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.
Commercial Real Estate
Articles
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.
Experts see ‘great concern’ over local construction outlook
A symbolic topping-off ceremony early this month to celebrate a milestone on the massive JW Marriott hotel project can’t
hide the anxiety felt within the construction industry.
General Growth says it will consider acquisition offers
General Growth Properties, the Chicago mall owner that Indianapolis-based Simon Property Group Inc. is interested in buying, said the company will consider all offers and may sell shares to the public to raise capital.
Prosecutor Brizzi a big player in real estate
Carl Brizzi partnered on a bank branch, took an ownership interest in an office building and flipped condos.
Brightpoint pays $31M for distribution facility
Locally based Brightpoint Inc. has closed on a $31 million deal to purchase its 495,000-square-foot distribution facility
in Plainfield.
Bloomington panel won’t support chain-store ban
A task force appointed by Bloomington’s mayor will instead look at other options for protecting the small-town character of the city’s downtown from standardized chain stores and eateries.
UPDATE: Simon stock jumps on $2.3B acquisition
Adding the 22-mall portfolio of Baltimore-based Prime Outlets will give Simon a total of 63 outlet malls with more than 25
million square feet of space.
Simon buying Prime Outlets in $2.3B deal
Simon Property Group Inc. is doubling down on outlet malls with an agreement to buy Baltimore-based Prime Outlets, a
privately held firm that owns 22 of the giant properties.
Simon buying General Growth debt for possible takeover
The Indianapolis-based shopping mall owner is facing competition for General Growth from Toronto-based Brookfield Asset Management Inc., which also has been buying up General Growth’s debt.
General Growth’s refinancing plan could thwart Simon
General Growth Properties Inc., the nation’s second-largest shopping mall operator, said lenders have agreed
to restructure about $9.7 billion in debt. The agreements could put a damper on the acquisition aspirations of rival Simon
Property Group Inc.
Builder looks to cold storage for steady work in a weak economy
Cold storage might become a hot business for a building contractor.
Indiana Ice plan to build $12 million hockey facility
Ice Sports and Entertainment, the owner of the Indiana Ice hockey team, announced Wednesday afternoon that it plans to
build a complex that could contain up to four skating rinks and house the Indiana/World Skating Academy.
Report: Simon considers sale of European properties
Simon Property Group Inc. may sell several of its properties in Europe to help raise funds for a possible bid for bankrupt
rival General Growth Properties.
Rich flocking to real estate
A survey shows wealthy investors are targeting real estate. But what about Indianapolis?
Topping off planned for JW Marriott hotel
The 34-story hotel, the city’s largest, is scheduled to open in 2011.
Downtown life sciences corridor flagged for development
A new task force is charged with making recommendations for development of the city’s downtown certified technology
park.
Neighborhood revitalization group calling it quits
BOS Community Development Corp., created in 1982 to revitalize the Indiana Avenue and Midtown area, says its mission is accomplished.
Research lab could replace ATA headquarters
Paul Kite Co. has applied for a rezoning of the 16.5-acre site to allow for
non-airport uses.