High-profile parcel along North Meridian corridor hits market
The last five acres of a seven-acre site where Tutwiler Automotive long operated is for sale with an asking price of $1 million per acre.
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Simon posts strong quarterly, annual earnings
Quarterly profit grew to $405 million, as occupancy in Simon Property Group’s retail properties increased to 97.1 percent, a company record for year-end occupancy.
2015 Forty Under 40: Traci Kapsalis
Traci Kapsalis, 39, vice president of leasing and development at Duke Realty Corp., manages a portfolio of 3 million square feet.
Duke Realty sells 62 office buildings for $1.12 billion
Indianapolis-based Duke announced the massive sale Wednesday at the same time it released a quarterly financial report that mostly met analyst expectations
2015 Forty Under 40: Adlai Chester
Adlai Chester, 34, chief financial officer of Mainstreet, juggles finances for more than $1 billion in post-acute health care properties.
Office, industrial markets heated up in 2014
Both markets posted strong results as demand for space improved following the recession. Downtown office demand remained weak, however.
Struggling strip centers reorganizing under bankruptcy
The two centers are owned by Centre Properties and located on the east and west sides of Indianapolis. Meanwhile, in a separate case, a lender is seeking to foreclose on several industrial buildings.
REIT stock prices climb on rebounding economy
Shares of real estate investment trusts Duke, Kite and Simon have all hit 52-week highs this month, with Simon climbing above $200 for the first time since the company went public.
Sprawling industrial complex near Cottage Home attracts buyer
Teagan Development has agreed to buy the 539,000-square-foot building near Mass Ave and the Monon Trail and plans to convert some of the space into restaurant and retail uses.
Meijer tax ruling may reverberate statewide
The Indiana Board of Tax Review ruled in December that the East 96th Street Meijer store—one of the most successful in the state—should have been assessed in 2012 at the equivalent of $30 per square foot, not the $83 per square foot assigned by Marion County.
Metropolis getting name change as part of potential $9M makeover
The new name should coincide with the completion later this year of a major makeover to the west-side mall, which the owner hopes to undertake with financial assistance from Plainfield.
Not-for-profit on east side eyeing expansion
Outreach Inc. wants to construct a 16,000-square-foot building at the intersection of East New York Street and Keystone Avenue to serve the growing number of homeless teens.
Trailblazing hotelier eyes Indy for new lodging concept
Jack DeBoer, a Kansas-based businessman known as the creator of the extended-stay hotel, is bringing his hotel/apartment hybrid to Indianapolis.
Not-for-profit buys endangered Vincennes theater
The restoration of the 94-year-old Pantheon Theatre, where Vincennes native Red Skelton first performed, will begin with installation of a new roof.
Simon launches retail startup competition
"Simon Launch" winners will receive cash, support and the opportunity to snag investments from the company's venture capital arm, which is deploying millions of dollars in startups.
Canadian firm buys Ingram Micro properties for $68.7M
Granite Real Estate Investment Trust has entered Plainfield’s robust logistics and distribution market with a deal to buy two mammoth facilities and a prime plot of land.
Redevelopment of Speedway’s Main Street progressing north
The town’s redevelopment commission has agreed to sell the vacant building that housed Rosner Drugstore and will seek proposals next month to develop land across the street.
Indiana city posts nation’s second biggest construction job gain
The region's construction job surge appears to reflect the busy year many parts of the state had catching up on projects stalled by last winter's heavy snows and bitter cold.
Kite buys Vegas shopping center for $32.5 million
The Indianapolis-based real estate investment trust said the 81,000-square-foot shopping center was fully occupied and would build on its presence in the tourism mecca.
Airport to sell 80 acres for $8M; renews lease with AAR
The Indianapolis Airport Authority has approved a letter of intent to sell 80 acres to a local developer. It also reached a 10-year extension of its lease agreement with aircraft maintenance services company AAR.