Indiana Real Estate Commission revokes Avon real estate agent’s license over fraud claims
During a commission hearing Wednesday, witnesses said Jeremy Tucker defrauded them out of millions of dollars through unpaid loans or forged documents.
Real estate deals
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Simons buy two more properties on South Meridian bar belt near hotel, entertainment project
The acquisitions are within a stone’s throw of the family’s planned hotel and music venue project at the former CSX site.
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Elevator Hill investors buy former Capitol City Fence property with historic building
Other new developments around the former Angie’s List campus include the purchase of a home at 1149 E. Market St. and the opening of a cafe and bake shop at 1008 E. Washington St.
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Fast-growing Bargersville eyes $59M apartment-and-retail project near downtown
Property that formerly housed the Bargersville Flea Market could serve as an entryway for a larger mixed-use district offering restaurants, retail and residential components.
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Four years after first proposed, Monon 30 has one building open
Four years after the project was first proposed, the group is still submitting and altering plans for the rest of the project on several former industrial properties along the Monon Trail.
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Articles
Avon real estate agent involved in dozens of lawsuits faces loss of license
Attorney General Todd Rokita is seeking to revoke the real estate license of Jeremy Tucker, an Avon real estate agent who has been sued dozens of times over local real estate deals.
Indianapolis Zoo buys two nearby parcels but has ‘no plans’ for expansion
In the past decade, the zoo has seen substantial growth of its wildlife and educational offerings, with the addition of dedicated exhibit areas for orangutans, kangaroos and, most recently, chimpanzees.
Local brothers named in dozens of lawsuits over real estate deals
More than 200 residential properties around Indianapolis are connected to at least one of the more than two dozen active lawsuits that investors, lenders and contractors have filed against brothers Jeremy and Joshua Tucker.
Purdue buys canal-front property downtown as part of Indy expansion
Purdue’s purchase of the site—once earmarked for a large hotel and office development—is one of several moves the university has made downtown stemming from the dissolution of IUPUI last summer.
City makes request to acquire downtown heliport as part of proposed stadium district
The Indianapolis Airport Authority is expected to consider the deal Friday during its monthly board meeting, although no sale would be finalized until the heliport is fully decommissioned.
Elanco buys manufacturing facility in England for $25M
Greenfield-based Elanco said the facility has played a vital role in producing a number of product lines for the firm, representing $160 million to $180 million in annual farm animal revenue.
Real Estate Weekly: Sept. 10, 2024
The following information was published in IBJ’s Real Estate Weekly e-newsletter on Sept. 10, 2024.
Hillenbrand makes $55M real estate deal for two Ohio properties
The agreement calls for Hillenbrand Inc.’s Ohio-based subsidiary, Milacron LLC, to sell the two Ohio properties, then lease them back for about $5 million per year.
Local firm laying groundwork for retail, hotel complex along Southport Road by I-69
The project is expected to include existing and new-to-market restaurant concepts occupying lots ranging from 1 to 2 acres.
Keystone at the Crossing office park on the market as sector’s struggles continue
The 1.08 million-square-foot complex is expected to sell for significantly less than the $150 million it fetched in 2019, real estate sources told IBJ.
Three historic buildings near Monument Circle sold to Chicago-area firm
The connected buildings contain 161,500 square feet of office space, which is all leased to the Indiana Department of Health.
IEDC paying premium for farmland for Boone County tech district
The quasi-government entity has secured roughly 9,000 acres of land in Boone County for its LEAP Lebanon Innovation and Research District.
Downtown’s Allen Plaza sold to local investment group
The building’s 58,800 square feet of office and retail space is now mostly vacant, following exits in recent years by Scotty’s Brewhouse, HomeAdvisor and third-party logistics company Backhaul Direct.
Ohio firm acquires The Coil apartments in Broad Ripple for $57M
The purchase comes just three years after the 151-unit complex on the Central Canal was sold for $40.7 million to Chicago-based Promus Holdings LLC.
Local firm acquires $104M industrial building on south side
While it’s not clear what the new owner plans to do with the building, the name of the holding company indicates uses as a cold-storage or pharmaceutical facility—or both.
Developer buys Diamond Chain site for Indy Eleven soccer stadium, mixed-use district
The redevelopment of what is now an 18-acre manufacturing site downtown is expected to include apartments, a hotel, an office building and retail space—in addition to a 20,000-seat stadium. Keystone Corp. CEO Ersal Ozdemir said the project’s cost will likely top $1 billion.
Home furnishings retailer plans to turn DeHaan estate into giant showroom, restaurant
National retailer RH is teaming with a developer to take over Linden House—the 152-acre Indianapolis estate of late businesswoman and philanthropist Christel DeHaan—and turn it into a huge home furnishings showroom, interior design gallery, upscale restaurant, wine bar and outdoor furniture gallery.
Vast portfolio of Indy-area commercial buildings sells for $98M
A pair of Southern California firms bought the properties—which total just over 1.1 million square feet—in a deal with Indianapolis-based Mann Properties LP that quietly closed in late 2021.
Fishers shopping center sold for $7.5M to out-of-state firm
The buyer, who is based in Houston, has had multiple restaurants in downtown Indianapolis, including a Mo’s, A Place for Steaks, along with Nook and most recently Pomodoro.