Indianapolis among 20 finalists for new Amazon headquarters
Seattle-based Amazon solicited proposals in September for its second corporate seat, a project that’s expected to cost more than $5 billion and create 50,000 jobs.
Commercial Real Estate
Articles
Simon settles suit with Starbucks over closing Teavana stores
The Indianapolis-based mall owner had sued Starbucks, attempting to stop the coffee giant from closing dozens of Teavana locations at its properties.
IPS fields five bids for buying, revamping site on hot East 16th Street corridor
The 4.5-acre parcel just east of the Monon Trail received a high bid of $2.75 million. All of the proposals would mix commercial and housing development.
Massive north-side office park fetches $133 million
Philadelphia-based Rubenstein Partners and Strategic Capital Partners of Indianapolis have acquired the Precedent Office Park, the second large local business park purchased by the partnership in the past 18 months.
Artist Noel upgrades Zionsville landmark in hopes of making it more marketable
She has listed the historic church building since 2015, originally for $1.85 million, but has dropped the asking price to $1.59 million as she finishes a second round of renovations.
Westfield approves development around Wood Wind Golf Club
The proposal from Paul Rioux, owner of Platinum Properties Management Co. LLC, is for a 309-acre development and would keep the golf course open.
The Yard in Fishers adds third eatery to complex’s lineup
A Miami-based operator plans to break ground this year on a vegan-friendly eatery and juice purveyor that might seed several other locations in the Indy area.
Claymon brothers sell off another mobile office business
Brent and Matthew Claymon, the entrepreneurs known for selling Pac Van Inc. for tens of millions of dollars in 2006, have sold another Indianapolis-based company that leases mobile offices and storage units.
East 16th Street revival hits high gear
In the last three years or so, development along a roughly 20-block section of East 16th Street stretching from Pennsylvania Street east past the Monon Trail has exploded.
Brokers, developers anticipate hale, hearty year in real estate
A sturdy office sector, hot industrial demand and some steamy retail categories are expected to boost Indy’s commercial real estate market in 2018.
Indiana Supreme Court to consider Simon, Teavana dispute
A lower court judge temporarily blocked Starbucks from closing its Teavana stores because of its lease obligations.
TWG again seeking tax credits for delayed church project
The local developer has modified its plan and wants to build an affordable senior housing project on the far-east-side church property instead of in the church itself.
Butler closes on purchase of seminary buildings, 40 acres of land
Butler University’s College of Education plans to move into the main Christian Theological Seminary building in the 2018-2019 academic year.
Simon investing heavily in upgrading, transforming mall properties
The Indianapolis-based retail real estate giant is spending $1 billion annually to upgrade its high-end properties, including adding splashy non-retail features like housing and hotels.
Former downtown bus station in transit to transformation
The owner of the structure, which served as a Greyhound bus terminal until 2001, is modernizing the space in hopes of attracting a mix of office tenants and restaurants.
San Francisco firm converting historic downtown office building into hotel
The 109-year-old building—once the tallest structure in Indianapolis—is slated for a transformation into a 130-room hotel expected to open in early 2020.
Indianapolis real estate attorney Karl Haas dies at 57
Attorney Karl Haas worked on some of the Indianapolis area’s biggest real estate projects over past last three decades.
Three-story building to rise on hot East 16th Street corridor
Mainstay Property Group has won approval to construct the office and retail project as the street’s commercial revival kicks into high gear.
Known for malls, Simon turns to apartments, hotels
The company said it hasn’t lost faith in brick-and-mortar retail but now is broadening its development focus in a quest to continue increasing the value of its real estate holdings.
Judge sides with Simon, bars Starbucks from closing Teavana stores
A Marion Superior Court judge has granted the Indianapolis-based mall giant’s request for a temporary injunction, at least for now preventing Starbucks from closing 77 Teavana stores in its properties nationwide.