During one of the worst markets for real estate in decades, at a time when developers of all sizes are shedding employees, officials with Simon Property Group Inc. continue to insist they have had zero layoffs.
The Simon family’s role in building the city has come at a steep price for taxpayers. Simon and
its business interests in the last 20 years have collected local government incentives
worth more than $400 million, an IBJ tally of those deals shows.
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 panel of five veterans of real estate and construction provided industry insights at IBJ‘s Power Breakfast May
1 at the Westin Indianapolis.
Indianapolis-based BioStorage Technologies Inc. announced today that it plans to create 125 jobs by 2012 and invest more than $6.1 million to expand operations. BioStorage Technologies provides long-term cold storage for advanced biomaterials used in drug development. The company, co-founded in 2002 by CEO F. John Mills, currently has 80 employees. The investment will be […]
The city plans to partner with a private developer on a $65 million downtown redevelopment project adjacent to the former home of Market Square Arena. Parking garage resolution and Tax abatement resolution. Plans for the mid-rise project call for 600 apartments and 37,000 square feet of retail space at the long-vacant former Bank One operations […]
The city plans to partner with a private developer on a $65 million downtown redevelopment project adjacent to the former home of Market Square Arena. Plans for the mid-rise project call for 600 apartments and 37,000 square feet of retail space at the long-vacant former Bank One operations center, which occupies a full city block […]
A proposed incentive deal designed to kick-start development adjacent to the former site of Market Square Arena calls for the city to fund the entire purchase price of two prime parcels. A local developer, Tadd M. Miller, plans to invest as much as $65 million to redevelop the long-vacant Bank One operations center and a […]
Normal 0 false false false MicrosoftInternetExplorer4 A proposed incentive deal designed to kick-start development adjacent to the former site of Market Square Arena calls for the city to fund the entire purchase price of two prime parcels. A local developer, Tadd M. Miller, plans to invest as much as $65 million to redevelop the long-vacant […]
A proposed incentive deal to kick-start a $65-million development adjacent to the former site of Market Square Arena calls for the…
The Indianapolis Metropolitan Development Commission this afternoon approved a city plan to partner with a private developer on a $65 million downtown redevelopment project adjacent to the former site of Market Square Arena. The plan, approved by a 7-2 vote, allows the city to enter into a project agreement with the developer, an entity called […]
Midwest Independent Transmission System Operator Inc. in Carmel announced today that it will create nearly 70 new jobs within the next five years. The company, which manages the flow of electricity for its member utilities in 13 states and a Canadian province, plans to invest about $110 million to upgrade computer equipment and software at […]
ANDERSON-Tom Brewer has a recipe for reviving this city abandoned by the U.S. auto industry. Study satellite photography, groundwater flow and historic well records. Build wells to increase pumping capacity by millions of gallons daily. Then position that bounty in front of food processors-one of the thirstiest industries out there. “Food processors are notorious for […]
A $65 million public-private plan for the redevelopment of a vacant downtown office building is raising eyebrows for its unusual approach and potential risk to taxpayers. The plan calls for a private developer to acquire the former Bank One operations center, surface parking lots and an adjacent parking garage from a private owner for $18.5 […]
A $65 million public-private plan for the redevelopment of a vacant downtown office building is raising eyebrows for its unusual
approach and potential risk to taxpayers. The plan calls for a private developer to acquire the former Bank One operations
center, surface parking lots and an adjacent
parking garage from a private owner for $18.5 million, then sell the 1,680-space garage to the city for $18.5 million.
The city of Anderson soon will tap a new well to help accommodate demand from Nestle USA, which opened a Madison County plant
in May 2008 producing bottled, flavored Nesquik and liquid Coffee-mate, a water-based creamer. The
company already has launched an expansion slated for completion in 2011.
Elkhart-based Coachmen Industries Inc., no longer part of the slumping recreational vehicle industry, could start hiring soon as part of a $3.5 million expansion that it expects to create more than 200 jobs in northern Indiana. The Elkhart County Council has approved $135,661 in local property-tax abatements over 10 years on the company’s promise to […]
This small town between Indianapolis and Cincinnati was hardly ailing when it landed the economic development prize of the decade-a new Honda plant. Back in June 2006, Decatur County’s unemployment rate was a healthy 4.2 percent, lower than the state’s as a whole. With Honda’s promise of 2,000 jobs by 2010, a boom seemed just […]
The Capital Improvement Board could be forced to give up one of its most profitable assets so the city can pull off a $65-million public-private downtown development deal. The city has agreed to help a developer revitalize the vacant former Bank One operations center in part by acquiring an adjacent parking garage for $18.5 million. […]
The Capital Improvement Board could be forced to give up one of its most profitable assets so the city can pull off a $65-million
public-private downtown development deal. The city has agreed to help a developer revitalize the vacant former Bank One operations
center in part by acquiring an adjacent
parking garage for $18.5 million.
