Property Management – Indianapolis Business Journal

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Fishers selects manager for planned $170M event center

February 17, 2023

ASM Global, a Los Angeles-based facility management company, has agreed to terms with Fishers officials to oversee day-to-day operations for the the venue and event-attraction efforts.

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Sourwine Real Estate scion tackles top role due to family health issues

August 30, 2022

Mickey Shuey

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.

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Residents at downtown apartment building sue Indianapolis Housing Agency, property owner over safety concerns

July 14, 2025 | Zak Cassel, WFYI

Elderly and disabled residents of subsidized public housing at the Richard G. Lugar Tower Apartment Complex in downtown Indianapolis are embroiled in a multiyear conflict over safety and sanitation issues.

Indiana Supreme Court hears dispute over overgrown bush at rural intersection

June 6, 2025 | Madelyn Hanes, Indiana Capital Chronicle

Tensions ran high as justices heard arguments in a case that could change who has the duty of care—private property owners or county officials—for visual obstructions at rural intersections.

Indianapolis man pleads guilty in real estate rental fraud scheme

March 1, 2022 | IBJ Staff and Associated Press

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.

Managers planning changes after winning city golf course contracts

October 9, 2019 |

Mickey Shuey

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.

Indianapolis Zoo secures 28 acres of land for expansion

October 2, 2019 |

Mickey Shuey

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.

New owners of Tibbs Drive-In predict bright future

July 12, 2019 |

Susan Orr

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.

Massive Keystone Crossing office park sold to out-of-state partnership

June 26, 2019

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.

Developer buying homes in Fishers neighborhood for new project

June 6, 2019

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.

Fishers, Airport Authority seeking buyers for prime 96th Street site

May 29, 2019

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

May 22, 2019 |

Mickey Shuey

Ambrose partners with Glick as part of $200M first phase at Waterside development

Kite, Milhaus planning 7-building apartment complex next to Glendale

May 20, 2019

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.

Chicago developer to buy 57-acre Plainfield property near airport

May 17, 2019

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.

Westfield set to pay Grand Park tenant $625,000 over lease dispute

May 9, 2019

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.

IPS sees ‘tremendous market’ for Broad Ripple site, but first needs change in law

March 27, 2019

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.

District Tap gets needed approval to open downtown site

March 12, 2019

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.

Broad Ripple nursery owner says nearby redevelopment played role in closure

December 11, 2018

Weaver’s Lawn & Garden recently closed after 57 years in business. The property owner said he is considering his options for the land.

Developer scraps plan for $22M downtown hotel, citing costs

November 12, 2018

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.”

Songbook Foundation to sell 107-acre Asherwood estate in Carmel

October 18, 2018

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.

Precedent Office Park getting new name, $6M-plus in amenity upgrades

October 9, 2018

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.

Hotel developer plans $356M project at busy Indiana interchange

October 3, 2018

White Lodging announced Tuesday that 40 acres would be redeveloped to include an event center, hotels, restaurants, an office building and housing.

MAY 22-28, 2026

Digital Edition

Lilly goes on $21B buying spree to build drug pipeline

Daniel Bradley

Health care summit uses IMS to draw together leaders from across sector

Tom Murphy / Special to IBJ

Q&A with Schahet Hotels CEO Jeffrey Brown about collaboration with Ball State

Dave Lindquist

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