Sitehawk, whose roots date back to 1982 as The Linder Co., has been a leading retail brokerage in Indiana for several years. CBRE had been pursuing Sitehawk on and off for years, real estate sources said.
A local holding company plans to spend $400,000 to refurbish the historic home on North Meridian Street for office space.
After receiving no bids for projects for the southwest corner at 106th Street and Bennett Parkway, the Zionsville Redevelopment Commission has agreed to sell the acreage to Indianapolis-based Scannell Properties.
The seven parcels on Prospect Street, which are available for a total of $1.5 million, could attract the area's next big apartment development.
The congregation of St. John United Church of Christ in Cumberland has held its last service at the historic structure and is moving to temporary space. After a battle with town officials over the fate of the church building, leaders say they likely will demolish it.
Evergreen Investment Corp. bought the four-building Waterplace Park from Indianapolis-based Keystone Realty Group, which purchased the property out of receivership in January 2014.
Minneapolis-based Onward Investors LLC has purchased the 93-year-old building on East Washington Street and is planning a major renovation. The new owner hopes to attract a restaurant to the first floor.
Commercial projects are starting to stake claims on open land along the Zionsville portion of Michigan Road, catching up with the flurry of mostly retail development that’s already occurred along the Carmel portion of the roadway.
The firm behind the Ironworks apartment-and-retail complex at 86th Street and Keystone Avenue now intends to build a five-story, 120-room hotel next door.
The concept from local restaurateur Scott Wise will occupy 6,400 square feet of space on the ground level of the parking garage under construction next to Clowes Hall.
City officials are considering incentives for the two-story project, which would feature a restaurant and brewery on the first floor and office space for lease on the second level.
Four high-profile downtown office towers that recently attracted out-of-state buyers have become embroiled in disputes over their property tax assessments.
The development would be built on land at East 22nd and Delaware streets owned by King Park Development Corp. and would feature 47 market-rate units and 9,000 square feet of retail.
Five of the six buildings that Indianapolis Public Schools put on the block last month have attracted offers, with bidders appearing to lean toward renovating several as apartments.
One of the city's largest and oldest office parks has been sold. Castleton Park, a 120-acre property containing 31 office buildings, was acquired by New York-based Group RMC, a real estate management company.
New Jersey-based Fairbridge Properties bought the 12-story downtown office building from Ambrose Property Group, which purchased it out of receivership and invested $8 million in renovations.
If true, the move could signal that Indianapolis-based Simon Property Group no longer is interested in acquiring the rival shopping-mall owner.
A big chunk of the former General Motors stamping plant site near downtown will go back on the market July 1 now that the city’s plans to build a criminal justice center there have fallen through.
The Great Recession put the $1 billion Duke Realty Corp. project years behind schedule, but progress picked up again in 2011 and 2012. A tipping point for momentum was the long-anticipated Meijer store’s opening in 2014.
Developer Steve Pittman spent two years securing a specialty grocery as an anchor tenant after presenting the $90 million mixed-use project dubbed “The Farm” to Zionsville officials.
