First Internet Bank selling $869M loan portfolio
First Internet has never sold off such a large pool of loans in a single transaction, according to Chief Operating Officer Nicole Lorch.
Real Estate
Articles
What to know about Google’s proposed billion-dollar data center project
With the City-County Council approaching a Sept. 22 public hearing over the 467-acre project, IBJ looked into many of the questions being asked about the controversial development.
Trump administration seeks to cancel Biden-era rule that made conservation a ‘use’ of public land
The rule was a key part of efforts under former President Joe Biden to refocus the Interior Department’s Bureau of Land Management, which oversees about 10% of land in the U.S.
State’s exit from GM site ownership signals new economic development approach
“The governor has been very clear: We’re just not in the land development business, and it’s not a core competency,” Commerce Secretary David Adams told IBJ.
Four years after first proposed, Monon 30 has one building open
Four years after the project was first proposed, the group is still submitting and altering plans for the rest of the project on several former industrial properties along the Monon Trail.
Q&A: Distressed property broker and Deadhead seeks levity in tough deals
After more than 30 years in the commercial real estate industry, Jon Hardy has launched his own specialized company focused on helping investors acquire properties in need of care.
Work underway on $78M performance facility for Indiana Fever
Indiana Fever and city officials took part in a formal groundbreaking ceremony for the 108,000-square-foot downtown development Thursday morning.
Commission to consider modified plans for Bottleworks office building
The proposed nine-story building just north of the Bottleworks Hotel in the Bottleworks District is expected to include about 86,000 square feet of office space and a 300-space parking garage.
Broad Ripple sculpture receives green light from zoning board
The Indianapolis Board of Zoning Appeals approved the artwork’s placement at the northwest corner of Westfield Boulevard and College Avenue.
Health district takes shape ahead of IU Health hospital completion
The recently established Indy Health District is dedicated to reducing health inequity across Indianapolis. It stretches from St. Clair Street north to 38th Street, encompassing 1,500 acres.
Andrew J. Brown Academy charter school finds new life in old IPS school after $10M investment
Renovations to the former Forest Manor Middle School building are part of a new beginning for Andrew J. Brown Academy, which broke ties with a for-profit charter operator last year.
Angi exits near-east side, now leasing space in Keystone office building
Angi Inc.—which once owned more than two dozen buildings on nearly 18 acres on the near-east side of Indianapolis—has moved into a new office space on city’s north side.
IPS to sell a building, put another up for sale or lease to end legal battle
The announcement ends the legal battle over a state law that requires districts to give unused school buildings to interested charter schools for the sale or lease price of $1.
State sells former GM stamping plant site to Elanco for $27M
Indiana Gov. Mike Braun said the agreement “enables Elanco and its partners, including Purdue University, to accelerate the creation of an innovation district in downtown Indianapolis.”
Multimillion-dollar estate sales present unique hurdles
A complicated and delicate dance takes place whenever an estate the scale of the one owned by the late Indianapolis Colts owner Jim Irsay hits the market as it did last month.
Q&A: Attorney Fernanda Beraldi’s jewelry store passion project has roots in her native Brazil
Since acquiring Windsor Jewelry with a partner, Beraldi has dived headfirst into the business—meeting with designers, making many of the design decisions for the space and helping to choose the collections that will be featured.
Alliance confronts complex facility arrangements in IPS, charter schools
The 103 public schools within the borders of Indianapolis Public Schools operate with a variety of different building arrangements that pose a complex challenge.
Existing-home sales in central Indiana see July swoon
After seeing a big jump in June, existing-home sales in central Indiana returned to a more familiar recent pattern in July.
City proposes increases for permit fees, inspections, penalties
Indianapolis might soon begin charging more money for construction permits and inspections while also hiking penalties for code and ordinance violations under a proposal that updates fees, including some that haven’t been changed since 1988.
BWI affordable housing project gets initial incentive OK despite problems with previous phase
A developer under criticism for previous work on an affordable housing project on the near-northwest side of Indianapolis has received initial city approval for financing help on the development’s next phase, but with several new requirements.