Colliers expands multifamily-brokerage team
The additions joining Michael Drew, who had been the office’s loan investment and multifamily broker, are team leader Michael H. Wernke, in addition to Cory Detamore, Evan Bryant and Maria Stein.
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New vision for Eastgate includes solar farm
A former east-side shopping mall will soon be covered in solar panels, possibly the most transformative of property owner Alex Carroll’s various redevelopment efforts.
City eyes Cummins as anchor for key downtown site
City officials are quietly trying to orchestrate what would be a major coup: Landing Cummins as an office anchor for a second phase of redevelopment on the former home of Market Square Arena.
Milhaus plans $6M project along Virginia Avenue
The local developer is seeking city approval for 57 units as part of a mixed-use project that calls for 3,100 square feet of retail space on property south of its Mozzo Apartments.
Fourth-quarter 2012 commercial real estate statistics for Indianapolis
Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates and the local industrial market.
Former Thomson site may be ripe for development
The vacant 49-acre Sherman Park business complex might finally be redeveloped now that the owner has exited bankruptcy and demolition has started on its main building.
Indianapolis apartment construction soars skyward
The downtown rental market is booming, but is a slowdown coming?
Indianapolis-area homebuilding filings rise 13 percent
Single-family-building permit filings in the nine-county area saw their 14th straight month of year-over-year increases in August, the Builders Association of Greater Indianapolis announced Wednesday.
West Clay commercial building set for sheriff’s sale
The 24,400-square-foot building was owned by CFS Inc., a Carmel company accused by the Indiana Secretary of State’s securities division of misappropriating the funds of elderly clients who bought ownership interests in rental properties.
Slower holiday sales growth predicted for 2013
Holiday shopping is likely to be hurt by the lackluster economy. In addition, there’s a shorter shopping window between Black Friday and Christmas. Last year, there were 32 days during the period and this year there are 25.
Simon suing another Circle Centre food court tenant
Frullati Cafe & Bakery, operated by Scottsdale, Ariz.-based Kahala Corp., owes the mall at least $23,439 in back rent, according to a lawsuit filed Sept. 10 by landlord Simon Property Group Inc. in Marion Superior Court.
Area home sales creep up after faltering in July
The 3-percent bump last month was cause for relief after pending agreements in July broke a two-year streak of gains.
IBJ 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. The following is an unedited transcript of the discussion.
Online retailer Newegg plans big distribution center
Newegg.com is considering a $15 million distribution center in Indianapolis that would employ 150 people by the end of 2015.
Mall owners go from first to last in REIT market
Shopping mall owners like Simon Property Group, the best-performing U.S. property stocks for four years, have tumbled to the worst as sluggish retail sales and limited opportunities to expand drive investors to look elsewhere for earnings growth.
Noblesville to developers: Pay fee, cut open space near parks
Common Council members this month approved changes in the city’s land-use law that will allow residential developers within a half-mile of public parks to set aside less property as open space—for a price.
Marsh Supermarkets, former CEO spar over attorney fees
The company and Don Marsh each want the other to pay legal bills that, coincidentally, total about $1.7 million each. They stem from a bitter court battle between the two that concluded in July.
Update: Developer gets OK to build Chatham Arch homes
Daniel Jacobs plans to break ground in the spring on the first of three million-dollar houses to be built at the northeast corner of East North Street and North Park Avenue.
Fourteen at flea market face counterfeiting charges
Indiana State Excise Police seized thousands of counterfeit items at White's Sale Barn in Brookville, about 75 miles southeast of Indianapolis.
Irvington groups closer to saving local landmark
The Irvington Development Organization and Irvington Historical Society have received a $50,000 state grant to help repair the former post office building and make it marketable to a potential buyer.