Developer donates 50 acres near airport for preservation
Holladay Properties says it's donating the land valued at about $4.3 million to the Central Indiana Land Trust.
Commercial Real Estate
Articles
Carmel upstart fights nursing home moratorium
Nursing home companies went on a building spree in Indiana, and now most of them want the Legislature’s help reining in high operating costs brought by over-capacity.
Cassidy Turley offers upbeat outlook on local real estate
The city’s largest real estate brokerage predicts that 2014 will mark the first year the economy feels like it’s actually recovering, as all sectors of the commercial real estate market continue to improve.
Upstart developer battles nursing home establishment
Mainstreet Property Group CEO Zeke Turner, the son of Republican state Rep. Eric Turner, is fighting a bill that would halt construction of nursing homes in Indiana.
Aldi gets go-ahead to build store in Greenwood
Aldi has purchased the land on Indiana 135 where a Pizza King restaurant and Dannemiller True Value store sit. The company will tear down the buildings to accommodate the new grocery.
Two of three Pyramids buildings to open following main break
Water issues have caused numerous problems for businesses around the city in the wake of this week's winter storm.
North-side office buildings sell for $25 million
Cincinnati-based Neyer Properties has made its first foray into the Indianapolis market by purchasing two buildings near Keystone at the Crossing. A $2 million renovation is in the works.
Local attorney, developer Page files bankruptcy
Paul J. Page was one of four principals of troubled Indianapolis-based condo firm Page Development, which spearheaded the Villagio at Page Pointe project at the south edge of downtown.
Greenwood firm buys building near Lucas Oil Stadium
The Alderson Commercial Group of Greenwood bought the building at 425 W. South St. late last year and plans to move into it in April. It last housed the Super Bowl Host Committee.
Simon amends plan for CEO’s controversial $154M bonus
Simon Property Group has tied CEO David Simon’s $154 million retention bonus to the financial performance of the company, but plaintiffs in a related legal action are not satisfied.
Circle Centre nears deals for Burger Palace, Yard House, LA Fitness
Three prominent restaurant chains, including one developed by Bobby Flay, and a health club franchise are eying the vacant space formerly occupied by Nordstrom in Circle Centre.
Century-old Mass Ave landmark changes hands
The Marott Center was built in 1906 as one of the first multi-level department stores in Indiana and is listed on the National Register of Historic Places.
Whole Foods-anchored project causes stir in Broad Ripple
A local developer’s plan to build a $25 million mixed-use project in Broad Ripple anchored by a Whole Foods grocery met fierce resistance from neighborhood residents opposed to its size.
Group plans $2.8B mall buy from firm with heavy Simon ownership
Carrefour SA joined a group of institutional investors to buy 127 European shopping malls in a $2.75 billion deal with Klepierre SA, which is 29-percent owned by Simon Property Group.
Owners of Regions Tower putting building on the market
Office brokers say the 662,000-square-foot-building, downtown’s third largest, could fetch more than $60 million, or about $100 a square foot.
Simon plans for spinoff get warm reception from Wall Street
After recently stalling on the stock market, shares of Simon Property Group perked up in trading Friday after the massive local firm announced plans to spin off nearly 100 retail centers into a new firm. Analysts approved of the move.
Indy-based Simon spinoff will include 13 Indiana centers
The locally based retail giant confirmed Friday morning that its new spinoff will be headquartered in Indianapolis. Several of Simon’s properties in the area will be among the new portfolio, including Clay Terrace in Carmel.
Simon to spin off smaller properties into new public company
The as-yet-unnamed new company will have a separate management team. The company initially will own 54 strip centers and 44 malls.
Commercial blitz may follow Westfield’s housing boom
Poised for a development boom in those heady days before the real estate market collapsed, Westfield appears back on track for growth. Residential activity never stopped, but builders are picking up the pace in response to increasing demand. If history holds true, a commercial construction blitz will come next.
Activity at AmeriPlex gaining steam
The west-side industrial park, one of the city’s largest, is experiencing robust construction activity that includes more than just distribution centers.