers expect a lull with inpatient facilities for five years or more, but continued proliferation of outpatient clinics and surgery centers.
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Property tax caps stand good odds in the 2010 legislative sessionRestricted Content

December 19, 2009
Norm Heikens
Lawmakers are likely to pass property tax legislation, which would send it to a voter referendum in November and potentially into the state constitution.
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Asking price for Hilbert estate drops below $10M

December 7, 2009
Andrea Muirragui Davis
After more than four years on the market, the Carmel estate built for Conseco Inc. founder Stephen Hilbert is listed at $9.9 million—less than half of the original asking price and a third of the $30 million it was estimated to be worth in 2001.
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Revived Marsh Supermarkets goes up for sale

December 5, 2009
Cory Schouten
Florida-based Sun Capital has completed the turnaround of Marsh Supermarkets and now is seeking a buyer for the home-grown chain. CEO Frank Lazaran told IBJ Sun will sell Marsh “when the market is right, financing is right, and someone is willing to pay a fair multiple.”
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Builder looks to cold storage for steady work in a weak economyRestricted Content

December 5, 2009
Brock Benefiel
Cold storage might become a hot business for a building contractor.
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City mulls 6 proposals for use of Old City Hall

December 5, 2009
Peter Schnitzler

Visions for the empty historic building range from offices to a museum. Two developers propose a boutique hotel on an adjacent parking lot. Video bonus: Tour the landmark's interior.

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Report: Simon considers sale of European properties

November 30, 2009
Cory Schouten
Simon Property Group Inc. may sell several of its properties in Europe to help raise funds for a possible bid for bankrupt rival General Growth Properties.
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Downtown life sciences corridor flagged for development

November 28, 2009
 IBJ Staff
A new task force is charged with making recommendations for development of the city’s downtown certified technology park.
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Topping off planned for JW Marriott hotel

November 28, 2009
 IBJ Staff
The 34-story hotel, the city's largest, is scheduled to open in 2011.
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WOJTOWICZ: Is it time to buy rather than lease space?Restricted Content

November 28, 2009
Jean Wojtowicz
Buying a building for your business is still possible in a tight lending market, but bankers will review real estate purchases carefully.
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Neighborhood revitalization group calling it quits

November 24, 2009
 IBJ Staff
BOS Community Development Corp., created in 1982 to revitalize the Indiana Avenue and Midtown area, says its mission is accomplished.
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