Real Estate & Retail

Developer plans $9.1M project on Fountain Square lot

September 30, 2014
Scott Olson
City officials have selected Deylen Realty's proposal to build a five-story apartment-and-retail project on a surface parking lot the city has owned for years.
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Southeast-side CDC names new president

September 30, 2014
Southeast Neighborhood Development Inc. selected a veteran city official to take over the position from its current president, who is retiring.
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Cumberland eyes pavilion for markets, festivals

September 30, 2014
Associated Press
Town officials are eyeing a $1 million project to turn the former Schreiber Lumber pavilion near Carroll Road into a trailhead to host farmers markets, festivals, fundraisers and more.
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Developer plans 4-story addition to Mass Ave. office building

September 30, 2014
Scott Olson
Gershman Partners, which bought the Marott Center less than a year ago, wants to build the addition on an adjacent surface lot.
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Washington Square Mall losing biggest tenant

September 29, 2014
Jeff Newman
Sears Roebuck and Co. plans to close its 194,680-square-foot anchor store in early December, the retailer confirmed Monday. A liquidation sale began Friday.
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Reservoir talk not moving Mounds shopping mall

September 29, 2014
Associated Press
Mounds Mall leasing official Jesse Wilkerson said new tenants are being actively sought for the mall, but it is exploring options for relocating, if necessary.
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The Interview Issue: Glenn Lyon

September 27, 2014
Scott Olson
Four holes-in-one for The Finish Line CEO, and counting.
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The Interview Issue: Mike Cunningham

September 27, 2014
Lou Harry
Mike Cunningham's Cunningham Group is a dominant force in Mass Ave, with Mesh, Bru Burger and, most recently, Union 50 added to the portfolio.
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Local Kmart closings part of Sears' ongoing woes

September 26, 2014
Jeff Newman
The planned closings of two Kmart stores in Indianapolis are part of a wave of national closures prompted by the ongoing struggles of parent company Sears Holdings Corp.
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Ambrose plans $90M distribution development in Plainfield

September 26, 2014
Jeff Newman
Ambrose Property Group has acquired 85 acres near the Indianapolis International Airport where it plans to spend $80 million to $90 million to develop two distribution centers as large as 1 million square feet each.
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Finish Line shares fall after quarterly results miss mark

September 26, 2014
 IBJ Staff and Bloomberg News
Shares in The Finish Line Inc. dropped as much as 12 percent Friday morning after the company reported second-quarter earnings and revenue that fell short of analyst expectations.
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Second suit filed over Wal-Mart PCB contamination

September 25, 2014
Indiana Lawyer Staff
The class-action suit seeks compensation for any worker injuries resulting from exposure to PCBs discovered in the retailer's return center on the east side.
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Jimmy John’s says hacker stole credit-card data at 216 stores

September 24, 2014
 Bloomberg News and IBJ Staff
The data breach affected a dozen stores in Indiana, including four in Indianapolis and one in Carmel.
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ExactTarget parent wants to build office tower in Indianapolis

September 23, 2014
Jared Council
The CEO of Salesforce.com, which purchased ExactTarget for $2.5 billion last year, told IBJ on Tuesday morning that the firm was looking for the right opportunity.
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Solana apartment complex sells for $60.5 million

September 23, 2014
Mason King
The sale by Indianapolis-based developer Milhaus is just the latest chapter in the twisty story of the high-end development, which is at the southeast corner of East 78th Street and Keystone Avenue.
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Prolific Fletcher Place developer tackling another project

September 23, 2014
Scott Olson
Demand for office space in the neighborhood is driving Deylen Realty's $1.2 million redevelopment of a building on South College Avenue that originally housed a bowling alley.
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Meijer planning to build store in Glendale area

September 22, 2014
Scott Olson
The big-box retailer wants to create a 200,000-square-foot store at the southwest corner of 56th Street and Keystone Avenue in a project that would dramatically recast a section of one of the city's busiest commercial corridors.
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U.S. home sales snap 4-month streak of gains

September 22, 2014
Associated Press
Fewer Americans bought homes in August, as investors retreated from real estate and first-time buyers remained scarce.
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Commercial Real Estate Power Breakfast transcriptRestricted Content

September 20, 2014
Indianapolis Business Journal gathered leaders in the state's commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 13.
Among the topics the panel discussed were the factors driving downtown growth, which types of office space are in demand, the types of projects being built, and how the industrial sector has sustained its strength.
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New warehouses in Indianapolis area cater to consumers

September 20, 2014
Scott Olson
Several sprawling distribution centers have been built, or are under construction, to ship directly to consumers.
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HOHMANN: Whatever happened to the fab 16 Tech?

September 20, 2014
Abbe Hohmann / Special to IBJ
Strong leadership is needed for the urban Indianapolis tech park to hit its high potential.
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ROBINSON: Downtown vacancies will plunge soonRestricted Content

September 20, 2014
John Robinson / Special to IBJ
Something’s happening in downtown Indianapolis that I’ve never seen in my 25 years as a commercial real estate broker here.
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Second-quarter commercial real estate statistics for IndianapolisRestricted Content

September 20, 2014
Read statistics on Indianapolis area multi-office vacancy rates and the local industrial market.
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Skjodt plotting $25 million sports complex

September 20, 2014
Anthony Schoettle
Paul Skjodt, owner of the now-dormant Indiana Ice hockey team, has secured an option on 92 acres in a busy northwest-side corridor for a $25 million multi-use sports complex.
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One Click prunes e-commerce sites, launches eyewear brandRestricted Content

September 20, 2014
 IBJ Staff
One Click Ventures, known for its variety of e-commerce sites, recently launched a new website and sold off others as it strives to meet hiring goals tied to economic development incentives.
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  1. On my rental property, before tax caps, I was paying $2,000/yr in property taxes. After the tax caps I'm paying $4,000/yr. How exactly am I "benefiting the most"?

  2. Nick, I too tried that new Walmart NM on Michigan a couple of weeks ago. I had the same feeling, it had good prices, but something was just off about it. I can't put my finger on what it is, but it just didn't feel right. On the plus side, it was easy to get in and out of and much less busy than a typical Walmart.

  3. @Young Hoosier - you might want to check out the Paris skyline again....it's decidedly taller than 7-8 stories http://all-that-is-interesting.com/paris-skyline-photo

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  5. So the GOP legislature passed a bill that gave big breaks to business at the expense of Indiana families. Color us not surprised.

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