The city of Beech Grove is working on a redevelopment proposal for its St. Francis Hospital campus. Tentative plans call for
a mix of office space, apartments for seniors, and retail space.
Especially during a recession, architects need to build strategies to reach new and existing clients and provide them cost-effective design and construction
options.
DBSI, an Idaho real estate firm with 250 properties worth $2 billion faces a class-action suit. Some of its properties and
investors are in Indianapolis.
Three university projects, two of which contain green-building elements, dominated the most recent design awards presented
by the American Institute of Architects Indiana chapter. Of the four award winners, three involved college buildings: the
Janet Prindle Institute for Ethics at DePauw University, the Neil Armstrong Hall of Engineering at Purdue University, and
the Straw Bale Eco Center at Ball State University.
Indy Fringe executive director Pauline Moffat and Gary Reiter, a board member of the Indianapolis Theatre Fringe Festival
Inc., want to build an affordable live-work complex near Massachusetts Avenue.
The most heavily utilized family of standard form contracts is published by the American Institute of Architects. However,
contractors routinely criticize the AIA forms because
of a perceived bias in favor of the architect.
The former Whistle Stop Deli at 901 East 64th St. isn’t the only building along the Monon Trail the city’s parks department is…
An Ohio developer and the Town of Fishers have agreed to cancel a 2007 development agreement that called for a $100-million mixed-use project featuring 250,000…
The luxury condo and retail project called 3 Mass is taking shape as sales pick up speed. Buyers have snapped up 26 of the 44 units, including $8 million in sales in September and October, said Todd Maurer of lead…
To keep this post topical, I’ll start with a link to this week’s Real Estate Weekly. The news has been slow lately, but my colleague Chip Cutter still managed to dig up some good nuggets. The real…
Retired businessman John Wynne, one of the founders of Duke Realty Corp., is the latest executive to get burned after using
company stock as collateral for a multimillion-dollar loan in his investment account.
The city is looking for a new tenant for the former Broad Ripple Monon rail station at 901 E. 64th St.
The city has decided to support a request by Buckingham Cos. to abate part of the additional tax liability stemming from its $2.5-million renovation of…
Beech Grove is working on a redevelopment proposal for its St. Francis Hospital campus. The tentative plans call for a mix of office, senior residential and possibly retail….
The city is looking for a new tenant for the former Broad Ripple Monon rail station at 901 East…
The Steak n Shake Co. has dropped plans to build 20 new restaurants, is cutting overhead expenses by about $20 million,
and closed 14 locations. The Indianapolis-based restaurant chain found $16 million in tax savings dating
back to 2006 and is working on a new, simple menu built around burgers, fries and milkshakes–all part of
a turnaround plan orchestrated by the chain’s new CEO, Sardar Biglari.
Struggling M&I Plaza once again can become a prominent office tower, real estate experts contend, but only if the next owner atones for its predecessor’s mistakes. Local real estate developer Paul Kite Co. had emerged as a top contender to buy the struggling downtown property from Maryland-based CapitalSource Inc., which assumed ownership of the 28-story building in June after foreclosing on a $5 million mezzanine loan. Paul Kite didn’t respond to an e-mail request for comment. But sources say Kite’s…
Here’s a common scenario: A developer gets approval on zoning and planning permits to build a business on a piece of property. The business has signed an agreement to either lease or buy the building once it’s completed. The owner of the business then begins making plans to open the new facility. The developer, meanwhile, goes to work to prepare the property for construction, which includes everything from figuring out the utilities, access road, curbs, sidewalks and landscaping. Working with…
As real estate professionals well know, a troubled economy is making it harder to negotiate and close deals. However, buying or leasing real estate in a troubled economy also provides great opportunities for buyers and tenants. Real estate brokers often talk about it being a buyer’s and renter’s market and focus on selection and price; however, there are several other benefits when buying or leasing commercial real estate in a troubled economy. These additional benefits include tax abatements or credits…
