Simon Property tops expectations with fourth quarter results
Indianapolis-based mall giant Simon Property Group saw increasing profit, revenue, occupancy and rents in the latest period.
Commercial Real Estate
Articles
Growing ad agency takes prime space on Monument Circle
Bradley and Montgomery has renovated the second floor of the Indianapolis Power & Light Co. building, adding modern touches while keeping some organic elements.
Old Spaghetti Factory building sells for $10 million
A New York firm bought downtown’s Station Place office building at Georgia and Meridian streets for just under the asking price.
Developer buying Milano Inn property for big mixed-use project
A South Bend-based firm envisions condominiums and a mix of retail and restaurant space on the site of the hallowed Italian eatery that closed late last year.
Duke Realty tops expectations with fourth-quarter performance
Duke Realty Corp. on Wednesday reported funds from operations and profit in the fourth quarter that surpassed Wall Street expectations.
Hilton planning two hotels in Indy under new brand
Called Tapestry, the brand is designed to jump on the bandwagon for individualized and upscale hotels with distinctive local features.
UPDATE: Circle Centre anchor Carson’s commits to 5-year lease extension
The department store’s lease had been due to expire next January. If it had pulled out, the downtown mall would have been left with no anchors.
Carmel’s redevelopment strategy paying off, IU study says
The city of Carmel’s huge investment of public dollars into its central core has paid off when it comes to generating economic activity, jobs and additional investment in the area, according to a new study by the IU Public Policy Institute.
Foreclosure suit alleges Mainscape affiliate owes more than $6M on loan
The 100,000-square-foot building on Keystone Avenue once served as the headquarters for the landscape firm Mainscape Inc.
No room in the industrial market as occupancy soars
The Indianapolis-area industrial market ended the year with vacancy of just 3 percent, nearly half of what it was at the end of 2015. The upshot: More properties are needed, and several million square feet of space are in the pipeline.
Ambrose pays $47.8M for north-side office property
The local real estate firm bought the Parkwood West building and 14 acres of adjoining land from Duke Realty, which is exiting the office market.
Community Health demolishing, rebuilding East hospital
The wrecking ball is busy at Community Hospital East, knocking down one building after another, as workers ready the site for a brand-new, $175 million hospital.
Chicago-area developer jumps into Indianapolis market
Molto Properties has purchased 47 acres in the AmeriPlex business park and plans to construct a 620,000-square-foot industrial building before landing a tenant.
Westfield City Council approves 300-acre Aurora development
The 300-plus-acre office, retail and residential project, which will be located near the southeast corner of U.S. 31 and State Road 38, to the west of Grassy Branch Road, is being pursued by developer Chris R. White.
Co-working company buys downtown’s Circle Tower
Level Office said it plans to devote part of the building to membership-based co-working space with private offices and communal lounge areas, an espresso bar, 500-megabits-per-second fiber internet and local beer on tap.
Neighbors sue to block $23M College Avenue development
Three Meridian-Kessler residents have asked a judge to review whether the city’s Metropolitan Development Commission properly granted two zoning variances for the apartment-and-retail project.
Pence extends minimum energy standards for buildings
The outgoing governor was set to let the rules expire on Jan. 1. A Department of Homeland Security spokesman says new outdoor stage rules are also in the works.
‘Perfect recipe’ leads to Fishers food-centric development
The culinary-centric development proposed in Fishers is an unusual concept for the northern suburb, but it’s an idea experts say just needed the right recipe.
$50M Penrose on Mass project to get underway following parcel sale
The project will include 236 apartments, 40,000 square feet of retail space and a 379-space parking structure.
2016 Year in Review: $260M development planned for Mass Ave
Hendricks Commercial Properties' proposal calls for 337 apartments, 339,400 square feet of office space, and 67,225 square feet of retail. It also plans to construct a 132-room hotel and a 41,000-square-foot cinema.