Office space shrinking in Indianapolis area
Technology and work habits are prompting firms to squish space allotted to workers.
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-Culver's Restaurant bought a one-acre outlot at Maplewood Plaza, 6130 Maplecrest Road. The buyer was represented by Allison Hawley of Niessink Commercial. The seller, Centrium Properties California LLC, was represented by Michael P. Sloan of The Broadbent Group.
-Alderson Commercial Group bought a 15,000-square-foot office building at 425 W. South St. The buyer was represented by Matt Jackson of Jackson IG. The seller, West Hotel Partners LLC, was represented by Mike Medlock and Cathy Richards of Lee & Associates.
-Moser Consulting Inc. bought an 11,000-square-foot office building at 6220 Castleway West Drive. The buyer was represented by Steve Beals and Richard R. King III of Lee & Associates. The seller, Heritage Properties LLC, was represented by Craig Kaiser of The Kaiser Real Estate Cos.
-3545 Farnsworth LLC bought a 4,000-square-foot industrial building at 3545 Farnsworth St. The seller, K&T Specialties Inc., was represented by Stan Elser of Lee & Associates. The buyer represented itself.
-Gershman Partners bought the 45,820-square-foot Marott Center at 342 Massachusetts Ave. The buyer was represented by Ron Foster of Echelon Realty Advisors. The sellers, George Rubin and Elliott Levin, were represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-8015 Pendleton Pike LLC bought the 35,190-square-foot Pendleton Pike Shoppes retail center at 8015 Pendleton Pike. The buyer was represented by Larry W. Harshman of Harshman Property Services LLC. The seller, Pendleton Pike LLC, was represented by Robert J. Barker as receiver.
-R.P. Wurster LLC bought the 49,967-square-foot Plainfield Commons community shopping center at Main Street and Perry Road, Plainfield, for $6.35 million. The buyer and seller, Los Angeles-based RPD Catalyst LLC, were represented by Ben Wineman and Carly Gallagher of Mid-America Real Estate Corp.
Artist Noel to sell Sanctuary in Zionsville, relocate to NYC
To achieve a true appreciation for the depth of the work of artist Nancy Noel, you must “step inside The Sanctuary.” So declares Noel’s website. Soon that won’t be an option. The prominent regional artist is putting The Sanctuary on the market. The 11,000-square-foot gallery/restaurant/event site is in the heart of Zionsville’s downtown business district […]
LOPRESTI: Dear Dr. Naismith, ‘Center of sport’ might miss its own hoopla
Hoosier teams are on outside looking in as NCAA tournament approaches.
Artist Noel to sell Sanctuary in Zionsville, relocate to New York City
Nancy Noel is putting the massive gallery and event space on the market for $1.85 million. She’ll keep her residence in the area, but plans to open a gallery in the Big Apple.
Local developer Keystone buys north-side office park
An affiliate of Keystone Realty Group has bought Waterplace Office Park on North Meridian Street and plans to make a major investment in the property in hopes of improving occupancy.
Visit Indy to map city’s strategy for tourism
The $178,000 study will answer key questions about how the city can better connect its highlights, attract and please business and leisure travelers, and hook up with corporate partners.
$80M project on tap for Keystone at the Crossing
A local developer plans to build a hotel, apartments, offices and retail space on the last two vacant parcels in Keystone at the Crossing.
City beat steep odds to land NRA convention
City tourism officials worked for years to bring second-largest convention ever to Indianapolis.
EDITORIAL: Roll out red carpet for NRA confab
Few trade groups are more polarizing, so city officials, the local hospitality industry and the NRA itself have all been remarkably low-key about the group’s upcoming visit.
National Rifle Association convention debuts in Indy
Businesses are scrambling to decide how to cater to the massive confab.
NY Super Bowl huge moneymaker, but can’t top Indy for atmosphere
Two Indianapolis-based companies help NFL score record Super Bowl merchandise sales in New York. But one local business executive calls this year’s big game massively expensive.
White Lodging says data breach reached 8 states
Merrillville-based White Lodging Services Corp. said the suspected breach affected credit cards used at hotel restaurants and lounges at 14 properties it manages, including the Marriott Indianapolis Downtown.
White Lodging investigating security breach
The Merrillville-based hotel chain is investigating a breach that might involve information on thousands of guests.
At Perfect North, there’s no business like snow business
“The first year, we had about 700 visitors,” said Chip Perfect. “That’s a typical Saturday for us now.”
LOPRESTI: The Sochi Olympics—a bizarre blend of sport and fear
Heavy security at Olympics is nothing new, but this year foreboding hits a new high.
New owner for 14 West building targeting another restaurant
A recently retired CEO bought the historic building at 14 W. Maryland St. After renovations, he hopes to attract a national chain to the space.
New concert venue proposed for GM plant site
A concert venue rivaling the size of Klipsch Music Center in Noblesville has emerged as the favorite in a bid to redevelop the former General Motors metal-stamping plant on the western edge of downtown.