California real estate trust acquires Carmel office building for $32M
StREITwise, a Los Angeles-based real estate investment trust, purchased the 142,000-square-foot Class A office and retail building from Ambrose Property Group.
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Developer of The Yard in Fishers eyes adjacent land for another project
Thompson Thrift Retail Group has plans to purchase a combined 8.6 acres east of The Yard for a development that could include retail, office, townhomes and a boutique hotel.
Craft-beer guru planning taproom in Greenwood with ax-throwing hook
The investor group behind Tap & Axe, which includes the founder of craft-focused Hoosier Brewing Co., expects to spend more than $500,000 in the end to buy and renovate its 109-year-old downtown location.
Deal with Ozdemir paves way for Purdue Polytechnic High School to open in Broad Ripple
For at least one year, the school would operate out of a building just east of Broad Ripple High School that Ozdemir's Keystone Group is buying.
Simon Property CEO ‘nervous’ about more retail bankruptcies
Simon Property Group managed improvement in every significant financial category in 2018 despite a landslide of retailer failures. On Friday, CEO David Simon said the company will have to continue to navigate through more store closures.
National car dealer backs away from massive HHGregg HQ site
Napleton Auto Group says it’s still weighing its options for relocating one of its local Kia dealerships after dropping a contract to buy the former appliance chain headquarters and retail site.
Napleton eyes former HHGregg HQ on 96th Street for Kia dealership, more retail
The Chicago-based auto group that entered the Indianapolis market with a big splash in 2017 has requested a zoning change for the mammoth HHGregg property that would include car sales and repair.
Bates-Hendricks working to attract, shape commercial development
Now that Bates-Hendricks has emerged as one of the city’s housing hot spots, its neighborhood association is focusing on the commercial boom residents believe will follow.
South Carolina firm buys northwest-side office park for $6.5M
The acquisition of Commerce Park’s amalgamation of office buildings marks the second significant purchase in the Indianapolis area for Ziff Properties.
After delays, $45M downtown mixed-use project to finally break ground
The local developers of The Ardmore see the apartment-and-retail development as a bookend to the massive Bottleworks project on the other end of Mass Ave.
Proposed firehouse project in Butler-Tarkington hits snag
After many months of delays, an opponent of the project requested an eleventh-hour stay on city approval after he became too sick to attend the meeting.
Carmel, PNC Bank reach agreement on land sale for mixed-use project
Carmel filed a lawsuit in August to take control of PNC’s North Range Line Road property, but the bank agreed in an out-of-court deal to sell the land for $2.5 million.
Rockstone plans Bedrock HQ, campus for entrepreneurs in Noblesville
Rockstone Investments, parent company of Bedrock Builders, would spend $4.3 million to construct 31,000 square feet of office space plus a 17,000-square-foot warehouse.
Flexware expands office project in Fishers’ Nickel Plate District
Flexware Innovation will construct an additional 8,000-square-foot building at 1 Municipal Drive as part of its Nickel Plate District office building project.
Cousin sues Indy hotel developer over Crowne Plaza airport hotel entity
The lawsuit centers on Jim Dora’s alleged actions shortly before and after his father’s death in June 2016, with an entity, Airport Inn Developers, that owned and operated the Crowne Plaza Hotel near the Indianapolis Airport.
Circle City Industrial Complex lands big loan for updates
The old industrial building, which has about 130 tenants, has been in redevelopment mode since 2015.
After years of effort, 16 Tech innovation district finally starting construction
Developers of 16 Tech—a consortium of offices, laboratories, housing and retail space—believe the campus will become a powerful economic engine by fostering collaboration and innovation.
North-side office buildings sell for $17M
The two properties straddling the Castleton and Lake Clearwater areas recently received slick updates from their previous owner.
Local apartment brokerage Tikijian Associates bought by Cushman & Wakefield
George Tikijian, who founded the company in 2005, said the deal was finalized Thursday following several months of internal deliberation.
Vote postponed on controversial Broad Ripple apartment project
The developer of a proposed 164-unit apartment complex in the heart of Broad Ripple said it would consider going back to the drawing board in an effort to get the blessing of some area residents who have concerns about the project.