Few commercial real estate properties are changing hands in the Indianapolis area these days, creating challenges for brokers who say it’s becoming increasingly difficult to determine the value of properties.
A local developer is hoping to convert an unfinished eight-story luxury condo project downtown into a mostly affordable apartment
building with its headquarters on the top floor.
The Greek Orthodox families of central Indiana worked for 10 years to build their new gold-domed church in Carmel, but they aren’t finished sacrificing. The 500-family congregation now must pay off the $9 million building, just as the recession and stock market collapse have wiped out some families’ ability to make good on pledges. “We wish, maybe, we hadn’t got […]
A panel of five veterans of real estate and construction provided industry insights at IBJ’s Power Breakfast May 1 at the Westin Indianapolis. The panelists were: Mary Beth Kohart, a principal and vice president in the local office of Colliers Turley Martin Tucker; Danny Marr, a partner and principal broker for Veritas Realty; Andrew Morris, […]
A local developer is hoping to convert an unfinished eight-story luxury condo project downtown into a mostly affordable apartment building with its headquarters on the top floor. The Whitsett Group has agreed to buy the 707 E. North St. building from Beilouny Luxury Properties, but the deal still must be approved by Cincinnati-based Fifth Third […]
Few commercial real estate properties are changing hands in the Indianapolis area these days, creating challenges for brokers who say it’s becoming increasingly difficult to determine the value of properties. With the economy in turmoil, and the acquisitions market at a virtual standstill, only a handful of recent sales can be used to guide appraisers […]
A bankruptcy judge yesterday denied a motion from a pair of Indiana state pension funds and a state construction fund to delay the proposed sale of most of Chrysler’s assets, saying the funds’ plan to challenge the legality of the sale in another court wasn’t enough of a reason to push back the proceedings. U.S. […]
A bankruptcy judge yesterday denied a motion from a pair of Indiana state pension funds and a state construction fund to delay the proposed sale of most of Chrysler’s assets, saying the funds’ plan to challenge the legality of the sale in another court wasn’t enough of a reason to push back the proceedings. Normal […]
A federal jury returned a verdict that a major energy company violated clean-air rules at a coal-fired power plant along the Ohio River in southeast Indiana. The Southern District of Indiana verdict Tuesday night came following six days of trial and eight hours of jury deliberation in U.S., et al. v. Cinergy Corp., et al., […]
Indiana’s treasurer won’t invest any more money in the corporate debt of companies receiving federal funds after state pensions were stung by millions of dollars in losses in the Chrysler LLC bankruptcy. Treasurer Richard Mourdock says the administration of President Obama changed long-standing investment rules in the bankruptcy proceedings, causing the Indiana State Police Pension […]
Indiana’s treasurer said he won’t invest more state money in the corporate debt of companies receiving federal cash after two funds he controls were stung by more than $1 million in combined losses in the Chrysler bankruptcy. Treasurer Richard Mourdock said today the Indiana State Police Pension Fund lost $147,400 and the Major Moves Construction […]
A new $3.1 billion price tag for the extension of Interstate 69 between Indianapolis and Evansville can be reduced by ignoring some federal rules, Indiana Gov. Mitch Daniels said. Speaking yesterday at a meeting of the Chamber of Commerce of Southwest Indiana in Evansville, Daniels said the latest Indiana Department of Transportation estimate could be […]
Voters in three Indiana school districts head to the polls today to weigh in on several multi-million-dollar construction referendums. Officials from Mooresville Schools have submitted a $96 million plan to build a new middle school and renovate the existing high school. Voters in Trafalger are looking at a $26 million proposal to build an elementary […]
A new $3.1 billion price tag for the extension of Interstate 69 between Indianapolis and Evansville can be reduced by ignoring some federal rules, Indiana Gov. Mitch Daniels said.Speaking yesterday at a meeting of the Chamber of Commerce of Southwest Indiana in Evansville, Daniels said the latest Indiana Department of Transportation estimate could be trimmed […]
Indiana’s treasurer says he won’t invest more state money in the corporate debt of companies receiving federal money after two funds he controls were stung by more than $1 million in combined losses in the Chrysler bankruptcy. Treasurer Richard Mourdock said today the Indiana State Police Pension Fund lost $147,400 and the Major Moves Construction […]
Indianapolis-based F.A. Wilhelm Construction Co. Inc. has been chosen to build a street-level enclosed connector linking the Indiana Convention Center to Lucas Oil Stadium, the Indiana Stadium & Convention Building Authority announced yesterday afternoon. Wilhelm, which bid $11.8 million for the project, submitted the lowest bid of six companies vying for the work, said Lori […]
The anchor tenant in the Binford Medical-Professional Office Complex at the corner of 65th Street and Binford Boulevard has closed temporarily, citing a lack of other tenants in the high-profile medical building. The shut-down is the latest in a string of setbacks for what was to have been a five-building, $29 million development. The Binford […]
Normal 0 false false false MicrosoftInternetExplorer4 Indianapolis-based F.A. Wilhelm Construction Co. Inc. has been chosen to build a street-level enclosed connector linking the Indiana Convention Center to Lucas Oil Stadium, the Indiana Stadium & Convention Building Authority announced this afternoon. Wilhelm, which bid $11.8 million for the project, submitted the lowest bid of six companies […]
Organizations hosting events at Lucas Oil Stadium already expected to pay more than they did at the RCA Dome, but some fear the Capital Improvement Board’s financial difficulties could drive costs even higher. The concern is greater for not-for-profits operating on tight budgets that likely will pay at least 25 percent more to use the […]
Normal 0 false false false MicrosoftInternetExplorer4 Organizations hosting events at Lucas Oil Stadium already expected to pay more than they did at the RCA Dome, but some fear the Capital Improvement Board’s financial difficulties could drive costs even higher. The concern is greater for not-for-profits operating on tight budgets that likely will pay at […]
