Meridian corridor office complex sells for close to $43 million
The buyer, Equus Capital Partners, has made a habit of purchasing large-scale, Class A office properties on the north side of the city.
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Summit awarded leasing of troubled BMO Plaza
The tall task of signing tenants for the troubled BMO Plaza, which sits nearly half vacant, has been handed to Summit Realty Group.
Uptown Business Center headed to sheriff’s sale
The building in SoBro is at the center of a lengthy court feud in which the owner had attempted to delay foreclosure by filing to reorganize assets—a strategy that a bankruptcy judge rejected last month.
Summit partners seek tax break for $14M distribution facility
They plan to spend $14 million to build the 542,000-square-foot warehouse on 33 acres on the city’s west side. One condition of the tax abatement is finding a user that would create at least 50 jobs by 2018.
Woodfield office buildings attracting strong interest
The two Class A office buildings totaling 348,000 square feet are close to being sold after falling into foreclosure during the implosion of defunct local developer Premier Properties USA Inc.
Colliers expands multifamily-brokerage team
The additions joining Michael Drew, who had been the office’s loan investment and multifamily broker, are team leader Michael H. Wernke, in addition to Cory Detamore, Evan Bryant and Maria Stein.
Area home sales creep up after faltering in July
The 3-percent bump last month was cause for relief after pending agreements in July broke a two-year streak of gains.
City targets east-side parcel for housing development
The city hopes to seek bids to redevelop land along East Washington Street that is part of the four-acre P.R. Mallory industrial complex. Real estate experts say an affordable housing project might make the most sense.
Adjacent Chatham Arch properties could attract redevelopment
The roughly one-acre properties at 625 E. 11th St. and 602 E. 10th St. encompass an entire city block.
Allison Pointe buildings hit with foreclosure suit
The owners of the buildings, about three dozen entities and individuals, owe $16.6 million, or the entire balance of the loan they received in 2006 to purchase the properties, according to court documents.
Northern office market on upswing, downtown ‘stagnant’
Downtown’s vacancy rate continues to hover around 20 percent, according to mid-year market reports, with more space becoming available than was leased. Meanwhile, the northern suburban market is showing the most improvement.
Northside office complex might fetch more than $40M
The three buildings near I-465 and North Meridian Street that make up Meridian Corporate Plaza were lost by Lauth Investment Properties LLC in its bankruptcy reorganization.
Big Red Liquors buys south-side building for HQ
The Bloomington-based company followed its acquisition of United Package Liquors by acquiring a vacant, 33,000-square-foot building on U.S. 31.
Incentives draw industrial developer to AmeriPlex
A city tax abatement has led Atlanta-based Industrial Developments International to build a 794,608-square-foot speculative building in AmeriPlex and to plan construction of another, 460,000-square-foot building there.
City’s first spec office building in 5 years opening doors
Sourwine Real Estate Services expects to have its $12 million, 80,700-square-foot project finished later this month in one of the city’s hottest north-side development areas.
St. Vincent sports practice to fill vacant Clay Terrace big box
St. Vincent Sports Performance will occupy a building in Clay Terrace originally occupied by Circuit City.
Whitsett bids to redevelop Star headquarters
One of the city’s most prolific developers of affordable housing hopes to buy the Indianapolis Star headquarters to redevelop the property into apartments or condominiums.
Baldwin move a win for Lauth, a setback for downtown
The departure of trucking and auto fleet insurer Baldwin & Lyons Inc. from downtown's Landmark Center to The Congressional in Carmel is a blow for the central business district and a bonanza for Lauth Property Group.
Carmel family members accused of securities fraud
The Indiana securities division accuses Charles Blackwelder, Chad Blackwelder and Cara Grumme of defrauding elderly investors in a scheme to sell ownership interests in rental properties.
Bales trial in jury’s hands after colorful closings
During three hours of closing arguments Wednesday in the federal fraud trial of real estate broker John M. Bales and William E. Spencer, a federal prosecutor and two top-tier Indianapolis defense attorneys delivered a series of memorable one-liners and rhetorical flourishes designed to stick with jurors.