Fourth-quarter 2012 commercial real estate statistics for Indianapolis
Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates and the local industrial market.
Commercial Real Estate
Articles
Former Thomson site may be ripe for development
The vacant 49-acre Sherman Park business complex might finally be redeveloped now that the owner has exited bankruptcy and demolition has started on its main building.
West Clay commercial building set for sheriff’s sale
The 24,400-square-foot building was owned by CFS Inc., a Carmel company accused by the Indiana Secretary of State’s securities division of misappropriating the funds of elderly clients who bought ownership interests in rental properties.
Former Thomson site may finally be ripe for redevelopment
The vacant Sherman Park business complex on the east side has been taken from a private developer in a bankruptcy reorganization, and several parcels of the 49-acre property are listed in the county's annual tax sale.
IBJ Real Estate Power Breakfast transcript
Indianapolis Business Journal gathered leaders in the state's commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 13. The following is an unedited transcript of the discussion.
Mall owners go from first to last in REIT market
Shopping mall owners like Simon Property Group, the best-performing U.S. property stocks for four years, have tumbled to the worst as sluggish retail sales and limited opportunities to expand drive investors to look elsewhere for earnings growth.
Two troubled downtown office buildings turn tenants’ heads
The Landmark Center at 1099 N. Meridian St. and the historic Century Building at 36 S. Pennsylvania St. (pictured) are both in receivership but attracting interest from potential buyers and tenants.
Pan Am Plaza hotel may sweeten bowl bid
Indianapolis officials hope to include plans for a new downtown luxury hotel in their bid for the 2018 Super Bowl, but they’re not sure all the pieces for a deal—potentially on Pan Am Plaza—can be put together before a bid presentation for 32 NFL owners in May.
Zionsville believes in power of small loans
The town has started supporting tiny business loans in its tax-increment financing district.
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.
Butler’s $4M parking project coming to close
The private university is slated to finish improvements soon to 90 acres of land it owns west of the Central Canal that should help alleviate parking problems and give the public better access to the waterway.
Mammoth distribution center sold to California firm
A real estate firm with growing holdings in the Indianapolis area has purchased a 1.1 million-square-foot distribution building in the AmeriPlex at Indianapolis business park.
$11M Irvington apartment project entering second phase
Irvington Lofts, a 50-unit affordable housing project, is slated to open in the fall, as construction begins on a nearly 6,000-square-foot adjacent medical office that will be occupied by Franciscan St. Francis Health.
Broad Ripple apartment project gets preliminary approval
The controversial residential-and-retail development along the Central Canal got the nod from a city hearing examiner on Thursday. A zoning change and variances for the project still require additional approval.
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.
Simon suffers setback in antitrust suit
A federal lawsuit alleging monopolistic behavior by Simon Property Group Inc. likely will proceed to trial after a federal judge in South Bend denied a motion by the Indianapolis-based mall giant to dismiss the 3-year-old case.
Trust invites bids on GM stamping plant property
The owner of the 102-acre site has selected 12 companies and asked them to submit redevelopment plans. A deal could be announced by the end of the year.
HDG Mansur hit with $5.8M court judgment
A federal judge in New York has slapped HDG Mansur with a $5.8 million judgment, ruling in favor of a former client that said the Indianapolis real estate firm misappropriated funds.
Developer poised to build 900,000 square feet of industrial space
The two buildings, one totaling 475,000 square feet and the other 450,000 square feet, are set to be built on 52 acres in Plainfield that Opus has owned since 2008.
Dispute over Uptown Business Center in SoBro gets messier
The dispute started in October when the lender tried to take possession of the building at the southwest corner of 49th Street and College Avenue. Now the owner has filed Chapter 11 to delay foreclosure proceedings.