Simon Property Group Inc. has approached Santa Monica, California-based Macerich Co. about an acquisition after taking a stake in the company last year, sources say. Macerich, with a market value of $13.3 billion, has a high concentration of West Coast properties.
Leaders of the local office of the DTZ real estate services firm delivered an optimistic message at the firm’s annual State of Real Estate outlook, as the city’s economy drives growth within the real estate market.
IBJ’s Commercial Real Estate Focus sections include statistical snapshots of Indianapolis’ multi-tenant office vacancy rates and the local industrial market.
Young team making a splash parlayed a painting job into projects extending to redeveloping the train station in Fishers.
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.
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.
Hendricks Commercial Properties, which developed the Ironworks mixed-use project at Keystone at the Crossing, purchased the downtown office building from Zeller Realty.
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.
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, 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.
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.
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.
After buying 500 N. Meridian in June, Ambrose Property Group has snagged three major tenants from OneAmerica Tower.
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.
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.
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.
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.
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.
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.
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.
