Bloomington now requiring visual standards for chains
Mayor Mark Kruzan succeeds in five-year battle for ordinance to protect downtown from visual blight.
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Duke unloads office buildings for $150M, report says
The six Duke Realty Corp. properties in the Cincinnati area included the 403,000-square-foot Towers of Kenwood development, which sold for $69.2 million, according to the Cincinnati Business Courier.
Carmel developer sinks $66M into four senior communities
Leo Brown Group opened two facilities in Indianapolis and Avon in June, and has started construction on two similar projects in Ohio and Kentucky.
Multifamily projects abound in Chatham Arch, Lockerbie
The four projects, one of them condominiums, would add nearly 280 units within about a four-block stretch from East Michigan Street north to Massachusetts Avenue.
First Financial nabbing new hub, closing 3 branches
Cincinnati-based First Financial Bank is shuffling its operations in the Indianapolis area, including moving its regional hub to a new downtown location and opening a high-profile branch in the same building.
State sits on prime downtown property near Statehouse
Three locally based firms responded to a state request for private-sector parking management, plus the construction of new spaces, by proposing mixed-use buildings for a 3.2-acre lot north of the Statehouse, according to response documents made public late last month.
Ambrose snags vacancy-plagued Meridian Street property
Ambrose Property Group Inc. is doubling down on the struggling downtown office market by purchasing its second property within six months.
Milhaus starts project in Oklahoma City
The $42 million project is Milhaus' second mixed-use project outside the Indianapolis area.
Good Earth avoids $1M judgment over Broad Ripple project
Browning Investments had sought to make the health food store and a Broad Ripple resident post a $925,000 bond to cover costs related to construction delays stemming from an appeal related to the apartment-and-retail project.
Kite completes $1.2B Inland acquisition
The deal swells Kite’s roster of properties to more than 130, giving it a higher profile, greater operating efficiencies and more clout in negotiations with tenants.
New airport-area hotel will be rarity in market
Holladay Properties and Schahet Hotels Inc. are partnering on a new full-service Holiday Inn that’s expected to open early next year.
Simon sues insurance companies over fatal escalator accident
The mall manager has filed a lawsuit against two insurance companies claiming they should have covered its loss stemming from a teenager’s escalator fall in 2009.
East-side associations fight gas-station plan
A property owner’s plans to convert the northwest corner of East 10th Street and Emerson Avenue into a convenience store and gas station are causing consternation among neighborhood leaders who hope to stop the project.
Airport in talks with user for 149-acre site
A deal to lease most of the land has momentum, according to an Indianapolis International Airport official. The city had been eying the parcel for its criminal justice complex.
Developer requesting $1M over Broad Ripple project delays
Browning Investments Inc. is seeking the damages from opponents of its proposed $30 million apartment-and-retail projects for costs related to construction delays due to a pending appeal.
CBRE awarded management of Chase Tower, PNC Center
The real estate brokerage won the business following a shakeup at Commonwealth REIT, which owns the building. An investor campaign led to the ouster of its board in March.
Flex-office operator adds 58 suites in Mass Ave area
Regus Group plc, which has other locations in the Indianapolis area, has taken more than 10,000 square feet downtown to open its latest flex-office center, where business owners can rent space by the day, week or month.
Plainfield logistics firm to move to new HQ
Plainfield-based Hanzo Logistics plans to move about a half-mile north to a new $17 million headquarters and distribution facility, expected to be complete in September.
Simon promotes longtime treasurer to CFO
Simon Property Group Inc. announced Wednesday the promotion of Andrew Juster to chief financial officer, succeeding longtime CFO Stephen Sterrett.
Wal-Mart to open e-commerce center in Plainfield
The giant retailer said it will build a 1.2.-million-square-foot e-commerce fulfillment facility in the AllPoints Midwest industrial park that will employ up to 303 workers by 2016.