Cyber-security firm ditches downtown office for suburbs
Rook Security has relocated to Carmel from downtown Indianapolis and ultimately hopes to land in Fishers.
Commercial Real Estate
Articles
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.
Storied racetrack revved for a restart under new owner
Kevin Garrigus bought the Speedrome in November with the goal of revitalizing the historic east-side short track. He’s already put $500,000 into upgrades—with more on the way.
Development taking off in east-side corridor
Harrison College is asking $11.5 million for its two-building campus along East Washington Street, a steep jump from their assessed values but reflective of the area’s increasing potential for growth.
Salesforce unveils sign design for namesake tower
Salesforce.com Inc. on Tuesday filed permit drawings for its Salesforce Tower signage—finally giving an image to the vision the company set last May when it said it would assume naming rights on the state’s tallest tower.
Future of east-side church, once slated for demolition, still in limbo
TWG Development’s plan to convert the century-old structure into senior housing units has hit a snag, as the project wasn’t awarded federal tax credits in the latest round of allocations.
Co-working space commits to Marietta building on Mass Ave
New York-based Industrious said it will occupy two floors in the structure under construction by local developer Gershman Partners. It’s the second co-working provider to secure a downtown locale in two months.
Back to square one for 20-story AT&T tower
The owner of the mostly vacant AT&T building downtown has scrapped its plans to redevelop the 20-story tower and is putting it on the market without an asking price.
Law firms buddy up to share office space, expenses
For many firms, splitting office space and sharing resources is a strategy that makes good business sense. But such arrangements aren’t without challenges.
Owner of historic 14 West building asking nearly $6M for top two floors
The 8,500-square-foot residential space features a private elevator that will provide access to Red the Steakhouse, which is expected to open on the ground level in April, in addition to several other amenities.
Airport examines retailer shuffle, redesigned plaza, artificial grass
Officials are mulling designs for revamping sections of the Indianapolis International Airport, with an emphasis on a more natural feel, clearer signage and moving stores closer to the gates.
Purdue Polytechnic project hits snag on city’s east side
The planned high school for STEM studies announced with fanfare last year that it would move into the P.R. Mallory factory site, but leaders encountered a financial hurdle and now are keeping their options open.
Humane Society for Hamilton County planning jump to Fishers
The move from Noblesville to the Creekside Ministries property would allow the not-for-profit to significantly upgrade its operations and programs, according to a memo for Fishers officials.
Cushman offers optimistic view of Indianapolis real estate market
The local real estate brokerage presented its annual State of Real Estate event Thursday, painting a rosy outlook for almost all sectors of the market.
Developer plans $300M mixed-use project for abandoned GE campus
The land is expected to be developed into a mixed-use innovation district that will include more than a million square feet of office, educational, retail, residential, hotel and community space.
Downtown’s south end poised for construction projects
A $17 million hotel should break ground in April, while plans for a parking garage could be followed by the construction of two office buildings that would cater to growing tech companies.
Henke hopes to land hotels, eateries, grocery along U.S. 31 in Westfield
Developer Steve Henke has revealed his preliminary plans for a 40-acre commercial project to be known as the Commons at Chatham Hills.
Fountain Square eatery temporarily closed by state
The Asian restaurant that’s been closed since Feb. 1 isn’t set to reopen until Feb. 15, allegedly due to violating state tax code, according to a sign on the door.
Scale Computing secures new digs downtown
The fast-growing tech firm is joining several companies that have signed up for space in a short-term-leasing operation not far from Lucas Oil Stadium.