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.
Commercial Real Estate
Articles
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.
$69M U.S. Courthouse modernization a boon for local firms
More than a dozen local companies have begun work on a three-year modernization of the Birch Bayh Federal Building and U.S.
Courthouse in the state's largest individual project funded by the federal stimulus.
Buckingham thinks big with plans for downtown development
Will the latest ambitious downtown development proposal finally master the formula for transforming a downtown surface parking
lot?
LEADING QUESTIONS: How Staubach fields his team
NFL Hall of Famer turned exec huddles with IBJ about confidence,
hard work, and placing personnel.
Circle Centre vies to keep anchor stores
Deals for both Nordstrom and Carson Pirie Scott are up for renewal in the coming months.
Duke Realty buying out joint venture partner for $298M
Duke Realty Corp. plans to buy out its partner in a joint venture that owns 106 industrial buildings in the Midwest and Southeast,
the Indianapolis-based company announced Wednesday.
Washington Square area getting first new retail strip in three years
Thompson Thrift, based in Terre Haute and Carmel, has started construction on Washington Square Commons, a 9,000-square-foot
retail strip at 10110 E. Washington St., at a major entrance to Washington Square Mall.
Circle Centre sues restaurant Bella Vita over unpaid rent
Italian restaurant that took over high-profile mall space in January is being sued by the landlord for $96,523.23.
Proposed development near Lilly campus could include hotel
Indianapolis developer Buckingham Cos. is in discussions to build a mixed-use development that could include apartments, shops,
office space, and a hotel and conference center.
Dunkin, Baskin-Robbins eye closed Meridian Street cafe
They will take over the former home of Bonjour Cafe & Bakery if the owner wins city approval to add a drive-through.
Construction supplies firm plans mixed-use HQ downtown
Affordable Building Supplies LLC, which was displaced by the construction of Lucas Oil Stadium, hopes to move its headquarters
closer to downtown in a new mixed-use building on South Meridian Street.
Zoning board denies plan for club catering to under-21 crowd
The music has stopped for a proposed under-21 club at Madison Avenue and Southport Road after a city board on Tuesday unanimously
denied a controversial rezoning request.
Road upgrade kicks off improvements in Lafayette Square area
A $20 million improvement of West 38th Street between Guion and High School roads that is set to begin next month is the first in a series of initiatives that stakeholders hope will revive the real estate fortunes of the area anchored by Lafayette Square Mall.
Rivers Edge lands Nordstrom Rack, The Container Store
Two sought-after national retail concepts are poised to open their first Indianapolis stores. Kite Realty Group Trust has
recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment
of Shops at Rivers Edge along 82nd Street at Dean Road.
Girl Scouts of Central Indiana moving to new headquarters
CEO Deborah Hearn Smith said the move will eventually bring a cost savings, but it has other benefits.
Battered banks don’t see light at end of tunnel
Credit problems continue to bedevil banks big and small, many of them caused by soured commercial real estate loans.
Retail project in search of tenants after Ace deal falls apart
A not-for-profit group that's hoping to build a retail project at the northeast corner of 22nd and Delaware streets
is looking for tenants after a deal for an Ace Hardware fell apart.
Lawrence Village inks J.C. Hart deal, seeks retail developer
The Fort Harrison Reuse Authority has approved the sale of a 6.6-acre site to Carmel-based J.C. Hart Co. for development of a 217-unit apartment community.