Herbert “Bert” Whalen, who operated Oceanpointe Property Management in Indianapolis, engaged in a scheme to obtain millions of dollars from dozens of out-of-state investors, prosecutors said.
Sourwine Real Estate scion tackles top role due to family health issues
Joe Sourwine, 34, took over the role of president at his family’s firm, Sourwine Real Estate Services, earlier this year after his father was diagnosed with amyotrophic lateral sclerosis, commonly called ALS.Read More
Indianapolis Zoo secures 28 acres of land for expansion
The parcels, which are south of West Washington Street and east of South Harding Street, are expected to be turned into permanent parking lots and additional zoo exhibits in the coming years.Read More
New owners of Tibbs Drive-In predict bright future
The new owners, who recently acquired the 24-acre property, say they’ve already made some improvements to the four-screen outdoor theater, which has been in operation on the west side of Indianapolis since 1967.Read More
Massive Keystone Crossing office park sold to out-of-state partnership
The 1 million-square-foot, six-building office campus adjacent to the Fashion Mall at Keystone sold this week in a deal estimated by local real estate experts to exceed $105 million and possibly much more.Read More
Changes are in the works for several city-owned golf courses, after the Indianapolis Parks Department agreed to new, 10-year management contracts that are awaiting approval from the City-County Council.
A Carmel-based developer has reached agreements to acquire 14 homes in a neighborhood along busy 116th Street in Fishers and is planning to redevelop the land.
The city of Fishers and the Indianapolis Airport Authority have issued a call for proposals from parties interested in purchasing and developing a 65-acre site at the Indianapolis Metropolitan Airport in Fishers.
Ambrose partners with Glick as part of $200M first phase at Waterside development
Indianapolis-based mall owner Kite Realty Group Trust this month filed a request with the Marion County Board of Zoning Appeals to change zoning for some of the parking lots just east of the shopping center.
The Indianapolis Airport Authority, which owns the property, agreed to sell the land for $6.67 million to a real estate developer that owns several other properties in the area.
The city of Westfield has quietly used its Grand Junction tax increment financing fund to begin settling a lease disagreement with NinjaZone, which comes after the inaugural Colts Camp at Grand Park last summer took over the events center because of inclement weather.
Indianapolis Public Schools offered a comprehensive analysis Tuesday, showing strong demand for housing, retail and office development on the 16-acre site of the closed Broad Ripple High School. But that can’t happen without changes to state law.
The District Tap is proceeding with plans to open a location at 141 S. Meridian St. after receiving approval to add a patio door on Georgia Street.
Weaver’s Lawn & Garden recently closed after 57 years in business. The property owner said he is considering his options for the land.
Sun Development & Management Corp said the 11-story, 150-room project slated for a surface parking lot along South Meridian Street turned out to be “cost-prohibitive.”
The Great American Songbook Foundation received the massive property earlier this year as a gift from Bren Simon, the widow of late shopping mall magnate Melvin Simon.
The new owners of Precedent Office Park—a landmark business park on the north side of Indianapolis—are planning several amenity upgrades that take advantage of the property’s 38-acre lake.
White Lodging announced Tuesday that 40 acres would be redeveloped to include an event center, hotels, restaurants, an office building and housing.
The Carmel Redevelopment Commission has an agreement in place to purchase the shopping center, a deal that will allow the city to raze the existing building and develop another project.
Purdue Polytechnic High School on Friday announced it was no longer considering the former Broad Ripple High School building as a site for its second Indianapolis location.
In a letter to Superintendent Lewis Ferebee and the IPS board, nine lawmakers urged the district to quickly accept a verbal offer to lease the building for up to $8 million.
St. Louis-based Integris Ventures and New York-based Starlight Equity Partners paid about $3.1 million to purchase the seven-story building. It plans several more acquisitions in Indianapolis.
The industry, led by Target Corp., Best Buy Co. and KFC-owner Yum! Brands Inc., is pushing for a solution a last-minute drafting error that doubles the tax costs for badly-needed store renovations.