Greenwood developer target of foreclosure suit
Two Indianapolis-area retail centers are listed in a $16.8 million lawsuit that includes a total of six properties owned by the Presnell Companies of Greenwood.
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Auction set for Glass Chimney restaurant in Carmel
Real estate and furnishings for the Glass Chimney and casual-dining neighbor Deeter’s will be auctioned at 10 a.m. on Wednesday. The long-time restaurants closed this summer.
Broad Ripple group doubles down in fight over Kilroy’s
Members of the Broad Ripple Village Association are vowing to continue their fight against a new Kilroy's Bar n' Grill after they were denied a chance to speak out about the plan at a public hearing.
City to give Angie’s List $4.6M to buy properties for expansion
Money for real estate acquisition is a major component of the $7.1 million in incentives the city of Indianapolis offered Angie's List Inc. for expanding its headquarters campus to accommodate 500 more employees.
Local architecture firm moving HQ to former church
The architecture firm A2SO4 plans to spend about $1 million to renovate a long-vacant former Catholic church near the Lockerbie neighborhood as its new headquarters.
Owner attempting to foreclose on Walker Theatre property
Theater directors agreed to purchase the property north of the theater on contract in January 2006. Officials hoped to use the land to accommodate an expansion that never materialized.
Eastgate owner plots unusual office-space strategy
The owner of the former Eastgate shopping center has begun marketing a third phase of its mall overhaul: About 225,000 square feet of emergency backup office space.
Kite sees smaller loss, more revenue in 2nd quarter
Kite Realty Group Trust saw a smaller loss and higher revenue in the second quarter compared to the same quarter a year ago, the Indianapolis-based real estate investment trust announced late Thursday.
North of South gets a new name: CityWay
The $156 million mixed-use development at Delaware and South streets in Indianapolis has a new name designed to reference both the project’s downtown locale and the urban “way of life” it will offer.
Developer of government building sees potential for more
Ambrose Property Group broke ground last month on a 13,000-square-foot building at Intech Park that will house about 75 Social Security Administration employees.
Keystone Towers implosion set for late August
The long-vacant Keystone Towers apartment complex will be imploded Aug. 28 at 8 a.m., the Department of Metropolitan Development announced Monday afternoon.
Former Nordstrom space could find Super Bowl use
The massive space in Circle Centre mall vacated by high-end retailer Nordstrom could be used to host corporate events surrounding the big game.
Meridian latest brokerage to make affiliation move
The commercial real estate brokerage Meridian Real Estate is picking up the NAI Global affiliation previously held by Olympia Partners, which folded in January after a 20-year run.
Precedent joins ranks of battered developers
The Precedent Cos.—the local developer of The Precedent Office Park, Mount Comfort Commercial Park and several upscale residential communities in Hamilton and Johnson counties—is winding down operations in an out-of-court restructuring.
Lenders attempting to foreclose on Broadbent headquarters
Huntington National Bank and PNC Bank claim they are owed roughly $25 million on loans related to Broadbent Co.’s purchase and renovation of a building on East Washington Street downtown.
Duke Realty suffers loss on lower revenue
The Indianapolis-based real estate investment trust said it lost $29 million in its latest quarter, compared with a loss of $42.4 million in the same time frame a year earlier.
Simon Property results improve as U.S. retail sales advance
Indianapolis-based Simon Property Group Inc. said funds from operations rose 20 percent in the second quarter as rents and occupancies increased. The company raised its forecast for the year.
Prospects bright for Borders replacements
Brokers expect strong demand from other retailers, in part because the failed bookstore chain carefully chose its real estate, opting for locations near concentrations of affluent and educated consumers.
Borders liquidation another blow to retail real estate
Borders Group Inc.’s proposed liquidation will increase available U.S. retail space by about 6.3 million square feet as the industry struggles with near-record vacancy rates and stagnant rents.
Irvington scores Ossip, set for streetscape project
The Irvington retail trade area stands to get a big boost from two projects set to begin this fall: Ossip Optometry’s renovation of a historic building and a $2.9M makeover of East Washington Street designed to make the business district a draw for pedestrians.