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.
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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.
UPDATE: Buc-ee’s eyes Indianapolis area for first Indiana location
Multiple sources told IBJ the company has been exploring potential locations across the state for years, and it appears officials are nearing a deal. More than one location in central Indiana also is a possibility.
Plan for Zionsville’s long-vacant ‘Citgo lot’ calls for office-and-restaurant building
Jaffe Realty Co. plans to invest $12 million to redevelop the lot at 420 E. Main St., which has been empty for 14 years.
Commission signs off on city’s nearly $11M purchase of downtown heliport
The commission’s vote authorizes up to $11 million in cash from the city’s downtown tax-increment financing district to be used for the purchase.
Emagine theaters acquired by Belgium-based cinema chain
U.S. movie theater chain Emagine Entertainment, which operates a luxury multiplex at Hamilton Town Center in Noblesville, has agreed to be acquired by Belgium-based cinema chain Kinepolis
Abrupt crane bay demolition at former GM stamping plant site caught many off guard
It took only a five-line clause in the state’s August land sale to Elanco Animal Health to bring down what was left of a nearly 100-year-old crane bay along the western bank of the White River.
Is Washington Square Mall for sale? Here’s what the owner says.
Vijay Kumar Vemulapalli, principal of Washington Square owner Durga Property Holdings, said he thinks the city of Indianapolis is issuing code violations in an attempt to force him to sell the property.
Elevator Hill investors buy former Capitol City Fence property with historic building
Other new developments around the former Angie’s List campus include the purchase of a home at 1149 E. Market St. and the opening of a cafe and bake shop at 1008 E. Washington St.
Examiner recommends city deny east-side Wawa request
Joe Calderon, a Barnes & Thornburg attorney representing Wawa, told reporters that he is unsure whether Wawa will appeal.
Fast-growing Bargersville eyes $59M apartment-and-retail project near downtown
Property that formerly housed the Bargersville Flea Market could serve as an entryway for a larger mixed-use district offering restaurants, retail and residential components.
Q&A: Holladay executive brings brokerage experience to development role
South Bend-based Holladay has several other major projects underway, including Pembroke Place, the redevelopment of the former Angi Inc. headquarters, and the conversion of Circle Tower into a hotel.
Purdue plans to spend $70M for downtown Indianapolis apartment property
The market-rate apartment complex, which is almost fully leased, is a four-story, 400,000-square-foot property that occupies an entire city block.
Owner of former Chef JJ’s Downtown restaurant lists building for $2.1M
Zoning changes or modifications to the building—including demolition—would require approval from the Indianapolis Historic Preservation Commission.
Huse Culinary could temporarily move downtown restaurant during Circle Centre redevelopment
Hendricks Commercial Properties wants to build an upscale hotel where Harry & Izzy’s now operates as part of the planned $600 million redevelopment of Circle Centre over the next decade.
Arrow McLaren seeking tax breaks on $30M headquarters project
Arrow McLaren expects to make a total investment of $30 million in its new home at 7615 Zionsville Road and is seeking city and state incentives to help reduce the cost of the project.
Kentucky-based retailer to open at former east-side RoomPlace store, warehouse
Big Sandy Superstore, which sells furniture, appliances, mattresses and electronics, opened its first area store last month in Plainfield.
Owners of east-side industrial park seeking $8.8M tax break on $125M expansion
The project would fill out the rest of the available land in Thunderbird Commerce Park, which is situated on the former site of the Ford Visteon Plant.
City to consider $18M bailout loan to keep delayed Gold Building redevelopment afloat
The Gold Building conversion at 151 N. Delaware St. is expected to replace 400,000 square feet of office space with more than 350 apartments and nearly 8,000 square feet of ground-floor retail.
Plastic container manufacturer to employ 56 workers in Whitestown
Members of the Whitestown Town Council unanimously approved a personal property tax abatement for Ring Container Technologies, which plans to invest $77 million in an existing warehouse.