Harding Dahm drops Grubb & Ellis, strikes merger deal
Harding Dahm & Co., which ranked sixth on IBJ’s most recent list of commercial brokerages, will become Lee & Associates Indianapolis. Terms of the deal were not disclosed.
Real estate deals
Articles
Church with rich history sues to shed ‘historic’ label
The designation scotched a deal with CVS that would have funded construction of a new church at another location.
Canadian company buying 12 Crystal Flash stores
Alimentation Couche-Tard Inc. said on Friday that it expects to complete the acquisition of a dozen Indianapolis stores this month. Couche-Tard is the largest independent convenience store operator in North America.
E-mail marketer ExactTarget taking more downtown space
The company has inked a deal to take the entire seventh floor of the Century Building at 36 S. Pennsylvania St., and may take additional space on two other floors.
Estridge drops Westfield sports complex, still plans stadium
The Estridge Cos. has withdrawn a proposal to build a massive youth sports complex in its master-planned Symphony development in Westfield.
Property at busy crossroads finally attracts buyer
Environmental and zoning issues had made the property at the southwest corner of Keystone Avenue and Kessler Boulevard difficult
to sell.
Metropolis mall purchased by Israel firms
Aviv Arlon Global Ltd. pays $52 million for shopping center, which was in court-appointed receivership. Former real estate firm Premier
Properties USA Inc. developed Metropolis, with an investment of $160 million.
Reverie Estate buys another downtown Indianapolis apartment building
The prolific developer of urban apartments plans to turn the building into an affordable artists’ community.
Girl Scouts selling Zionsville tract, three others
The decision by Girl Scouts to divest the camps follows a consolidation among Girl Scouts councils nationwide in 2007 that
left the local council with a much bigger service area and more real estate.
Holiday Inn to hit auction block with $1M opening bid
A Holiday Inn hotel along Interstate 69 just north of 96th Street in Fishers is scheduled to hit the auction block next month
with a suggested opening bid of $1 million.
Charter school moving to former Children’s Guardian Home
City leaders will officially announce Wednesday morning that Irvington Preparatory School will occupy the children's home,
which closed in June of last year. The school has signed a 15-year lease with the city.
Conservancy group looks to buy Girl Scouts camp
Red-tail Conservancy director Barry Banks says the group hopes to raise the full $150,000 as soon as possible to buy the 47-acre
Camp Munsee.
Deadline approaches for Richelieu offers
John Jacobs and a Cleveland-based partner have put a Friday deadline on offers for the 62-unit Richelieu apartments, a two-building
property at the intersection of North and East streets and Mass Ave.
Appraisers have little to go on in tough deal market
Until the market stabilizes, appraisers will be operating in an environment where 20 to 50 percent drops in property values
aren’t uncommon.
Greenwood mobile home park sold to Illinois firm
Indy Mobile purchases 527-lot Friendly Village through a court-appointed receiver.
Fort Ben home, condos fail to sell at auction
Auction turns up no buyers for the former home of the commanding general at Fort Benjamin Harrison and four condominiums at
the old Army base.
Duke Realty buying out joint venture partner for $298M
Duke Realty Corp. plans to buy out its partner in a joint venture that owns 106 industrial buildings in the Midwest and Southeast,
the Indianapolis-based company announced Wednesday.
Circle Centre sues restaurant Bella Vita over unpaid rent
Italian restaurant that took over high-profile mall space in January is being sued by the landlord for $96,523.23.
Proposed development near Lilly campus could include hotel
Indianapolis developer Buckingham Cos. is in discussions to build a mixed-use development that could include apartments, shops,
office space, and a hotel and conference center.
Fort Ben home, condos headed to auction
The former home of the commanding general at Fort Benjamin Harrison and four condominiums at the old army base are being auctioned June 17, a reflection of the difficulty of selling high-end condos in a soft real estate market.