Downtown boom hits Herron-Morton neighborhood
A growing number of pricey new homes are cropping up in the historic Herron-Morton neighborhood, bolstered by the strength of the downtown housing market and the rejuvenation of East 16th Street.
Commercial Real Estate
Articles
High-end office park on north side sells for $162.9M
A partnership involving a local firm has acquired the eight-building complex from Duke Realty Corp., and is planning an amenity center for dining, fitness, conferences and workplace collaboration.
McNamara hopes $2.5M bet on HQ will help Mass Ave industrial corridor flower
The Indy area’s largest florist has completed moving its headquarters and distribution operations from Fishers to an area near downtown in need of revitalization.
Kite Realty’s focus on primo locations serving it well
Kite Realty Group Trust has built an admirable record of picking winning locations for its centers and keeping them vibrant with tens of millions of dollars in upgrades.
Suburban megachurch expanding into downtown with big purchase
Traders Point Christian Church has acquired a 104-year-old building at the corner of 12th and Delaware streets and plans to spend $2 million to renovate it.
Builder bets on West Clay retail area
A developer is poised to tackle the remaining vacant commercial property in the heart of Carmel’s Village of West Clay.
Citimark planning $33M office campus near downtown Fishers
In a development deal with Fishers, Indianapolis-based Citimark plans to purchase the 23-acre site that includes the long-vacant former Charles Schwab regional client center and the building that houses Launch Fishers.
Plan for event center in former Lockerbie church faces pushback
Several residents of the historic downtown neighborhood fear the center will bring excessive noise and trash to the area, in addition to creating more parking problems.
Fishers seeking to restrict retail along I-69 corridor
City Councilors soon will weigh tighter rules for stores and restaurants along I-69 to streamline the "hodgepodge" of development standards and give them greater say over new projects.
Unfinished River North commands top rents, boosts Keystone office market
Still under construction, PK Partners’ 102,000-square-foot office building near The Fashion Mall is already entirely pre-leased. Its performance further juices the area’s in-demand office sector.
Kite Realty tops Wall Street expectations in 2nd quarter
Kite Realty Group Trust lost money in the second quarter but beat analyst expectations when it came to revenue and funds from operations.
Kite Realty spent millions on deal that didn’t occur
The Indianapolis-based company spent $2.8 million in the second quarter on a potential purchase it ultimately decided not to pursue.
Duke Realty meets analyst predictions with quarterly results
Duke Realty Corp. on Wednesday reported a smaller profit on slightly more revenue in the second quarter, along with key performance results that met analyst expectations.
Simon coveting restaurants, online retailers to fill mall space
Simon executives told analysts during a conference call Wednesday that the company has added 200 restaurants to its tenant mix in the past five years, 53 of which should open either this year or in 2017.
Simon raises dividend, outlook on solid quarterly results
The mall owner said funds from operations, a key performance measure, remained flat, but they beat analyst estimates by a penny.
City seeks input on new use for Butler-Tarkington fire station
The 84-year-old building at 56th and Illinois streets is expected to draw plenty of interest from restaurateurs due to its proximity to the neighborhood’s prime commercial corner.
Movie theater, bowling combo proposed for Carmel
Frank Theatres CineBowl & Grille would include 16 lanes of bowling, 10 auditoriums, a video gaming area, and a restaurant featuring indoor and outdoor seating.
Environmental firm expects big growth in new HQ on hot corridor
EnviroForensics has spent $3 million to buy and renovate a new headquarters a few blocks north of its current location on North Capitol Avenue.
Council gives city say in $260M Mass Ave project
The city will have one year to negotiate a project agreement with Hendricks Commercial Properties, which has proposed a $260 million development on the lot at the corner of College and Massachusetts avenues, or be forced to buy the property from IPS.
Colts sign new lease for airport hanger after paying for improvements
The Indianapolis Colts organization is getting a break on rent for its 20,000-square-foot hanger at Indianapolis International Airport after doing some rehab work.