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Real estate deals
Incentives draw industrial developer to AmeriPlex
June 18, 2013
Scott OlsonA city tax abatement has led Atlanta-based Industrial Developments International to build a 794,608-square-foot speculative
building in AmeriPlex and to plan construction of another, 460,000-square-foot building there.
MoreWoodard sells Canterbury Hotel to Ohio firm
June 11, 2013
Scott OlsonLocal businessman Turner Woodard had owned the upscale downtown hotel since 2010. Terms of the deal with Columbus, Ohio-based
RockBridge Capital LLC, a hotel investment firm, were not disclosed.
MoreAT&T building's new owner targets first-floor retail
June 11, 2013
Scott OlsonGeis Properties, a division of Streetsboro, Ohio-based Geis Cos., purchased the 558,000-square-foot building for $16.5 million
late last month from AT&T, which is reducing its downtown presence.
MoreBank seeks to foreclose on architectural firm’s HQ
June 3, 2013
Scott OlsonKeyBank has filed a lawsuit against A2SO4 Architecture and is asking a judge to appoint a receiver to manage the property
at 540 N. College Ave. The bank says it is owed nearly $1 million.
MoreCornerstone, partners reap $120M selling medical properties
June 1, 2013
Cornerstone plans to use sale proceeds to help finance projects in the works in Indianapolis, Noblesville, Bloomington and
West Lafayette, in addition to one in Mississippi.
MoreFishers buys properties, moves dirt to draw developers
May 28, 2013
Andrea Muirragui DavisOfficials have quietly struck deals with more than a half-dozen property owners in the triangle-shaped targeted area west
of Lantern Road, east of the railroad tracks and north of 116th Street.
MoreHorizon Bank gains access to Mass Ave with building purchase
May 28, 2013
Scott OlsonMichigan City-based Horizon Bank bought the two-story building at 302 N. Alabama St. for $1.5 million and is embarking on
a "substantial" investment in the property.
MoreSt. Vincent sports practice to fill vacant Clay Terrace big box
May 21, 2013
Scott OlsonSt. Vincent Sports Performance will occupy a building in Clay Terrace originally occupied by Circuit City.
MoreAthenaeum weighs bids for surface lot redevelopment
May 18, 2013
Scott OlsonThree developers are competing to build a mixed-use project likely to include a parking garage on a surface lot adjacent to
the historic Athenaeum building.
MoreOesterle sells land to Angie's List, reaping millions
May 18, 2013
Chris O'MalleyAngie’s List Inc. CEO Bill Oesterle has collected millions of dollars over the years by renting to the company property
for its campus along East Washington Street. Now, the landlord and chief executive is pocketing millions more by selling Angie’s
the property, at well above its assessed value.
MoreDowntown Lilly building fetches $90 million
May 16, 2013
Scott OlsonAmerican Realty Capital, a real estate investment firm based in New York City, bought the building on South Meridian Street
occupied by Rolls Royce Corp. Lilly vacated the facility in 2010.
MoreWhitsett goes big with Star project
May 10, 2013
Scott OlsonA local developer plans to tear down part of the Indianapolis Star’s downtown headquarters while saving most
of the building in a redevelopment that calls for 350 apartments—more units than the massive CityWay.
MoreDeveloper shelves plan to buy city land, build Meijer
May 6, 2013
Scott OlsonOpus Development Corp.'s proposal for the project north of downtown included buying and bulldozing dozens of historic homes
in the Flanner House neighborhood.
MoreDevelopers finish first project, shift focus to downtown deal
April 30, 2013
Scott OlsonDrew Loftus and Kyle Robinson are wrapping up their first project, in Broad Ripple, and have bought another building, this
one downtown. A well-known architectural and design firm is slated to be the building's tenant.
MoreOwnership snarl resolved, Illinois Building on block
April 27, 2013
Scott OlsonAn affiliate of locally based HDG Mansur has owned the 10-story building at Illinois and Market streets since the 1980s. It’s
sat empty for 10 years, thanks in large part to separate ownership of the building and the land—an arrangement once
common among downtown buildings.
MoreDowntown's historic Century Building set for sheriff’s sale
April 26, 2013
Scott OlsonThe 112-year-old office building will return to the market in a precarious position, as a major tenant plans to depart.
MoreCalifornia firm snaps up downtown office towers
April 10, 2013
Scott OlsonHertz Investment Group has closed on its purchase of the 650,000 square-foot, two-tower Capital Center and its 525-space underground
parking garage.
MoreDeveloper to move HQ to Carmel, create 25 jobs
April 8, 2013
Mason KingFast-growing Mainstreet Property Group will invest $800,000 to lease and equip offices at 14390 Clay Terrace Blvd.
MoreAs city budget tightens, Center Township trustee has money to burn
April 6, 2013
Kathleen McLaughlinIBJ SPECIAL REPORT: Center Township lowered its bank balance in 2012, to $6.7 million, but the biggest checks Trustee Eugene
Akers wrote weren't for emergency needs like food or shelter, the township’s main mission.
MoreCity to buy key parcel for 16th Street tech corridor
April 6, 2013
Scott OlsonThe city of Indianapolis is poised to pay Citizens Energy Group $6.5 million to buy a key parcel of real estate it’s
targeting as the centerpiece of its ambitious 16 Tech project.
MoreTough times didn't spur spike in poor relief
April 6, 2013
Kathleen McLaughlinHeading into the 2008 recession, Center Township sat on $10.5 million in cash, but sky-high unemployment and rising poverty
over the next four years failed to drain those funds, and the disconnect persists in several area townships.
MoreWhitsett bids to redevelop Star headquarters
April 1, 2013
Scott OlsonOne of the city's most prolific developers of affordable housing hopes to buy the Indianapolis Star headquarters
to redevelop the property into apartments or condominiums.
MoreBru, Mesh owner planning third eatery in Mass Ave neighborhood
March 26, 2013
Scott OlsonMike Cunningham has signed a letter of intent to buy a building at 620 N. East St. that he said would house a "new American
diner."
MoreGeico service center to create up to 1,200 jobs in Carmel
March 18, 2013
Mason KingThe insurer will invest millions to lease, renovate and equip a 109,000-square-foot customer service center at 101 W. 103rd
St. It plans to begin hiring immediately, and bring up to 1,200 new jobs by 2016.
MoreInvestor places first bet on Zionsville's Main Street
March 12, 2013
Tom HartonEric Bretzman, an engineer for Chip Ganassi Racing, closed March 1 on the purchase of 40 S. Main and negotiated a new long-term
lease with il Villagio, an Italian restaurant that has operated in the 4,000-square-foot building for 10 years.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!