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.
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.
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.
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.
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.
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.
Traci Kapsalis, 39, vice president of leasing and development at Duke Realty Corp., manages a portfolio of 3 million square feet.
Indianapolis-based Duke announced the massive sale Wednesday at the same time it released a quarterly financial report that mostly met analyst expectations
Adlai Chester, 34, chief financial officer of Mainstreet, juggles finances for more than $1 billion in post-acute health care properties.
Both markets posted strong results as demand for space improved following the recession. Downtown office demand remained weak, however.
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.
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.
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.
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.
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.
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.
Jack DeBoer, a Kansas-based businessman known as the creator of the extended-stay hotel, is bringing his hotel/apartment hybrid to Indianapolis.
The restoration of the 94-year-old Pantheon Theatre, where Vincennes native Red Skelton first performed, will begin with installation of a new roof.
