Simon CEO says he’s confident mall business will prevail in tough retail climate
David Simon told investors that the “returns will be there” if the company continues to invest in its properties.
Commercial Real Estate
Articles
Developer proposes $50M shopping center in Whitestown
The Shoppes at Whitestown would be located on 33 acres within the Anson development with room for about 20 retailers and seven outlots. It could open by fall 2018.
Kite Realty flies past predictions with quarterly results
Kite Realty Group Trust saw higher revenue and better-than-expected funds from operations in the first quarter, but profit slipped.
Duke Realty beats market expectations in first quarter
The Indianapolis-based real estate investment trust saw higher revenue and profit in the most recent period.
Hope floats: North-side plumbing firm rehabbing building for HQ move
Hope Plumbing expects to sink $1 million into the project about a block from its current home to accommodate its growth. It’s seeking a tax abatement from the city to help offset costs.
MJ Insurance moving headquarters to Carmel next year
One of the area’s largest insurance agencies announced Monday that it plans to move its corporate headquarters from the northeast side of Indianapolis to Carmel next year.
Mall owners turn to carnivals, music to fight online retailing
With customer traffic sagging, U.S. retail landlords like Indianapolis-based Simon Property Group Inc. are using their sprawling concrete lots to host events such as carnivals, concerts and food-truck festivals.
Salesforce sign taking shape on state’s tallest building
The San Francisco-based tech giant’s moniker atop the 48-story skyscraper replaces the Chase logo that adorned the building for years following its acquisition of Bank One.
Running low on funds, Vonnegut museum seeks speedy outcome to legal fight
The museum devoted to the late local novelist says its lease dispute with a building owner on Massachusetts Avenue threatens the survival of the not-for-profit.
City has plan for City-County Building plaza, but can it be done for $9M?
Rundell Ernstberger Associates' design features an interactive fountain and an event lawn accommodating up to 1,500 people. The first proposal, from another architect, was scrapped because it was too expensive.
Indianapolis furniture manufacturer relocating to Whitestown
Facility Concepts Inc., one the country’s largest commercial furniture makers, plans to move its headquarters and 117 jobs to a $10 million development in AllPoints at Anson by Duke Realty and Browning Investments.
Exterior of downtown bank headquarters getting major overhaul
The National Bank of Indianapolis is set to begin upgrading the facade of its flagship location at Pennsylvania and Market streets—the first improvement to the building's outside in more than 40 years.
Browning seeks to develop massive office park in North Meridian corridor
The Indianapolis-based firm has filed plans for a 14-building project in Carmel with nearly 1 million square feet of office space, plus retail, restaurants and a dual-branded hotel.
Local developer buys downtown’s One North Penn building
Loftus Robinson acquired the 16-story office tower from a Florida firm and plans to embark on a facade renovation to restore its historic character.
Downtown Cummins building lands first retail tenant
Bank of America said it will open a branch by the end of the year in the ground floor of the office building, which opened in January and serves as Cummins’ global distribution headquarters.
Art education fundraising firm crafting $4M office at Fort Ben site
The local company considered buying its current home before hitting the drawing board and launching plans to build its own space.
Cyber-security firm ditches downtown office for suburbs
Rook Security has relocated to Carmel from downtown Indianapolis and ultimately hopes to land in Fishers.
Cyber-security firm ditches downtown office for suburbs
Rook Security has relocated to Carmel from downtown Indianapolis and ultimately hopes to land in Fishers.
Borshoff moving from longtime office to Mass Ave
The city’s largest public relations firm is leaving its downtown space in the historic Majestic Building for Lockerbie Marketplace.
Salesforce expansion will fill one-quarter of Salesforce Tower
The San Francisco-based tech giant in May will begin occupying 11 floors in the 48-story building.