Brownsburg attracts $4.8M office project as part of bigger plans for downtown
The suites-style facility slated for Arbuckle Park is part of the town’s effort to create an identity for downtown through new spaces for living, working and playing.
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Indianapolis man sues Chipotle, others over sign collapse
The plaintiff says he suffered a concussion at a north-side Chipotle restaurant in April when a brick sign crumbled in high winds and totaled his car.
Three massive industrial projects on tap for Plainfield
The buildings will add 1.8 million square feet to the town’s already robust distribution market and will be built on a speculative basis, indicating healthy demand for such space.
Strategic Capital Partners makes major move
Two former top executives of Duke Realty Corp. are parlaying their experience at the publicly traded developer to take their real estate firm to new heights.
Cleveland company acquires former Navistar plant site
The Brookville Road plant, which includes about 1.6 million square feet on about 90 acres, houses a former engine plant and foundry that once employed hundreds of workers.
Mainstreet Property affiliate plans $152M in acquisitions
The deals would swell the holdings of Mainstreet Health Investments, a publicly traded owner of senior care facilities, from 24 properties to 31. The purchases include four properties from Carmel-based Mainstreet Property Group for $92.8 million.
Developer of Coke site plans to preserve much of historic building
The CEO of Hendricks Commercial Properties says saving the structure as part of a massive $260 million redevelopment is important to "everything we're trying to create there."
Coroner’s office wants out of downtown building by January
The office will likely remain in the 25,000-square-foot, privately owned building at 521 W. McCarty St. the next two years while the city explores whether to move the office or have a building constructed.
Developer revives 317-acre project for Westfield
Developer Chris R. White initially proposed the $300 million project known as Aurora in 2006 but it fell victim to the Great Recession.
New wave of downtown apartment projects to test demand
Construction of Penrose on Mass, Park at Pulliam Square and the second phase of CityWay will add another thousand units by the end of 2018.
Indy cracks nation’s top 10 for tech-firm office deals
Firms signed lease deals for nearly 1 million square feet of office space between mid-2015 and mid-2016 in Indy’s metro area, led by a mammoth deal for Salesforce.com, according to a national study.
Redevelopment deal could save historic Cumberland church
After a drawn-out drama over the structure’s fate, TWG Development LLC has agreed to buy the century-old building and convert it into senior housing, contingent upon receiving federal tax credits.
Aeropostale wins approval of $243 million sale to mall group
Teen clothing retailer Aeropostale Inc. won court permission Monday to sell its assets to buyers led by Indianapolis-based Simon Property Group Inc. and General Growth Properties Inc.
Opposition mounts to VA’s plan for Crown Hill columbarium
The U.S. Department of Veterans Affairs wants to build the structure on nearly 15 wooded acres owned by the cemetery, but a group led by the Indiana Forest Alliance is hoping to stop the project.
Kohl’s buys massive Plainfield warehouse, plans 900 jobs
The retailer announced that it has acquired a 937,000-square-foot distribution center in Plainfield where it hopes to hire 900 employees by early 2020.
Cabinet designer razes Westfield Boulevard building for new studio
A local custom cabinetry designer bought the building on Westfield Boulevard near East 75th Street last year and finished tearing it down late last month.
Simon Property-led group wins bid to keep teen retailer alive
A consortium led by Indianapolis-based mall giant Simon Property Group Inc. and rival General Growth Properties Inc. has won an auction for the assets of Aeropostale Inc., with a plan to keep open at least 229 of the bankrupt teen retailer’s stores.
Simon part of group trying to save at least 229 Aeropostale stores
Without the rescue, it appears the teen fashion retailer’s remaining stores are heading for liquidation, an event that will put about 10,000 people out of work. Aeropostale has five Indianapolis-area stores.
Humble medical office buildings selling for kingly sums
The latest local example of the sizzling market is the three-story Community Health Pavilion, which sold last week for $286 a square foot—far more than the per-square-foot price in two recent office complex transactions.
Two downtown office towers change hands in $417M acquisition
The four-building acquisition by Hertz Investment Group includes the tallest office tower in Indiana and the fourth-largest office complex in downtown Indianapolis.