Kite Realty Group Trust Inc. reported a narrow first-quarter loss as a healthy revenue increase and a gain on the sale of an out-of-state shopping center were partially offset by a $1.3 million litigation charge.
Simon Property Group Inc. this year joined the Standard & Poor’s 100 Index, a listing of the nation’s largest and most established companies including Apple, Coca-Cola and McDonald’s. The Indianapolis-based company is the only real estate company on the list and is now the largest real estate company in the world.
A locally based developer and owner of senior health care centers has filed to go public as a real estate investment trust in Canada.
Scott and Debbie Bennett sank their savings into purchasing Greenwood's Yokohama, which had a past peppered with disappointed patrons.
Cornelius M. Alig, chairman and CEO of Mansur Real Estate Services Inc., filed for Chapter 7 protection, listing $11 million in personal debt he attributed to the prolonged slump in the real estate market.
Hohmann has been involved in numerous high-profile real estate deals over the years, including the transaction that resulted in development of Intech Park and assembling about 60 acres for Clay Terrace in Carmel.
The town of Speedway will pay Clear Channel $189,000 for its interest in a key piece of property near the Indianapolis Motor Speedway.
Anderson officials plan to demolish a former meat-processing plant and convert the 5-acre property into a maintenance and storage area for the wastewater department.
Simon Property Group Inc. said sales at its U.S. malls jumped 11.2 percent in its most recent quarter, to $546 per square foot. Simon malls were 93.6-percent occupied, up from 93 percent.
Indianapolis-based Duke Realty Corp.’s financial performance in the first quarter met analyst expectations even though the company suffered a $36 million loss and saw revenue decline by $65 million.
Albert M. Donato Jr., 70, founded the Indianapolis commercial real estate and property management firm in 1988 and most recently served as CEO and board chairman.
Forever 21 is more than tripling its square footage at the north-side mall by taking the former Borders bookstore space.
Investment Property Advisors agreed to reduce the size of the apartment building from 26 stories to 10 stories and from 485 units to 319 units to help gain support from the city.
An upscale supermarket chain focused on natural and organic products is taking the former Borders bookstore space at Hamilton Town Center. The store will be the first in Indiana for the privately held chain.
Philo Lange, former managing partner of NAI Olympia Partners, lists nearly $12 million in unsecured claims, almost half of which is owed to PNC Bank, according to court documents.
Wisconsin-based Regal Beloit Corp. has hired Browning/Duke Realty to build a 376,000-square-foot distribution center in Plainfield, the company announced Tuesday.
Net absorption was the highest in five years, chipping away at what has been a chronically high vacancy rate.
Plans call for the vacant, two-story former Bank One Operations Center at the northwest corner of Washington and East streets to be converted into a five-story apartment building with office or retail space on the first floor.
IBJ's Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates and the local industrial market.
A study commissioned by the office of Mayor Greg Ballard envisions a much more densely populated, walkable downtown core stretched by several blocks and supported by another Circle Centre mall's worth of retail and enough new office space to double the size of Chase Tower.
