The commercial real estate slump is prompting several Indianapolis brokerages to add property-management services to their
portfolios or bolster existing ones.
Health care real estate has survived the nation’s weak economy better than most sectors, and some owners and developers
think it’s positioned to thrive.
The 32-year-old developer Lauth Group Inc. likely will survive in some form if the company can find financing to get it through
a Chapter 11 reorganization and if the real estate market doesn’t take too long to turn around, experts said.
Some of the nation’s largest commercial real estate trade groups are asking the federal government to come to the industry’s aid-a push that, if successful, could give a boost to Simon Property Group Inc. and other Indianapolis-based developers. The Wall Street Journal reported today that the commercial real estate industry is asking to be included […]
Expecting a rocky 2009, locally based Kite Realty Group Trust sold nearly 5 million new shares in October to quickly raise almost $48 million in cash. The retail real estate investment trust saw its stock price tumble after the $10.55-per-share offering, from a close of $11.19 the day (Oct. 2) it announced the sale to $7.44 by Oct. 10. The deal dilutes existing shareholders, but company officials say it puts Kite in a stronger cash position to pay down debt…
Before they had fancy suits or fast cars, the four owners of Lauth Property Group were resourceful teen-agers, busy finding ways to make money. Chairman Bob Lauth, President Michael Curless and CEO Greg Gurnik each started neighborhood lawn-care businesses. The company’s treasurer and chief accounting officer, Larry Palmer, hawked programs at the Indianapolis Motor Speedway. At the time, their hard work and entrepreneurial instincts helped scrounge up date money. In the last few years, it’s helped them turn Indianapolis-based Lauth…
Yogi Berra once said, “You give 100 percent in the first half of the game, and if that isn’t enough, in the second half you give what’s left.” Women are accepting his challenge with a chuckle, running onto the commercial real estate field and playing to win. They also are balancing home and family. Why not? The U.S. commercial real estate market is worth about $3.5 trillion, according to Real Capital Analytics, a New York research firm. Bridget Farren, founder…
On April 14, as part of its Power Breakfast Series, the Indianapolis Business Journal gathered a panel of commercial real estate and construction experts to discuss industry conditions in the local market. In a discussion moderated by IBJ Editor Tom Harton, panelists took on a wide range of issues, including tax incentives and the status of downtown’s residential and retail markets. Power Breakfast guests were Mike Curless, executive vice president and principal with Lauth Property Group; Mike Wells, president of…
IBJ: Is your sector of the construction or real estate industry better or worse off than a year ago and why? BURK: Overall, I think the Indianapolis office market is better off than it was a year ago. The occupancy rate for the 29-million-plus square feet of multitenant office properties in the market increased by about 2 percent last year, to 82.5 percent. There was positive net absorption of about 600,000 square feet, most of which occurred in the suburbs….
Overshadowed by the $974 million midfield terminal project is a potential economic development bonanza: the reuse of the existing terminal and surrounding land at Indianapolis International Airport. More than 120 acres along Interstate 465 that today hold parked cars might someday house hotels, shipping operations or even a light-rail station after the midfield terminal opens in about three years. Another 54 acres representing the terminal and its immediate surroundings will be available for aviation uses from air freight to corporate…
The Carmel-based commercial real estate firm said longtime developer and real estate consultant Adam Broderick has been named the company’s chief executive.
Indianapolis-based New City Development is formulating plans for Padgett Commons, which would be built on 40 acres of undeveloped property east of I-65 near the intersection of East County Road 550 South and Perry Worth Road.
Plans call for the 215-room L7 Westfield hotel to be built on 6.5 acres in the Lantern Commons development near the intersection of U.S. 31 and 161st Street.
Hendricks Commercial Properties has spent more than $550 million to acquire and redevelop properties across Indianapolis and Carmel since 2013. But the Wisconsin-based firm says it’s just getting started with work it hopes to do here.
Brokers are filling vacant retail spaces with corporate parties, personal events and an assortment of fan-focused pop-ups. They hope the crowds will want to return later for a fun night, a nice dinner or even office or residential space.
The mall redevelopment is not the largest downtown project in terms of cost. But it will elevate a vast and critical piece of real estate as more than $9 billion in other downtown projects are slated to come to completion over the next decade.
The Wisconsin-based firm behind Mass Ave’s Bottleworks District plans to spend the next decade transforming the downtown mall into an open air, pedestrian-focused campus with housing, offices and shopping.
