UPDATE: Martin University puts Indianapolis campus up for sale
A Martin University spokesperson told IBJ that proceeds from the sale of university assets “will be applied toward outstanding obligations, including past debts and employee payroll.”
Commercial Real Estate
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Large package of farmland hitting auction block near Lebanon’s LEAP District
The largely agricultural area has been in the spotlight for several years since state economic development officials began assembling thousands of acres of land for the district.
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COhatch facing eviction as Circle Centre owner alleges missed payments
A representative for COhatch Indy said the company hopes to resolve its dispute with with Hendricks Commercial Properties imminently.
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Local developer eyes revamp of Broad Ripple funeral home site to apartments
The project would be something of a cousin to The Ripple, a 36-unit apartment and retail development that opened in 2020 across Broad Ripple Avenue.
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Q&A: Radio Shack sale led to a career in construction industry
Adam Campagna’s work in central Indiana’s construction industry has shifted from creating partnerships for vertical construction projects to those focused specifically on infrastructure.
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Articles
Simon Property Group’s investments pay off
The real estate investment trust bettered Wall Street expectations in 2025, thanks to increases in the rent it charges retailers and the increasing numbers of shoppers and higher sales figures across its 254 properties.
UPDATE: Despite opposition from councilors and neighbors, Martindale-Brightwood data center gets initial OK
The Metropolitan Development Commission hearing examiner’s approval of Los Angeles-based Metrobloks’ rezoning request came despite strong opposition from Martindale-Brightwood residents and some members of the City-County Council.
ICE plans Carmel office as immigration enforcement efforts ramp up
The federal agency is reportedly eyeing an office space near Interstate 465 and U.S. 31.
City disputes Chuck Surack’s claims that MLS effort is dead
Surack told Fox 59/CBS 4 over the weekend that in 2025 he was told by those involved in the effort that the stadium plan was no longer moving forward. He said he heard similar remarks from city hall.
Lauth Group, Schmidt Associates to study redevelopment possibilities for Washington Square Mall
Developers and architects are teaming with the town of Cumberland and Indianapolis City-County Councilor Michael-Paul Hart for a study into the deteriorating retail center’s potential, the parties announced Wednesday.
Mayor: New luxury hotel to be built near Fishers Event Center
Fishers Mayor Scott Fadness, during his annual State of the City speech, said the hotel project will occupy the site that previously had been earmarked for Chicken N Pickle.
Republic Airways moving into $200M HQ in Carmel, expanding on-site hotel space
The added lodging will allow more pilots and flight attendants to participate in training exercises and create more room for corporate employees in town on business.
IU, Purdue campus investments will reshape downtown
Since IUPUI split in July 2024, Indiana University and Purdue University have poured hundreds of millions of dollars into their respective downtown campuses to grow programs and attract students.
Starbucks sees room to expand with hundreds of new stores, increased seating
Its plans include smaller-format stores that are 20% cheaper to build but still offer comfortable seating, drive-thru service and mobile order pickup capacity, it said.
Indy Chamber endorses controversial Decatur Township data center proposal
The business organization said it supports “the responsible development of data centers” across central Indiana.
Local investment firm plans co-working, event space at former Scouting HQ
The Golden-Burke Scout Center, which for 15 years was the home of the Crossroads of America Council, has been on the market since last February.
Labcorp planning to relocate lab hub to 50-acre campus in Brownsburg
The $435 million campus will include more than 500,000 square feet of advanced laboratory and production space.
Carmel developer seeking $7.5M tax break for $62M Nora apartment, retail project
The mixed-use project with at least 250 apartment units would replace a collection of single-story buildings known as Winterton Office Park constructed in 1963.
Zionsville company building new HQ at city’s Creekside Corporate Park
Zionsville-based Intelligent Living Solutions, which currently operates from two different local sites, plans to bring everything under one roof in a new 20,000-square-foot location on 106th Street in Creekside Corporate Park.
Trump seeks to quell rebellion over data centers
Trump is attempting to ease voters’ concern over the AI build-out as the politics of data centers is rapidly shifting against Silicon Valley and lawmakers who support its push to quickly build hulking structures nationwide.
All Value City Furniture stores will close as part of parent company’s liquidation
The furniture company has three locations in central Indiana and three in other parts of the state.
Simons expand property holdings near Gainbridge Fieldhouse
Led by investments at and around Gainbridge Fieldhouse, Herb Simon and his family have spent over $26 million the past two years buying more than a half-dozen downtown properties.
Construction nearly complete on outdoor facilities at Carmel Gateway office park
The owners of central Indiana’s largest office park said they are nearly finished with a second phase of renovations to the campus, which includes new outdoor amenities that will allow workers to hold meetings at a lakeside amphitheater and enjoy recreational activities.
Shelbyville officials advance request to annex 429 acres as part of data center plan
Prologis Inc. hopes to build the sprawling, 13-building operation east of the State Road 44 and Interstate 74 interchange on property straddling the city’s eastern boundary.