Geist apartment complex sale ends drought of Class A transactions
Grande Reserve at Geist fetched $13.3 million, just shy of the asking price.
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Redevelopment planned for vacant car dealership
The 2.5-acre property might be retrofitted by late spring for fast-food, retail and possibly medical office users.
Indianapolis-area experts see bright spots amid ongoing real estate weakness
Health care shows signs of life, and multi-family buildings continue to hold their own, experts said during a recent IBJ Power Breakfast.
Industry vet sees sectors on upswing, auctions booming
Jeff Henry, managing principal of Cassidy Turley, believes the commercial real estate market has seen the worst but isn't far off the bottom yet. Meanwhile, banks are beginning to jettison properties in a wave of auctions.
Harding Dahm drops Grubb & Ellis, strikes merger deal
Harding Dahm & Co., which ranked sixth on IBJ’s most recent list of commercial brokerages, will become Lee & Associates Indianapolis. Terms of the deal were not disclosed.
Leader of local CB Richard Ellis office leaves to work for family business
David Reed is leaving to work for WisselReed Relocations, an Atlas Van Lines moving and storage franchise he started with his brother-in-law, David Wissel, in 2007.
Industrial market shows strength but faces challenges
About 2.5 million square feet of industrial space is expected to hit the market between now and the end of the year, most
of it in the Plainfield area.
Ohio manufacturer consolidates distribution in Indy
Cleveland-based Earnest Machine Products has signed a five-year lease for an existing 90,000-square-foot building in Park
100 on the city’s northwest side.
LEADING QUESTIONS: How Staubach fields his team
NFL Hall of Famer turned exec huddles with IBJ about confidence,
hard work, and placing personnel.
Resource lands Colliers affiliation
Resource Commercial Real Estate, which will remain locally owned and operated, will be known as Colliers International effective
immediately, the company said.
Politically connected broker’s deals raise conflict questions
John Bales' firm earned $2.9M in commissions on leases for state agencies and $270,000 in commissions
on the sale of surplus state properties. He also acted as a developer for public-sector
tenants—putting them into buildings owned by him or his associates.
Marsh renews effort to sublease headquarters
Most of the 148,000-square-foot building just north and east of the 96th Street/Interstate 69 interchange is empty.
New tenant-rep group plans commercial during Masters
One of the city's top office brokers is launching a new tenant-rep group with a TV commercial after the Masters golf
tournament on Sunday.
Commercial brokers trying property management in hard times
The commercial real estate slump is prompting several Indianapolis brokerages to add property-management services to their
portfolios or bolster existing ones.
Jones Lang LaSalle lures top industrial broker from CTMT
One of the city’s most prolific commercial real estate brokers is leaving the local office of Colliers Turley Martin Tucker
to join Chicago-based Jones Lang LaSalle.
Kosene becoming full-service residential brokerage
Kosene & Kosene is launching a full-service residential real estate brokerage, in part to counter a tough development
market.