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.
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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.
Castleton Plaza seeks bankruptcy reorganization
Shopping center on East 82nd Street lists nearly $10.4 million in liabilities and about $7.6 million in assets. The Chapter 11 filing follows a request to foreclose on the property from the center’s lender.
California investor losing grip on holdings
Blue Real Estate defaulted on a $17.5 million loan for six buildings in Park 100, according to a mortgage foreclosure suit Bank of America filed this month in Marion County.
Near-east-side business district gets new tenant—a yoga studio
The budding commercial district, dubbed 10 East Main Street, landed Metta Yoga at 2807 E. 10th St.
Kite Realty sees decline in quarterly results
Indianapolis-based Kite Realty Group Trust on Wednesday reported a fourth-quarter loss on declining revenue.
Duke Realty sells offices in shift toward industrial
Strategy also calls for greater Southeast presence, less investment in the Midwest.
Lilly’s master plan for downtown (real estate)
As Eli Lilly and Co. outsources work and sheds unnecessary properties, it is making moves with surplus real estate that could establish the strongest physical connection between Lilly and downtown since the company was founded at Pearl and Meridian streets 135 years ago.
Fourth-quarter commercial real estate stats for Indianapolis
Statistics for Indianapolis office and industrial property.
UPDATE: Borders files bankruptcy, to close 2 area stores
Borders will close its downtown-Indianapolis and Carmel stores as part of its plan to shutter about 30 percent of its stores nationally.
Parking meter replacement set to begin in March
Affiliated Computer Services, which struck a deal late last year to manage the city’s parking meters, will begin replacing meters in downtown Indianapolis and Broad Ripple early next month.
Whitsett proposes 86-unit downtown apartment project
The $7.2 million project, to be financed with affordable-housing tax credits, involves retrofitting the three-story former Central Restaurant Products building to accommodate one- and two-bedroom apartments.
CIB set to approve parking lot paving bid
The Capital Improvement Board will consider a bid for up to $900,000 to pave a gravel parking lot on the former site of Market Square Arena once slated for redevelopment.
Glick partners on $30M downtown apartment development
The lead developer on a long-delayed proposal to redevelop the former Bank One Operations Center has landed a powerhouse partner: apartment developer Gene B. Glick Co.
Summit Realty Group logo change emphasizes Cushman & Wakefield tie
New branding emphasizes C&W name.
City agency signs off on North of South site plans
Regional Center Hearing Examiner gives blessing to the $155 million development’s master plan. Site plans will go before the Metropolitan Development Commission on March 2.
Keystone Towers heading toward demolition, city says
An Indianapolis Department of Metropolitan Development official says the city has plans to tear down the abandoned 15-story Keystone Towers complex at Allisonville Road and Fall Creek Parkway and seek proposals for redevelopment.
Technicality delays council’s North of South vote
A technicality caused the City-County Council on Monday night to put off a final vote on the massive North of South mixed-use project slated to be built on 14 acres north of the Eli Lilly and Co. corporate campus.