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Real estate deals
Amusement center set for Clearwater area
April 15, 2011
Cory SchoutenAn entertainment venue featuring a bowling alley, concert hall and restaurant is set to replace a vacant movie theater.
MoreRetail REIT profits may slip on store bankruptcies
April 11, 2011
Associated PressRetailer bankruptcies likely will weigh on earnings of retail landlords, especially those that own shopping centers and mid-quality
malls, an analyst said. But upscale mall owners like Simon Property Group should feel a smaller impact.
MoreWhitestown interchange lands $8M travel plaza
March 29, 2011
Cory SchoutenA growing distribution hub anchored by Amazon.com and MedcoHealth Solutions along Interstate 65 in Boone County has inspired
plans for an $8 million truck stop and travel plaza.
MoreIU Health cancels $73M project, acquires Gateway Plaza
March 26, 2011
J.K. WallIndiana University Health has canceled its plans for a $73 million administrative office building at 16th Street and Capitol
Avenue and has instead purchased the Gateway Plaza tower at 10th and Illinois streets.
MoreAltum’s staying put at current west Carmel location
March 23, 2011
Scott OlsonThe nursery on Michigan Road had planned to move to a smaller piece of land about four miles north, but hasn't found a buyer.
Kroger nixed a deal to buy its property last fall.
MoreMinneapolis firm buys Fishers business park
March 22, 2011
Scott OlsonMeritex purchased 306,408-square-foot business park out of foreclosure from Wells Fargo Bank. The previous owner, Kobra Properties,
had fallen into bankruptcy.
MoreRolls-Royce gives downtown office market a bounce
March 22, 2011
Tom HartonThe decision by Rolls-Royce Corp. to occupy Eli Lilly and Co.’s Faris office campus downtown headed off what could have
been a big spike in the central business district Class A office vacancy rate.
MoreRetail/office building planned for site at Fort Ben
March 19, 2011
Tom HartonSpeculative development is almost unheard of these days, but the Fort Harrison Reuse Authority is taking the plunge.
MoreVolunteers market growing retail space along East 10th
March 8, 2011
Francesca JaroszSix projects with more than 25,000 square feet of space will be completed this year and in 2012 along the 10th Street corridor,
which runs from near Rural Street east to Sherman Drive.
MoreLilly's master plan for downtown (real estate)
February 19, 2011
Cory SchoutenAs Eli Lilly and Co. outsources work and sheds unnecessary properties, it is making moves with surplus real estate that could
establish the strongest physical connection between Lilly and downtown since the company was founded at Pearl and Meridian
streets 135 years ago.
MoreGlick partners on $30M downtown apartment development
February 14, 2011
Cory SchoutenThe lead developer on a long-delayed proposal to redevelop the former Bank One Operations Center has landed a powerhouse partner:
apartment developer Gene B. Glick Co.
MoreCity agency signs off on North of South site plans
February 10, 2011
Scott OlsonRegional Center Hearing Examiner gives blessing to the $155 million development's master plan. Site plans will go before the
Metropolitan Development Commission on March 2.
MoreSt. Louis firm pursuing local retail, industrial properties
January 31, 2011
Tom HartonBianco Properties has purchased its fourth Indianapolis property in less than five years and is pursuing more deals here.
MoreBrenwick turns over commercial sales, leasing at Village of West Clay
January 25, 2011
Tom HartonAmbrose Property Group, a commercial leasing and development company headed by former Duke Realty Corp. broker Aasif Bade,
took over for Brenwick, which is primarily a residential developer, at the beginning of the year.
MoreLegislation seeks RFP option for selling state land
January 22, 2011
Cory SchoutenThe bill would allow the Indiana Department of Administration to sell real estate using a request for proposals, in addition
to existing options for competitive bids or an auction.
MoreInvestment firm buys former bank branch
January 22, 2011
IBJ StaffC.H. Douglas & Gray will relocate to 71st & College building previously owned by PNC Bank.
MoreMass Ave property owner gets foothold on Virginia Avenue
January 18, 2011
Tom HartonA downtown advocate who renovated and repopulated a commercial building on what was once a desolate stretch of Massachusetts
Avenue hopes to do the same on Virginia Avenue, where he just closed on the purchase of three contiguous commercial buildings
totaling 15,000 square feet.
MoreCouncil committee to consider North of South bonds
January 17, 2011
Scott OlsonApproval would let city issue $98 million in bonds to finance its portion of the $155 million North of South mixed-use project
set to be built on 14 acres north of South Street between Delaware Street and Virginia Avenue.
MoreWellPoint headquarters snags $42M
January 15, 2011
Cory SchoutenMassachusetts-based Franklin Street Properties acquired the Monument Circle headquarters of insurance giant WellPoint Inc.
late in 2010 for $42 million—a rich $196 per square foot—from an affiliate of locally based HDG Mansur.
MoreNot much optimism in commercial real estate outlook
January 13, 2011
Cory SchoutenAnother challenging year is in store for commercial real estate thanks to high unemployment, a still-struggling housing market
and an unforgiving credit environment, Cassidy Turley plans to report Thursday at its annual State of Real Estate event.
MoreTrail Side funding finally closes
January 11, 2011
Tom HartonFinancing for construction of a $10 million, mixed-use building at 875 Massachusetts Ave. closed Dec. 22, allowing developers
to proceed with the project after a funding snag nearly killed it.
MoreSimon target's valuation 'out of reach' for Indianapolis firm
January 7, 2011
Bloomberg NewsCapital Shopping Centres Group Plc, the U.K.’s biggest shopping mall owner, said it is worth as much as $9.64 a share
to a bidder, almost 50 percent more than an offer from Indianapolis-based Simon Property Group Inc.
MoreD-A Lubricant moving from Indianapolis to Lebanon
January 5, 2011
Scott OlsonCompany will purchase 23 acres and have Duke Realty Corp. build a 225,000-square-foot industrial facility in Lebanon Business
Park. The move should be completed by December.
MoreBrightpoint expansion includes three buildings
January 4, 2011
The distributor of wireless devices has completed its purchase of a 533,000-square-foot facility in the AllPoints Midwest
business park in Plainfield and is leasing a 200,000 square-foot building, also in Plainfield.
MoreLocal office market continues vacancy struggles
January 4, 2011
IBJ StaffThe Indianapolis office market suffered through a tough 2010, marked by stagnant and high downtown vacancy rates, falling
suburban occupancy rates and another year without construction activity.
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These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.
The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)
As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.
The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.
I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.