Indy architectural gems prove genius in details
IBJ surveys 20 of downtown's most distinguished structures and examines the details that set them apart. How many of them can you name on sight?
Commercial Real Estate
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Architectural gems in Indianapolis
These jewels help distinguish some of downtown’s best-dressed buildings.
Mayor drops plan to privatize City-County Building
City rejects proposals from four private-sector real estate teams and signs a 10-year lease extension with the existing building manager.
Construction begins on $16M downtown apartment project
The property at 800 N. Capitol Ave. is receiving a total rehab from two local developers that are retrofitting the building with 111 apartments.
Power producer to build new HQ in Bloomington
Hoosier Energy will invest about $27 million in 83,000-square-foot facility. The city of Bloomington has approved a 10-year tax abatement for the project.
California firm snaps up downtown office towers
Hertz Investment Group has closed on its purchase of the 650,000 square-foot, two-tower Capital Center and its 525-space underground parking garage.
Developer closing in on Ironworks anchor tenant
Hendricks Commercial Properties is set to break ground on the $30 million mixed-use development on the southwest corner of 86th Street and Keystone Avenue on Wednesday.
IEDC deal with Mainstreet put on hold by Pence
Gov. Mike Pence asked the Indiana Economic Development Corp. on Monday to review its decision to grant $345,000 in economic incentives to a company started by a top Republican lawmaker and his son.
Simon taps Pace bonds to fund energy projects
Indianapolis-based Simon Property Group Inc. is among borrowers funding projects from rooftop solar panels to energy-savings systems using so-called Pace financing.
Developer to move HQ to Carmel, create 25 jobs
Fast-growing Mainstreet Property Group will invest $800,000 to lease and equip offices at 14390 Clay Terrace Blvd.
Ice to take over operations at Pan Am skating facility
The Indiana Ice have come to an agreement with owner Kite Realty Group to use the Pan Am Plaza skating facility as a training center and venue for games after renovations this summer. It also will be open to the public for other ice-related activities.
Simon sticks with key terms of CEO’s pay despite shareholder ire
The company made small adjustments to David Simon's package but left in place the element that created the largest controversy—a stock retention bonus valued at $120 million he'll receive if he stays through July 2019.
Tough times didn’t spur spike in poor relief
Heading into the 2008 recession, Center Township sat on $10.5 million in cash, but sky-high unemployment and rising poverty over the next four years failed to drain those funds, and the disconnect persists in several area townships.
As city budget tightens, Center Township trustee has money to burn
IBJ SPECIAL REPORT: Center Township lowered its bank balance in 2012, to $6.7 million, but the biggest checks Trustee Eugene Akers wrote weren’t for emergency needs like food or shelter, the township’s main mission.
Lilly to spend $180M doubling size of Indy plant
The new investment will bring the plant’s total price tag to $320 million as the pharmaceutical giant seeks to increase production of insulin and related products.
Pedcor moving ahead with $13M Central State apartments
The Retreat on Washington would be the developer’s second project at the former psychiatric hospital campus on Indianapolis’ west side.
Whitsett bids to redevelop Star headquarters
One of the city’s most prolific developers of affordable housing hopes to buy the Indianapolis Star headquarters to redevelop the property into apartments or condominiums.
Whole Foods shelves store slated for Fishers
High-end grocery chain Whole Foods Market Inc. wants to triple the number of stores it operates, but the company has bagged plans for a location on 116th Street in Fishers.
Local REITs charge ahead of pack in bull market
Indiana real estate investment trusts are hitting new highs while outpacing the bull market and their peers in the usually hardy and suddenly hot sector.
HealthLease to snare $141.7M in senior properties
A central Indiana REIT that went public in 2012 has agreed to buy 13 senior housing and care facilities in three states, growing its asset value by 50 percent.