Developer shelves plan to buy city land, build Meijer
Opus Development Corp.’s proposal for the project north of downtown included buying and bulldozing dozens of historic homes in the Flanner House neighborhood.
Commercial Real Estate
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Kite Realty reports small loss as revenue rises
The Indianapolis-based real estate investment trust saw a healthy revenue increase due largely to more signed leases and gains on the sale of three land parcels.
Meijer might finally be coming to Anson
Construction paperwork indicates the store will be almost 200,000 square feet and employ 100 people.
First-quarter commercial real estate statistics for Indianapolis
Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates and the local industrial market.
Stadium Lofts apartment project nears opening day
The unusual nature of the redevelopment and its location are driving strong leasing activity.
Downtown’s historic Century Building set for sheriff’s sale
The 112-year-old office building will return to the market in a precarious position, as a major tenant plans to depart.
More demand for mall space boosts Simon earnings
The Indianapolis-based owner of retail centers raised its expectations for the fiscal year after reporting solid gains in occupancy, rent revenue and earnings for the first quarter.
Ownership snarl resolved, Illinois Building on block
An affiliate of locally based HDG Mansur has owned the 10-story building at Illinois and Market streets since the 1980s. It’s sat empty for 10 years, thanks in large part to separate ownership of the building and the land—an arrangement once common among downtown buildings.
Duke Realty posts profit on sale of properties
The Indianapolis-based real estate investment trust rang up earnings of $28 million, mostly due to gains from the sale of 18 properties.
Speedway’s Speed Zone redevelopment project in high gear
Some goals have been realized, while others are moving through the pipeline.
Mass Ave business owners split over proposed district tax
Opponents of a proposed tax to pay for improvements throughout the cultural district have accused tax advocates of rigging the proposal to ensure its passage.
Contractor pleads guilty to fraud involving FBI building
An Ohio man has admitted to defrauding more than $225,000 from contractors involved in FBI building projects in Indianapolis and Knoxville, Tenn.
Banks scale back real estate needs as transactions shift online
After zooming higher in the last decade, the number of bank branches in Indiana slipped to 2,056 in 2011, the lowest level since 2006.
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?
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.