Deluge of downtown projects averts construction dry spell
A spate of large real estate projects in the pipeline for downtown is providing a shot in the arm for a local construction industry still rebounding from the recession.
Real Estate
Articles
Analysis: New nursing homes didn’t cause glut
An IBJ analysis of occupancy data from nursing homes built since 2012 and open at least one year found that newer facilities are filling their skilled-nursing beds at a lower rate than established nursing homes statewide.
Macerich, Simon shares rise on talk of acquisition
Macerich Co. shares had their biggest increase in three months Thursday morning after the Wall Street Journal reported that Simon Property Group Inc., the largest U.S. mall owner, has made approaches to buy the company.
Former Frisch’s exec denies embezzlement allegations
A former top executive at the Cincinnati company behind dozens of Frisch's Big Boy restaurants is denying that he embezzled $3.3 million as the company alleges.
Gallery owner’s plans to reopen run into roadblock
Curt Churchman needs to find a new home in the Meridian Kessler area for his Fine Estate Art & Rugs and Gallery Two businesses after a city zoning board rejected his request for a zoning variance.
Simon interested in acquiring West Coast mall owner
Simon Property Group Inc. has approached Santa Monica, California-based Macerich Co. about an acquisition after taking a stake in the company last year, sources say. Macerich, with a market value of $13.3 billion, has a high concentration of West Coast properties.
Strong local economy driving real estate sectors
Leaders of the local office of the DTZ real estate services firm delivered an optimistic message at the firm’s annual State of Real Estate outlook, as the city’s economy drives growth within the real estate market.
Indiana lawmakers advance rules for e-cigarette liquids
Several owners of vaping-related businesses told Senate committee members it would cost them thousands of dollars to comply with the proposed regulations.
Fourth-quarter commercial real estate statistics for Indianapolis
IBJ’s Commercial Real Estate Focus sections include statistical snapshots of Indianapolis’ multi-tenant office vacancy rates and the local industrial market.
Loftus and Robinson making splash in development
Young team making a splash parlayed a painting job into projects extending to redeveloping the train station in Fishers.
University of Indianapolis upgrading library
The University of Indianapolis will spend $5.5 million to renovate its Krannert Memorial Library as part of a larger $50 million investment in the campus.
Wisconsin firm pays $13.8M for Century Building downtown
A Wisconsin-based firm has purchased the downtown Century Building for $13.8 million from Zeller Realty Group, which bought the historic building out of foreclosure just over a year ago.
Target to cut $2 billion in costs, thousands of jobs
The Minneapolis-based discounter with 12 Indianapolis-area stores hopes to become more agile to compete in an increasingly competitive landscape and appeal to shoppers who are buying and researching on their mobile devices.
Cumberland ups ante in fight to save historic church
The town is appealing a decision that helps pave the way for a convenience store to be built where a historic church now sits and has hired a top real estate attorney to argue its case.
Debate on common wage repeal lingers during contractor event
A proposal to repeal the state law that sets wages for public construction projects requires further study instead of a quick vote, opponents of the measure said Monday at the Indiana Statehouse.
El Rodeo owners sentenced to home detention for theft
Their chain of 26 restaurants, which operate in 10 Indiana counties under the names El Rodeo and El Jaripeo, failed to report an estimated $22.7 million in sales between 2010 and 2012, prosecutors said.
Wisconsin firm buys downtown Century Building for $13.8M
Hendricks Commercial Properties, which developed the Ironworks mixed-use project at Keystone at the Crossing, purchased the downtown office building from Zeller Realty.
UIndy plans $5.5M library renovation
New features will include a ground-floor cafe with food service, an outdoor plaza, a 24-hour study lab and a glass-curtain exterior wall on the east side to provide all three upper floors with natural light.
Engineer says Mounds Lake Reservoir plan has fatal flaws
Plans to create Indiana's first new reservoir in more than four decades are fatally flawed because there would be no buyer for its water for 35 years, the former director of engineering for the Indiana Department of Natural Resources says.
Debate on cold medicine prescriptions lingers
Lawmakers involved in the debate over how to curb Indiana's methamphetamine problem say a bill that would require drug felons to get a prescription before buying common cold medicine is likely just another step toward an eventual prescription requirement for all consumers.