Maker-space movement touches down in Indy
The corner of Brookside Avenue and 10th Street, just off Massachusetts Avenue, could soon be the center of what city planners hope is a model to address industrial blight.
Real Estate
Articles
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.
Historic downtown temple gets reprieve, again
Indianapolis Public Schools has threatened to tear it down to make way for more parking. But now it looks as though it’s giving Indiana Landmarks carte blanche to find a buyer to save the structure.
UPDATE: Real estate veteran Ehret opening office for Avison Young
Bill Ehret, who co-founded the largest commercial real estate brokerage in Indianapolis, has left the company to open a local office for global firm Avison Young Inc.
Deadline passes on deal to sell former Beech Grove hospital
Two Beech Grove officials said a $3.75 million agreement between Franciscan Alliance and Los Angeles-based DealPoint Merrill expired on Tuesday without closing, leaving the future of the mammoth campus in question.
Judge dismisses open door challenge against Westfield
The complaint, which was filed by Republican mayoral challenger Jeff Harpe, argued that Westfield officials violated Indiana’s Open Door Law during the process of approving plans to build an indoor soccer facility at Grand Park sports campus.
Subdivision could replace golf course in Westfield
A new subdivision with 315 homes could displace a golf course in Westfield, but so far city officials and residents aren’t sold on the plan.
Roundup: Downtown bank branch closing; restaurant coming to Piccadilly
The First Financial Bank branch at the northeast corner of Pennsylvania and Washington streets will close in May, while a restaurant from an Irvington couple opens on East 16th Street.
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 investors want more to clinch mall megadeal
Simon’s acquisition offer is only 6.6 percent higher than Macerich’s average price in the previous 20 days. One reason the premium looks miniscule is because Macerich’s stock had already jumped 24 percent since November on takeover speculation fanned by Simon.
Auction set to liquidate Clark Appliance inventory
An auction to liquidate millions of dollars in inventory from now-defunct retailer Clark Appliance has been scheduled for March 28-29, Indianapolis-based Key Auctioneers announced Friday.
Loss of FEMA grants in stadium dispute ripples across state
The Federal Emergency Management Agency announced last week that it had suspended the hazard mitigation grants for Indiana because parts of a Kokomo ballpark are being built in a flood-prone area that is supposed to remain green space.
Pizza joints, brewery rekindle West Clay retail hopes
Beer and pizza—a classic combination and a pairing that might help revive the retail portion of the Village of West Clay in Carmel.
Deluge of downtown projects averts construction dry spell
A spate of large real estate projects in the pipeline for downtown is providing a shot in the arm for a local construction industry still rebounding from the recession.
Analysis: New nursing homes didn’t cause glut
An IBJ analysis of occupancy data from nursing homes built since 2012 and open at least one year found that newer facilities are filling their skilled-nursing beds at a lower rate than established nursing homes statewide.
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.
Former Frisch’s exec denies embezzlement allegations
A former top executive at the Cincinnati company behind dozens of Frisch's Big Boy restaurants is denying that he embezzled $3.3 million as the company alleges.
Gallery owner’s plans to reopen run into roadblock
Curt Churchman needs to find a new home in the Meridian Kessler area for his Fine Estate Art & Rugs and Gallery Two businesses after a city zoning board rejected his request for a zoning variance.
Simon interested in acquiring West Coast mall owner
Simon Property Group Inc. has approached Santa Monica, California-based Macerich Co. about an acquisition after taking a stake in the company last year, sources say. Macerich, with a market value of $13.3 billion, has a high concentration of West Coast properties.
Strong local economy driving real estate sectors
Leaders of the local office of the DTZ real estate services firm delivered an optimistic message at the firm’s annual State of Real Estate outlook, as the city’s economy drives growth within the real estate market.