Software firm renovating warehouse south of Broad Ripple
TCC Software Solutions is spending $1.8 million to rehab the vacant building at 1022 E. 52nd St. and hopes to move in by the end of July.
Commercial Real Estate
Articles
Big tenant nearly completes tower’s sudden comeback
On the heels of signing Angie’s List Inc. in downtown’s Landmark Center, new owner Ambrose Property Group has inked a lease for the Christian Church-Disciples of Christ, helping to boost occupancy above 90 percent.
Shadeland Station shopping center bought for $9.5M
New York-based Time Equities Inc. acquired the northeast-side property that is anchored by a Marsh supermarket and 85-percent occupied.
Contractor spending $1.6M to move north of downtown
Construction manager and contractor Messer Construction Co. has purchased two adjoining vacant buildings on North Meridian Street south of Fall Creek Parkway and plans to move there from Shadeland Avenue.
Buckingham rethinking plans for prime Zionsville site
Buckingham Cos. says it is still weighing options for a key property it controls in downtown Zionsville, but two nearby landowners are trying to sell their parcels after talks with the developer broke down.
CEO of Simon spinoff to run company from D.C. perch
Simon Property’s decision to name the new business Washington Prime had fueled speculation the company would end up based in the D.C. area. However, that apparently is not the case.
Angie’s List to take big chunk of Landmark Center
The move into nearly 100,000 square feet of office space is intended to consolidate Angie’s off-campus workers downtown. It’s a boon to struggling Landmark Center, which has been hemorrhaging tenants.
‘Architecturally significant’ Cummins HQ likely won’t scrape downtown skyline
The engine maker’s planned global distribution headquarters downtown will seem modest compared to a 28-story apartment complex slated for across Market Street, but the firm has a strong history of promoting breath-taking architecture.
Simon says court should dismiss CEO pay case
Simon Property Group told a Delaware judge on Tuesday that an investor lawsuit over David Simon’s huge pay package should be thrown out now that the company has rewritten the compensation plan.
Apartment owner jumps into office biz with south-side rehab
Ardizzone Enterprises Inc. in Beech Grove is preparing to open a two-building, 63-suite office complex on U.S. 31 south of Interstate 465. The company has invested $4.2 million in the project.
Simon plucks in-house execs for spinoff firm
Simon Property Group Inc. is reaching into its own stable of executives to stock the C-suite of its publicly traded spinoff for retail strip centers and smaller enclosed malls.
Broadbent in mortgage dispute involving retail center
The owner of Castleton Place, a shopping center in one of the city’s busiest retail areas, is the target of a $5 million foreclosure lawsuit by a lender that seeks to have the property placed in receivership.
Fresh idea: Specialty grocers finally eyeing south side
The south side is beginning to receive at least some attention from grocery players, including specialty ones that are much more prevalent to the north.
As lease expiration nears, Indians continue years of investment in Victory Field
For almost 18 years, the Indianapolis Indians have poured tens of millions of dollars into Victory Field while the city has spent hardly a dime.
City to consider $7.7M bond issue to assist Broad Ripple project
Browning Investments Inc. says that it is seeking $5.7 million from the bond issue to help finance Canal Pointe, its controversial $30 million apartments-and-retail project.
Old county jail up for auction in central Indiana
The tan brick building on the courthouse square in downtown Lebanon was the Boone County Jail from 1938 until 1992.
Council backs city financing plan for $81M tower
The Indianapolis City-County Council voted 18-9 Monday night to provide up to $23 million in city financing for the project, with the stipulation that 30 percent of the workers hired to build the 28-story building live in Marion County.
Home-remodeling firm giving new life to vacant Carmel center
The vacant, 14,500-square-foot property in the heart of the city has been purchased by a local home-remodeling company, which plans to occupy half the building and lease the rest.
Washington Square’s woes leave it at bottom of heap
The east-side mall's occupancy has fallen to 43.8 percent, down from was 86.6 percent in 2011 and 77.2 percent in 2012.
UPDATE: Mayor picks GM site for criminal justice complex
Mayor Greg Ballard will recommend that a proposed criminal justice complex be located on the former GM stamping plant on the western side of downtown—not the airport property that ranked highest in a market study.