Summit lands bank tower management contract
Summit Realty Group assumed management of the 28-story M&I Plaza on May 14, replacing CBRE.
Office Complexes
Articles
For-profit university eyes College Park office space
South Dakota-based National American University wants to turn 35,000 square feet on the second floor of a building in the College Park office complex into its latest campus.
Veteran broker Hohmann leaves Cassidy Turley to go solo
Hohmann has been involved in numerous high-profile real estate deals over the years, including the transaction that resulted in development of Intech Park and assembling about 60 acres for Clay Terrace in Carmel.
Downtown building owner faults IPL for outages
The owner of Market Square Center is complaining to state utility regulators that Indianapolis Power & Light has failed to provide reliable service to the office building, better known as the Gold Building, at 151 N. Delaware St.
Suburban office market turns in strong first quarter
Net absorption was the highest in five years, chipping away at what has been a chronically high vacancy rate.
Foreclosure sought for downtown’s Century Building
The lender claims owner Blue Real Estate defaulted on an $8.5 million loan on the historic building after failing to make payments beginning in July 2011.
Carmel office/retail complex hurt by road project gets second chance
Merchants Pointe, a two-building office/retail development at 116th Street and Keystone Parkway, is getting a fresh start after major road construction drove away tenants and caused a previous owner to default.
Giant Super Bowl ads set to adorn downtown buildings
Downtown building owners are looking to cash in on the upcoming Super Bowl by selling space for massive temporary advertisements.
Broad Ripple buildings slated for office conversion
Kyle Robinson and Drew Loftus are in the process of buying and rezoning a trio of vacant, connected buildings at 6334 Westfield Blvd., where the Monon Trail crosses the canal.
Duke Realty’s massive office sale wins praise on Wall Street
Investors have bid up shares of Duke Realty 13 percent since the company announced it was selling a huge portfolio of office buildings for $1.1 billion.
Buyers edging back into Indianapolis commercial real estate
Most buyers are bottom-fishers, investors looking for better returns or companies wanting their own building.
Duke Realty selling 82 office buildings for $1.1B
The sale includes buildings with a combined 10.1 million square feet of space in Atlanta, Chicago, Columbus, Dallas, Minneapolis, Orlando and Tampa. None of the properties are in Indiana.
Agency urges complete overhaul of Pan Am Plaza garage
Indianapolis’ Department of Code Enforcement made the recommendation Friday afternoon after citing safety concerns posed by possible structural deficiencies.
Lottery says it overspent on amenities for new office
Indiana lottery officials say they overspent on their new headquarters and will sell some of their equipment after reports raised questions about the lavish facility.
California firm’s Park 100 portfolio goes back to lender
California-based Blue Real Estate lost the last big chunk of its Indianapolis portfolio last week when a lender took control of Blue’s 360,000-square-foot, seven-building portfolio in Park 100.
Report holds next steps for Pan Am Plaza garage
Part of the Pan Am Plaza parking garage has reopened after being closed for several hours for emergency repairs late last week, but a report will reveal whether more extensive work is needed to restore the garage to a structurally sound state.
City closes downtown plaza after parking deemed unsafe
The city of Indianapolis has closed Pan Am Plaza and part of a parking garage below it near the Indiana Convention Center and Lucas Oil Stadium because the structural integrity of the parking facility poses a safety risk.
Owner of East Market Street buildings eyes apartment conversion
Crown Property Group is issuing a request for proposals for two East Market Street buildings that now are used for office space.
Tax bills spur eBay listing for Anderson office buildings
Two investors stung by soaring property taxes have listed three Anderson office buildings on eBay in hopes of drumming up interest in the $4.5 million package deal.
Local architecture firm moving HQ to former church
The architecture firm A2SO4 plans to spend about $1 million to renovate a long-vacant former Catholic church near the Lockerbie neighborhood as its new headquarters.