Northeast-side apartment complex fetches $30.2 million
A Nashville, Tennessee-based company has acquired the 398-unit complex in Castleton and plans to invest $4.7 million in the property.
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Simon Property tops quarterly estimates, raises full-year guidance
Shares in the Indianapolis-based mall owner rose in early-morning trading Tuesday after the company increased its quarterly dividend and its full-year guidance for 2017.
Changes coming to second floor of Salesforce Tower
Downtown Indy will move down from the 19th floor to take a portion of the space while the rest will be converted into a tenant lobby, featuring a bar and putting green.
Starbucks to close all Teavana stores as sales disappoint
Four of Teavana’s 379 locations—which will all shut down over the coming year—are in Indianapolis-area malls.
Kite sees profit, revenue growth on improving occupancies
Kite Realty Group Trust on Wednesday reported second-quarter financial results that topped Wall Street expectations.
Duke Realty tops analyst predictions with quarterly results
The Indianapolis-based real estate company exceeded expectations in a key financial category and posted huge earnings thanks to the sale of its medical office business.
Local apartment complex sells for state record $90.6 million
The second-largest apartment property in Indianapolis has traded hands for more than twice as much as it sold for just eight years ago.
Aging Anderson apartment complex getting new life
The Delaware Court Apartments in Anderson, which opened in 1926 and have been vacant since 2013, are being renovated.
Developer wants land in Greenwood zoned industrial
The 350 acres is mostly farmland but does include about a dozen homes.
City preservation officials sign off on $260M Bottleworks project
After months of discussions, the Indianapolis Historic Preservation Commission on Wednesday approved the design of a massive development that could transform the northeast end of Massachusetts Avenue.
Duke Realty moving up to S&P 500 stock index
S&P Dow Jones Indices on Wednesday said the Indianapolis-based real estate investment trust would be moved from the S&P MidCap 400 index to the S&P 500 index starting July 26.
UPDATE: Hamilton County residents question mystery development
Landowners in Hamilton County are being offered as much as $40,000 an acre by real estate agents, but it's unclear what plans are in the works.
Walmart selling Zionsville site for $7.5M despite winning court fight
After battling the town of Zionsville for more than 10 years, Walmart has decided it won’t build a store on Michigan Road after all.
Dermatology practice planning $7.2M Castleton headquarters
Dawes Fretzin Dermatology Group LLC has received preliminary approval for tax breaks from the city of Indianapolis to help it pay for a 30,000-square-foot free-standing facility near the Lowe’s Home Improvement store in Castleton.
Large, north-side apartment complex fetches $36 million
The community along North Keystone Avenue has been renamed and is undergoing more improvements from the new owner.
Carmel office building evacuated after tenants sickened
A North Meridian office building was evacuated and several people were taken to hospitals after a bad odor in the building was reported.
Greenwood preparing to pay $1M for vacant strip center
City officials want to demolish an aging and vacant retail property adjacent to Greenwood Park Mall to possibly make way for a park, since the property now sits in a floodplain and likely cannot be redeveloped.
Wine market, bar slated for Fountain Square space
The new retail and gathering place is leasing a high-visibility spot on Virginia Avenue where plans for a Japanese bistro recently were abandoned.
Whitestown sees flurry of industrial projects, more on horizon
Ten industrial buildings have been completed within the past 24 months, another three are under construction, and four projects are in the process of getting started.
Former GM site provides bounty of opportunity for developer
Ambrose Property Group is proposing a massive $550 million mixed-use project that would transform downtown’s western edge from afterthought to urban gem.