January 24, 2012
Tom HartonThe 86,634-square-foot building that houses a Kohl's department store fetched $15.3 million, or about $177 per square foot,
according to a CoStar Group report.
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January 10, 2012
Tom HartonOwners of Broad Ripple’s Brugge Brasserie want to bring a new restaurant concept to the Massachusetts Avenue district
downtown, where they also plan to relocate the craft brewery that supplies beer to Brugge.
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January 7, 2012
IBJ StaffThe organizer of the IndyFringe Festival bought the building it has rented for three years and is raising money to expand
it.
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January 3, 2012
Cory SchoutenA local developer and historic preservation group have teamed up to save a 1913 apartment building near the Children's Museum
from demolition.
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December 31, 2011
IBJ StaffThe one-story structure will serve as a studio and headquarters for Axis Architecture + Interiors and Rundell Ernstberger
Associates LLC.
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December 27, 2011
Tom HartonMany projects we reported on here over the past year are still in progress, confirming that the real estate market is still
sluggish.
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December 22, 2011
Buyer Rick Coombes also owns the building at 111 S. Meridian St., the former home of Brenner Luggage, located just north of
where the religious store operated for decades.
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December 20, 2011
Tom HartonThe private school recently bought the 5.7 acres north of its campus that Dr. Bill Nunery, a local ophthalmologist, had planned
to develop into an upscale residential enclave known as Grace Hill.
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December 17, 2011
Cory SchoutenSeveral state employees openly questioned how John Bales' real estate brokerage did business long before the FBI launched
an investigation that led to his indictment.
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December 13, 2011
Scott OlsonThe controversial project is a $15 million, three-story garage that the city of Indianapolis will subsidize with $6.3 million
in parking meter revenue. The project also features a retail component, which neighbors say will lead to increased traffic.
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December 13, 2011
Tom HartonMerchants Pointe, a two-building office/retail development at 116th Street and Keystone Parkway, is getting a fresh start
after major road construction drove away tenants and caused a previous owner to default.
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December 7, 2011
Cory SchoutenDowntown building owners are looking to cash in on the upcoming Super Bowl by selling space for massive temporary advertisements.
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December 6, 2011
Tom HartonThe number of transactions has more than doubled compared with last year, a spike in deal flow caused by healthy occupancy
rates and a combination of ample supply and low borrowing costs.
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November 22, 2011
Cory SchoutenThe developer of downtown's Cosmopolitan on the Canal is nearing a deal to sell a stake in the building to an investor in
a move that could free up capital to launch a $24 million second phase.
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November 19, 2011
Cory SchoutenA real estate brokerage picked by the city to spearhead redevelopment of a prime Mass Ave parcel occupied by the Indianapolis
Fire Department stands to collect a million-dollar-plus payday if it closes the deal.
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November 5, 2011
Cory SchoutenMost buyers are bottom-fishers, investors looking for better returns or companies wanting their own building.
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November 5, 2011
Greg AndrewsInvestors have bid up shares of Duke Realty 13 percent since the company announced it was selling a huge portfolio of office
buildings for $1.1 billion.
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October 29, 2011
IBJ StaffVeritas Realty is betting more restaurants and retailers are interested in opening stores near Nordstrom Rack and The Container
Store.
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October 21, 2011
IBJ StaffThe sale includes buildings with a combined 10.1 million square feet of space in Atlanta, Chicago, Columbus, Dallas, Minneapolis,
Orlando and Tampa. None of the properties are in Indiana.
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October 20, 2011
An auction to liquidate the downtown entertainment complex will be held Oct. 26 to sell more than 100 arcade games, a nine-lane
bowling alley and 12 pool tables. Jillian's operators owed the landlord roughly $700,000 in unpaid bills.
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October 20, 2011
Scott OlsonCBRE Inc. accuses the local hospital system of cheating it out of consulting fees that could top seven figures related to
several building projects.
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October 18, 2011
Tom HartonA couple from suburban Houston bought the 187-room Ramada Inn in an online auction for $1.3 million and have rebranded it
as ExtendASuites.
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October 8, 2011
Cory SchoutenCall it Extreme Makeover: Holy Rosary. Just about every building and corner along a four-block stretch of Virginia Avenue
in this historic neighborhood southeast of downtown is under construction or will be soon.
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September 20, 2011
Tom HartonThrough the first eight months of this year, there were at least seven sales of large industrial properties in the market,
compared with zero last year.
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September 6, 2011
Cory SchoutenThe buyers of former IPS School 64 stand to make hundreds of thousands of dollars if they manage to flip the property they
bought for just $20,000.
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Members must realize if you stop paying your dues you will lose. Why else would your employer honor the rtw bill. Before you take this step think about what you may be giving up in the long run. Very little of your dues money goes to any dem candidate. YOu will never know how much your republican employer gives his party with money he could be paying the employee. Who will step up and demand better wages or benefits if you have no representation. Union is the way for a better life. Our carpenter union offers a 4 year apprenticeship and 2 year degree from Ivy Tech all paid for with union dues . This is a great opportunity for kids who cant afford schooling after high school. The same opportunity is there for any person,any age, either sex to provide a better living for their family. Pension, anuity, health insurance all for your dues. How is this a bad choice.
The FDIC is funded by assessments paid by banks, not taxpayers. That is not to say that bank customers don't ultimately pay the cost because, in the end, banks don't survive if they don't make profits.
SCB Bank's failure is expected to cost the government $33.9 million,dont you mean middle class another bailout our government has no money
Diogenes, the company did not call "pro-life" statements inflammatory. The IBJ article used the words "pro life."
All, the company did, is what it should do which is apologize profusely for offending people with a program that offered statements that support an infamous apartheid proponent, Dr. Verwoerd, suggest that sometimes rape is justified, and quote Biblical text to people, not looking for it.
If this is what you think is "insanity" then more companies need to behave insanely.
I totally disagree with $45mil being given to the state Attorney General's office. That money is a waste. All of the money should go to help the homeowners & the people who were foreclosed on. Why such a big percentage to state govt? They'll get to start another agency staffed with people who have new-found power & don't care about the people they serve. As soon as the program was announced, I knew the states would end up with a huge chunk of the money for themselves that would just be squandered. Or maybe Mitch Daniels will just happen to "find" another big chunk of money that was "posted in the wrong section of the state's books."