Downtown office market strengthening
The downtown submarket recorded its strongest quarter since late 2011 by absorbing about 110,500 square feet of space, which lowered vacancy to 18.8 percent, CBRE statistics show.
Brokers
Articles
DTZ switch to Cushman sows market confusion
Rival brokerage Summit Realty Group has been using the Cushman name through its participation in the Cushman alliance. But it has agreed to terminate that affiliation.
Ambrose handing DTZ property management biz
Ambrose Property Group LLC is spinning off its property management division to DTZ, one of the largest real estate firms in the city.
South Bend real estate firm launches local office
Bradley Co. has entered the market by bringing on board David Reed, who launched another firm’s office in Indianapolis before it became part of a large multi-brokerage acquisition.
UPDATE: Real estate veteran Ehret opening office for Avison Young
Bill Ehret, who co-founded the largest commercial real estate brokerage in Indianapolis, has left the company to open a local office for global firm Avison Young Inc.
Developer restoring vacant downtown office building
A local developer has purchased a vacant 12-story office building east of Monument Circle downtown and is embarking on $7 million renovation to return the property to its former prominence.
Sandor starts to build retail projects again
The locally based strip-center owner and developer is nearing completion of a small retail project near 106th and Michigan Road on the western edge of Carmel. It’s the company’s first retail project since the recession.
Downtown office vacancies force landlords to get creative
A downtown office broker who participated in IBJ's annual Commercial Real Estate & Construction Power Breakfast said office tenants are seeking building amenities that jibe with their companies' culture.
Flex-office operator adds 58 suites in Mass Ave area
Regus Group plc, which has other locations in the Indianapolis area, has taken more than 10,000 square feet downtown to open its latest flex-office center, where business owners can rent space by the day, week or month.
Feds probe whether HDG Mansur took millions from client
HDG Mansur has divulged in court documents that it’s the target of a federal criminal probe for allegedly skimming millions of dollars from a client.
Veteran real estate exec takes helm of DTZ office
David Reed, who once led CBRE’s local operations, has joined Chicago-based DTZ as a managing director, a post that will put him in charge of growing the company’s Indianapolis presence.
Two downtown office towers poised to get new asset manager
Sam Zell’s Equity Group Investments would step in at Chase Tower and PNC Center, replacing a firm accused of conflicts of interest and underperformance.
Home-remodeling firm giving new life to vacant Carmel center
The vacant, 14,500-square-foot property in the heart of the city has been purchased by a local home-remodeling company, which plans to occupy half the building and lease the rest.
Brokers trying to reverse vacancy in downtown Indy offices
The vacancy rate for Class A space approached 20 percent in 2011 for the first time in at least 15 years and kept trending upward, settling at 21.4 percent at the end of last year.
State Auto’s Midtown HQ building on block
State Auto Insurance is seeking to sell its nearly 200,000-square-foot regional headquarters building in Midtown and is listing the property for $9.1 million.
Broad Ripple brokers propose office project on College Avenue
Scott Lindenberg and Thomas Willey want to replace two rental homes they own just north of Kessler Boulevard with a 5,700-square-foot, two-story office building.
Developer plans Lockerbie residential project
Chase Development plans to build six, four-story townhomes along with six more traditional houses on a 1.25-acre parcel between Michigan and North streets.
Leadership change afoot at Summit Realty
Bill Ehret, one of the firm's co-founders, relinquished his title as co-managing partner to Brian Zurawski, who joins Matt Langfeldt in leading the firm.
Owners of Regions Tower putting building on the market
Office brokers say the 662,000-square-foot-building, downtown’s third largest, could fetch more than $60 million, or about $100 a square foot.
Activity at AmeriPlex gaining steam
The west-side industrial park, one of the city’s largest, is experiencing robust construction activity that includes more than just distribution centers.