State Auto’s Midtown HQ building on block
State Auto Insurance is seeking to sell its nearly 200,000-square-foot regional headquarters building in Midtown and is listing the property for $9.1 million.
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UIndy plans $50M in expansion projects
The bulk of the money, to be spent over five years, will go to a 134,000-square-foot health sciences center, which will provide training space for the university’s nursing, physical therapy and other health care students.
Indy airport signs new eateries, considers nixing e-cigarettes
Indianapolis International Airport officials agreed Friday to unload Giorgio’s and two Cold Stone Creamerys in favor of three new food vendors. They also considered several tough tweaks to the facility’s smoking ban.
Weaver’s site sale could lead to Broad Ripple village-park connector
Weaver’s Lawn & Garden Shop at 1316 Broad Ripple Ave. has been in business for decades. Now that family members have sold the property, local leaders hope the land eventually can serve as a recreational link.
ExactTarget mulls building downtown tower
ExactTarget Inc. is evaluating downtown sites where it could build a headquarters tower as large as 500,000 square feet, real estate brokers familiar with the discussions told IBJ.
Fishers’ mayoral candidates disagree on best growth strategy
The six Republicans vying to be Fishers’ first mayor fall into two camps on the key issue of growth: those who support recent efforts to spur business activity downtown, and those who advocate a more hands-off approach.
Technology opens doors for growing Zionsville window dealer
Zionsville-based Apex Energy Solutions is reporting a decade of double-digit annual growth and company founder Michael Foit has licensed his trademarked “Flipside” selling strategy and proprietary technology to independent operators in more than a dozen markets.
Commission shoots down Broad Ripple office project
A pair of commercial real estate brokers had planned to invest $1.5 million in the 5,700-square-foot project, but the proposal received a chilly reception from the city’s Metropolitan Development Commission.
Office space shrinking in Indianapolis area
Technology and work habits are prompting firms to squish space allotted to workers.
New Jersey firm pays $30.2M for Plainfield warehouse
Chambers Street Properties purchased the 622,440-square-foot distribution center completed early last year. Hartz Pet Products occupies the entire space.
Prosecutors want to keep $3.4M from El Rodeo raids
Civil forfeiture lawsuits have been filed in Tippecanoe and Marion counties, accusing the Mexican restaurant owners and others involved with the businesses of illegally obtaining the money.
Dunham’s $30M expansion in Marion to create 135 jobs
The sporting good retailer, which has more than 200 stores in 17 states, will consolidate distribution into a new, 735,000-square-foot building.
Indy officials work to strengthen rental-property inspection bill
A proposal under consideration by the Legislature would curb rental-property inspection programs, but local officials worked with its author to let cities set up landlord registries.
Milhaus eyeing August for opening of Circa apartments
The five-building, $26 million apartment project in downtown’s Chatham Arch area just south of Massachusetts Avenue will include 265 units, with pre-leasing to begin May 1.
Broad Ripple brokers propose office project on College Avenue
Scott Lindenberg and Thomas Willey want to replace two rental homes they own just north of Kessler Boulevard with a 5,700-square-foot, two-story office building.
Developer pitches $28M project for Fishers Train Station site
Officials are expected to vote Monday night on a proposed $28 million redevelopment of the Fishers Train Station site, the final piece of an ambitious plan that seeks to transform the town’s municipal complex into a hub of activity.
Central Indiana home sales start year on chilly note
Home-sale agreements plummeted 31 percent in January, likely due to the record snowfalls and cold temperatures.
IU official: Bloomington campus parking can raise $43M profit
Chief Financial Officer MaryFrances McCourt didn't say how parking rates would be adjusted to create that projected boost and where the extra money would be directed.
First family gives TLC to little-used Brown County cabin
The Pence administration has overseen the six-figure renovation of a Brown County cabin that one political observer calls Indiana’s Camp David.
Nursing home profits surge as owners seek moratorium
Nearly two-thirds of the state’s nursing homes are now participating in partnerships with county-owned hospitals that effectively double their profit margins.