Landmark Indiana gym faces talk of possible closure
Muncie school board members are considering closing the 6,000-seat Muncie Fieldhouse to save money. The gymnasium turns 85 in December.
Muncie school board members are considering closing the 6,000-seat Muncie Fieldhouse to save money. The gymnasium turns 85 in December.
Two four-story structures, at the southwest and northwest corners of 30th and Clifton streets, will be built as part of a $10.7 million project that will include 57 units linked by an elevated walkway.
August sales reflect contracts signed in June and July, when mortgage rates were rising steadily. A Realtors group cautioned that buyer traffic dropped off significantly in August. That points to fewer sales in the fall.
A federal judge rejected the shareholder’s motion claiming that the offering would enable CEO Sardar Biglari to unfairly increase his ownership in the company. Biglari Holdings is the parent of Indianapolis-based Steak n Shake.
The additions joining Michael Drew, who had been the office’s loan investment and multifamily broker, are team leader Michael H. Wernke, in addition to Cory Detamore, Evan Bryant and Maria Stein.
A former east-side shopping mall will soon be covered in solar panels, possibly the most transformative of property owner Alex Carroll’s various redevelopment efforts.
City officials are quietly trying to orchestrate what would be a major coup: Landing Cummins as an office anchor for a second phase of redevelopment on the former home of Market Square Arena.
The local developer is seeking city approval for 57 units as part of a mixed-use project that calls for 3,100 square feet of retail space on property south of its Mozzo Apartments.
Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates and the local industrial market.
The vacant 49-acre Sherman Park business complex might finally be redeveloped now that the owner has exited bankruptcy and demolition has started on its main building.
The downtown rental market is booming, but is a slowdown coming?
Single-family-building permit filings in the nine-county area saw their 14th straight month of year-over-year increases in August, the Builders Association of Greater Indianapolis announced Wednesday.
The 24,400-square-foot building was owned by CFS Inc., a Carmel company accused by the Indiana Secretary of State’s securities division of misappropriating the funds of elderly clients who bought ownership interests in rental properties.
Holiday shopping is likely to be hurt by the lackluster economy. In addition, there’s a shorter shopping window between Black Friday and Christmas. Last year, there were 32 days during the period and this year there are 25.
Frullati Cafe & Bakery, operated by Scottsdale, Ariz.-based Kahala Corp., owes the mall at least $23,439 in back rent, according to a lawsuit filed Sept. 10 by landlord Simon Property Group Inc. in Marion Superior Court.
The 3-percent bump last month was cause for relief after pending agreements in July broke a two-year streak of gains.
Indianapolis Business Journal gathered leaders in the state's commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 13. The following is an unedited transcript of the discussion.
Newegg.com is considering a $15 million distribution center in Indianapolis that would employ 150 people by the end of 2015.
Shopping mall owners like Simon Property Group, the best-performing U.S. property stocks for four years, have tumbled to the worst as sluggish retail sales and limited opportunities to expand drive investors to look elsewhere for earnings growth.
Common Council members this month approved changes in the city’s land-use law that will allow residential developers within a half-mile of public parks to set aside less property as open space—for a price.