Medical office likely will be the strongest sector, followed by apartments.
The team, which plans to build an office building in the 200,000-square-foot range, beat out six other groups that submitted proposals.
If the manufacturer and drugmaker can come to an agreement, Rolls-Royce would lease the space formerly occupied by Eli Lilly and Co. and relocate some of its 2,500 employees to the downtown campus on South Meridian Street. Discussions are expected to last several months.
Health care shows signs of life, and multi-family buildings continue to hold their own, experts said during a recent IBJ Power Breakfast.
Jeff Henry, managing principal of Cassidy Turley, believes the commercial real estate market has seen the worst but isn't far off the bottom yet. Meanwhile, banks are beginning to jettison properties in a wave of auctions.
The developer of an unfinished medical office complex on Binford Boulevard has filed for Chapter 11 bankruptcy protection in hopes it can retain control of the property and resume construction later this year.
CEO Deborah Hearn Smith said the move will eventually bring a cost savings, but it has other benefits.
Work force reductions, new business structure make leased office space unnecessary. Moves will begin in late June.
One of the city's top office brokers is launching a new tenant-rep group with a TV commercial after the Masters golf
tournament on Sunday.
A 10-year, $20 million deal for a civilian division of the U.S. Marine Corps to occupy four floors of the 28-story M&I
Plaza building downtown will push
the city’s sixth-largest office tower from a woeful 30-percent occupancy rate to about 50 percent.
Clarian Health Partners is considering converting a long-vacant, 180,000-square-foot Levitz furniture store on East Washington
Street into a center for home-health and pharmacy services.
The Indianapolis industrial real estate market didn’t escape the recession unscathed, but the sector outperformed most other
cities and took less of a hit than in the last recession.
A new task force is charged with making recommendations for development of the city’s downtown certified technology