Solana apartment complex sells for $60.5 million
The sale by Indianapolis-based developer Milhaus is just the latest chapter in the twisty story of the high-end development, which is at the southeast corner of East 78th Street and Keystone Avenue.
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Local money manager settles proxy fight, wins board seat
Carmel investment firm JWEST LLC ended up with one board seat, rather than the two it sought, but also got Rand Logistics to agree to a range of governance reforms.
Democratic opponent calls Turner ‘ghost’ candidate
Democratic House candidate Bob Ashley said the way in which Turner is leaving the General Assembly effectively means the voters in his central Indiana district have a choice between Ashley and whichever official local Republicans pick for the seat.
People
Carmel-based Mainstreet has added the following Michael Klingl as a development director, Lindsey Phipps as a development coordinator, Erin Marlow as an administrative assistant, Jason Rodgers as a construction project manager, and Sara Shew as concierge.
IU Health to bypass Indy next year on Obamacare exchange
IU Health Plans, the insurance arm of the Indianapolis-based hospital system, is limiting itself to three middle-size markets next year—Bloomington, Lafayette and Muncie—even though the bulk of its facilities is in the metro area.
Sunrise neighbors worried about traffic, density
Neighbors of the former Sunrise Golf Club property along the Monon Greenway in Carmel aren’t sold on a redevelopment plan that calls for building 149 custom homes and up to 265 apartments on the 78-acre site.
ITT shares plunge 35 percent after SEC threatens action
ITT Educational Services Inc. dodged a bullet from the U.S. Department of Education, according to a securities filing issued Friday morning, but now faces a new threat: a potential enforcement action from the U.S. Securities & Exchange Commission.
Skjodt plotting $25 million sports complex
Paul Skjodt, owner of the now-dormant Indiana Ice hockey team, has secured an option on 92 acres in a busy northwest-side corridor for a $25 million multi-use sports complex.
Current to add Geist to growing newspaper stable
Current Publishing LLC, a Carmel-based firm which publishes five weekly newspapers covering parts of Hamilton and Boone counties, continues to thrive as the print news industry as a whole lags.
Roundup: Downtown brewery on tap; distillery opens; Italian restaurant returns
Round Town Brewing Co. has plans to open downtown, while Hotel Tango Whiskey has begun serving in Fletcher Place. Also, it’s official: Sangiovese Ristorante is moving to Ironworks.
ROBINSON: Downtown vacancies will plunge soon
Something’s happening in downtown Indianapolis that I’ve never seen in my 25 years as a commercial real estate broker here.
New warehouses in Indianapolis area cater to consumers
Several sprawling distribution centers have been built, or are under construction, to ship directly to consumers.
Local mayors tout plan for Red Line transit route
The mayors of Indianapolis, Carmel, Westfield and Greenwood on Tuesday announced a potential plan and a timetable for The Red Line, a proposed rapid-transit all-electric bus route that would stretch 28 miles from Hamilton County to Johnson County.
Carmel clears path for Monon Lake housing project
With neighbors pleading for more time, Carmel City Council on Monday approved a year-old rezoning request that clears the way for M/I Homes’ planned Monon Lake development just north of Interstate 465.
Carmel council reluctantly OKs commuter bus subsidy
Carmel City Council voted 7-0 Monday to subsidize the Indy Express commuter bus for the rest of this year, but members made it clear their support was tenuous at best.
Carmel developer pitching $150M Midtown plan
Carmel-based Old Town Development LLC expects to file plans this week for a $150 million redevelopment project on 11 acres in the suburban community’s blighted Midtown area, between Carmel City Center and the Arts & Design District near the Monon Greenway.
Commercial Real Estate Power Breakfast transcript
Indianapolis Business Journal gathered leaders in the state's commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 13.
Among the topics the panel discussed were the factors driving downtown growth, which types of office space are in demand, the types of projects being built, and how the industrial sector has sustained its strength.Construction
-Capitol Construction has completed a 2,500-square-foot office build-out for Fully Armored at 755 W. Carmel Drive, Suite 150, Carmel.
-Capitol Construction has completed a 1,500-square-foot office build-out for Grand Financial at 1155 N. Meridian St., Carmel.
-Capitol Construction has completed a 4,000-square-foot office build-out for KE Labs at 3500 Depauw Blvd., Suite 1080.
-Kort Builders has completed a 7,800-square-foot build-out for Case Remodeling at 99 E. Carmel Drive, Carmel.
-Kort Builders has completed a 2,200-square-foot build-out for H2H Salon at Hamilton Town Center, 13185 Harrell Parkway, Suite 200, Noblesville.
Leases/leasing contracts
-ACS Human Services LLC leased 40,204 square feet of office space at 4450 Victory Lane. The tenant was represented by Yumi Goodman of Colliers International. The landlord, Midway Corp., was represented by Russ Van Til and Jeff Henry of Cassidy Turley.
-Southern Wine & Spirits of America Inc. leased 25,201 square feet at 8888 Keystone Crossing. The tenant was represented by Mike Semler of Cassidy Turley. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Zito of JLL.
-The Indiana Annual Conference of the United Methodist Church Inc. leased 12,117 square feet at Meridian Corporate Plaza Two, 301 Pennsylvania Parkway, Carmel. The tenant was represented by Jon Owens of Cassidy Turley. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Zito of JLL.-Crown Castle USA Inc. leased 9,363 square feet of office space at 9045 River Road. The tenant was represented by Kimberly Estes Hartman and Tom Osborne of Colliers International. The landlord, Duke Realty Limited Partnership, was represented by Adam Seger of Duke Realty.
-Sitehawk Retail Real Estate leased 6,173 square feet of office space at 8500 Keystone Crossing. The landlord, PWA Keystone Crossing LP, was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The tenant represented itself.
-Comprehensive Retirement Solutions LLC leased 4,865 square feet of office space at One Penn Mark, 11595 N. Meridian St., Carmel. The tenant was represented by Kevin Dick and Paul Dick of Colliers International. The landlord, TNHYIF Reiv Sierra LLC, was represented by Rick Trimpe and John Vandenbark of CBRE.
-rue21 renewed its lease for 4,685 square feet of retail space at 540-630 W. Northfield Drive, Brownsburg. The landlord, ATC Realty One LLC, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.-Covideo leased 3,838 square feet on the third floor of 6235 N. Guilford Ave. The tenant was represented by Kelly Williams of Re/Max Ability Plus. The landlord, Monon Housing Partners, was represented by Jason S. Challand of Echelon Realty Advisors.
-Advanced Solutions Inc. leased 3,798 square feet at 8900 Keystone Crossing. The tenant was represented by Spud Dick of Cassidy Turley. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Zito of JLL.
-St. Louis Group LLC leased 3,730 square feet at 8888 Keystone Crossing. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Zito of JLL. The tenant represented itself.
Dance Kaleidoscope senior dancer to retire
After more than 400 performances, Liberty Harris will end her DK run with the same show with which she began.