New York firm acquires high-profile Carmel office park
Hamilton Crossing, a high-profile Class A suburban office park with six buildings on 44 acres along U.S. 31 in Carmel, sold for an estimated $70 million.
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Citizens coke plant site has its share of ‘challenges,’ Hogsett says
Transforming the site to a criminal justice complex would take years of contaminant cleanup, officials said Tuesday, but construction could overlap with that work.
Simon Property tops expectations with fourth quarter results
Indianapolis-based mall giant Simon Property Group saw increasing profit, revenue, occupancy and rents in the latest period.
Growing ad agency takes prime space on Monument Circle
Bradley and Montgomery has renovated the second floor of the Indianapolis Power & Light Co. building, adding modern touches while keeping some organic elements.
Old Spaghetti Factory building sells for $10 million
A New York firm bought downtown’s Station Place office building at Georgia and Meridian streets for just under the asking price.
Historic downtown building to house new Tapestry hotel brand
Ratio Architects is designing the project for Hilton as part of a redevelopment of One Jackson Place, a 93-year-old former hotel near Union Station.
Developer buying Milano Inn property for big mixed-use project
A South Bend-based firm envisions condominiums and a mix of retail and restaurant space on the site of the hallowed Italian eatery that closed late last year.
Fishers considers joining debate on Airbnb usage, regulations
City officials could create a committee to examine the impact of online lodging services. Carmel has come out against them, and state legislators are weighing a bill prohibiting cities from banning them.
Finish Line reaches deal to sell JackRabbit chain of running shoe stores
The Indianapolis-based retailer plans to take a pretax charge of as much as $36 million in connection with the sale of the money-losing business to a Los Angeles-based investment firm.
HHGregg lives up to predictions with dismal quarter
The retailer took a whopping loss of $58.3 million in the quarter, more than double the loss of $26.9 million it took in the third quarter of the previous year.
Roundup: Salesforce Tower gets big breakfast joint; Mass Ave snags game room
A Chicago-based chain is taking a crack at the street-level space in Salesforce Tower previously occupied by Paradise Bakery & Cafe.
Duke Realty tops expectations with fourth-quarter performance
Duke Realty Corp. on Wednesday reported funds from operations and profit in the fourth quarter that surpassed Wall Street expectations.
North-side Pittman properties sell at auction for nearly $2M
The properties, in Carmel and Zionsville, had been owned by the late Dr. John Norman Pittman and were sold in three separate transactions.
Central Indiana home sales rise for 14th straight month
Closed sales in the 13-county area have risen every month on a year-over-year basis since October 2015.
Hilton planning two hotels in Indy under new brand
Called Tapestry, the brand is designed to jump on the bandwagon for individualized and upscale hotels with distinctive local features.
Massive $90M Greenwood retail project facing delays
Gershman Partners had hoped to start construction late last year, but the mayor of Greenwood says large retailers have been slow to commit to the project, causing the delay.
Indy housing agency’s development arm promotes new leader
Jennifer Green, an agency veteran who previously led the city’s efforts to develop Fall Creek Place, is the new president of Insight Development Corp.
UPDATE: Circle Centre anchor Carson’s commits to 5-year lease extension
The department store’s lease had been due to expire next January. If it had pulled out, the downtown mall would have been left with no anchors.
City lands $55M in federal tax credits for economic development projects
Mayor Joe Hogsett said the award of the New Markets Tax Credits will provide gap financing for "developments designed to jump-start economic development, create jobs in at-risk areas and revitalize distressed neighborhoods.”
Carmel’s redevelopment strategy paying off, IU study says
The city of Carmel’s huge investment of public dollars into its central core has paid off when it comes to generating economic activity, jobs and additional investment in the area, according to a new study by the IU Public Policy Institute.