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Central Indiana’s largest office park secures new loan, additional investment

October 8, 2024 | Mickey Shuey

More than $36 million already has been invested into the campus over the past eight years, with updates to building systems, indoor and outdoor amenities, lobby spaces, restrooms and facades.

Real Estate Weekly: Oct. 8, 2024

October 8, 2024 | Mickey Shuey and Mason King

The following information was published in IBJ’s Real Estate Weekly e-newsletter on Oct. 8, 2024.

Real Estate Weekly: Sept. 24, 2024

October 8, 2024 | Mickey Shuey and Mason King

The following information was published on Sept. 24, 2024, in IBJ’s Real Estate Weekly e-newsletter.

More than 3 million without power as tornadoes, Hurricane Milton slam Florida

October 10, 2024 | Associated Press

Hurricane Milton plowed into Florida as a Category 3 storm Wednesday, bringing misery to a coast still ravaged by Helene, pounding cities with winds of over 100 mph after producing a barrage of tornadoes, but sparing Tampa a direct hit.

Milton knocks out power to millions, spawns 150 tornadoes across Florida

October 10, 2024 | Associated Press

Hurricane Milton barreled into the Atlantic Ocean on Thursday after plowing across Florida. The storm caused at least four deaths and compounded the misery wrought by Helene while sparing Tampa a direct hit.

Glut of development creates challenges in finding subcontractors

October 11, 2024 | Mickey Shuey

While contractors have so far been able to keep up, the strain could get worse next year and beyond.

NFL owners approve Jacksonville’s $1.4 billion ‘stadium of the future’

October 15, 2024 | Associated Press

The proposed 63,000-seat, open-air stadium will feature a translucent covering that’s expected to lower outside temperatures by 15 degrees.

FTC adopts rule to make it easier for consumers to cancel unwanted subscriptions

October 17, 2024 | Associated Press

The U.S. Chamber of Commerce criticized the administration’s approach, saying in August that “heavy-handed regulations that micromanage business practices” will lead to higher costs for consumers.

New book details first 80 years of architecture in Indianapolis

October 17, 2024 | Dave Lindquist

With a belief that older structures give a city its personality, architectural historian and historic preservation consultant James Glass spent the past four years investigating a century’s worth of Indianapolis traits.

Whitestown looks to proposed $110M project as next step for town

October 18, 2024 | Daniel Bradley

Indianapolis-based New City Development is formulating plans for Padgett Commons, which would be built on 40 acres of undeveloped property east of I-65 near the intersection of East County Road 550 South and Perry Worth Road.

By city’s own standards, pay rate fails to measure up

October 18, 2024 | Taylor Wooten

Across Indianapolis city-county government, 166 employees earn less than $18 an hour, the benchmark that some groups consider a living wage, including the city’s economic development arm.

IBJ Podcast: How Taylor Swift will give Indy a massive platform to promote itself

October 21, 2024 | Mason King

About 80% of ticket holders over the three concerts will come from outside Indiana, presenting an immense marketing opportunity for Visit Indy, the agency in charge of promoting Indianapolis for conventions and other tourism.

Hotels across nine-county area sold out for Eras Tour weekend

October 21, 2024 | Mason King

Indianapolis’ agency for conventions and tourism also reports that short-term lodging bookings through Airbnb and Vrbo have surged 207% in the Indianapolis area as compared to Nov. 1-3 of 2023.

Indy-area developer Drew Loftus sues partner for company records

October 22, 2024 | Mickey Shuey

Drew Loftus, a principal with Silverstone Development LLC, claims he has not had access to the company’s offices, calendars, communications or financial records since May.

Local firms partner to buy Capital Center office towers for $35M

October 25, 2024 | Mickey Shuey

One of the largest office complexes in downtown Indianapolis officially changed hands this week, with the new owners eyeing an update for the property that could result in its partial conversion to a hotel.

Traffic plans, pop-up performances unveiled for Taylor Swift weekend

October 25, 2024 | Dave Lindquist

Construction and congestion are expected to be challenges for motorists as nearly 200,000 people gather downtown over a three-day period.

Nickel Plate Trail construction is in the final stretch in Indianapolis

October 25, 2024 | Taylor Wooten

The Allisonville Road and East 62nd intersection is just a tiny piece of the trail that stretches across three cities and two counties.

Swift concert merchandise sales dominated largely by locals on first day

October 31, 2024 | Taylor Wooten

Local fans waited in line Wednesday at the Indiana Convention Center to secure limited-edition Taylor Swift T-shirts, hoodies, tote bags, friendship bracelets and other bracelets.

2024 Women of Influence: Marci Reddick

October 31, 2024 | Marc D. Allan

Marci Reddick was a practicing attorney for 39 years, the last 21 of those at Taft, where she is now senior counsel after retiring from full-time practice at the end of 2021.

Giant friendship bracelets from Swift’s New Orleans shows come to Indianapolis

October 31, 2024 | Mickey Shuey

The 140-foot-long strands, consisting of 7-foot inflatables resembling beads, were designed by contemporary artist Shawn Kolodny and will be affixed below the north window of the Lucas Oil Stadium on Thursday.

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