Downtown’s south end poised for construction projects
A $17 million hotel should break ground in April, while plans for a parking garage could be followed by the construction of two office buildings that would cater to growing tech companies.
Commercial Real Estate
Articles
Henke hopes to land hotels, eateries, grocery along U.S. 31 in Westfield
Developer Steve Henke has revealed his preliminary plans for a 40-acre commercial project to be known as the Commons at Chatham Hills.
Fountain Square eatery temporarily closed by state
The Asian restaurant that’s been closed since Feb. 1 isn’t set to reopen until Feb. 15, allegedly due to violating state tax code, according to a sign on the door.
Scale Computing secures new digs downtown
The fast-growing tech firm is joining several companies that have signed up for space in a short-term-leasing operation not far from Lucas Oil Stadium.
Noblesville’s Corporate Campus fills in with homes, restaurants, retail and more
Noblesville laid the groundwork for the campus in 2002. When East 146th Street opened in 2007, city leaders believed it would take 20 years for the area to build out. But it’s happening much faster.
Contamination at former Coca-Cola plant site extends into neighborhood
The developer who is planning a $260 million redevelopment of the downtown property says a contaminant has seeped into the adjacent Chatham Arch area.
New owner of local Sylvan centers moving all three
Following his recent purchases, Ken Kolbow plans to move the tutoring facilities to locations where he thinks he can attract more students.
Kite Realty just misses quarterly expectations
Indianapolis-based real estate investment trust Kite Realty Trust fell just short of Wall Street predictions for revenue and funds from operations in the fourth quarter.
Marsh Supermarkets’ financial struggles have long history
Sun Capital Partners bought Marsh Supermarkets in 2006, rescuing it from potential collpase. But now, more than a decade later, the financial woes have returned.
Milhaus putting $450M apartment portfolio on market
Indianapolis-based developer Milhaus is marketing a massive package of multifamily properties that includes several high-profile developments in Indianapolis.
New York firm acquires high-profile Carmel office park
Hamilton Crossing, a high-profile Class A suburban office park with six buildings on 44 acres along U.S. 31 in Carmel, sold for an estimated $70 million.
Simon Property tops expectations with fourth quarter results
Indianapolis-based mall giant Simon Property Group saw increasing profit, revenue, occupancy and rents in the latest period.
Growing ad agency takes prime space on Monument Circle
Bradley and Montgomery has renovated the second floor of the Indianapolis Power & Light Co. building, adding modern touches while keeping some organic elements.
Old Spaghetti Factory building sells for $10 million
A New York firm bought downtown’s Station Place office building at Georgia and Meridian streets for just under the asking price.
Developer buying Milano Inn property for big mixed-use project
A South Bend-based firm envisions condominiums and a mix of retail and restaurant space on the site of the hallowed Italian eatery that closed late last year.
Duke Realty tops expectations with fourth-quarter performance
Duke Realty Corp. on Wednesday reported funds from operations and profit in the fourth quarter that surpassed Wall Street expectations.
Hilton planning two hotels in Indy under new brand
Called Tapestry, the brand is designed to jump on the bandwagon for individualized and upscale hotels with distinctive local features.
UPDATE: Circle Centre anchor Carson’s commits to 5-year lease extension
The department store’s lease had been due to expire next January. If it had pulled out, the downtown mall would have been left with no anchors.
Carmel’s redevelopment strategy paying off, IU study says
The city of Carmel’s huge investment of public dollars into its central core has paid off when it comes to generating economic activity, jobs and additional investment in the area, according to a new study by the IU Public Policy Institute.
Foreclosure suit alleges Mainscape affiliate owes more than $6M on loan
The 100,000-square-foot building on Keystone Avenue once served as the headquarters for the landscape firm Mainscape Inc.