Altum’s staying put at current west Carmel location
The nursery on Michigan Road had planned to move to a smaller piece of land about four miles north, but hasn’t found a buyer. Kroger nixed a deal to buy its property last fall.
Commercial Real Estate
Articles
Minneapolis firm buys Fishers business park
Meritex purchased 306,408-square-foot business park out of foreclosure from Wells Fargo Bank. The previous owner, Kobra Properties, had fallen into bankruptcy.
Rolls-Royce gives downtown office market a bounce
The decision by Rolls-Royce Corp. to occupy Eli Lilly and Co.’s Faris office campus downtown headed off what could have been a big spike in the central business district Class A office vacancy rate.
Northeast-side office building falls into foreclosure
The 83,653-square-foot office building at 6666 E. 75th St. near Binford Boulevard and Interstate 465, is known as Heritage Park II. It is only 55-percent occupied.
Retail/office building planned for site at Fort Ben
Speculative development is almost unheard of these days, but the Fort Harrison Reuse Authority is taking the plunge.
Indianapolis couple offers seniors a senior housing alternative
Unusual home on south side has a dozen bedrooms for folks who need to give up their own homes.
Another northwest-side apartment complex faces foreclosure
Lender Fannie Mae filed to foreclose on Inverness Apartment Homes, whose Vancouver-based owner allegedly owes $4 million on a note that was due in February.
Office/retail building planned for Fort Ben
Speculative development is almost unheard of these days, but the Fort Harrison Reuse Authority is taking the plunge as it works toward breaking ground this year on what it expects will be a 45,000-square-foot building geared toward retail and office tenants.
Virginia not-for-profit suing Duke Realty for $30M
Military think tank CNA claims Duke Realty breached its obligations as landlord by selling land in Alexandria to the Department of Defense, which plans to build a bomb-inspection facility on the site.
Volunteers market growing retail space along East 10th
Six projects with more than 25,000 square feet of space will be completed this year and in 2012 along the 10th Street corridor, which runs from near Rural Street east to Sherman Drive.
Northeast-side office building target of foreclosure
Owners of the nearly 40,000-square-foot office complex near East 71st Street and Binford Boulevard have defaulted on a $3 million bank note, according to court documents.
Construction activity falls to near-decade low
The current pace of construction activity is just about half of the $1.5 trillion level that economists believe would signal a healthy construction sector.
City-County Council OKs North of South project funding
The $155 million complex, to be built primarily on Eli Lilly and Co.-owned parking lots at Delaware and South streets, is to include a boutique hotel, a YMCA, apartments and retail and office space.
Browning set to start retail project; another in works
Browning Investments is close to breaking ground on a small retail strip center on West 86th Street in front of St. Vincent Hospital and is in the early stages of planning a larger retail center at 131st and Meridian streets.
North of South development to start this summer
Now that financing for Buckingham Cos.’ massive project has the city’s blessing, the local developer is turning its full attention to construction of the 14-acre, mixed-use complex.
Developers need Greenwood’s OK for disputed land
Now that the Indiana Supreme Court has settled the lengthy Greenwood-Bargersville annexation battle, developer Mike Duke is ready to build on a 60-acre tract in the heart of the disputed territory.
Indianapolis halts work on blighted historic building
The owner of the 1880 building located at 42 E. Washington St. was cited for doing unapproved work to the facade.
Blockbuster selling movie-rental chain to creditors
The bankrupt chain will immediately close 609 stores. The company declined to comment on whether any of the 20-some stores in the Indianapolis area will be among the casualties.
Broad Ripple raising money to preserve historic buildings
A movement to protect historic buildings in Broad Ripple could target as many as 60 properties.
Airport could land $63M annually from land redevelopment
A consultant’s long-term land-use plan approved Friday morning by the Indianapolis Airport Authority recommends expected uses such as cargo and logistics, and offbeat uses such as construction of a solar-energy farm.