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Real estate deals
Site chosen for proposed Westfield sports complex
September 28, 2010
Anthony SchoettleThe Hamilton County sports and recreation campus—known as the "Family Sports Capital of America"—is expected to
occupy 300 acres and cost millions to fully develop.
MoreBPG sells trio of Keystone Crossing buildings
September 27, 2010
An affiliate of Pittsburgh-based PWA Real Estate LLC snapped up the three buildings for $15.5 million. The largest totals
more than 100,000 square feet and houses such tenants as General Casualty Co., 20/20 Institute and M/I Homes.
MoreREITs use stock sales to grow after paying debt
September 26, 2010
Bloomberg NewsU.S. real estate investment trusts, including Indianapolis-based Duke Realty Corp., are selling shares to fund property acquisitions
after using record cash from equity offerings last year to reduce debt and cover dividends.
MoreHoosier Lottery moving to Meridian Street building
September 21, 2010
Tom HartonThe lottery will move in January to the Buick, a 60,000-square-foot building at 13th and Meridian streets owned by principals
of Shiel Sexton Construction.
MoreHarding Dahm drops Grubb & Ellis, strikes merger deal
September 20, 2010
IBJ StaffHarding Dahm & Co., which ranked sixth on IBJ’s most recent list of commercial brokerages, will become
Lee & Associates Indianapolis. Terms of the deal were not disclosed.
MoreChurch with rich history sues to shed 'historic' label
September 18, 2010
Greg AndrewsThe designation scotched a deal with CVS that would have funded construction of a new church at another location.
MoreE-mail marketer ExactTarget taking more downtown space
September 11, 2010
Cory SchoutenThe company has inked a deal to take the entire seventh floor of the Century Building at 36 S. Pennsylvania St., and may take
additional space on two other floors.
MoreCanadian company buying 12 Crystal Flash stores
September 10, 2010
Alimentation Couche-Tard Inc. said on Friday that it expects to complete the acquisition of a dozen Indianapolis stores this
month. Couche-Tard is the largest independent convenience store operator in North America.
MoreEstridge drops Westfield sports complex, still plans stadium
September 3, 2010
Scott Olson, Cory SchoutenThe Estridge Cos. has withdrawn a proposal to build a massive youth sports complex in its master-planned Symphony development
in Westfield.
MoreProperty at busy crossroads finally attracts buyer
August 31, 2010
Tom HartonEnvironmental and zoning issues had made the property at the southwest corner of Keystone Avenue and Kessler Boulevard difficult
to sell.
MoreMetropolis mall purchased by Israel firms
August 30, 2010
Aviv Arlon Global Ltd. pays $52 million for shopping center, which was in court-appointed receivership. Former real estate
firm Premier
Properties USA Inc. developed Metropolis, with an investment of $160 million.
MoreReverie Estate buys another downtown Indianapolis apartment building
August 28, 2010
IBJ StaffThe prolific developer of urban apartments plans to turn the building into an affordable artists’ community.
MoreGirl Scouts selling Zionsville tract, three others
August 10, 2010
Tom HartonThe decision by Girl Scouts to divest the camps follows a consolidation among Girl Scouts councils nationwide in 2007 that
left the local council with a much bigger service area and more real estate.
MoreHoliday Inn to hit auction block with $1M opening bid
July 26, 2010
Cory SchoutenA Holiday Inn hotel along Interstate 69 just north of 96th Street in Fishers is scheduled to hit the auction block next month
with a suggested opening bid of $1 million.
MoreCharter school moving to former Children's Guardian Home
July 20, 2010
Scott OlsonCity leaders will officially announce Wednesday morning that Irvington Preparatory School will occupy the children's home,
which closed in June of last year. The school has signed a 15-year lease with the city.
MoreDeadline approaches for Richelieu offers
July 20, 2010
Tom HartonJohn Jacobs and a Cleveland-based partner have put a Friday deadline on offers for the 62-unit Richelieu apartments, a two-building
property at the intersection of North and East streets and Mass Ave.
MoreAppraisers have little to go on in tough deal market
July 6, 2010
Tom HartonUntil the market stabilizes, appraisers will be operating in an environment where 20 to 50 percent drops in property values
aren’t uncommon.
MoreGreenwood mobile home park sold to Illinois firm
June 24, 2010
Indy Mobile purchases 527-lot Friendly Village through a court-appointed receiver.
MoreFort Ben home, condos fail to sell at auction
June 24, 2010
Cory SchoutenAuction turns up no buyers for the former home of the commanding general at Fort Benjamin Harrison and four condominiums at
the old Army base.
MoreDuke Realty buying out joint venture partner for $298M
June 16, 2010
IBJ StaffDuke Realty Corp. plans to buy out its partner in a joint venture that owns 106 industrial buildings in the Midwest and Southeast,
the Indianapolis-based company announced Wednesday.
MoreCircle Centre sues restaurant Bella Vita over unpaid rent
June 11, 2010
Peter SchnitzlerItalian restaurant that took over high-profile mall space in January is being sued by the landlord for $96,523.23.
MoreProposed development near Lilly campus could include hotel
June 8, 2010
Indianapolis developer Buckingham Cos. is in discussions to build a mixed-use development that could include apartments, shops,
office space, and a hotel and conference center.
MoreFort Ben home, condos headed to auction
June 8, 2010
Tom HartonThe former home of the commanding general at Fort Benjamin Harrison and four condominiums at the old army base are being auctioned
June 17, a reflection of the difficulty of selling high-end condos in a soft real estate market.
MoreDunkin, Baskin-Robbins eye closed Meridian Street cafe
June 5, 2010
IBJ StaffThey will take over the former home of Bonjour Cafe & Bakery if the owner wins city approval to add a drive-through.
MoreGirl Scouts of Central Indiana moving to new headquarters
May 29, 2010
IBJ StaffCEO Deborah Hearn Smith said the move will eventually bring a cost savings, but it has other benefits.
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"And the success of the Indiana GOP to not allow an expansion of Medicaid had nothing to do with Indiana hospitals' financial woes? Fixed that for you; editorial bias rebalanced. Seriously, there are so many things wrong with Obamacare that the only way one can view it as a success is to assume that it was designed to fail our way into a government single payor healthcare system. The system is complex, creates huge regulatory burdens and overhead and yet still does not have adequate means to control escalating health care costs. But then when you elect a 10th grade math drop out with no quantitative reasoning skills to be President of one of the world's most important economies in troubled times, you can't really be surprised by blatant stupidity.
No NIMBYs here to chase off a decent development. We don't need tons of parking and we'd happily play the role of host to a downtown Whole Foods.
Whatever you do, don't change a single thing about Broad Ripple. I want it to look just like it did in the late '70s, with 30% of the north side of Broad Ripple Avenue burned out and plenty of places to park. That's right Broad Ripple, NEVER CHANGE. Let the world pass you by, don't improve your empty, abandoned lots full of weeds. Someday someone will want to film a zombie movie here.
Hollywood could step in and make a movie about the history about this forlorn series. It could be a full celebrity cast of characters. WOW. http://www.advanceindiana.blogspot.com/2013/02/indiana-taxpayers-forced-to-pay-for.html
This shouldn't come as a shock to many. Austin is a great city, and Indy needs to take some notes. Austin invests in decent transit options, has a highly educated workforce, embraces a creative class, and --despite being the state capital-- is not micromanaged by rural and suburban legislators. Want Indy to grow? Invest in the city (i.e. spend money). Raise taxes a bit, and use the money to improve education. And keep the state legislature out of Indy the other 9 months of the year.