Skjodt plotting $25 million sports complex
Paul Skjodt, owner of the now-dormant Indiana Ice hockey team, has secured an option on 92 acres in a busy northwest-side corridor for a $25 million multi-use sports complex.
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Manager of Cultural Trail plans HQ project
The not-for-profit that oversees the Indianapolis Cultural Trail and the Indiana Pacers Bikeshare program plans to shed its training wheels and renovate a former service station along the trail as its headquarters.
Volatile apartment sector reduces U.S. home building
Apartment construction has surged 19.2 percent in the past 12 months. Meanwhile, single-family starts have risen just 4.2 percent. The shift among builders to increased apartment building is a sign that a rising share of Americans will be renters, rather than homeowners.
Wal-Mart targeted by lawsuit for local PCB discovery
The complaint stems from the discovery of the carcinogen at a Wal-Mart return center on the east side of Indianapolis. The suit seeks class-action status on behalf of its 600 workers.
Examiner appointed in HDG Mansur bankruptcy case
An examiner will be appointed to conduct an investigation into the bankruptcies of two affiliates of troubled Indianapolis-based developer HDG Mansur. A judge, for the time being, denied a request to appoint a Chapter 11 trustee or convert the case to a liquidation in Chapter 7.
Roundup: Downtown brewery on tap; distillery opens; Italian restaurant returns
Round Town Brewing Co. has plans to open downtown, while Hotel Tango Whiskey has begun serving in Fletcher Place. Also, it’s official: Sangiovese Ristorante is moving to Ironworks.
Second-quarter commercial real estate statistics for Indianapolis
Read statistics on Indianapolis area multi-office vacancy rates and the local industrial market.
ROBINSON: Downtown vacancies will plunge soon
Something’s happening in downtown Indianapolis that I’ve never seen in my 25 years as a commercial real estate broker here.
HOHMANN: Whatever happened to the fab 16 Tech?
Strong leadership is needed for the urban Indianapolis tech park to hit its high potential.
New warehouses in Indianapolis area cater to consumers
Several sprawling distribution centers have been built, or are under construction, to ship directly to consumers.
Kohl’s plans surge in holiday hiring nationally, locally
About 2,000 of those hirings will take place in Indiana, including about 900 in the Indianapolis area. Kohl's has 39 stores in Indiana, and 18 in the metro area.<
Purdue set to dedicate new engineering hall
Purdue University on Friday plans to dedicate a new $39 million engineering building the school hopes can help meet the nation's growing demand for engineers.
Area homebuilding permits hit August decline
Permit filings for home construction in central Indiana fell 4 percent in August, the second straight month of declining activity in the homebuilding market.
Sen. Donnelly to move office to renovated Consolidated project
The U.S. senator’s office will join the Home2 Suites by Hilton as tenants of the downtown mixed-use redevelopment on Pennsylvania Street.
Cummins selects firm to design downtown office building
The firm has chosen New York-based Deborah Berke Partners to design its $30 million global distribution headquarters that will be built on part of the site where Market Square Arena once stood.
Simon spinoff plans $4.3B merger with Ohio mall firm
Washington Prime Group Inc. has agreed to buy Glimcher Realty Trust of Columbus, Ohio, in a deal valued at about $4.3 billion when including assumed debt. As part of the transaction, Simon Property Group will acquire two malls for $1.09 billion in cash.
Greenwood eyes more land for development along I-65
Though plans for a $22 million hotel and indoor sports complex seem in jeopardy, the city of Greenwood has other projects in the works along Interstate 65, including a new interchange and possibly an apartment development.
Opus seeks tax breaks on $10.9M building near airport
A tax-abatement request for the project filed with the city last week said the 434,400-square-foot flex industrial building will be built on a speculative basis.
Carmel developer pitching $150M Midtown plan
Carmel-based Old Town Development LLC expects to file plans this week for a $150 million redevelopment project on 11 acres in the suburban community’s blighted Midtown area, between Carmel City Center and the Arts & Design District near the Monon Greenway.
Commercial Real Estate Power Breakfast transcript
Indianapolis Business Journal gathered leaders in the state's commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 13.
Among the topics the panel discussed were the factors driving downtown growth, which types of office space are in demand, the types of projects being built, and how the industrial sector has sustained its strength.