PNC Center pitching backside as restaurant site
Retail brokers say the location, at Illinois and Maryland streets in the heart of downtown’s dining district, is sure to generate plenty of interest.
Real estate deals
Articles
Hampton Inn slated for Keystone at the Crossing
Construction on the 125-room hotel, part of PK Partners’ $80 million mixed-use development, should start later this year with an opening in 2016.
Fishers to buy $3.1M building for co-working program expansion
The city of Fishers is proposing to purchase a new building for its entrepreneurial co-working space that would triple the size of the facility.
‘Spite strip’ sidelines prime 13-acre parcel
A tract of land for sale at the northeast corner of Interstate 465 and Keystone Avenue has languished on the market for nearly four years despite its high visibility in one of the glitziest parts of the city.
Owners take advantage of hot office market to flip commercial buildings
Real estate investors are cashing in on the local office market quicker than expected as properties change hands at prices not seen since before the recession.
Cumberland mounts last-ditch effort to save church
Town officials have contacted more than 50 developers to gauge their interest in saving the century-old building, which is in danger of being demolished to make way for a service station.
Developer buys former Double 8 grocery in SoBro
An affiliate of PK Partners purchased the property at the southeast corner of 46th Street and College Avenue that for decades housed a Double 8 Foods store and is searching for a restaurant or retail tenant.
Denison, Browning snap up Hendricks County parcels
Denison Partners has agreed to buy a one-acre parcel near the southwest corner of Interstate 70 and State Road 267, and Browning plans to buy 11.7 acres near the southwest corner of Washington Street and Ronald Reagan Parkway, an airport spokesperson said.
David Simon tightens screws in quest for biggest deal yet
Analysts say Simon has reason to covet Macerich, whose 40 best malls have lofty sales per square foot of $618.
East 16th area poised for more redevelopment
Three vacant structures at an intersection just north of East 16th Street have been purchased by two developers planning a mix of office and retail for the struggling area.
Macerich, Simon shares rise on talk of acquisition
Macerich Co. shares had their biggest increase in three months Thursday morning after the Wall Street Journal reported that Simon Property Group Inc., the largest U.S. mall owner, has made approaches to buy the company.
Cumberland ups ante in fight to save historic church
The town is appealing a decision that helps pave the way for a convenience store to be built where a historic church now sits and has hired a top real estate attorney to argue its case.
Wisconsin firm buys downtown Century Building for $13.8M
Hendricks Commercial Properties, which developed the Ironworks mixed-use project at Keystone at the Crossing, purchased the downtown office building from Zeller Realty.
Simon forming $1.8B joint venture with retailer Hudson’s Bay
Simon, the biggest U.S. mall owner, will contribute $278.5 million and have a stake of 20 percent in the joint venture with Canada’s oldest company.
Northwest-side office building sells for $14.3M
The 180,637-square-foot building, known as College Park Plaza, was built in 1998 and houses the headquarters of publicly traded Republic Airways Holdings Inc.
Cumberland church closer to demolition after city hearing
Plans to build a gas station and convenience store on the site of the historic church received a positive recommendation Thursday, moving the matter to the Metropolitan Development Commission next month.
Vacant downtown building targeted for restaurant
Locally based Zink Architecture & Development is buying the vacant building near the intersection of College and Massachusetts avenues and plans to renovate it for restaurant use.
City seeking redevelopment ideas for IRT building
Built in 1927, the city-owned landmark has served as the Indiana Repertory Theatre’s home for 35 years. The city and the not-for-profit are working on a lease renewal.
Largest Domino’s franchisee buying nearly 40 area stores
A franchisee that started with three Domino's stores in South Mississippi 34 years ago is buying 45 stores in Indiana from Bob Taylor, who owns more than 70 stores in the Hoosier state.
High-profile parcel along North Meridian corridor hits market
The last five acres of a seven-acre site where Tutwiler Automotive long operated is for sale with an asking price of $1 million per acre.