Area homebuilding permits hit August decline
Permit filings for home construction in central Indiana fell 4 percent in August, the second straight month of declining activity in the homebuilding market.
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Sen. Donnelly to move office to renovated Consolidated project
The U.S. senator’s office will join the Home2 Suites by Hilton as tenants of the downtown mixed-use redevelopment on Pennsylvania Street.
Cummins selects firm to design downtown office building
The firm has chosen New York-based Deborah Berke Partners to design its $30 million global distribution headquarters that will be built on part of the site where Market Square Arena once stood.
Simon spinoff plans $4.3B merger with Ohio mall firm
Washington Prime Group Inc. has agreed to buy Glimcher Realty Trust of Columbus, Ohio, in a deal valued at about $4.3 billion when including assumed debt. As part of the transaction, Simon Property Group will acquire two malls for $1.09 billion in cash.
Greenwood eyes more land for development along I-65
Though plans for a $22 million hotel and indoor sports complex seem in jeopardy, the city of Greenwood has other projects in the works along Interstate 65, including a new interchange and possibly an apartment development.
Opus seeks tax breaks on $10.9M building near airport
A tax-abatement request for the project filed with the city last week said the 434,400-square-foot flex industrial building will be built on a speculative basis.
Carmel developer pitching $150M Midtown plan
Carmel-based Old Town Development LLC expects to file plans this week for a $150 million redevelopment project on 11 acres in the suburban community’s blighted Midtown area, between Carmel City Center and the Arts & Design District near the Monon Greenway.
Commercial Real Estate Power Breakfast transcript
Indianapolis Business Journal gathered leaders in the state's commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 13.
Among the topics the panel discussed were the factors driving downtown growth, which types of office space are in demand, the types of projects being built, and how the industrial sector has sustained its strength.
Indy housing market stumbles to glum milestone
Home-sale agreements in August declined 9.6 percent, marking the 12th consecutive month of declining deals for houses in the nine-county Indianapolis area.
Couple revamps old roadside motel into apartments
The Kaiden, a 13-unit hotel just off the National Road between Indianapolis and Greenfield, has been reborn as an apartment building called The Village.
Liquidation not needed, developer HDG Mansur tells court
Two affiliates of troubled Indianapolis-based developer HDG Mansur oppose requests to appoint a Chapter 11 trustee or convert the case to a liquidation in Chapter 7, saying significant progress has been made toward a plan and global settlement of claims.
Year wait expected for start of Wigwam work
The developer taking over Anderson's Wigwam gymnasium is expecting to start work at the complex in about a year. The group plans to convert part of the complex into 55 multifamily housing units while maintaining the gym.
Downtown office vacancies force landlords to get creative
A downtown office broker who participated in IBJ's annual Commercial Real Estate & Construction Power Breakfast said office tenants are seeking building amenities that jibe with their companies' culture.
Plaza being built near state fairgrounds coliseum
Crews have started building a $2 million pedestrian plaza next to the newly renovated Indiana State Fairgrounds Coliseum.
Unauthorized demolition of historic home sparks lawsuit
Indiana Landmarks is going to court over the unauthorized demolition of a historic home in Fall Creek Place that likely was built in the 1890s.
HHGregg hires former Marsh exec as CFO
Indianapolis-based HHGregg Inc. has hired former Marsh Supermarkets executive Robert J. Riesbeck as its new chief financial officer, the appliances and electronics retailer announced Thursday.
Community Health buys Hilton North for redevelopment
The hospital network will close the 221-room hotel along the Interstate 69 corridor by the end of the year and will begin exploring redevelopment opportunities to meet the growth of the network.
Kroger quarterly results beat market expectations
Kroger Co., the leading grocer in Indianapolis in terms of market share, on Thursday reported earnings of $347 million in its fiscal second quarter, exceeding analyst expectations.
Change in architects delays Red Cross building project
A decision by the organization’s national headquarters to replace Schmidt Associates with a Chicago firm could end up delaying the start of construction by about a year.
Simon Property CEO says ‘no deal’ in Australia after report
The Australian reported that Indianapolis-based Simon may bid for CFS Retail, potentially keeping CFS’s premium shopping centers and selling second-tier properties.