Anderson makes headway in disposing of former GM sites
The city of Anderson is nearing a milestone in its effort to find new uses for numerous former General Motors sites that have been in its possession since 2006.
Commercial Real Estate
Articles
Downtown apartment developers take divergent paths to financing
J.C. Hart Co. spent more than a year securing a $5 million bank loan to expand an existing project; Buckingham Cos. turned to the city to finance its ambitious project just north of the Eli Lilly and Co. campus.
Plans for Kroger-anchored center in west Carmel fall through
The grocer might reconsider the Altum Garden’s site if economic variables change.
Duke Realty improves third-quarter performance
Duke Realty Corp. had its best leasing quarter in three years and boosted overall occupancy to nearly 90 percent, helping the company post a profit for the fiscal period ended Sept. 30.
Farmland sales go flat in suburban Indianapolis
The real estate bust and a drought in transactions make values all but impossible to gauge.
Owner of city apartment complex files Chapter 11
The owner of a 518-unit apartment complex on the northwest side of Indianapolis is seeking Chapter 11 bankruptcy protection as it disputes the amount of its mortgage debt with its lender.
Greenfield apartment market heats up with sales, development activity
The Hancock County community is drawing interest because of recent hiring in the area and a strong population of seniors.
Black-lit mini-golf course opens on Circle Centre’s fourth floor
Wichita, Kan.-based Opry GlowGolf LLC, which operates 20 similar courses around the country, took 6,500 square feet just up the escalator from the food court.
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.
Farmland sales go flat in suburban Indianapolis
The real estate bust and a drought in transactions make values all but impossible to gauge.
Consulate buys East Street space, leaving Union Station
The Mexican Consulate has been a tenant at the city-owned Union Station since it opened an office here in November 2002. The new site will more than quadruple its space.
3Mass resident sues developer over accessibility
A resident of the 3Mass condo development who uses an electric wheelchair is suing the developers for failing to provide handicap accessibility to a rooftop terrace.
AmericInn buys Fishers hotel, enters local market
Minneapolis-based hotel chain AmericInn has purchased a Holiday Inn along Interstate 69 in Fishers, giving the company its first Indiana location.
Suburban hotels take a beating as downtown recovers
As revenue per room falls, some hotels outside the center city are going on the auction block.
Santorini owner vows to rebuild after fire
An early-Tuesday blaze destroyed the Fountain Square restaurant that Taki Sawi opened in 2001. Fire officials estimate damage between $800,000 and $900,000.
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.
Developer of Binford Medical Complex files for Chapter 11
The developer of an unfinished medical office complex on Binford Boulevard has filed for Chapter 11 bankruptcy protection in hopes it can retain control of the property and resume construction later this year.
Broadbent subsidiary seeks bankruptcy reorganization
The owner of the building that houses the Music Mill concert venue listed assets of $1.4 million and liabilities of $1.3 million.
Indiana Landmarks selling downtown headquarters
The building housing the not-for-profit’s current headquarters on the Central Canal is listed for $3.1 million. The not-for-profit is moving into the former Central Avenue Methodist Church in the spring.
Good News Ministries eyes using ex-motel to house homeless
Residents of Irvington are split over whether to support turning the former Indy East Motel into housing for homeless families.