The project by developer John Watson’s Core Redevelopment calls for preserving the stadium’s historic façade and shell as part of the 131-unit Stadium Lofts apartments, along with an adjacent 132-unit apartment community called Stadium Flats.
LISC, a not-for-profit lender, says it has not received any payments on its $515,265 construction loan since Jan. 1, 2011, and is owed more than $228,000.
The Indianapolis mall owner is expanding its global profile, agreeing to buy a controlling stake in a French firm with a 271-property European portfolio. Simon also is buying out a partner in its Mills portfolio closer to home.
Deron Kintner has stepped up to fund a string of high-profile real estate projects at a time when private-sector financing is scarce.
A newly public filing shows the co-founder of The Broadbent Co.’s net worth has fallen 60 percent, to $48 million.
Fixes to the state's historic preservation tax credit program pushed by Indiana Landmarks may have to wait another year after the Indiana Senate put the brakes on a bill that garnered unanimous support from the Indiana House.
Leading indicators for Indiana’s economy are looking up: Banks are increasing lending, real estate developers are pulling the trigger on long-shelved projects, manufacturers are expanding, and consumers are even buying big-ticket items, including automobiles.
Forever 21, a privately held California-based chain, has begun converting the roughly 25,000-square-foot former bookstore at the south entrance to the mall and is targeting a summer opening.
The Speedway Redevelopment Commission is threatening eminent domain against Clear Channel Outdoor Inc. because the billboard company won’t relinquish its lease rights at a key intersection.
The Local Eatery and Pub in Westfield streaked past break-even point in its first 12 months, leading its relieved but exhausted owners to plan new projects.
The hotel, owned by an affiliate of Dora Brothers Hospitality Corp., says its largest creditor is New York-based German American Capital Corp., which is owed $12 million.
The two entities that control the future of Pan Am Plaza have come to an agreement that could lead to the redevelopment of one of the most valuable parcels downtown.
3-D scans match former hospital with building plans.
Architects were told to push the envelope and integrate. Be mindful of where you are in the city and integrate well.
Speculative development is returning to the modern bulk industrial market after a four-year drought, with at least two projects preparing to break ground this spring and another in the works.
The city of Indianapolis approved the project after accepting Mainstreet Property Group’s offer to purchase the property at 16th Street and Arlington Avenue for $912,500.
The 34,000-square-foot neoclassical building includes a 1,200-seat auditorium renovated in 1995. The limestone structure has been used as a place of worship since it was built in 1912.
Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates and the local industrial market.
Increase in federal funding helps developers finance projects that include mixed-income rental housing.
The trick is to determine in advance just how expensive and lengthy that cleanup might be.
