Kite Realty takes quarterly loss, but tops analyst expectations
Indianapolis-based real estate developer Kite Realty Group Trust outperformed analyst forecasts with higher-than-expected revenue and funds from operations.
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Duke Realty reports stronger-than-expected first quarter
The Indianapolis-based real estate investment trust exceeded analyst expectations for revenue and funds from operations.
Hospitality hotbed serving airport picking up two more hotel properties
The impending arrival of the full-service Embassy Suites with convention and banquet facilities may have attracted yet another hotelier to the critical mass of operators just west of Indianapolis International Airport.
Longtime Kite Realty CFO Sink stepping down after 20 years
Dan Sink, who helped lead Kite Realty Group Trust through its initial public offering in 2004, plans to step down as chief financial officer, the company announced Monday.
Developer plans 81 town houses, retail for Noblesville
KennMar LLC has filed plans with the city of Noblesville to develop 23 acres at the southeast corner of Hazel Dell Road and State Road 32.
Ground broken for $24M mixed-use development on Lafayette Road
The real estate project at 3500 Lafayette Road, called the Pyramids at 35 Hundred, is expected to feature 130 independent-living units for seniors and 15,000 square feet of commercial space.
Integrating criminal justice center is key to lifting Twin Aire neighborhood
Ensuring the $572 million criminal justice center connects with the surrounding neighborhood and doesn’t sit isolated presents a big challenge for project planners and community leaders.
Duke Realty seeks to build headquarters at Keystone at the Crossing
The publicly traded company wants to leave the Parkwood Crossing office park in Carmel and is requesting $2.9 million in the form of a bond issue from the city of Indianapolis to help finance a new headquarters.
Carmel postpones hearing on St. Vincent project after neighbors, officials demand details
Carmel has postponed a rezoning hearing on a developer’s vague plan to build a medical complex at 96th Street and Spring Mill Road for St. Vincent Health. Carmel officials say they won’t consider a rezoning without specifics about the project.
Proposed $15M rehab promises offices, vast rec center on Mass Ave industrial corridor
Stenz Construction Corp. is seeking a city tax break to help offset costs for reclaiming a ramshackle set of buildings and creating fitness facilities, climbing walls, and office and restaurant space, among other features.
Sears to auction off its Castleton Square mall store to raise funds
The Indianapolis store is among three in Indiana, and 16 total, that Sears plans to sell and lease back to generate cash for pension obligations.
Naked Tchopstix in Broad Ripple becomes Captain Sushi after sale
The new owner also operates Hirosaki, a Japanese restaurant in Avon that opened in 2016.
Bank of America building first local stand-alone center in Indy push
The bank has staked out the upscale Keystone at the Crossing submarket for a staffed, free-standing addition to its growing local operations.
Nora, developer reach settlement on controversial development
The settlement will allow developer Green Indy LLC to build a revised version of the so-called Alexander at the Crossing project that was initially denied by the Metropolitan Development Commission last year.
UPDATE: St. Vincent CEO confirms land option at 96th & Spring Mill
But Jonathan Nalli said the health system has no plans to build a $1 billion hospital complex.
Ivy Tech plans $43M in projects in Muncie
The school’s downtown campus will get $30 million in work, including a $17.2 million Downtown North Building to be constructed on the site of the former home of the Muncie Star Press.
Out-of-state ownership hamstrings effort to revive Broad Ripple eyesore
Broad Ripple leaders are working to confront a long-standing challenge: what to do about a mostly vacant building whose out-of-state owners have allowed the property to slide downhill for years.
Contemporary art museum secures new home base in Holy Cross
More than a year after vacating its base of operations in Fountain Square, the Indianapolis Museum of Contemporary Art has landed on a new long-term location on the city’s near-east side.
Custom homebuilder expands to downtown condos
Litz & Eaton Development Co. and its two affiliates have grown from annual revenue of $1 million in 2011, the year residential developer Brad Litz and custom homebuilder John Eaton founded the company, to an expected $40 million this year.
Saks parent, a Simon Property partner, unable to escape slump
The rebound taking shape in parts of the retail industry eluded the owner of the Saks Fifth Avenue and Lord & Taylor department stores, which failed over the holiday season to reverse a decline in same-store sales.