Transcript: IBJ Commercial Real Estate and Construction Power Breakfast
Indianapolis Business Journal gathered leaders in the state’s commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 10.
Real Estate
Articles
Historic 500 racing garage to be renovated
Indiana Landmarks plans to raise the funds to refurbish the fabled but dilapidated building north of West 16th Street that served as the Boyle Racing garage from the 1920s through the 1940s.
Simon proposing major Circle Centre revamp
Simon Property Group Inc. is proposing an estimated $20 million in improvements to Circle Centre mall, which spurred a downtown renaissance when it opened 20 years ago this month but now is showing signs of struggle.
Craft breweries rush to open outposts in northern suburbs
Small breweries are tapping the northern Indianapolis suburbs. Four have opened just this year, essentially doubling Hamilton County’s craft beer market. And that growth is expected to continue.
Zoo land deal for more parking sets table for expansion
The Indianapolis Zoo’s landlocked grounds prevent it from expanding. But leaders think they have found a solution—by joining the ownership group that wants to build an outdoor concert venue on the former General Motors stamping plant site across West Washington Street.
Cummins’ $30M divisional HQ will make statement
The building under construction on the former Market Square Arena site will be modern, with a calibrated glass facade and abundant green space.
Turkey breast prices jump after bird flu creates shortage
U.S. restaurants and retailers are facing a shortage of turkey-breast meat, with prices at a record high. The nation’s worst outbreak of avian influenza is to blame.
Historic downtown office building sold for $9 million
Minneapolis-based Onward Investors LLC has purchased the 93-year-old building on East Washington Street and is planning a major renovation. The new owner hopes to attract a restaurant to the first floor.
Roundup: Cidery in the works; Big Lug opening next month in Nora
Ash & Elm Cider Co. plans to open early next year in space along East Washington Street on the near-east side, while Big Lug Canteen should start serving beers next month from the old Snooty Fox building in Nora.
Area homebuilders see slight uptick in permit filings
Builders filed 456 single-family construction permits in the nine-county metropolitan area in August. That's a 2-percent increase from August 2014 and a 4-percent rise from the previous month.
Tini bar on Mass Ave expanding into space above
The once-tiny cocktail bar is expanding again–this time into space above its street-level storefront to free up room for dancing during the weekends.
Area home deals droop as prices rise, selection slips
Home-sale agreements in central Indiana dropped for the fifth straight month in August, according to a report released Monday by real estate agency F.C. Tucker Co.
Dental claims firm expands into former Gerdt store in Southport
Renaissance Electronic Services plans to spend $3 million to renovate more than half of the 66,000-square-foot building that once housed Gerdt Furniture's flagship store.
Subway: Review finds ‘serious’ complaint about Fogle
A company spokeswoman would not divulge the nature of the complaint but said it included "nothing that implied anything about sexual behavior or criminal activity."
City to consider selling $75M in bonds for 16 Tech project
The Central Indiana Corporate Partnership wants the city to improve streets, walkways and other infrastructure around the 170-acre project north of the IUPUI campus, designed to attract high-tech businesses and workers.
INDOT introduces $34M plan for 106th Street interchange at I-69
The project would include two new bridges that would create an oval-shaped roundabout over Interstate 69. More than 20 residents spoke at a public meeting Thursday night, all against the project.
All property tax bills could jump if retailers win appeals
Uncertainty still looms over how much retail assessment appeals could reduce revenue for local governments, libraries and schools or whether they’ll shift costs to other taxpayers, including businesses and homeowners.
Even with deluge of units, downtown apartment demand persists
Apartment occupancy downtown remains near a stellar 95 percent as tenants flood new projects, according to a panelist at IBJ's Commercial Real Estate and Construction Power Breakfast.
Brainard looks to ease restrictions on redevelopment commission
Mayor Jim Brainard expects the Carmel City Council’s control over any redevelopment commission contract worth more than $25,000 to be removed early next year when several new council members take office.
Dunkin’ Donuts franchisee planning big Indy-area expansion
A franchisee of the coffee and doughnut chain that owns all 14 area stores is preparing to open 31 additional locations within the next seven years.