Duke paying special dividend after $2.8B divestiture
The special payout will cost the company more than $302 million.
Office Complexes
Articles
Tech industry growth boosting local office market, report says
Growth in the technology industry has become a big driver of activity in the local commercial real estate market, according to a new report by CBRE, which ranked Indianapolis fourth for tech-job increases among U.S. cities.
Plan to develop 211 acres at Fishers airport site takes flight
Local officials say the land, part of Indianapolis Metropolitan Airport, could house up to 1 million square feet of new commercial development under a plan approved on Friday.
Irvington marketing firm buys building, prepares to exit lodge
The firm is rehabbing a commercial building in Irvington that’s been vacant for 30 years and saying goodbye to its longtime, idiosyncratic corporate home.
Hospital system leases north-side building
St. Vincent Health filed an application Sept. 22 with the state, seeking to remodel 192,327 square feet of the Parkwood West Building, 250 West 96th St., for administrative offices.
Fishers seeking to develop two parcels by Nickel Plate Amphitheater
The parcels, which are divided by Municipal Drive, could be developed into 65,000 square feet of office space.
Oklahoma City firm set to buy spiffed-up Market Tower
Square Deal is purchasing the 30-story building from Zeller Realty, which put it on the market in the summer after spending millions on renovations and improving occupancy.
Downtown’s Pan Am Plaza building hits market
At 138,800 square feet, it’s downtown’s 19th-largest office complex. But the building played a major role in the city’s efforts in becoming a sports town worthy of hosting a Super Bowl.
Keystone poised to buy AT&T tower that vexed current owner
Local developer Keystone Group is nearing a deal to buy the 20-story building just north of Monument Circle and is considering a range of possibilities for the half-million-square-foot property.
Owner of Five Seasons sports club puts north-side property on market
Corporex, which announced earlier this month that the fitness club would close on Sept. 30, is shopping the site as an opportunity for an office redevelopment.
Tech activity driving downtown office demand
Vacancy continues to decline as Salesforce takes more space in the city’s tallest building and other tech firms put down stakes. And with the greater demand, rents are escalating.
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.
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.
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.
Revamped Market Tower set to hit sale block
The owner of Market Tower is shopping the downtown skyscraper after spending millions on upgrades to increase occupancy and make it more appealing to younger companies.
Nebraska firm buys North Meridian office buildings
One & Two Penn Mark contain 243,271 square feet of Class A office space, and are 82 percent occupied.
New owners of Gold Building weighing restaurant or office addition
The project could take shape on property directly adjacent to the City Market, in addition to $8 million in renovations planned to spiff up the Gold Building and a neighboring office complex.
Neighbors try to save 86th Street woodlands from development
A developer wants to build a $20 million office and retail building at the northwest corner of East 86th Street and North Keystone Avenue.
Proposed zoning along U.S. 31 in Carmel would allow residential, more retail
The city is considering eliminating the highway’s Corridor Overlay, which prohibits residential use and restricts retail, parking, and building locations and sizes.
Salesforce sign taking shape on state’s tallest building
The San Francisco-based tech giant’s moniker atop the 48-story skyscraper replaces the Chase logo that adorned the building for years following its acquisition of Bank One.