Wellness-based development would be first of kind here
Satori Pointe is being marketed as a campus where medical offices, fitness-oriented retailers and residents would co-exist.
Commercial Real Estate
Articles
Bank trying to sell former home of Premier Properties founder
A Lake Clearwater mansion formerly owned by Premier Properties founder Christopher P. White is up for sale with an
asking price of $1.48M.
Simon Property Group reports improved quarterly results
The Indianapolis-based real estate giant experienced higher occupancy and sales at its shopping malls compared to a year ago.
Lauth moving HQ to North Meridian office building
Lauth Group Inc. will relocate its headquarters to a North Meridian Street office building as part of a bankruptcy court settlement,
the company announced Thursday afternoon.
Duke Realty’s loss widens despite higher revenue
Indianapolis-based real estate investment trust reports bigger quarterly loss, even though revenue, occupancy and tenant-retention
rates rise.
Developer making final push for embattled Uptown project
Developer Leif Hinterberger has spent five years and most of his savings trying to build a $19M mixed-use
project at 49th Street and College Avenue. The project could be in trouble if he doesn’t get city
support.
Lauth headquarters offered for lease
Financially troubled developer Lauth Group Inc. is looking for new office space after the company’s largest investor took
control of the building it now calls home.
Movie-rental stores are next retail backfill opportunity
Vacant movie-rental stores are beginning to flood the retail real estate market here and elsewhere as the
nation’s
second-largest chain liquidates and industry goliath Blockbuster Video fights for its life.
Holiday Inn to hit auction block with $1M opening bid
A Holiday Inn hotel along Interstate 69 just north of 96th Street in Fishers is scheduled to hit the auction block next month
with a suggested opening bid of $1 million.
Lawsuit targets Simon’s leasing tactics
One of Indiana’s largest privately held developers is suing Simon Property Group Inc., alleging the nation’s largest
mall owner abused its “market power” to bully two national retailers into backing out of leases at a lifestyle
mall near Mishawaka.
Ripple Inn, Sinking Ship among new restaurants planned
Among the four eateries on the way, two are local ventures and two are chains.
Federal government asking questions about lease deals
The federal government is asking questions about how the Indiana Family and Social Services Administration handles office
leasing after an IBJ investigation raised questions about potential conflicts of interest.
Charter school moving to former Children’s Guardian Home
City leaders will officially announce Wednesday morning that Irvington Preparatory School will occupy the children's home,
which closed in June of last year. The school has signed a 15-year lease with the city.
Sparks fly at Simon estate hearing
Details of years of squabbling between family members of the shopping mall magnate Mel Simon have begun to emerge in a court
battle over the late billionaire's estate.
Simon competitor General Growth files reorganization plan
General Growth expects to come out of bankruptcy court with 180 properties, making it the second-largest shopping mall owner
behind Indianapolis-based rival Simon Property Group Inc.
CSO Architects plans new headquarters in former Bally’s gym
The 24,000-square-foot former fitness facility at 8831 Keystone Crossing is vacant and falling into disrepair.
Westfield’s proposed Symphony development under review
The Westfield planning commission has asked city employees to further review the 1,400-acre mixed-use project that could include
thousands of homes, shops, a YMCA and a baseball stadium.
Appraisers have little to go on in tough deal market
Until the market stabilizes, appraisers will be operating in an environment where 20 to 50 percent drops in property values
aren’t uncommon.
Developer George Broadbent sued for $9M by widow of co-founder
Avis Skinner alleges Broadbent isn’t making the payments he committed to when he bought out her husband's real estate
interests in 2006.
Indianapolis office vacancy rates still rising
Vacancy rates in the downtown and Keystone at the Crossing markets climbed in the past six months, according to
Meridian
Real Estate’s latest report, but the market shows signs of stabilizing.