Loftus and Robinson making splash in development
Young team making a splash parlayed a painting job into projects extending to redeveloping the train station in Fishers.
Commercial Real Estate
Articles
Wisconsin firm pays $13.8M for Century Building downtown
A Wisconsin-based firm has purchased the downtown Century Building for $13.8 million from Zeller Realty Group, which bought the historic building out of foreclosure just over a year ago.
Cumberland ups ante in fight to save historic church
The town is appealing a decision that helps pave the way for a convenience store to be built where a historic church now sits and has hired a top real estate attorney to argue its case.
Wisconsin firm buys downtown Century Building for $13.8M
Hendricks Commercial Properties, which developed the Ironworks mixed-use project at Keystone at the Crossing, purchased the downtown office building from Zeller Realty.
21c seeks $9M loan from city to turn Old City Hall into $55M hotel-museum
The project, which would add a modern 150-room hotel to the historic downtown building, also hinges on approval of an $11.3 million federal loan through the U.S. Department of Housing and Urban Development.
Reeling developer dumps ‘worthless information’ on court
A judge ordered HDG Mansur chief Harrold Garrison to appear in court after creditors charged he is dodging their requests for information and filed a contempt motion.
Simon forming $1.8B joint venture with retailer Hudson’s Bay
Simon, the biggest U.S. mall owner, will contribute $278.5 million and have a stake of 20 percent in the joint venture with Canada’s oldest company.
Northwest-side office building sells for $14.3M
The 180,637-square-foot building, known as College Park Plaza, was built in 1998 and houses the headquarters of publicly traded Republic Airways Holdings Inc.
Bankruptcy, foreclosure filing dog Park Fletcher property
The new owner of 17 buildings in the southwest-side industrial park has filed to reorganize $12.6 million in debt as the lender seeks to foreclose.
Buyer of mostly vacant office complex scores 3 tenants
After buying 500 N. Meridian in June, Ambrose Property Group has snagged three major tenants from OneAmerica Tower.
Groundbreaking set for downtown’s Market Square skyscraper
Executives of Flaherty & Collins Properties will join city officials Wednesday to turn dirt on the site, kicking off construction of the $121 million, 28-story apartment project anchored by a Whole Foods store.
Cumberland church closer to demolition after city hearing
Plans to build a gas station and convenience store on the site of the historic church received a positive recommendation Thursday, moving the matter to the Metropolitan Development Commission next month.
House panel OKs much-revised Sunday alcohol sales bill
The proposal to legalize Sunday carry-out alcohol sales in Indiana now could force grocery stores and pharmacies to follow the same regulations as liquor stores.
Pork purveyor to build $43.5M facility, hire 260
John Morrell Food Group, one of the oldest meat manufacturing firms in the nation, plans to build and equip a massive refrigerated distribution center just east of Indianapolis.
Legislation tackles big-box retail valuation issue
The bill comes as assessors around the state worry that recent Indiana Board of Tax Review decisions in favor of Meijer and Kohl’s will force them to slash the value of big-box stores during the upcoming spring assessment cycle.
Vacant downtown building targeted for restaurant
Locally based Zink Architecture & Development is buying the vacant building near the intersection of College and Massachusetts avenues and plans to renovate it for restaurant use.
City seeking redevelopment ideas for IRT building
Built in 1927, the city-owned landmark has served as the Indiana Repertory Theatre’s home for 35 years. The city and the not-for-profit are working on a lease renewal.
Not-for-profit developer BHI gears up to house flood of baby boomers
BHI Senior Living, an Indianapolis not-for-profit that’s spent more than half a century serving retirees, could be poised to go from incremental to exponential growth—all thanks to the aging of the baby boom generation.
Another clothing retailer files for bankruptcy
Cache Inc., which has a store in the Fashion Mall at Keystone, has filed for Chapter 11 protection and might liquidate its inventory. Simon Property Group is the retailer’s largest creditor.
Largest Domino’s franchisee buying nearly 40 area stores
A franchisee that started with three Domino's stores in South Mississippi 34 years ago is buying 45 stores in Indiana from Bob Taylor, who owns more than 70 stores in the Hoosier state.