This year’s rise in borrowing costs has made commercial real estate one of the hardest-hit areas of the economy. Property sales, especially for office buildings, have slowed to a trickle, giving landlords and lenders few markers to determine the value of certain assets.
The Indianapolis Department of Metropolitan Development has started soliciting ideas for what could be done with the site of the former John Marshall High School, which it purchased from Indianapolis Public Schools for $725,000 last month.
The owners of Willows Event Center on Spirit Lake are reviving efforts to redevelop the site with apartments and townhouses, almost a year after withdrawing their proposal amid pushback from neighbors.
The district plans to give preference to not-for-profits or government agencies before selling to other buyers.
The White House also announced that it was forming an inter-agency task force to develop ways to fund efforts to convert more commercial buildings to residential housing, especially zero emissions and affordable units.
The residential project stemmed from a desire to meet the needs of families in a new way, according to Englewood Community Development Corp. Executive Director Joe Bowling.
A franchise operator for Taco Bell Cantina, known for serving beer, wine, sangria, Baha Blast margaritas and Twisted Freezes spiked with rum, tequila or vodka, has signed a lease for a prominent downtown location.
U.S. offices face higher stress than other real estate sectors because of weak demand as remote work gains widespread acceptance.
The Department of Metropolitan Development plans to convert the eight-story, 95-year-old building on North Meridian Street into affordable housing units.
The project proposed by Carmel-based REI Real Estate Services calls for 11 two- and three-story apartment buildings along North Michigan Road.
The Westfield Police Department is basing the eventual size of the facility on the number of officers it expects to add and the city’s projected population by 2050.
Chilly Water is targeting a late-August opening in a 1,200-square-foot space that adds a Johnson County location to two existing spots in Indianapolis..
Heath Outdoor is billing their new-look campus, which includes Digs Garden Center, as The Yard at North Mass.
In 2021, the owners moved the business to the former Pioneer building at 1110 Shelby St., a much larger space that would allow the business to expand its food and drink menu.
Built primarily on what is now agricultural land, the 1.9 million-square-foot project is expected to encompass 170 acres and consist of five buildings, ranging from 100,000 square feet to nearly 575,000 square feet.
An Ohio-based firm plans to seek tax credits in its effort to develop dozens of apartments and townhouses on a seven-acre tract of land on the western edge of the Central State Hospital campus in Indianapolis.
Known as the Stutz Business and Art Center from the 1990s until real estate developer Turner Woodard sold his majority stake in 2021, the complex is entering a new era by offering dining, shopping and personal fitness.
The company formerly known as Conseco plans to relocate in Carmel after leaving the corporate campus it has called home for nearly 35 years.
The project is set to occupy the 20-acre Diamond Chain manufacturing site along Kentucky Avenue, just blocks from Lucas Oil Stadium, with some portions—including the stadium—set to be completed by summer 2025.
A former Bed Bath & Beyond location will become home to RH and DSW, two retailers familiar to shoppers along the north-side corridor.
