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.
Commercial Real Estate
Articles
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.
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.
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.