AmericInn buys Fishers hotel, enters local market
Minneapolis-based hotel chain AmericInn has purchased a Holiday Inn along Interstate 69 in Fishers, giving the company its first Indiana location.
Real estate deals
Articles
Industry vet sees sectors on upswing, auctions booming
Jeff Henry, managing principal of Cassidy Turley, believes the commercial real estate market has seen the worst but isn't far off the bottom yet. Meanwhile, banks are beginning to jettison properties in a wave of auctions.
Developer of Binford Medical Complex files for Chapter 11
The developer of an unfinished medical office complex on Binford Boulevard has filed for Chapter 11 bankruptcy protection in hopes it can retain control of the property and resume construction later this year.
Walnut Street building sold for retail use
The two-story industrial building along the Indianapolis Cultural Trail will be converted into a furniture store.
Legal fight over Pan Am Plaza outpaces redevelopment
Plaintiffs are challenging the city’s 2007 decision to waive a hefty fee that otherwise would have been required to redevelop the crumbling site.
Site chosen for proposed Westfield sports complex
The Hamilton County sports and recreation campus—known as the "Family Sports Capital of America"—is expected to occupy 300 acres and cost millions to fully develop.
BPG sells trio of Keystone Crossing buildings
An affiliate of Pittsburgh-based PWA Real Estate LLC snapped up the three buildings for $15.5 million. The largest totals more than 100,000 square feet and houses such tenants as General Casualty Co., 20/20 Institute and M/I Homes.
REITs use stock sales to grow after paying debt
U.S. real estate investment trusts, including Indianapolis-based Duke Realty Corp., are selling shares to fund property acquisitions after using record cash from equity offerings last year to reduce debt and cover dividends.
Hoosier Lottery moving to Meridian Street building
The lottery will move in January to the Buick, a 60,000-square-foot building at 13th and Meridian streets owned by principals of Shiel Sexton Construction.
Harding Dahm drops Grubb & Ellis, strikes merger deal
Harding Dahm & Co., which ranked sixth on IBJ’s most recent list of commercial brokerages, will become Lee & Associates Indianapolis. Terms of the deal were not disclosed.
Church with rich history sues to shed ‘historic’ label
The designation scotched a deal with CVS that would have funded construction of a new church at another location.
Canadian company buying 12 Crystal Flash stores
Alimentation Couche-Tard Inc. said on Friday that it expects to complete the acquisition of a dozen Indianapolis stores this month. Couche-Tard is the largest independent convenience store operator in North America.
E-mail marketer ExactTarget taking more downtown space
The company has inked a deal to take the entire seventh floor of the Century Building at 36 S. Pennsylvania St., and may take additional space on two other floors.
Estridge drops Westfield sports complex, still plans stadium
The Estridge Cos. has withdrawn a proposal to build a massive youth sports complex in its master-planned Symphony development in Westfield.
Property at busy crossroads finally attracts buyer
Environmental and zoning issues had made the property at the southwest corner of Keystone Avenue and Kessler Boulevard difficult
to sell.
Metropolis mall purchased by Israel firms
Aviv Arlon Global Ltd. pays $52 million for shopping center, which was in court-appointed receivership. Former real estate firm Premier
Properties USA Inc. developed Metropolis, with an investment of $160 million.
Reverie Estate buys another downtown Indianapolis apartment building
The prolific developer of urban apartments plans to turn the building into an affordable artists’ community.
Girl Scouts selling Zionsville tract, three others
The decision by Girl Scouts to divest the camps follows a consolidation among Girl Scouts councils nationwide in 2007 that
left the local council with a much bigger service area and more real estate.
Holiday Inn to hit auction block with $1M opening bid
A Holiday Inn hotel along Interstate 69 just north of 96th Street in Fishers is scheduled to hit the auction block next month
with a suggested opening bid of $1 million.
Charter school moving to former Children’s Guardian Home
City leaders will officially announce Wednesday morning that Irvington Preparatory School will occupy the children's home,
which closed in June of last year. The school has signed a 15-year lease with the city.