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Home » Commercial Real Estate

Commercial Real Estate

Construction of new airport Westin moving ahead of schedule

September 4, 2026
Cameron Shaw

Plans for an airport-connected hotel were part of the original 2003 design for the Indianapolis International Airport’s terminal.

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Developer gets final green light for $73M apartment complex near Lucas Oil Stadium

September 2, 2026
Cameron Shaw

The Metropolitan Development Commission approved a regional center development petition from TWG Development LLC, which can now move forward with construction of the proposed 375,000-square-foot, six-story project.

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Conrad Indianapolis set for $25M hotel-wide interior renovation

August 31, 2026 | Cameron Shaw

The remodeling project, announced Monday, includes a redesign of all 247 guest rooms and common areas at the downtown luxury hotel.

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SALLYS STATION

Salvation Army plans to open ‘higher end’ thrift store in Broad Ripple

August 29, 2026 | Dave LindquistDave Lindquist

Sally’s Station Store & Donation Center is expected to open later this year in a space previously occupied by a local brewery.

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UPDATE: Costco eyeing second Hamilton County warehouse

August 28, 2026 | Mickey ShueyMickey Shuey

Filings indicate the development would include the shopping center, a large parking lot and a 32-pump fuel station.

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Local developers, mayor emphasize need to win life sciences race

August 27, 2026 | Cameron Shaw

Fishers Mayor Scott Fadness on Thursday exhorted local developers and community leaders to quickly fill the real estate pipeline with life sciences development before it’s too late.

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PLEASE THANKS EXITS

Please & Thank You closes on Mass Ave after bankruptcy restructuring

August 26, 2026 | Dave LindquistDave Lindquist

Please & Thank You listed more than $4 million in liabilities and about $332,000 in assets when making its Chapter 11 filing on June 2.

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Local developer breaks ground on 720-acre industrial park

August 25, 2026 | Cameron Shaw

When finished, the logistics-friendly park from Ambrose Property Group is expected to consist of about 14 bulk industrial buildings for advanced manufacturing, warehousing and distribution.

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Irvington Community Schools, neighbors sue to stop east-side data center project

August 24, 2026 | Taylor Wooten

It is the third legal challenge regarding an Indianapolis data center zoning decision.

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Buyer pays $137M for huge logistics facility leased by Subaru in Whitestown

August 18, 2026 | Mason KingMason King

The deal isn’t JLL Income Property Trust’s first major foray into the market. It recently acquired a nearby, 605,000-square-foot distribution facility for about $60 million.

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Cole Motor to welcome first residents next week

August 14, 2026 | Cameron Shaw

The roughly $84 million complex will host more than 200 multi-family units across two buildings.

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SAFEWAY GARFIELD

Safeway grocery store to close in Garfield Park neighborhood

August 12, 2026 | Dave LindquistDave Lindquist

Grocery stores, including Standard and Safeway, have occupied the 22,000-square-foot building in the Garfield Park neighborhood since 1941.

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Cable manufacturer Prysmian secures $7.5M in tax breaks for $100M expansion

August 11, 2026 | Mickey ShueyMickey Shuey

The expansion is expected to create up to 55 jobs with pay of at least $30 per hour by the end of 2028. It also would allow the company to retain 82 existing employees.

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Purdue to acquire Vonnegut museum building as part of larger expansion plan

August 10, 2026 | Cameron Shaw

The museum first opened on North Senate Avenue in 2011 before moving to the three-story facility in the 500 block of Indiana Avenue in 2019.

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BEN JERRYS

Indianapolis to once again be the site of a Ben & Jerry’s scoop shop

August 10, 2026 | Dave LindquistDave Lindquist

A 21-year-old Purdue University student plans to open a Ben & Jerry’s ice cream shop next month at CityWay.

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GOODWILL ALLISONVILLE

Goodwill store to take over former Big Lots location on Allisonville Road

August 7, 2026 | Dave LindquistDave Lindquist

The store will become the 95th location for Goodwill Legacy Group, a nonprofit that operates stores in Indiana, Illinois and Puerto Rico.

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SIMON HQ

Herb Simon sues family of late nephew David over dissolution of real estate interest

August 4, 2026 | Maura Johnson, Indiana Lawyer

Herb Simon and other equity holders in SFG Co. LLC are suing the company’s managers, which includes members of the late David Simon’s family, for allegedly dissolving the company to benefit his own family. 

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City wants proposals to redevelop former Broad Ripple fire station

August 4, 2026 | Mickey ShueyMickey Shuey

The city’s request for proposals contemplates numerous potential uses for the 104-year-old building, including offices, retail, personal and professional services, artisan manufacturing and food production.

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Q&A: Father’s advice, brother’s example help shape unlikely construction career

July 24, 2026 | Lesley WeidenbenerLesley Weidenbener

In an interview with IBJ, Paul Okeson, president of Garmong, talks about the fast-growing company and how he landed in construction.

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Purdue Research Foundation acquires lab building for $12.5M

July 20, 2026 | Mickey ShueyMickey Shuey

The two-story building, which will be known as the Northwest Indianapolis Research Building, features biotechnology-focused research laboratories.

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Speedway street’s north end, long quiet, gains speed

July 17, 2026 | Dave LindquistDave Lindquist

The modern version of the town’s Main Street has shifted into a higher gear across the past decade.

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Plan for scaled-down data center on east side gets final approval

July 15, 2026 | Farrah Anderson, WFYI

DC Blox plans to build the data center on 38 acres at Thunderbird Commerce Center, an industrial park just east of the Irvington Historic District.

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SEPT. 4-10, 2026

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IBJ Digital Edition

Lilly fighting black market for its next obesity drug

Daniel Bradley

Burns Harbor port to add new cargo-handling option

Susan Orr

Q&A: ‘Musical mayor’ Rob Dixon revisits Indianapolis jazz history

Dave Lindquist
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