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Forty Under 40 – 2018
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Huge surpluses have dried up for downtown tax increment financing district

April 12, 2018

Tens of millions in spending, along with unforeseen events, have drained the TIF’s unrestricted cash balance—money left to fund extra projects after covering debt and reserves.

Upscale Fishers apartment complex sells for nearly $37M

April 30, 2018

The 306-unit Flats at Fishers Marketplace complex was the site of a major fire in 2015 that destroyed one of the main buildings.

MIKE LOPRESTI: From Harroun to Sato, Indy winners by the numbers

May 10, 2018

Here are 33 bits of trivia about past winners of the Indianapolis 500—one for each driver who will try to do it Memorial Day weekend.

Indianapolis developer picked for $120M redevelopment project

May 14, 2018

Flaherty & Collins Properties was selected by the city of Valparaiso to develop a $120 million mixed-use project at the former Anco factory site.

New 360 Market Square apartment tower leaves trail of liens, litigation

June 14, 2018

Downtown’s new 360 Market Square apartment tower is leasing up nicely, but the $120 million project continues to be plagued by legal disputes related to its construction.

Atlanta developer to build 7-story student housing complex downtown

July 13, 2018

Haven Campus Communities, an Atlanta-based development firm, received approval from the Metropolitan Development Commission this week to build a 172-unit student housing complex downtown near IUPUI.

City-County Council votes to curb parking-meter-bagging program

July 17, 2018

The program resulted in a private developer and state lawmakers avoiding hundreds of thousands of dollars in parking fees by receiving free spaces at bagged meters.

Former factory site to become housing

October 10, 2018

Indianapolis-based Flaherty & Collins Properties has been selected by the La Porte Redevelopment Commission to construct a 200-unit multifamily development in NewPorte Landing, the former site of an Allis Chalmers farm-equipment factory. Flaherty & Collins plans to construct two buildings totaling about 167,000 square feet. The development will occur along the shores of Clear Lake […]

Area’s largest apartment complex sold in five-property deal worth $121 million

November 7, 2018

The new owners have renamed the five Indianapolis-area properties and plan to spend at least $29 million on renovations and upgrades.

Coil Apartments in Broad Ripple sold for more than $40 million

November 28, 2018

A Chicago-based private-equity firm acquired the grocery-anchored 151-unit complex from a partnership consisting of developers Browning Investments and Sheehan Construction Co.

Metro apartment boom continues as rents keep rising

November 29, 2018

Apartment rent is on the rise in Indianapolis, thanks in large part to the area’s boom in new multifamily developments—and updates to old ones.

Marriott reveals years-long data breach affecting 500 million customers

November 30, 2018

The hotelier announced Friday morning that information for hundreds of millions of guests who stayed at its Starwood properties has been compromised. Credit card numbers and expiration dates for some guests may have been taken.

Toronto firm adds to Indianapolis holdings with two apartment acquisitions

December 11, 2018

Emma Capital Investments Inc., which entered the Indianapolis market earlier this year, has acquired apartment complexes on the city’s north and northeast sides totaling 496 units.

How Fishers created a downtown almost overnight

January 3, 2019

The Nickel Plate District has exploded with development—and the biggest project yet is on the horizon.

Flaherty & Collins plans $170M Michigan project

February 27, 2019

The project in suburban Detroit will include 500 apartments, a 200-room hotel, 20,000 square feet of retail and dining space, and a 30,000-square-foot grocery.

Flaherty & Collins hires law firm partner

April 18, 2019

Kyra Rimsans had been a partner at Barnes & Thornburg.

Flaherty & Collins opens Sullivan apartment project

May 2, 2019

The project created 40 apartments, which are spread across two restored historic structures and new construction on the downtown square.

Purdue researchers hope to repurpose drugs to fight deadly superbugs

July 1, 2019 | John Russell

Researchers at Purdue have won a $2.5 million, five-year federal grant to screen existing drugs to see if they can help attack antibiotic-resistant infections.

Brownsburg’s newly built downtown starting to fill up

September 20, 2019 | Mickey Shuey

Through a series of developer partnerships that included $53 million in private funding, more than $90 million worth of new buildings and infrastructure improvements have been added along or near North Green Street.

West-side apartment complex sells for $32.8M

December 19, 2019 | Mickey Shuey

The Astoria Park Apartments complex, 3640 Beluga Lane, was bought by Besyata Investment Group, according to the Indianapolis multifamily division of Chicago-based Cushman & Wakefield, which brokered the sale.

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Forty Under 40 – 2018

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