October 16, 2012
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-Ambrose Property Group LLC bought Circle Tower, a 110,000-square-foot office building at 55 Monument Circle. The buyer was represented by Aasif Bade of Ambrose Property Group. The seller, Winthrop Management LLC, was represented by Matt Langfeldt, Rich Forslund and Alex Cantu of Summit Realty Group.

-Michigan Realty LLC bought Crooked Creek Centre, a 52,491-square-foot retail center at 79th Street and Michigan Road. The seller, Crooked Creek Centre CSFB 2004-C3 LLC, was represented by Kevin Broderick and Matt Gray of CBRE. The buyer represented itself.

-Zionsville Realty Partners LLC bought an 80,460-square-foot industrial property at 7750 N. Zionsville Road. The buyer was represented by Chip Barnes and Matt Dickerson of Jones Lang LaSalle. The seller, C III Asset Management, was represented by Michael Weishaar of Cassidy Turley.

-Triple HB Ventures LLC bought a 14,040-square-foot industrial property at 1740 S. High School Road. Both the buyer and seller, Black-Hebert Lumber Co., were represented by Fritz Kauffman of Cassidy Turley.  


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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.