Property management firm JLL sent a letter, dated April 21, to tenants to inform them that it had taken over mall management and said it is in the process of hiring a general manager for the property.
Sources: Rolls-Royce planning to vacate two-thirds of its downtown campus
The United Kingdom-based aircraft engine manufacturer is expected to jettison about 270,000 square feet of office space on its 2.2-acre campus at 450 S. Meridian St. About 3,000 people worked in the company’s downtown offices prior to the pandemic.Read More
Hamilton Town Center multiplex to reopen as luxury theater
Michigan-based Emagine said it expects to reopen the Noblesville theater this summer. The theater’s previous operator filed for bankruptcy last year.Read More
Kite Realty sues Oceanaire, Mattress Firm over rent disputes
In both of the suits, Indianapolis-based Kite claims that the retail tenants are in default on their leases because they didn’t pay rent in April, May or June.Read More
Chicago-style pizza chain Lou Malnati’s adding Broad Ripple, Carmel sites
Beloved in the Chicagoland area, the deep-dish chain confirmed to IBJ in March that it planned to enter the central Indiana market with several locations.Read More
Brew Link, which is owned by three Hendricks County couples, opened its first location in Plainfield in 2016. The Indianapolis location is slated for a mid-March opening.
The pandemic has forced lots of business owners to renegotiate leases, contracts. Here’s how to do it.
There’s a right way and a wrong way to approach negotiations, whether for a vendor contract, a lease or with a customer. The first step is determining where you stand.
The chain’s signature deep-dish pies are renowned in the Chicagoland area, where the company has 56 locations. A private equity firm took an ownership stake in 2016 to spur growth.
With its debut just months away, the 12-acre, $300 million Bottleworks District on the north end of Massachusetts Avenue has a majority of its Phase I office and entertainment space and nearly all of its food hall leased.
The brewery and dealership are hoping they’ll benefit from each other’s main customer bases.
According to the suit, Granite City failed to pay monthly rent and meet other obligations under terms of the lease for the 9,603-square-foot ground-floor space it occupied in Circle Centre until late last month.
The owners of the 18-acre former Angie’s List campus just east of downtown are relying on a promise of lower rent, connectivity with downtown, and the potential for future nearby development to draw tenants.
After a legal battle and mediation, Centier Bank plans to relocate its branch while the owner of the historic tower at Pennsylvania and East Washington streets prepares to revamp it as a swanky hotel.
Flexware Innovation will construct an additional 8,000-square-foot building at 1 Municipal Drive as part of its Nickel Plate District office building project.
A Carmel-based church plans to close on its $1.8 million purchase of the building near Interstate 465 and Michigan Road on November 5.
The South Bend-based developer that last year bought the landmark restaurant and the block on which it sits is searching for office and retail tenants for the space.
A ruling on Monday from the 7th Circuit Court of Appeals upheld a city ordinance that prohibits adult entertainment businesses from operating in certain areas.
Vacancy rates in both sectors continued to shrink in the first quarter as office and industrial tenants consumed more leased space.
Despite a lot of construction, warehouses are being leased as soon as the cranes come down. Indianapolis, Phoenix and California’s Inland Empire are among the hot markets nationally.
The $110 million Yard at Fishers District will feature about 15 restaurants, including two St. Elmo-owned concepts; a Sun King tasting room; a dual-branded hotel; and hundreds of apartments.
As part of its local downsizing, Angie’s List has signed a lease to occupy four floors of a historic downtown building, becoming the largest tenant in the 12-story office tower.
The owner of Circle Centre has sued the franchisee at least twice before. The sweet pastry purveyor then signed a 10-year lease extension in 2016.