Q&A with Catherine Esselman on reimagining real estate
Esselman spoke with IBJ about her experiences running a solo firm and why she loves finding tenants for underused spaces.
Brokers
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Jury awards $1.8 billion in Realtor case, finds groups conspired to inflate commissions
The decision involves a sale’s commission, which hovers around 5% to 6% of the home sale price and is paid by the home seller both to the sellers agent and the buyers agent.
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Secondary brokers say ticket demand has been mixed, but Hinkle games are hot commodity
Interest in tickets to Sweet 16 and Elite Eight games in Indianapolis is generally outpacing the demand for tickets to earlier rounds. Tickets for Hinkle Fieldhouse games are seeing the strongest demand.
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Office-seekers hit pause after COVID-19 saps economy, spurs rethinking about space
Many employees have traded in-person meetings and conversations for emails and videoconferencing—something many experts say likely will continue long after social distancing requirements are relaxed.
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Scotty’s Brewhouse founder Wise joins CBRE as retail broker
Scott Wise, who founded the once-flourishing Scotty’s Brewhouse restaurant chain, starts Tuesday at CBRE’s Indianapolis office, joining a team of 12 brokers in the office’s retail division.
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Articles
Indianapolis financial advisory team leaves Stifel for Sanctuary Wealth
In an unusual about-face, two veteran Stifel advisers who were expected to be part of the newly formed M&K Legacy Wealth team at Sanctuary called off the move just days after the founding was announced.
All-Star Real Estate Agents: The Indy area’s top teams and solo sellers
Jennil Salazar switched agencies to Compass Indiana LLC but held on to the top spot of the IBJ All-Star Solo Agents for the fourth straight year. And a trio of veteran real estate agent teams maintained their hold on the top three places in IBJ’s All-Star team rankings, with Dennis Nottingham’s Indy Home Pros Team in the No. 1 position.
Arbitrators deny J.P. Morgan’s request for damages against three former advisers
J.P. Morgan had claimed that the three former employees improperly solicited clients to follow them to their new firm.
Federal judge rules in Indy financial adviser’s favor in exit from firm
The ruling in U.S. District Court in Indianapolis could make it easier for brokers who switch firms to notify clients about the change without fear of legal action.
J.P. Morgan sues ex-broker after client exodus to his new firm
The brokerage alleges that Erik Weiss, since leaving for a job with Raymond James & Associates last month, has been improperly soliciting clients to follow him.
Prime site near Keystone, 96th Street interchange hits market for nearly $10M
The 18.1-acre parcel is one of the few remaining undeveloped sites of significant size on Indianapolis’ northern edge. Although it’s bordered by homes, local brokers foresee commercial development.
Local apartment brokerage Tikijian Associates bought by Cushman & Wakefield
George Tikijian, who founded the company in 2005, said the deal was finalized Thursday following several months of internal deliberation.
Real estate heavyweight CBRE moving from downtown to Keystone at Crossing
The city’s largest commercial brokerage has called downtown home for more than 35 years. It’s heading north to accommodate employees and consolidate offices.
Hogsett explores shopping City-County Building, other downtown properties
Indianapolis officials have triggered a wide-scale review of the need for big municipal buildings downtown. Real estate executives are intrigued by the 28-story City-County Building’s potential for private redevelopment.
Halakar Properties reemerges after national partner ends affiliation
The local Halakar real estate firm no longer is affiliated with Newmark Knight Frank, which has poached a former Halakar co-owner to start an Indianapolis office.
Angie’s List’s east-side corporate campus listed for sale
The 17.5-acre campus on East Washington Street is made up of 41 parcels with 25 buildings, 1,000 parking spaces and 190,000 square feet of office space. Parent company ANGI Homeservices would like to sell it to a single buyer if possible.
National real estate brokerage making bigger play into hot industrial market
The local office of Lee & Associates plans to more than double the number of brokers it devotes to the sector, as industrial vacancy remains solidly in the single digits.
Old Spaghetti Factory building sells for $10 million
A New York firm bought downtown’s Station Place office building at Georgia and Meridian streets for just under the asking price.
Former real estate broker Garden sentenced to six years
David Garden was sentenced to six years in prison Wednesday after being found guilty last month of defrauding homeowners and renters on the city’s south side who were having financial difficulties.
Indy-area office space filling up, with more big tenants in wings
Research from one brokerage shows office vacancy in the metro area dipping to 15.6 percent last quarter, the lowest rate since 2008.
Local CBRE office loses leader to another real estate firm
The Indianapolis area’s largest commercial real estate brokerage is searching for a new director with the departure of John Merrill to co-lead the local office of Holliday Fenoglio Fowler LP.
Colliers buys Summit, continuing commercial real estate shakeup
Real estate firm Colliers International upped its stake in the Indianapolis market by acquiring locally owned Summit Realty Group. At the same time, former Colliers affiliate Resource Commercial Real Estate has reverted to its original name.
CBRE’s three-year courtship of Sitehawk pays off
After becoming managing director in 2010 of the local CBRE office, John Merrill knew he needed to do something to improve the firm’s retail services. He soon set his sights on market leader Sitehawk.
Local Cushman & Wakefield office names new leader
A veteran Duke Realty Corp. executive is assuming leadership from Jeffrey L. Henry, who has led the office 15 years, a span that included a series of name changes.