City strengthens building-permit process
The pre-permit review could add nearly three weeks to the current permitting process
Commercial Real Estate
Articles
O’Malia’s closing northside market after 33 years
The O’Malia’s Food Market near 56th Street and Emerson Avenue will close for good this weekend after a 33-year run.
Shopping center vacancies continue to climb
Vacancies at U.S. shopping malls and retail strip centers have climbed to steep levels, a trend that Indianapolis-based commercial
real estate companies Simon Property Group Inc. and Kite Realty Group Trust haven’t been able to dodge.
Grocery, housing projects could rejuvenate stretch of 16th Street
A troubled low-income housing project has a new owner with plans to redevelop the complex to better
connect with the Herron Morton Place neighborhood. Next door, Kroger has revived efforts to acquire
land and plan a new supermarket to replace a cramped, old-format location.
Firms line up to find new uses for old airport terminal, other properties
The cash-strapped Indianapolis Airport Authority suddenly can’t look soon enough at developing some of its vast real
estate holdings, including the city’s former passenger terminal. This month, it plans to conduct final contract
negotiations with a firm that would study reuse of the old terminal, adjacent land and other airport holdings.
Proposed Fishers medical park faces uncertain demand
The business park would encompass about 900 acres on the town’s northeast side and require rezoning
of much of the land, from residential and agriculture to commercial.
Controversial downtown project to get tax abatement
The Indianapolis Metropolitan Development Commission approved a 10-year tax abatement Wednesday afternoon for a controversial
public-private plan to redevelop a vacant downtown office building.
Cabela’s puts Greenwood property up for sale
Cabela’s is selling the land on which it had planned to build a store in Greenwood.
Proposed Fishers medical park faces uncertain demand
Fishers development officials hope to create a huge cluster of medical and research facilities near Interstate 69’s Exit
10, near St. Vincent Medical Center Northeast, but local real estate experts disagree about the amount of potential demand
for such a development.
Indiana property owners to save more than expected
Property owners in Indiana are expected to save more on their tax bills in the next two years than originally predicted
because of caps on property taxes.
Fishers officials propose huge medical park
Fishers development officials anticipate unveiling plans for a huge medical business park near Interstate 69’s Exit 10
Wednesday
night at the town’s regular council meeting.
Exterior work on bank tower wraps up with Regions sign
The Regions Bank name and logo are joining the city’s skyline atop One Indiana Square, also known as Regions Bank
Tower.
Regions Bank joins skyline
The Regions name and logo are joining the city’s skyline atop One Indiana Square.
Bloomington looking at downtown chain-store ban
A committee will research a proposal from Bloomington’s mayor to ban new chain or “formula” businesses from parts of the city’s
downtown.
Hat World acquires Minnesota sporting goods dealer
Indianapolis-based Hat World Inc. said Monday that its Impact Sports division has acquired Great Plains Sports in St. Paul,
Minn.
Historic Landmarks returning to headquarters
The Historic Landmarks Foundation of Indiana is set to return to its headquarters in downtown Indianapolis tomorrow, six
months after a fire at a neighboring apartment project displaced the not-for-profit.
Clinton, Bird among mourners at Simon funeral
Former President Bill Clinton described Melvin Simon as one of the most remarkable people he’s ever met as he gave a eulogy
today during the funeral for the billionaire shopping mall developer and Indiana Pacers co-owner.
New owner to rehab two century-old apartment buildings
A local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.
MANN: Commercial real estate is next mortgage crisis
The cresting wave of maturing commercial real estate debt is the second act in our nation’s credit crisis.
‘Dewatering’ system creates space, keeps new Marriott’s basement dry
A sprawling network of drainage pipes is designed to keep the underground parking garage of the new JW Marriott hotel dry.