Buckingham buys downtown Janus Lofts building
The historic building on South Meridian Street downtown is more than a century old and was redeveloped into apartments in 2003.
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Katz Sapper real estate team lands former IEDC official
Garth Brazelton, former director of the state agency’s operations and business systems, has joined KSM Location Advisors as its chief operating officer.
IBJ building sold to Drury Hotels chain
The 92-year-old building at Washington and Pennsylvania streets was not on the market when the hotel chain approached its owners late last year.
Developer ups pressure on airport to move ahead on project
Saying it was “gravely disappointed,” the company proposing a $500 million medical complex warned Friday morning that it would “explore other options” while airport officials spend more time examining the deal.
Airport delays vote on $500 million medical complex proposal
A vote on a proposal to build a $500 million medical complex at Indianapolis International Airport has been delayed so the board can take another look at the plan. The delay was announced after an IBJ story raised questions about the track record of the executive behind the plan.
Speak Easy eyes new downtown operation
The Speak Easy, a 4-year-old co-working space near Broad Ripple that’s become one of the most popular entrepreneurial hubs in the region, is gearing up to expand downtown.
Three Duke office parks might fetch $500M-plus
Three of the Indianapolis area’s highest-profile office parks, including the two largest in the North Meridian submarket, are expected to fetch as much as half a billion dollars when they hit the market next month.
TWG embarking on $24.4M housing project in Michigan
The city of Lansing has chosen the Indianapolis-based comapny to redevelop the former Michigan School for the Blind into a mix of affordable and senior housing.
Company pitching ‘upscale’ storage facility on downtown lot
A local company wants to build the $8 million, three-level facility on land that once housed part of the Payton Wells Chevrolet dealership.
CEO behind $500M airport proposal has mixed track record
The top executive at an Indianapolis start-up that wants to build a $500 million medical complex at the Indianapolis International Airport launched a 200-location Dunkin' Donuts business that went bankrupt in 2009 and he filed for personal bankruptcy in 2013.
Bids to develop IPS Mass Ave site top out at $260M
The proposals for the highly visible, 11-acre site suggest a host of office, retail and housing options, with two calling for a boutique-style hotel.
Tim Hortons targets Indianapolis as part of expansion plan
Coffee and doughnut chain Tim Hortons, a cult favorite in its Canadian homeland, is counting on Indianapolis as it makes a bigger push into the United States.
CEO Dennis May steps down at struggling HHGregg
The Indianapolis-based appliance and electronics retailer, which has seen its sales plummet in recent years, named Chief Financial Officer Robert Riesbeck as interim CEO. May had been with the company since 1999.
Eight buildings change hands in local real estate deal
A commercial real estate package consisting of eight warehouses and 42 acres of land in the Indianapolis area has been acquired in a deal estimated to be worth more than $144 million.
Meijer store among slew of new projects in McCordsville
The population of the town near Geist has grown in the past decade to the point that it's starting to attract big projects, including the Meijer store.
Roundup: High-profile Perkins in Castleton slated for demolition
The restaurant will be razed by landlord Kite Realty Group, which then plans to build a strip center on the property at the busy intersection of Allisonville Road and East 82nd Street.
Kroger to offer anti-overdose drug without prescription
The supermarket chain will make naloxone available in its pharmacies across Ohio and northern Kentucky, a region hard-hit by deadly heroin.
Milhaus touts tech-focused offices, 450 residential units for Mass Ave site
High-profile startup High Alpha is helping Milhaus Development identify potential anchor tenants for the office portion of its proposed 825,000-square-foot project along downtown’s Massachusetts Avenue.
Area home sales slumped in January after strong 2015
Sales of existing homes in central Indiana plunged nearly 10 percent in January as the number of properties on the market tumbled by an even greater percentage.
U.S. retail sales move in opposite direction from stocks
A key question for the economy this year is whether consumer spending can keep growing and offset the impacts of stock market volatility and slowing growth overseas.