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Real estate deals
Chase Tower's $201M sale price sets record
July 14, 2012
Cory SchoutenA publicly traded real estate investment trust has agreed to pay $201 million for the tallest building in Indiana, a price
that could give a boost to the local investment market.
MoreMeadows neighborhood developer aims for retail
July 14, 2012
New housing, health facility could help attract grocer.
MoreLawrence Township finds buyers for surplus buildings
June 26, 2012
Tom HartonThe northeast-side school district has sold one building, has three offers for another and is seeking tenants for 100,000
square feet in a third building.
MoreWhitsett's Lockerbie project will be market rate
June 19, 2012
Tom HartonWhitsett was counting on selling state-issued affordable housing tax credits to finance the $27 million project, but it wasn’t
among the projects awarded credits.
MoreBuckingham recruiting tenants for CityWay office building
June 16, 2012
Structure to be built steps away from Rolls-Royce, Lilly and newly built apartments and retail space.
MoreSimon Property's revolving loan signals overseas deals
June 11, 2012
Bloomberg NewsSimon Property Group Inc., the world’s largest real estate investment trust, has increased its firepower for potential
global expansion with a $2 billion revolving line of credit in six currencies.
MoreMainSource Bank snags prime former Borders space
June 6, 2012
Cory SchoutenMainSource Bank plans to open its first Indianapolis branch in part of the former home of Borders at the southeast corner
of Meridian and Washington streets downtown.
MoreInterchange project changes retail prospects on west side
June 5, 2012
Tom HartonLand at the Waterfront Office Park that sat vacant for decades is now ripe for retail development thanks to the reconfiguration
of a west-side interstate interchange.
MoreProminent downtown buildings offered for sale
May 29, 2012
Tom HartonGreater availability of debt financing has spurred renewed interest in real estate deal-making. Chase Tower and Rolls-Royce's
downtown complex are for sale, while Capital Center is under contract.
MoreDeveloper Kite to remake key corner in Carmel
May 26, 2012
Cory SchoutenKite Realty Group Trust is planning a Rivers Edge-like overhaul of two shopping centers it owns at 116th Street and Rangeline
Road in Carmel. The Indianapolis-based real estate firm already has landed new tenants, including a natural and organic grocery
store and a handful of restaurants.
MoreFirst stage of $85M downtown project up for approval
May 22, 2012
Scott OlsonThe city is set to hear a request on Thursday by a local developer to build a five-story parking garage at the corner of New
York and Illinois streets downtown. The garage is part of a development that would be anchored by a Marsh store.
MoreRetail lineup taking shape for CityWay project
May 22, 2012
Cory SchoutenCityWay has landed a fine dining restaurant, a mixology bar, a Qdoba and a frozen yogurt shop as developer Buckingham Cos.
turns its attention to the retail portion of the $155 million mixed-use project.
MoreNew charter school proposed for North Meridian Street
May 4, 2012
Cory SchoutenAn Arizona charter school operator serving middle and high school students has filed plans to build a two-story school at
Meridian and 22nd streets.
MoreEarth Fare grocery replacing Borders at Hamilton Town Center
April 18, 2012
Cory SchoutenAn upscale supermarket chain focused on natural and organic products is taking the former Borders bookstore space at Hamilton
Town Center. The store will be the first in Indiana for the privately held chain.
MoreManufacturer plans distribution center in Plainfield
April 17, 2012
IBJ StaffWisconsin-based Regal Beloit Corp. has hired Browning/Duke Realty to build a 376,000-square-foot distribution center in Plainfield,
the company announced Tuesday.
MorePlans for Broad Ripple parking garage hit snag
April 9, 2012
Scott OlsonCity officials are recommending that construction of the $15 million parking garage and retail project be denied because the
property sits 4 feet below a flood plain.
MoreFrench mall operator looks to Simon for know-how
March 23, 2012
Bloomberg NewsSimon Property Group Inc.’s cutting-edge experience as the biggest U.S. mall owner will help Klepierre SA boost rental
income at its shopping centers, the French company’s CEO says.
MoreIrvington apartment, streetscape projects clear hurdles
March 20, 2012
Tom HartonTwo significant construction projects are closer to starting in Irvington, where the district’s East Washington Street
commercial corridor is bouncing back even as one of its key buildings faces demolition.
MoreDeal rekindles $45M downtown project
March 17, 2012
Cory SchoutenFormer partners in Kosene & Kosene Development have settled a legal dispute that jeopardized redevelopment of the vacant
former Bank One Operations Center downtown. Milhaus Development has until May 1 to begin construction.
MoreMass Ave restaurant plans clear first hurdle
March 9, 2012
The city's Historic Preservation Commission has approved rezoning and variance requests for two buildings sought by the owners
of Broad Ripple's Brugge Brasserie just south of the intersection of Massachusetts and Park avenues.
MoreSimon Property Group goes on $3.5B mall spending spree
March 8, 2012
IBJ Staff and Bloomberg NewsThe Indianapolis mall owner is expanding its global profile, agreeing to buy a controlling stake in a French firm with a 271-property
European portfolio. Simon also is buying out a partner in its Mills portfolio closer to home.
MoreDeveloper Broadbent loses fight to keep finances under wraps
March 7, 2012
Scott OlsonA newly public filing shows the co-founder of The Broadbent Co.'s net worth has fallen 60 percent, to $48 million.
MoreIndustrial spec development making a comeback
February 21, 2012
Tom HartonSpeculative development is returning to the modern bulk industrial market after a four-year drought, with at least two projects
preparing to break ground this spring and another in the works.
MoreDeveloper plans $15.7M senior-living center on east side
February 17, 2012
Scott OlsonThe city of Indianapolis approved the project after accepting Mainstreet Property Group's offer to purchase the property at
16th Street and Arlington Avenue for $912,500.
MoreForeclosure sought for downtown's Century Building
February 15, 2012
Scott OlsonThe lender claims owner Blue Real Estate defaulted on an $8.5 million loan on the historic building after failing to make
payments beginning in July 2011.
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If a television station wants to improve viewership, get rid of the local blackout. I was born by the brickyard, and have attended 15 or more races. I have children now, I won't attend unless circumstances are perfect. As those with growing families know, they never are. I'm always impressed that upwards of 250,000 people attend the 500. However, as a growing, or, more apt, sprawling city, Indianapolis and its immediate suburbs count almost 2.2 million. Show the race live, let the venue get a kick-back on revenues, and open-wheel racing might have a fighting chance to be relevant again. Just in time for those tax-payer lights to make sense.
John Moore, I too have had the same issue recently. A property next to my house was on the Land Bank and I was interested in purchasing. When I tried to contact Reggie, I got back emails that had nothing to do with what I asked about. Actually my latest response from him was on this past Friday. I had asked about how to buy the property and if it was still available. His response to me was to contact the mayor's office to get the schedule of his appearances. (???) Hopefully the city is able to do something to fix what this guy has done, it would be nice if they would take the properties back and sell them properly so land owners like me and you mother would have a fair chance.
I too work in the industry, with over 25 years of experience and your political spin has probably nothing to do with any rebranding. "Let's dress it up" would have nothing to do with the government "telling us how and what to eat." Give it a political rest. And being a producer for a radio show doesn't mean you've been involved in advertising and branding for 30 years.
Ms. Morris did not understand the ways of the business world, otherwise, like the IMS, she could have petitioned the State Legislature for a handout of State Funds for her charity work. Ms. Morris should consider becoming a state lobbyist for Lemonade Stand Operators.
David Copperfield!