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Real Estate
Developer buying Fountain Square building; museum lined up as tenant
October 30, 2009
Kathleen McLaughlinArchitect and developer Craig Von Deylen hopes to close by next week on the purchase of the Murphy Arts Center in Fountain
Square and is in the process of signing new tenants, including the Indianapolis Museum of Contemporary Art.
MoreState rejects high bid for 19-acre parcel near downtown
October 30, 2009
Cory SchoutenThe Indiana Finance Authority declined to sell a 19-acre development parcel between the White River and Fall Creek near downtown
Indianapolis after it received only two bids at an auction Thursday.
MoreSimon reports slight improvement in quarterly results
October 30, 2009
Cory SchoutenSimon Property Group Inc. reported slightly higher funds from operation for its fiscal third quarter, but FFO fell on a per-share
basis thanks to the company's issuance of more than 50 million new shares so far this year.
MoreNCAA approves $35M addition to Indianapolis headquarters
October 29, 2009
IBJ Staff and Associated PressThe NCAA executive committee on Thursday approved a $35 million addition to the governing body's headquarters in White River
State Park in Indianapolis.
MoreDuke Realty reports massive third-quarter loss
October 29, 2009
Cory SchoutenBig write-downs on raw land and projects under development led to a wide third-quarter loss for Duke Realty Corp.
MoreCenter Township seeks redevelopment bids for former YMCA
October 28, 2009
Cory SchoutenThe owner of the vacant former Fall Creek YMCA along West 10th Street is seeking bidders interested in tearing down the building
and redeveloping the prime 2-acre site.
MoreWith airport hotel stalled, Hendricks County makes its move
October 27, 2009
Cory SchoutenHendricks County's moves to entice a developer to build a conference hotel in Plainfield could further crimp plans
for
a
hotel attached to the new Indianapolis International Airport terminal.
MoreLilly to move 1,000 from Faris campus
October 26, 2009
J.K. WallAs it shrinks its work force, Indianapolis-based pharmaceutical firm Eli Lilly and Co. will move more than 1,000 employees
to its corporate
center
by mid-2010.
MoreHendricks County offers land for hotel development
October 26, 2009
IBJ StaffThe Hendricks County Convention and Visitors Bureau said Monday that it is asking for proposals to develop a full-service
convention hotel on up to 18 acres in Plainfield at the intersection of Interstate 70 and Highway 267.
MoreOpportunists hunt deals in commercial real estate
October 24, 2009
Cory SchoutenJust about every player in the real estate business—whether individual investor, private-equity fund or publicly
traded company—is trying to raise capital to take advantage of what they see as an inevitable shakeout in commercial
property.
MoreLandmarks Foundation president is living with history
October 24, 2009
Katie MaurerAs president of the Historic Landmarks Foundation of Indiana, Marsh Davis is surrounded by history every time he goes to
work. It also greets him when he comes home. Davis and his family live in a 100-year-old Prairie-style, Meridian-Kessler Neighborhood
home that they have filled with Mission
furniture, family heirlooms and quirky artifacts.
MoreFewer home-building permits signal weakness ahead
October 20, 2009
Associated PressApplications for home-building permits, a gauge of future construction, fell in September by the largest amount in five months.
MoreSecond developer facing foreclosure on Fishers property
October 20, 2009
Scott OlsonThe developer of the proposed $80 million project is facing foreclosure on the property at the same time adjoining land critical
to the project's development has been scheduled for liquidation by a lender.
MoreVirginia homebuilder enters market
October 17, 2009
IBJ StaffHome-building powerhouse Ryan Homes is marketing lots in 10 subdivisions it has taken over from the defunct local builder
CP Morgan Communities.
MoreFirst-time buyer tax credit isn't moving pricier homes
October 17, 2009
Cory SchoutenThe incentive has not generated a hoped-for boost in sales of homes at higher price-points. About 30 percent of the sales
eligible for the tax credit are foreclosures, meaning the seller likely won’t buy another home.
MoreDuke Realty to unload local land holdings at auction
October 17, 2009
Cory SchoutenThe locally based company plans to raise millions of dollars by selling nine undeveloped
tracts in Indianapolis, Fishers, Plainfield and Lebanon.
MoreBloomington mayor to roll out chain-store ordinance for downtown
October 17, 2009
Kathleen McLaughlinBloomington Mayor Mark Kruzan believes this beloved college town loses a bit of its identity every time a national chain sets
up shop.
MoreArea building permits fall for 23rd straight month
October 16, 2009
The number of building permits issued in the nine-county Indianapolis area fell 20 percent in September from the same time
last year, marking 23 consecutive months of declines.
MoreState seeks at least $6.5M for 19-acre site
October 15, 2009
IBJ StaffThe Indiana Finance Authority said Thursday it plans to auction off a vacant 19-acre development parcel between the White
River and Fall Creek near downtown Indianapolis.
MoreFishers water park developer hopeful despite setback
October 15, 2009
Scott OlsonThe developer of a proposed hotel and water park in Fishers remains optimistic the project will get finished, despite the
latest setback delaying the start of construction by at least two years.
MoreCity strengthens building-permit process
October 14, 2009
Scott OlsonThe pre-permit review could add nearly three weeks to the current permitting process
MoreO'Malia's closing northside market after 33 years
October 13, 2009
Cory SchoutenThe O'Malia's Food Market near 56th Street and Emerson Avenue will close for good this weekend after a 33-year run.
MoreShopping center vacancies continue to climb
October 12, 2009
Scott OlsonVacancies at U.S. shopping malls and retail strip centers have climbed to steep levels, a trend that Indianapolis-based commercial
real estate companies Simon Property Group Inc. and Kite Realty Group Trust haven't been able to dodge.
MoreGrocery, housing projects could rejuvenate stretch of 16th Street
October 10, 2009
Cory SchoutenA troubled low-income housing project has a new owner with plans to redevelop the complex to better
connect with the Herron Morton Place neighborhood. Next door, Kroger has revived efforts to acquire
land and plan a new supermarket to replace a cramped, old-format location.
MoreIndustrial real estate holding up during downturn
October 10, 2009
Industrial real estate in Indianapolis hasn’t escaped a bumpy ride caused by the recession, but it has managed to
withstand turbulence better than the office and retail sectors.
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It's also across the street from Fogo de Chao and Morton's....
Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
David Copperfield! I remember watching his specials on TV when I was little.
Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.