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Fort Ben reuse marches on
The Fort Harrison Reuse Authority is preparing to break ground on a massive infrastructure project that will lay the groundwork for the master-planned Lawrence…
Noblesville offered generous incentives to Simon for mall
The old adage that retail follows rooftops is only partially true; retail also follows taxpayer-funded incentives.
Lauth, a once-booming developer, has sliced 90 percent of work force, lost control of some properties
Struggling developer Lauth Group Inc. has cut about 90 percent of its staff and lost control of part of its portfolio to a
major equity partner-developments that raise doubts about whether the locally based company can survive the recession.
Simon layoffs would jeopardize HQ incentive deal
During one of the worst markets for real estate in decades, at a time when developers of all sizes are shedding employees, officials with Simon Property Group Inc. continue to insist they have had zero layoffs.
Emmis creates option to sell, lease back HQ
Would embattled Emmis Communications Corp. sell its Monument Circle headquarters, a prized development that opened a decade
ago at what then-Mayor Steve Goldsmith called "the most important site in the city and the very center of Indiana?"
Simon family’s interests helped city thrive, but taxpayers paid the price
The Simon family’s role in building the city has come at a steep price for taxpayers. Simon and
its business interests in the last 20 years have collected local government incentives
worth more than $400 million, an IBJ tally of those deals shows.
Aging building gets spruced up
Another rundown building near the northwest corner of Washington and Pennsylvania streets is getting some attention after years of neglect.
Conservancy work begins & more
The Nature Conservancy broke ground Thursday for its new Indiana headquarters. The organization still needs to raise most of the $4.4 million cost of the building, but…
More progress on blighted block
Another rundown building at the northwest corner of Washington and Pennsylvania streets is getting some attention after years of neglect. Workers are putting…
Most office-space renters opt to stay where they are
Tight budgets, unsure future make moving unattractive to office-space renters.
Foreclosure investors shift to buy-and-hold strategy
Instead of buying and selling, investors with ready cash are buying houses at substantial markdowns, turning them into rental
properties and sitting tight until the market improves.
Founders sell Greenwood firm
The three founders of Greenwood-based Leading Edge Commercial Real Estate Services have sold the firm’s commercial real estate division to one of their associates, Gretchen Radke.
New project at 22nd and Meridian
A developer is planning a 3,200-square-foot, two-tenant retail building at 2181 N. Meridian St. in another small sign of progress for the uptown…
Nia’s Deli and 97th Landing
A new lunch spot called Nia’s Deli is on track to open next week in a building at 38 E. Washington St. (shown here) that burned in 2007. The space…
A new generation takes over Glick apartment empire
A new generation of company leadership is revving the Gene B. Glick Co. and building and buying apartment complexes again.
Few private firms survive to third generation
The Gene B. Glick Co. has managed to accomplish what few privately held family enterprises can—keeping the company alive
for
a third generation.
Animation of Marriott Place
The developers of a new convention hotel complex plan to brand the four new hotels and existing Marriott Indianapolis as Marriott Place Indianapolis. The 2,200-room complex will be anchored by the 1,005-room, 34-story JW Marriott. All the hotels are slated…
Around town real estate roundup
New headquarters and museum planned: Workers are renovating space in Claypool Court for a new Drum Corps International headquarters and a museum for the Percussive Arts Society. The not-for-profit DCI plans to take…
Brokers revise plan for key lots
The owners of two vacant buildings and a fenced lot along Washington Street downtown aren’t giving up on redevelopment even after their plans for a…