Owners, developers see silver lining in health care real estate
Health care real estate has survived the nation’s weak economy better than most sectors, and some owners and developers
think it’s positioned to thrive.
Commercial Real Estate
Articles
Indy turns architectural corner
A Ball State architect thinks Indianapolis residents will like what they see in the new J.W. Marriott hotel downtown and beat
drums for more interesting buildings.
UPDATE: Simon shares climb after profit beats estimates
The company raised its average rent per square foot at both regional malls and outlet centers even as U.S. consumer spending
flagged.
Simon Property’s quarterly profit tumbles
Quarterly revenue remained flat at about $1 billion, but profit fell 41 percent, from $196.4 million to $115.9 million.
Simon, partner selling European malls for $981M
Unibail-Rodamco SE, Europe’s biggest shopping-center owner, has agreed to pay Simon Property Group and Ivanhoe Cambridge Inc.
$981 million for stakes in seven malls in France and Poland.
First hotel in downtown Marriott complex to open doors
The Fairfield Inn & Suites on West Washington Street downtown will open Wednesday. The hotel is the first of four comprising
the 1,600-room Marriott Place project to welcome guests.
Clarian eyes vacant Levitz space for office, warehouse use
Clarian Health Partners is considering converting a long-vacant, 180,000-square-foot Levitz furniture store on East Washington
Street into a center for home-health and pharmacy services.
Northwest-side industrial park sells for almost $30 million
The North by Northwest Business Park near 86th Street and Georgetown Road has been sold to firms in Minneapolis
and Baltimore for $29.6 million.
Simon Property accepts $2.3B of notes in offer
Simon will fund the purchase with available cash plus proceeds from the sale of $2.25 billion in senior unsecured notes.
Simon Property Group rolls out $2.25B offering
Proceeds from the offering will be used for general corporate purposes and to fund the purchase of senior notes.
Outlook remains grim for commercial real estate
Expect another year of rising vacancies, declining property values and distressed sales in the central Indiana commercial
real estate
market. That’s the message from Colliers Turley Martin Tucker in its annual State of Real Estate report.
Lender alleges Lauth insiders backdated loan documents
The largest creditor for Lauth Group Inc. has asked a bankruptcy judge to appoint a trustee after evidence in a related case
suggested Lauth insiders may have backdated documents to thwart creditors.
Shoppers World taking former Target space on U.S. 31 South
The New York-based department store has one other location in Indianapolis, in Lafayette Square Mall. That store opened in
2008.
Jones Lang LaSalle lures top industrial broker from CTMT
One of the city’s most prolific commercial real estate brokers is leaving the local office of Colliers Turley Martin Tucker
to join Chicago-based Jones Lang LaSalle.
The Flying Cupcake is among restaurants expanding as others contract
Bobby Joe’s Beef and Brew, a popular home-grown restaurant at Southport Road and Interstate 65,
has closed. Riviera Maya, billed as an authentic Mexican restaurant, is slated to replace Old Town Ale
House in Fishers
Brokerage CTMT rebranding, dropping Tucker name
The city’s largest commercial real estate brokerage is breaking from Colliers International and dropping Tucker from its moniker
for the first time in more than 90 years.
Real estate lawsuit pits Situs vs. Situs
Texas real estate consultancy sues local brokerage over rights to name they both share.
Buckingham tapped to develop mixed-use project near IUPUI
Former YMCA branch at 860 W. 10th St. would be razed to make way for retail and housing.
Lauth Group leads slide in commercial real estate
The outlook for commercial real estate development continued to worsen in 2009, as one major name faltered and other companies
scrambled to redesign their business models and capitalize on the carnage.
Bank buys part of property targeted for Fishers water park
A high-profile piece of land in Fishers that is part of a proposed hotel and water park project has been bought by the bank
that foreclosed upon it.