Despite a lot of construction, warehouses are being leased as soon as the cranes come down. Indianapolis, Phoenix and California’s Inland Empire are among the hot markets nationally.
Brookfield Property’s deal to take over shopping center landlord GGP Inc. isn’t winning over Wall Street analysts, nor is it scoring points with investors in retail real estate stocks, including Indianapolis-based Simon Property Group.
GGP Inc., known as General Growth Properties until changing the name a year ago, is the second-largest U.S. shopping mall owner behind Indianapolis-based Simon Property Group.
A food-packaging maker and one of the world’s largest bearing manufacturers have plans to spend more than $22 million and lease more than 400,000 square feet of space in Boone County if tax incentives are approved.
Andrew Juster joined the Indianapolis-based company in 1989 when it was known as Melvin Simon & Associates.
The 30-acre first phase of the 16 Tech innovation district, long touted as an up-and-coming hub for entrepreneurship and innovation, will be spurred by a $120 million investment from Browning and a $38 million grant from Lilly Endowment.
More than 100 people gathered Tuesday to plan how to oppose the project, which calls for nine buildings, two helipads and four parking garages.
The not-for-profit is spending $4.5 million to renovate its new building following an agreement to sell its current property to the neighboring Children’s Museum of Indianapolis.
New England-based SilverTech Inc. plans to expand to its second market by buying local stalwart Bitwise Solutions, which was founded in 1991.
Zeller Realty Group has sold the two spacious buildings along the North Meridian Street office corridor after undertaking extensive renovations.
Le Peep Restaurants of Indiana was acquired in January by a local investment group intent on making some improvements to the Indianapolis-area restaurants.
Onward Investors LLC announced Monday that it sold the building to Arkansas-based Tempus Realty Partners three years after acquiring it.
The Marsh closed in April 2017 as the grocer teetered toward bankruptcy. Meanwhile, Aldi is on a tear with its plans to modernize existing stores and open new ones.
An investment team headed by Bill Oesterle says it’s planning a “playground for the creative and innovative” on the 17.5-acre property.
The collapse of Toys “R” Us Inc. is yet another blow for landlords—including Indianapolis-based Simon Property Group—who now will have gaping holes of suburban retail space up for grabs. And few tenants would want them.
Only the Pan Am Plaza and a city-owned parking garage on Illinois Street jump out as prime locations for the mega-hotel Visit Indy wants downtown, hospitality industry observers say.
The $110 million Yard at Fishers District will feature about 15 restaurants, including two St. Elmo-owned concepts; a Sun King tasting room; a dual-branded hotel; and hundreds of apartments.
Council member Colleen Fanning said the action gives neighbors another chance to have their say in a redevelopment proposal that could affect what’s been deemed Haverstick Woods.
City and tourism officials had requested proposals for a hotel that would rival the 1,004-room JW Marriott and include ballroom space integral to attracting more conventions to the city.
The Carmel-based developer and operator of senior care facilities blamed high start-up costs and a challenging reimbursement environment for decision to pull out of Arizona.
