Canadian firm buys former Fundex HQ for $3.7M
Dalfen American Corp. of Montreal acquired the 110,000-square-foot building in an auction Wednesday following the bankruptcy of the Plainfield-based game maker.
Real Estate
Articles
Scotty’s Brewhouse could shrink with sublease
With business not up to expectations, founder Scott Wise is searching for a tenant to take about 2,500 square feet within the existing 12,000-square-foot space at 1 Virginia Ave.
HHGregg reports smaller loss on improving same-store sales
The company reported a loss of $1.3 million, or 4 cents per share, for its latest quarter, compared with a loss of $5.7 million, or 16 cents per share, in the same period a year ago.
Centre Properties escapes foreclosure on 12 properties
Financial terms of the agreements, announced in a written statement, were not disclosed, but the mortgages involve tens of millions of dollars in debt on retail properties spread throughout the area.
State Fairgrounds to debut new $10M Youth Arena
The 30,000-square-foot Youth Arena will debut as the site of 4-H Horse & Pony classes and events. The fairgrounds' newest building will also host livestock shows, draft horse competitions and other events.
Art gallery planned for Washington Street building
The new owners of a pre-Civil War building at 42 E. Washington St. are renovating the historic four-story structure with plans to open a high-end art gallery in October on the ground level.
Don Marsh to keep $2.2M severance from grocery chain
Judge Sarah Evans Barker issued an order allowing Marsh to keep the severance paid by his former company, which attempted to recover the payments from him. The order ends a four-year court battle between the two parties.
Local firms team up to buy North Meridian office building
REI Real Estate Services LLC and Perennial Investments say that together they'll invest about $1 million in hopes of getting the office building at 550 Congressional Blvd. fully leased.
Developer puts key Zionsville parcel under contract
The vacant piece of land on the southwest corner of Main and Sycamore streets, once home to a Citgo gas station, is viewed as a vital link between the historic village and development to the south.
Simon Property raises forecast after results top expectations
Simon Property Group Inc. reported an increase in second-quarter funds from operations, revenue, occupancy and base rents.
Bank seeks abatement to construct office space along I-69
Economic development leaders in Fishers are asking the Town Council to OK a six-year property tax abatement to help First Internet Bancorp construct as many as two office buildings.
Developer HDG Mansur battling in court with former client
A local real estate fund manager sued by a former client is fighting the charges by claiming in a countersuit that it’s owed more than $20 million in fees.
With fountain gone, new look gives Pan Am Plaza open feel
Workers ripped out the old fountain and crumbling bricks, and installed a waterproof membrane and new stone pavers to stabilize the plaza until Kite can orchestrate a redevelopment.
City to hold meeting on proposed Monument Circle district
Indianapolis residents are getting their first chance to weigh in on proposed protections for the buildings near the city's famed Monument Circle.
Local engineering firm changing ownership
A group of executives has acquired majority ownership in HWC Engineering, the Indianapolis-based company announced Wednesday.
Browning has new rendering for Broad Ripple project
The developer has added more apartments on Carrolton Avenue, lowered the height of the building, reduced the number of spaces in the parking garage and modified the architecture.
Greenfield chamber seeks funds to preserve historic building
Less than 50 years after Hancock County was established in 1828, the building that now houses the Greater Greenfield Chamber of Commerce went up on the corner of State and South streets.
East-side building donation benefits area not-for-profit
Aaron York’s Quality Air, which has moved to a new location near Lucas Oil Stadium, donated the 66,000-square-foot building it vacated on the east side to a neighborhood not-for-profit.
Old Northside apartment projects reviving two buildings
Flock Real Estate Group is investing $1 million to refurbish side-by-side apartment buildings at the northeast corner of 13th and Alabama streets, and Englewood Group is spending $3.6 million to convert a former church across the street.
IPO for giant retail REIT may be biggest since Simon
The initial public offering of Brixmor Property Group, the second-largest U.S. shopping center landlord, may be the biggest for a retail real estate investment trust since Simon Property Group Inc.’s IPO 20 years ago.