2017 TOP STORIES: Tower officially renamed Salesforce
Salesforce put its name and logo on the former Chase Tower in April, after announcing a year before that it would add 800 workers in the city by 2021.
Chase Tower
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Salesforce expansion will fill one-quarter of Salesforce Tower
The San Francisco-based tech giant in May will begin occupying 11 floors in the 48-story building.
UPDATE: Salesforce plotting real estate changes
The company's lease in the Gauranty Building, 20 S. Meridian St., will expire in the first quarter of next year, while a lease for the Century Building, 36 S. Pennsylvania St., runs until 2021. "Salesforce has no plans to vacate the Century office at this time," a spokesperson said.
Salesforce poised to receive city tax break on tower expansion
Salesforce would save about $3 million on the tax exemption, if the City-County Council designates a downtown office tower as a high-tech. The tax break would come on top of major incentives deal already promised by the state.
Two tracks of negotiations helped seal huge Salesforce expansion
Tech talent and naming rights on the state’s tallest building were key factors that helped Indianapolis secure an 800-employee hiring commitment from Salesforce.com this month.
Salesforce as top tenant makes tower more marketable, expert says
With Salesforce.com establishing a 250,000-square-foot regional headquarters in the soon-to-be-christened Salesforce Tower Indianapolis, the building should become much more alluring when its owner shops it for sale.
Could Chase Tower change name for incoming tenant Salesforce?
The state’s tallest skyscraper has been known as Chase Tower since 2004. But the building could be in line for a name change, once Salesforce.com moves in and becomes its biggest tenant.
Two downtown towers soon up for sale
The Chase Tower, the state’s largest office building, might fetch more than $200 million—a price driven up by a nearly finalized deal that would boost sagging occupancy.
Chase Tower struggles to fill vacant space
The 48-story Chase Tower, the state’s tallest office building, has more vacant space than it has had in decades. But increasing speculation in the local office market that Salesforce.com will take a big chunk of space there could mean it is poised for a turnaround.
BMO Plaza latest downtown office building to hit market
Owner True North Management Group is accepting offers on the 28-story BMO Plaza at 135 N. Pennsylvania St. The 432,300-square-foot tower is the sixth-largest office building downtown.
Downtown skyscraper sales reset valuations
Four high-profile downtown office towers that recently attracted out-of-state buyers have become embroiled in disputes over their property tax assessments.
Downtown office vacancies force landlords to get creative
A downtown office broker who participated in IBJ's annual Commercial Real Estate & Construction Power Breakfast said office tenants are seeking building amenities that jibe with their companies' culture.
CBRE awarded management of Chase Tower, PNC Center
The real estate brokerage won the business following a shakeup at Commonwealth REIT, which owns the building. An investor campaign led to the ouster of its board in March.
Two downtown office towers poised to get new asset manager
Sam Zell’s Equity Group Investments would step in at Chase Tower and PNC Center, replacing a firm accused of conflicts of interest and underperformance.
Chase Tower’s $201M sale price sets record
A publicly traded real estate investment trust has agreed to pay $201 million for the tallest building in Indiana, a price that could give a boost to the local investment market.
Prominent downtown buildings offered for sale
Greater availability of debt financing has spurred renewed interest in real estate deal-making. Chase Tower and Rolls-Royce's downtown complex are for sale, while Capital Center is under contract.
Rethinking Monument Circle in Indianapolis
IBJ gathered advice from local and national experts about what should be done to improve the city’s most prominent public space and where Indianapolis should look for inspiration.
Summit Realty plans to grow into new headquarters
Summit Realty Group is building out a new headquarters in a historic downtown building as its principals embark on an aggressive growth plan for the privately held company.
Durham firm departing top floor of Chase Tower
Tim Durham’s Obsidian Enterprises Inc. plans to vacate the top floor of the state’s tallest building next month, real
estate sources say.
Sidewalk inspections help downtown get spiffed up for big events
They used to say that downtown Indianapolis rolled up the sidewalks at 6 p.m. No one says
that anymore. Now they say those sidewalks need to be clean. Sidewalk cleanliness is important on a day-to-day
basis for aesthetic reasons, but even more so when Indianapolis wants to put on its best face for major events
like the Final Four, the Indianapolis 500 and the Super Bowl.