The company, which entered the market in 2020 by opening coworking centers in Broad Ripple and Noblesville, announced formal plans Wednesday to open additional Indianapolis-area centers—in Martindale-Brightwood, Carmel, downtown Indianapolis and Zionsville.
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The acquisition by Felton Properties, which equals about $164 per square foot, marks the Oregon-based firm’s first venture into the Indianapolis market.
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Marion County Prosecutor Ryan Mears said his hesitancy arises from concerns over how such a move could increase the prosecutor’s operating costs.
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Some large downtown employers say they expect most or all of their workforce to return to the office full time. Others say they’re adopting hybrid models that offer employees the option to work remotely at least part of the time.
Read MoreFast-growing software company Greenlight Guru recently moved into new, bigger office space at the Union Campus on South Meridian Street. The company says it is committed to maintaining physical offices, even as its remote workforce grows.
Over the last two years, the Stenz Construction Corp., Third Street Ventures and Pure Development have undertaken a $25 million renovation of the former U.S. Corrugated Box Co. building.
Last year, companies around the U.S. scrambled to figure out how to shut down their offices and set up their employees for remote work. Now, they are scrambling to figure out the best way to bring many of those employees back.
A Gallup poll taken between October and April found that 40% of white-collar workers would prefer to continue working remotely as much as possible, while 21% would rather return to the office (and 29% were not working remotely, while the rest didn’t want to go back because of coronavirus concerns).
Citing multiple sources familiar with the project, IBJ first reported on the company’s overall plans June 17. Rolls-Royce said Monday that it does plan to vacate two of the three buildings at the Meridian Center campus, but said it would continue to occupy a different building than earlier reported.
If built as proposed, the tower would be the tallest structure to be built downtown since the 28-story 360 Market Square building was completed in March 2018.
The embrace of “maximum telework flexibilities” amounts to a massive shift for the federal government, which has long lagged behind the private sector when it comes to offering remote work.
Indianapolis-based KennMar LLC acquired the former Caribbean Cove water resort property on the city’s north side and another Drury hotel site at Interstate 465 and West 71st Street.
Given the revolution in staffing, it’s safe to say office redesigns will deal with two new normals—accommodating fewer full-time workers and making workspaces more resistant to the spread of disease.
The work-from-home and online-shopping trends are expected to permanently reshape demand for office and retail space, says Hessam Nadji, CEO of the Calabasas, California-based commercial real estate financing and advisory company.
Interior designer Regan Billingsley still spends some time in her Washington, D.C., studio, but for much of the past year, she has been doing a fair amount of work from home.
A 125-year-old landmark firehouse on East Washington Street that previously housed a photography business and a reception center for Angie’s List has been donated to the Indianapolis Metropolitan Police Department.
Ford’s announcement sent one of the clearest signals to date that the pandemic has hastened a cultural shift in Americans’ work lives by erasing any stigma around remote work and encouraging the adoption of technology that enables it.
A Salesforce decision to permit employees to work remotely even once the pandemic subsides could have long-lasting effects on the downtown office market.
Westfield-based Patch Development is planning to turn 75 acres of farmland along State Road 37, north of 146th Street, into a new business park. City officials will consider a $6.7 million bond to support the project, in the hopes that it brings more than 500 jobs to the city.
Investors have poured money into industrial properties in 2020, spending more on U.S. warehouses than office buildings for the first time as social-distancing pushes even more consumers to e-commerce.
More than half of U.S. employees currently working from home say they’d like to keep their remote arrangements beyond the pandemic, according to a Pew Research Center survey released Wednesday.
A planned two-building office headquarters in Broad Ripple for staffing company Eight Eleven Group is another step closer to approval.
The poll, conducted for Cisco Systems by Dimensional Research, concluded that working from home is the “new normal.”
As much as people have reveled in their at-home informality, they also speak of a desire for normalcy, a condition marked by a return to the office – with all its bells and whistles. They want to wear the clothes that have gathered dust in their closet. They want to wear all those clothes that still have price tags on them because the restaurants closed, the theaters went dark and the parties were all canceled before they could be debuted. They want leggings, but a dressier version.
