The ruling in U.S. District Court in Indianapolis could make it easier for brokers who switch firms to notify clients about the change without fear of legal action.
Office-seekers hit pause after COVID-19 saps economy, spurs rethinking about space
Many employees have traded in-person meetings and conversations for emails and videoconferencing—something many experts say likely will continue long after social distancing requirements are relaxed.Read More
Scotty’s Brewhouse founder Wise joins CBRE as retail broker
Scott Wise, who founded the once-flourishing Scotty’s Brewhouse restaurant chain, starts Tuesday at CBRE’s Indianapolis office, joining a team of 12 brokers in the office’s retail division.Read More
J.P. Morgan sues ex-broker after client exodus to his new firm
The brokerage alleges that Erik Weiss, since leaving for a job with Raymond James & Associates last month, has been improperly soliciting clients to follow him.Read More
The 18.1-acre parcel is one of the few remaining undeveloped sites of significant size on Indianapolis’ northern edge. Although it’s bordered by homes, local brokers foresee commercial development.
George Tikijian, who founded the company in 2005, said the deal was finalized Thursday following several months of internal deliberation.
The city’s largest commercial brokerage has called downtown home for more than 35 years. It’s heading north to accommodate employees and consolidate offices.
Indianapolis officials have triggered a wide-scale review of the need for big municipal buildings downtown. Real estate executives are intrigued by the 28-story City-County Building’s potential for private redevelopment.
The local Halakar real estate firm no longer is affiliated with Newmark Knight Frank, which has poached a former Halakar co-owner to start an Indianapolis office.
The 17.5-acre campus on East Washington Street is made up of 41 parcels with 25 buildings, 1,000 parking spaces and 190,000 square feet of office space. Parent company ANGI Homeservices would like to sell it to a single buyer if possible.
The local office of Lee & Associates plans to more than double the number of brokers it devotes to the sector, as industrial vacancy remains solidly in the single digits.
A New York firm bought downtown’s Station Place office building at Georgia and Meridian streets for just under the asking price.
David Garden was sentenced to six years in prison Wednesday after being found guilty last month of defrauding homeowners and renters on the city’s south side who were having financial difficulties.
Research from one brokerage shows office vacancy in the metro area dipping to 15.6 percent last quarter, the lowest rate since 2008.
The Indianapolis area’s largest commercial real estate brokerage is searching for a new director with the departure of John Merrill to co-lead the local office of Holliday Fenoglio Fowler LP.
Real estate firm Colliers International upped its stake in the Indianapolis market by acquiring locally owned Summit Realty Group. At the same time, former Colliers affiliate Resource Commercial Real Estate has reverted to its original name.
Sitehawk, whose roots date back to 1982 as The Linder Co., has been a leading retail brokerage in Indiana for several years. CBRE had been pursuing Sitehawk on and off for years, real estate sources said.