Lombard, Illinois-based furniture retailer RoomPlace has acquired the massive and long-vacant Levitz Furniture building on East Washington Street and plans to renovate it into a showroom and warehouse, city officials announced Monday morning.
Tech talent and naming rights on the state’s tallest building were key factors that helped Indianapolis secure an 800-employee hiring commitment from Salesforce.com this month.
Heart surgeon John Pittman’s offspring have been feuding in court since September about how to handle real estate in Carmel and Zionsville.
With Salesforce.com establishing a 250,000-square-foot regional headquarters in the soon-to-be-christened Salesforce Tower Indianapolis, the building should become much more alluring when its owner shops it for sale.
A study from CBRE says that by summer more than 50 microbreweries will be operating in the Indianapolis area and occupying space that otherwise might have remained vacant.
The mixed-use project would include more than 65 apartments, retail space and a 229-car garage on what is now a surface lot.
The Hogsett administration is in discussions with school administrators to take over decision-making on the 11-acre Massachusetts Avenue property and might even buy the site.
The owner of Tow Yard Brewing hopes to build the eight-story hotel, which would feature 6,000 square feet of retail and four levels of parking, next to the downtown microbrewery.
The 2.2-million-square-foot development would add to the growing inventory of industrial buildings, which is causing vacancy in the sector to tick up.
The Evansville-based bank has secured space in the IPL Building and plans to relocate local executives and a downtown branch there this fall.
A mostly historic four-building commercial property that encompasses an entire city block near Massachusetts Avenue has changed hands.
Originally set to vote Thursday, board members decided they needed more time to examine proposals for redeveloping the former Coca-Cola bottling plant site and to get feedback from neighbors.
The eight-year-old firm is set to break ground in the spring on a $45 million medical facility in Mishawaka for the U.S. Department of Veterans Affairs, is partnering with Old Town Development to build a $33 million headquarters for Allied Solutions LLC in Carmel, and soon will build a $20 million office building for Stanley Security in Fishers.
The pending deal would help the Indianapolis-based real estate firm solidify its retail holdings in the tourism mecca.
The historic building on South Meridian Street downtown is more than a century old and was redeveloped into apartments in 2003.
Three of the Indianapolis area’s highest-profile office parks, including the two largest in the North Meridian submarket, are expected to fetch as much as half a billion dollars when they hit the market next month.
A commercial real estate package consisting of eight warehouses and 42 acres of land in the Indianapolis area has been acquired in a deal estimated to be worth more than $144 million.
High-profile startup High Alpha is helping Milhaus Development identify potential anchor tenants for the office portion of its proposed 825,000-square-foot project along downtown’s Massachusetts Avenue.
The Chase Tower, the state’s largest office building, might fetch more than $200 million—a price driven up by a nearly finalized deal that would boost sagging occupancy.
The church, which already is building a second home in Fishers, has bought an office building on Westfield Boulevard and plans to launch services at the site.
