Recent Blog Posts

Afternoon kaffeeklatsch

April 26, 2007
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What better way to wake you up on a rainy Thursday than with a little coffee news? Here goes: Borders plans to transform its coffee shop and cafe downtown into a Seattle's Best Coffee, which is set to open in...
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Already regulars at Capital Grille

April 26, 2007
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Indianapolis Downtown Inc. Director of Real Estate Terry Sweeney doesn't normally play favorites. But it's a different story with Capital Grille. He's dined at the new restaurant attached to the Conrad Indianapolis four nights in a row. Property Lines got...
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The lure of tapas

April 25, 2007
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How strong is it? The owners of a new BARcelona Tapas restaurant think it's strong enough to overcome a risky downtown location at the northeast corner of Delaware and Ohio streets. The...
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Curious price estimates?

April 25, 2007
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A self-imposed MSA moratorium begins after this post. But I can't help but ask: How is it that the taller, more ambitious proposal for the Market Square Arena site costs $20 million less? The $130-million proposal for MSA calls for...
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Taxpayers' MSA price uncertain

April 24, 2007
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Neither of the teams hoping to redevelop the Market Square Arena site mention a specific figure for city incentive in documents filed with the city, but both say they need public money to make their projects work. In the $150-million...
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Your turn: FBI project perplexes

April 24, 2007
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The real estate community has been buzzing of late about the intrigue surrounding a new FBI field office planned for Castleton. What do you think? As IBJ reported, the U.S. General Services Administration awarded the $38-million project to a Missouri-based...
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Driving Tour: North Keystone

April 23, 2007
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Even if you haven't driven North Keystone lately, you know the big story here is Glendale. Fences are up and demolition has begun. Locally based Kite Realty Group is transforming the enclosed...
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Michigan Road land under contract

April 23, 2007
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Development plans could be in the works for another large piece of land along Michigan Road. The 18-acre North Park Masonic Lodge property at 5555 Michigan Road is under contract. The lodge is selling the property without a broker. In...
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What you crave

April 20, 2007
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Never fear, White Castle fans. The downtown location at 16th and Illinois streets, which is closed and surrounded by a fence, apparently will soon serve sliders again in a shiny new White Castle building with nicer landscaping. Changes are coming...
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Downtown getting home shops

April 20, 2007
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People living downtown won’t have to wait for a proposed Target to go home shopping closer to home. Carson Pirie Scott is renovating 25,000 square feet of its space on the third floor of Circle Centre mall for a new...
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No deal yet on JW Marriott

April 19, 2007
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The city and two local developers still are working on an agreement for a $250-million hotel complex including a JW Marriott near White River State Park. The parties had hoped to reach agreement by April 1. There are no hangups...
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Office Space, anyone?

April 19, 2007
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There's plenty available. New numbers from Colliers Turley Martin Tucker show office vacancy rates all over the city rose in the first quarter of 2007. Downtown's vacancy rate took a beating again, rising...
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Your turn: MSA

April 18, 2007
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Only two teams are competing to redevelop the Market Square Arena site, fewer than many had expected. Both proposals call for mid-rise projects that would include retail and residential components. Check out the renderings and more details below. What does...
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Target proposed for MSA site

April 18, 2007
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A partnership of Hearthview Residential, Mansur Real Estate Services, Lauth and Venture Real Estate has proposed a complex including a 14-story tower along with a Target store, office space and condos for the...
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Kosene pitches towers

April 18, 2007
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A $130-million retail and residential complex with two towers on either side of Market Street is one of the proposals expected today for redevelopment of the Market Square Arena site. Proposals are due at noon.Chase...
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                           <h2><a href="/msas-big-day/PARAMS/post/1193">MSA
April 18, 2007
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Bids for redevelopment of the Market Square Arena site are due at noon today. Who will file? What will they propose? Share your thoughts here, and check ibj.com and this blog for updates all day.
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Update on Canterbury sale

April 17, 2007
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Has anyone heard who might be interested in buying the Canterbury Hotel? IBJ reported this week that the owners of the 99-room property are negotiating to sell. You can read our story here. Sources are telling Property Lines...
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Good morning

April 17, 2007
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We've officially launched IBJ's first blog. As you can see, it's called Property Lines. The topic is real estate. The idea is to create a forum for real estate enthusiasts. I hope you'll help me make that happen, by sending...
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Peyton's Table

April 16, 2007
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One of the toughest tables to land at the new Harry & Izzy's restaurant that opens today may be the spacious booth between the kitchen and the bar, at least once people find out it's now known as Peyton's Table....
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Capital Grille getting local flavor

April 10, 2007
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A new restaurant slated to open April 30 within the Conrad Indianapolis hotel will honor legendary Hoosiers on its mahogany-paneled walls. The Capital Grille has commissioned portraits of eight prominent Indiana residents: Indianapolis Motor Speedway savior Anton "Tony" Hulman Jr.;...
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Why no name on the Chase Tower?

April 9, 2007
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Most downtown skyscrapers have prominent signs up top identifying the tenant with naming rights to the building. Chase Tower does not. Why? A banking official said it was an oversight in which...
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Hunting real estate prey

March 21, 2007
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The retail real estate firm formerly known as The Linder Co. is creating buzz with a catchy new name. But it's taking a little getting used to. During a recent phone interview, principal Scott Gray was halfway through saying the...
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About

February 15, 2007
Comments(26)
Welcome to Property Lines, Indianapolis Business Journal's real estate blog. Your host is Scott Olson, the real estate beat reporter for IBJ.
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  1. Hiking blocks to an office after fighting traffic is not logical. Having office buildings around the loop, 465 and in cities in surrounding counties is logical. In other words, counties around Indianapolis need office buildings like Keystone, Meridian, Michigan Road/College Park and then no need to go downtown. Financial, legal, professional businesses don't need the downtown when Carmel, Fishers, North Indy are building their own central office buildings close to the professionals. The more Hamilton, Boone county attract professionals, the less downtown is relevant. Highrises have no meaning if they don't have adequate parking for professionals and clients. Great for show, but not exactly downtown Chicago, no lakefront, no river to speak of, and no view from highrises of lake Michigan and the magnificent mile. Indianapolis has no view.

  2. "The car count, THE SERIES, THE RACING, THE RATINGS, THE ATTENDANCE< AND THE MANAGEMENT, EVERY season is sub-par." ______________ You're welcome!

  3. that it actually looked a lot like Sato v Franchitti @Houston. And judging from Dario's marble mouthed presentation providing "color", I'd say that he still suffers from his Dallara inflicted head injury._______Considering that the Formula E cars weren't going that quickly at that exact moment, that was impressive air time. But I guess we shouldn't be surprised, as Dallara is the only car builder that needs an FAA certification for their cars. But flying Dallaras aren't new. Just ask Dan Wheldon.

  4. Does anyone know how and where I can get involved and included?

  5. While the data supporting the success of educating our preschoolers is significant, the method of reaching this age group should be multi-faceted. Getting business involved in support of early childhood education is needed. But the ways for businesses to be involved are not just giving money to programs and services. Corporations and businesses educating their own workforce in the importance of sending a child to kindergarten prepared to learn is an alternative way that needs to be addressed. Helping parents prepare their children for school and be involved is a proven method for success. However, many parents are not sure how to help their children. The public is often led to think that preschool education happens only in schools, daycare, or learning centers but parents and other family members along with pediatricians, librarians, museums, etc. are valuable resources in educating our youngsters. When parents are informed through work lunch hour workshops in educating a young child, website exposure to exceptional teaching ideas that illustrate how to encourage learning for fun, media input, and directed community focus on early childhood that is when a difference will be seen. As a society we all need to look outside the normal paths of educating and reaching preschoolers. It is when methods of involving the most important adult in a child's life - a parent, that real success in educating our future workers will occur. The website www.ifnotyouwho.org is free and illustrates activities that are research-based, easy to follow and fun! Businesses should be encouraging their workers to tackle this issue and this website makes it easy for parents to be involved. The focus of preschool education should be to inspire all the adults in a preschooler's life to be aware of what they can do to prepare a child for their future life. Fortunately we now know best practices to prepare a child for a successful start to school. Is the business community ready to be involved in educating preschoolers when it becomes more than a donation but a challenge to their own workers?

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