One of the city's largest and oldest office parks has been sold. Castleton Park, a 120-acre property containing 31 office buildings, was acquired by New York-based Group RMC, a real estate management company.
New Jersey-based Fairbridge Properties bought the 12-story downtown office building from Ambrose Property Group, which purchased it out of receivership and invested $8 million in renovations.
If true, the move could signal that Indianapolis-based Simon Property Group no longer is interested in acquiring the rival shopping-mall owner.
A big chunk of the former General Motors stamping plant site near downtown will go back on the market July 1 now that the city’s plans to build a criminal justice center there have fallen through.
The Great Recession put the $1 billion Duke Realty Corp. project years behind schedule, but progress picked up again in 2011 and 2012. A tipping point for momentum was the long-anticipated Meijer store’s opening in 2014.
Developer Steve Pittman spent two years securing a specialty grocery as an anchor tenant after presenting the $90 million mixed-use project dubbed “The Farm” to Zionsville officials.
They hope to attract a developer to construct a three-story building with a mix of retail and apartments on the lot along East Washington Street where a historic building once stood.
The purchase of Metro AG’s Galeria Kaufhof stores is Hudson’s Bay’s first under its joint venture with Simon Property Group, marking a new era of real-estate fueled growth as retailers try to squeeze more value from their property.
Flaherty & Collins Properties already is selling a stake in its brand new downtown Axis at Block 400 apartment development to cover expensive cost overruns on the project.
The donor-management software firm says it plans to spend at least $8 million building a headquarters complex at Fort Harrison, part of an attractive deal that involves free public land and a roughly $300,000 grant.
The Harrison building at 143 W. Market St. will hit the market Monday. Built in the late 1920s as the Harrison Hotel, the 40,000-square-foot building offers views of the Indiana Statehouse.
After 10 years in Carmel’s Old Meridian District, Meridian Music Company is moving and downsizing operations.
Retail brokers say the location, at Illinois and Maryland streets in the heart of downtown’s dining district, is sure to generate plenty of interest.
Construction on the 125-room hotel, part of PK Partners’ $80 million mixed-use development, should start later this year with an opening in 2016.
The city of Fishers is proposing to purchase a new building for its entrepreneurial co-working space that would triple the size of the facility.
A tract of land for sale at the northeast corner of Interstate 465 and Keystone Avenue has languished on the market for nearly four years despite its high visibility in one of the glitziest parts of the city.
Real estate investors are cashing in on the local office market quicker than expected as properties change hands at prices not seen since before the recession.
Town officials have contacted more than 50 developers to gauge their interest in saving the century-old building, which is in danger of being demolished to make way for a service station.
An affiliate of PK Partners purchased the property at the southeast corner of 46th Street and College Avenue that for decades housed a Double 8 Foods store and is searching for a restaurant or retail tenant.
Denison Partners has agreed to buy a one-acre parcel near the southwest corner of Interstate 70 and State Road 267, and Browning plans to buy 11.7 acres near the southwest corner of Washington Street and Ronald Reagan Parkway, an airport spokesperson said.
