Challenges mushroom for embattled HDG Mansur chief
After flying so high, HDG Mansur's Harold Garrison had a long way to fall, and he's taken quite a tumble.
Commercial Real Estate
Articles
Investments pick up in Holy Cross neighborhood
Decades-old barriers to development are beginning to fall in Holy Cross, attracting more residential and commercial construction.
Duke Realty reports higher profit, revenue for third quarter
The real estate developer of commercial properties posted increases due to higher occupancy and growth in rents.
Broad Ripple project gets green light from court decision
The developers of the $30 million apartment-and-retail project on the Central Canal are prepared to move forward now that the Indiana Court of Appeals has dismissed a challenge to the development.
LISC aims to turn dormant industrial sites into job-creators
Local Initiatives Support Corp. has unveiled the results of a year-long study to identify the best uses for vacant industrial properties and what areas of the city need the most attention. Topping the list: the East Washington Street corridor.
Meijer drops rezoning request for proposed Glendale store
The retailer had filed plans to rezone nearly an acre along East 56th Street and Keystone Avenue for a 200,000-square-foot store, which neighbors argued would bring too much traffic to the area.
Simon profit dips but outlook improves
Simon Property Group Inc. on Wednesday said its third-quarter profit fell due to recent costs related to refinancing its debt, but that otherwise performance for the quarter was strong.
Lauth planning 900,000-square-foot distribution center in Brownsburg
The local developer hopes to lure a tenant for the massive warehouse in its Eaglepoint Business Park while the project is underway.
New Hilton brand coming to downtown’s Illinois Building
A Canopy by Hilton will occupy the historic building just a block from Monument Circle as part of chain’s launch of the new brand in 11 cities.
Zeller buys downtown’s Market Tower out of foreclosure
The Chicago-based real estate firm bought the 30-story tower in a sheriff’s sale after the owner defaulted on loans totaling $60 million.
Cambria hotel in works near Westfield’s Grand Park
A Cleveland-based development group intends to build a $17 million, 150-room Cambria Suites hotel along 186th Street across from Westfield’s burgeoning youth-sports complex.
Hotel developer planning project near Hamilton Town Center
A hotel developer based in Columbus, Indiana, is working on plans to build a Holiday Inn Express Hotel & Suites near Hamilton Town Center in Noblesville. Could more hotels be coming down the pike?
Developer seeks tax break for downtown hotel project
Developers planning a new Home2 Suites by Hilton in downtown Indianapolis are asking the city for a property-tax break on the project that could save them more than $650,000.
Contractor investing $1.6M to create local HQ near downtown
Messer Construction Co. is rehabbing a pair of buildings on North Meridian Street that it bought earlier this year.
General Hotels buys Columbus Courtyard Marriott
The acquisition by the Indianapolis-based hotelier brings its portfolio of central Indiana properties to 13.
$20M project on tap for Mapleton-Fall Creek area
The planned $20 million senior housing and retail project could help breathe new life into a blighted neighborhood that’s sorely in need of investment.
HDG Mansur owner files Chapter 11 bankruptcy
Harold Garrison filed the reorganization just as a trial was set to begin Monday over a $5.8 million judgment.
Cassidy Turley brokerage to become part of DTZ
With 32 local licensed brokers, Cassidy Turley is the city’s second-largest commercial real estate brokerage, trailing only Summit Realty Group.
Butler selects CBRE to lease retail space
Butler University has retained CBRE to lease 15,000 square feet of retail space that will be built on campus along with a 1,000-space parking garage.
Former Shapiro’s in Carmel sells in $2.1M cash-debt deal
A year after rejecting a pair of offers for the former Shapiro’s Delicatessen on Range Line Road, the Carmel Redevelopment Commission on Wednesday accepted a $2.1 million bid from principal City Center developer Pedcor Investments LLC.