Hospital frugality drives health property shake-up
Instead of building new medical office buildings, cost-conscious Indianapolis-area hospital systems have the past few years opted for space in existing buildings.
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‘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.
Justice center bidding process yielded single eligible firm
After running a closed-door procurement in which the three bidders were allowed to shape the city’s final requirements for building the Marion County Justice Center, two proposals came in above the city’s ceiling payment of $50 million for the first full year.
Will manufacturers move back to urban centers?
Effort in Indianapolis will try to entice manufacturers to rethink areas they abandoned.
Simon Property retools growth plan after setback with Macerich
The company missed out on a rare opportunity that would have brought dozens of high-end malls into the fold, but it still has solid growth opportunities without the $23.2 billion deal, analysts say.
Shareholder coup of Steak n Shake parent firm fails
A Minnesota-based investment group that for months has been waging a campaign to oust Sardar Biglari from atop Steak n Shake’s parent company weathered a resounding defeat Thursday afternoon.
Muncie firm to hire 300-plus for new HQ by 2024
A-Son’s Construction Inc. plans to consolidate its operations into an existing structure whose location is under wraps for now.
Downtown’s Punch Burger expanding to Carmel
The first franchise location for Punch Burger will be at 12525 Old Meridian St. in space that formerly housed When Eddie Met Salad. It’s expected to open in July.
Walgreen aims to close about 200 stores nationwide
The store closings amount to about 2 percent of the 8,232 Walgreens drugstores it runs in the United States, Puerto Rico and the U.S. Virgin Islands.
Ambrose seeks offers on downtown building for apartments
Ambrose Property Group wants to test the waters to see if the 130,000-square-foot segment of the 500 N. Meridian office complex might be better suited for the hot residential rental market.
Special review panel advances justice center plan
A special review committee, the Marion County Justice Complex Board, voted 4-1 Wednesday in favor of a 35-year, $1.6 billion deal with WMB Heartland Justice Partners, moving the issue closer to a vote by the full City-County Council.
Supporters say justice center plan shouldn’t be delayed
Several opponents, meanwhile, say the decision should be made by a referendum rather than a vote of the Indianapolis City-County Council, currently scheduled for April 20.
Banquet hall in Fishers sold at sheriff’s sale
The Fishers Banquet & Conference Center was acquired at a sheriff’s sale Wednesday morning for just more than $1 million by an undisclosed buyer.
Sun King plans small brewery, tap room in Fishers
The 6,000-square-foot facility in North by Northeast Shopping Center will not interfere with Sun King’s hopes to open a much larger brewery and event center about a half-mile away. The bigger facility is on hold while legislators debate a bill over brewery production limits.
UPDATE: Senate panel approves repeal of construction wage law
Senate Tax and Fiscal Policy Committee members voted 8-5 Tuesday to support eliminating the boards that establish construction wages for each state or local project.
Developer to tear down former Star headquarters
TWG Development LLC has abandoned plans to save most of the headquarters after deciding that renovating the oddly configured structure would be too difficult.
Indiana ports commissioner quits over common wage law flap
A Republican member of the Indiana Ports Commission says he's resigning in protest of Gov. Mike Pence's support for a GOP-backed effort to repeal the law that sets wages for public construction projects.
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.
Feud over unincorporated Perry Township heats up for Zionsville, Whitestown
In the state’s fastest-growing county, Boone, the two fastest-growing towns both hope to stake a claim to unincorporated Perry Township.
Simon Property plans $2B share buyback over 2 years
The Indianapolis-based landlord will either purchase the shares on the open market or in privately negotiated deals, Simon said.