County assessors may push for stricter big-box tax laws
County assessors say a new law didn’t go far enough to protect counties from losing out on tax revenue from retailers in search of lower tax bills.
Commercial Real Estate
Articles
Zionsville parcels may lure Michigan Road development projects
Commercial projects are starting to stake claims on open land along the Zionsville portion of Michigan Road, catching up with the flurry of mostly retail development that’s already occurred along the Carmel portion of the roadway.
Broad Ripple jeweler spending $3M to redevelop downtown building
Nick Blum bought a vacant, three-story building south of Massachusetts Avenue and plans to move his Blumlux boutique there. The project will include luxury apartments and space for office users.
Pacers receive CIB approval for $50M practice facility
The five-story practice facility across the street from Bankers Life Fieldhouse would contain a gymnasium and offices for basketball operations and Pacers Sports & Entertainment.
Hotel, restaurant slated next to Ironworks on Keystone
The firm behind the Ironworks apartment-and-retail complex at 86th Street and Keystone Avenue now intends to build a five-story, 120-room hotel next door.
$50M mixed-use project on Mass Ave ready to move forward
Montage on Mass will feature 236 apartment units, 36,000 square feet of retail, two levels of underground parking and a giant three-story, electronic-mesh art display.
Scotty’s Dawghouse eatery to anchor Butler garage project
The concept from local restaurateur Scott Wise will occupy 6,400 square feet of space on the ground level of the parking garage under construction next to Clowes Hall.
Personal guarantees haunt Centre Properties founders
A Cincinnati bank that won a $2.1 million judgment on personal guarantees from Centre Properties founders Craig Johnson and James Singleton took the extreme action recently of having bank accounts frozen after the pair did not pay up.
Brewery proposed for $4.8M project in downtown Fishers
City officials are considering incentives for the two-story project, which would feature a restaurant and brewery on the first floor and office space for lease on the second level.
Family entertainment venue planned for Westfield
After scouting locations in Noblesville and Westfield, two Westfield-based companies selected a site just to the south of State Road 32 for a family entertainment complex and multi-family housing project.
Casino operator proposes $650M development on airport site
The complex, called American Place, would contain Indiana's smallest casino, 1.2 million square feet of retail space, 200 condominiums, 25 high-end hotel suites, a conference and performance center, offices, a movie theater with moving seats and a health club.
Popcorn retailer launches building expansion in Broad Ripple
Just Pop In, which has been a fixture on Guilford Avenue since 2003, will consolidate the store with kitchen and packaging operations a few blocks north as part of a major construction project.
Bingham partner Solada often a key player in zoning disputes
Lately, Maryt Solada has been mixing it up by representing grass-roots groups opposed to a wide range of controversial projects that have grabbed the public’s attention.
Developer seeks tax break on $7.9M Fountain Square project
Deylen Realty is requesting the abatement to offset the cost of building Forte, a 64-unit apartment-and-retail project on part of a surface lot that had been owned by the city.
IPS puts Mass Ave bus facility on block
The school system is expecting a flurry of interest in the 11-acre site—dominated by a former Coca-Cola bottling plant—as development opportunities in the popular cultural district dwindle.
Downtown skyscraper sales reset valuations
Four high-profile downtown office towers that recently attracted out-of-state buyers have become embroiled in disputes over their property tax assessments.
Ambrose handing DTZ property management biz
Ambrose Property Group LLC is spinning off its property management division to DTZ, one of the largest real estate firms in the city.
Fishers faces shortage of offices for small businesses
For businesses looking for small offices, Fishers is practically booked up. The demand for office spaces of 5,000 square feet to 10,000 square feet has ramped up recently in the fast-growing suburb, but supply hasn’t kept pace.
Duke Realty sees higher profit on lower revenue
Duke Realty Corp. saw higher profit in the second quarter, but a drop in funds from operations and lower revenue, the Indianapolis-based real estate developer said Wednesday afternoon.
Kite reports higher quarterly profit, revenue
Indianapolis-based Kite Realty Group Trust reported quarterly profit that beat analyst expectations and raised its guidance for the year.