Labcorp planning to relocate lab hub to 50-acre campus in Brownsburg
The $435 million campus will include more than 500,000 square feet of advanced laboratory and production space.
Commercial Real Estate
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Carmel developer seeking $7.5M tax break for $62M Nora apartment, retail project
The mixed-use project with at least 250 apartment units would replace a collection of single-story buildings known as Winterton Office Park constructed in 1963.
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All Value City Furniture stores will close as part of parent company’s liquidation
The furniture company has three locations in central Indiana and three in other parts of the state.
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Shelbyville officials advance request to annex 429 acres as part of data center plan
Prologis Inc. hopes to build the sprawling, 13-building operation east of the State Road 44 and Interstate 74 interchange on property straddling the city’s eastern boundary.
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5 downtown Indianapolis development projects to watch in 2026
Several downtown development projects are in their infancy or just getting started. IBJ takes a look at a handful that could draw buzz throughout 2026.
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Articles
Zionsville company building new HQ at city’s Creekside Corporate Park
Zionsville-based Intelligent Living Solutions, which currently operates from two different local sites, plans to bring everything under one roof in a new 20,000-square-foot location on 106th Street in Creekside Corporate Park.
Trump seeks to quell rebellion over data centers
Trump is attempting to ease voters’ concern over the AI build-out as the politics of data centers is rapidly shifting against Silicon Valley and lawmakers who support its push to quickly build hulking structures nationwide.
Simons expand property holdings near Gainbridge Fieldhouse
Led by investments at and around Gainbridge Fieldhouse, Herb Simon and his family have spent over $26 million the past two years buying more than a half-dozen downtown properties.
Construction nearly complete on outdoor facilities at Carmel Gateway office park
The owners of central Indiana’s largest office park said they are nearly finished with a second phase of renovations to the campus, which includes new outdoor amenities that will allow workers to hold meetings at a lakeside amphitheater and enjoy recreational activities.
Dozen-plus Indy-area industrial parks sold to California firm
The portfolio consists of 38 buildings in total with a healthy collective occupancy rate of 97.5%. Their value as renovated space is far greater than new construction, according to the seller.
Simons buy two more properties on South Meridian bar belt near hotel, entertainment project
The acquisitions are within a stone’s throw of the family’s planned hotel and music venue project at the former CSX site.
INCOG BioPharma investing additional $200M to expand Fishers campus
INCOG, which now employs just more than 400 people in Fishers, plans to have nearly 1,000 people working at its 21-acre campus by 2030.
Suburbs, downtown seeing uptick in office demand after years of decline
After tens of millions of dollars of investment by property owners and developers, industry insiders say the office market is finally beginning to show signs of long-term recovery.
Carmel’s Clay Terrace shopping center acquired by Houston-based firm
The buyer said it will work with the city of Carmel over the coming months to develop a plan for the 493,000-square-foot retail center.
Q&A: Melissa St. John leads company that manages office moves, makeovers
St. John, an interior design major who graduated in 1992 from Purdue University, spoke with IBJ about navigating the era of remote work and her experiences in public speaking.
Simon family firm eyes Ritz-Carlton hotel for downtown development
The 170-room hotel would occupy the southwest corner of Georgia and Pennsylvania streets and feature a skywalk connector to the club level of Gainbridge Fieldhouse.
Kimpton developer eyes late 2026 opening for $110M downtown hotel
The 18-story Kimpton has been in the works since late 2017, with its price tag almost doubling from the original $57 million planned investment.
Owner of downtown’s Landmark Center office tower facing foreclosure
The tower is the city’s 10th-largest downtown office complex, according to IBJ research. Its two largest tenants are IU Health and Volunteers of America.
UPDATE: Indianapolis Star to relocate downtown office
The newspaper’s offices have been located in Circle Centre Mall since late 2014, when it spent $10 million to overhaul the former Nordstrom store space.
Tax consulting firm moving to Keystone at the Crossing amid park’s $35M overhaul
DuCharme, McMillen & Associates Inc. will occupy slightly more than one-half of its Keystone at the Crossing building when it moves there next year.
Attorney general sues over health code violations at massive Castleton apartment complex
The landlords of a 1,261-unit apartment complex that has twice been sold at state record prices are accused of endangering tenants by failing to address unsafe conditions.
Real estate firm announces plan to turn Carmel’s Hamilton Crossing into mixed-use development
GSR Development plans to incorporate residential, retail and Class A office and hotel uses into the redevelopment of Hamilton Crossing, which is the second-largest office park along the North Meridian Corridor.
8-person brokerage team moves to Colliers from competitor
The team, led by 19-year industry veteran Matt Waggoner, has been involved in several major deals in recent years.
Telecom company plans data center near Township Line Road on Indy’s north side
The single-story data center, which would use a relatively modest 4 megawatts of power, would be located on a largely wooded property that already includes a 1,000-foot broadcast tower.