Napleton Auto Group says it’s still weighing its options for relocating one of its local Kia dealerships after dropping a contract to buy the former appliance chain headquarters and retail site.
The Chicago-based auto group that entered the Indianapolis market with a big splash in 2017 has requested a zoning change for the mammoth HHGregg property that would include car sales and repair.
The acquisition of Commerce Park’s amalgamation of office buildings marks the second significant purchase in the Indianapolis area for Ziff Properties.
The local developers of The Ardmore see the apartment-and-retail development as a bookend to the massive Bottleworks project on the other end of Mass Ave.
Carmel filed a lawsuit in August to take control of PNC’s North Range Line Road property, but the bank agreed in an out-of-court deal to sell the land for $2.5 million.
The lawsuit centers on Jim Dora’s alleged actions shortly before and after his father’s death in June 2016, with an entity, Airport Inn Developers, that owned and operated the Crowne Plaza Hotel near the Indianapolis Airport.
Emma Capital Investments Inc., which entered the Indianapolis market earlier this year, has acquired apartment complexes on the city’s north and northeast sides totaling 496 units.
The two properties straddling the Castleton and Lake Clearwater areas recently received slick updates from their previous owner.
A senior housing community east of the St. Vincent Hospital campus is expected to undergo a major expansion over the next year that will add several dozen independent-living residences.
DMC Insurance, founded by three former executives from local insurer Baldwin & Lyons, has acquired a prominent office building along Interstate 69 in Fishers and plans to ramp up employment.
Columbus-based Savory Swine and Indianapolis’ Cannon Ball Brewing Co. are collaborating on a plan to occupy the century-old downtown building that formerly housed 501 Tavern.
The Chicago-based real estate firm intends to use the same strategy with Capital Center that it employed in refreshing Market Tower.
Loftus Robinson plans to transform the 16-story tower into a 130-room Kimpton-brand hotel. But it says it has hit a snag with moving Centier Bank from the ground floor.
The town of Speedway said it will use the 40,000-square-foot building to centralize some of its existing offices, which are spread across several nearby buildings.
Flanner Buchanan, an Indianapolis-based company with more than a dozen funeral home locations in central Indiana, recently acquired the 32,000-square-foot building near the Riverside area.
The family-owned business says it wants to focus its efforts on its main location, a 10-acre growing facility and retail store on the city’s west side.
Amazon is approaching its end-of-year deadline for deciding where it will locate the $5 billion campus, and two national newspapers reported over the weekend that an area in northern Virginia is far along in negotiations.
The new owner of the site is bullish enough on the Indianapolis market to start development of the 1 million-square-foot building without having a user signed for the space.
A Carmel-based church plans to close on its $1.8 million purchase of the building near Interstate 465 and Michigan Road on November 5.
A Quincy, Illinois-based company has acquired a warehouse on the east side of Indianapolis and plans to transform it into an 81,000-square-foot recycling facility.
