Lender seeking to foreclose on Nora shopping center
A bank claims the owner of Nora Corners, which is anchored by a Marsh supermarket, has defaulted on an $8.4 million loan.
Commercial Real Estate
Articles
State mulls sale of downtown Harrison Building
The Indiana Public Retirement System plans to move out of the Harrison Building at 143 W. Market St. and is considering whether to sell the building, which has been under the agency’s ownership since 1982.
Tenacity helped seal David Simon’s latest mega-deal
Just five days after Simon Property Group spun off its strip centers and smaller malls into Washington Prime Group, executives began plotting a multibillion-dollar acquisition.
Sixteen firms promise Indiana expansions, 2,100-plus jobs
Nine of the 16 firms who announced their plans with state officials Thursday expect to boost operations and employment in the Indianapolis area, forecasting 933 jobs.
Bus route could boost south-side development opportunities
Leaders on the city’s south side hope a proposal for a rapid-transit all-electric bus route will help spur development along a key corridor that could use more curb appeal.
UPDATE: City picks Paris-based group to build justice center
WMB Heartland Justice Partners, which beat out two other finalists, will require the city to pay $46.8 million a year, $3.2 million less than the ceiling the city set.
Hamilton County seeks an out to avoid referendum for renovation
Hamilton County leaders are asking state legislators for relief from a 2008 law that requires all capital projects costing more than $12 million be put to a vote.
Flaherty & Collins plans Kokomo apartments aimed at commuters
The Indianapolis-based developer has attracted city and state subsidies to build an upscale apartment development in Kokomo that will cost more than $20 million.
Live Nation reaches agreement to buy Old National Centre
The entertainment promoter, which already manages the historic building and performance venue by Mass Ave, has a pending deal to buy it from the Murat Temple Association.
Q&A: Cummins CEO says firm scoped 10 sites for unit HQ
Officials of the Columbus, Indiana-based company even toured the old GM stamping plant before selecting the former Market Square Arena site.
Simon headquarters repairs spur blame game
Simon Property Group Inc.’s downtown headquarters is showing signs of structural damage, and building contractor Duke Construction Limited Partnership blames the problems on design flaws by CSO Architects Inc.
Third-quarter commercial real estate statistics for Indianapolis
Check out the details of office and industrial markets.
City, Simon strike deal to keep Circle Centre anchor
Under terms of the deal, Carson Pirie Scott will save $300,000 annually through the next three years under a rent reduction at the downtown store.
Cummins debuts design for 10-story downtown tower
Officials for the Columbus-based engine maker are planning a $30 million development, including 164,000 square feet of office space, a conference center, parking garage and lots of public greenspace.
OneAmerica bringing 10-story workspace into new century
The life insurer is renovating 10 of the floors it occupies in its namesake building downtown and is removing the outdated and constrictive cubicles for a more modern, open floor plan.
Kroger plans new store on southeast side
A nearly 100,000-square-foot Kroger grocery store is set to anchor a major development in an area on the southeast side that’s been void of much commercial activity.
Car dealers lay claim to State Road 37 corridor
When Terry Lee Hyundai opens in Noblesville next spring, it will become the 10th new-car dealership operating on a six-mile stretch of State Road 37 in Hamilton County—and development isn’t done.
Three village hubs marked for investment
Great Places 2020 targets intersections that can anchor city’s next walkable villages.
Price tag for Walmart e-commerce center to hit $102M
The retailer has finalized a contract for state incentives on the 1.1 million-square-foot project, pledging to hire 303 workers by the end of 2015.
Developer restoring vacant downtown office building
A local developer has purchased a vacant 12-story office building east of Monument Circle downtown and is embarking on $7 million renovation to return the property to its former prominence.