Speedway’s plan for roundabout hits snag over billboard
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.
Commercial Real Estate
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INSIDE DISH: Gastropub owners get aggressive after big first year
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.
Downtown Comfort Suites seeks bankruptcy protection
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.
Pan Am Plaza redevelopment brewing
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.
Technology helps Ivy Tech marry new, old construction
3-D scans match former hospital with building plans.
CityWay designed to integrate retail, housing, hotel, YMCA
Architects were told to push the envelope and integrate. Be mindful of where you are in the city and integrate well.
Industrial spec development making a comeback
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.
Developer plans $15.7M senior-living center on east side
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.
Historic church for sale in Old Northside neighborhood
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.
Fourth-quarter commercial real estate stats for Indianapolis
Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates and the local industrial market.
Tax credits spur city apartment construction
Increase in federal funding helps developers finance projects that include mixed-income rental housing.
Abandoned gas stations both vex, brim with promise
The trick is to determine in advance just how expensive and lengthy that cleanup might be.
Foreclosure sought for downtown’s Century Building
The lender claims owner Blue Real Estate defaulted on an $8.5 million loan on the historic building after failing to make payments beginning in July 2011.
Texas firm plans to move into Franklin distribution building
Music wholesaler Anderson Merchandisers LP is expected to occupy a 703,000-square-foot warehouse formerly used by Best Buy.
Kite reports quarterly profit, smaller annual loss
The Indianapolis-based real estate investment trust earned a profit of $3.1 million for the quarter ended Dec. 31, but lost $800,000 for the entire year.
Greenwood entices e-commerce company to stay
The Greenwood Redevelopment Commission on Tuesday evening approved an incentives agreement with One Click Ventures LLC, which plans to hire 109 people over the next five years.
Foundation finds buyer for 16th Street buildings after 6-year search
Two brothers purchased the pair of connected buildings at the northwest corner of 16th and Alabama streets and will use the property for a 50-seat café and the offices for Nottingham Realty Group.
Simon quarterly results improve as sales increase at malls
Simon Property Group Inc., the largest U.S. shopping-mall owner, reported a 6.3-percent gain in fourth-quarter funds from operations as income from rents rose.
New mixed-use project holds promise for building across street
An 82-year-old downtown commercial building that’s had trouble luring tenants is suddenly positioned to thrive courtesy of an $85 million mixed-use project planned for a site right across the street.
Circle Centre again suing Bella Vita over unpaid rent
Landlord Circle Centre Mall LLC is suing the restaurant over $77,275.24 in unpaid rent, according to court documents. Circle Centre also sued Bella Vita in June 2010 over $96,523.23 in overdue rent.