DTZ switch to Cushman sows market confusion
Rival brokerage Summit Realty Group has been using the Cushman name through its participation in the Cushman alliance. But it has agreed to terminate that affiliation.
Rival brokerage Summit Realty Group has been using the Cushman name through its participation in the Cushman alliance. But it has agreed to terminate that affiliation.
A growing economy, low interest rates, available capital and pent-up demand are some of the reasons real estate developer Lauth Group Inc. cites for its growth.
I worked for Bob Lauth and found him to be tough, fair, driven and extraordinarily street-smart [Maurer column, July 21].
The local developer’s purchase of the complex is part of a shift within the company to complement its traditional development business with acquired properties.
The three buildings near I-465 and North Meridian Street that make up Meridian Corporate Plaza were lost by Lauth Investment Properties LLC in its bankruptcy reorganization.
The departure of trucking and auto fleet insurer Baldwin & Lyons Inc. from downtown's Landmark Center to The Congressional in Carmel is a blow for the central business district and a bonanza for Lauth Property Group.
The local developer moved its offices into the building and plans more than $2 million in upgrades to reposition a property that fell on hard times at the dawn of the national real estate crisis.
Ambrose Property Group broke ground last month on a 13,000-square-foot building at Intech Park that will house about 75 Social Security Administration employees.
Lauth Investment Properties, which holds the remains of the real estate empire of Lauth Group, has emerged from Chapter 11 bankruptcy, with about $25 million and a portfolio of properties valued at $35 million.
The deal with financial backer Inland American Real Estate Trust would leave Lauth Group with fewer properties but a more manageable debt load.
The once-mighty Indianapolis-based developer laid low by the credit crisis has reached a deal to retain control of most of its properties.
Lauth Group Inc. will relocate its headquarters to a North Meridian Street office building as part of a bankruptcy court settlement,
the company announced Thursday afternoon.
Financially troubled developer Lauth Group Inc. is looking for new office space after the company’s largest investor took
control of the building it now calls home.
Affiliates of Lauth’s largest financial backer, Inland American Real Estate Trust in Chicago, agree to dismiss their suit
against
the Indianapolis-based
developer, and also withdraw a request to have a Chapter 11 trustee appointed.
The commercial real estate slump is prompting several Indianapolis brokerages to add property-management services to their
portfolios or bolster existing ones.
The largest creditor for Lauth Group Inc. has asked a bankruptcy judge to appoint a trustee after evidence in a related case
suggested Lauth insiders may have backdated documents to thwart creditors.
The outlook for commercial real estate development continued to worsen in 2009, as one major name faltered and other companies
scrambled to redesign their business models and capitalize on the carnage.
Lauth Group Inc. in recent weeks has won critical courtroom victories that likely will allow company principals
to retain control of three subsidiaries in Chapter 11 bankruptcy.
Since key Lauth Group subsidiaries landed in bankruptcy in May, the company has described its misfortune almost as if it
were an act of God.
Developer Lauth Group Inc. is sparing no expense on attorneys in the Chapter 11 reorganization of key subsidiaries. The company has hired two of the nation’s most prominent bankruptcy and restructuring specialists to handle the cases, and the bill for the first month easily will exceed $1 million.