City approves $15.7M senior-living center on east side
Mainstreet Property Group LLC plans to build a 100-bed facility at 16th Street and Arlington Avenue on nine acres where Raytheon Technical Services Co. LLC once operated.
Real Estate
Articles
Wal-Mart again attempting to build in Zionsville
Wal-Mart Stores Inc. has filed new plans to build a store along Michigan Road in Zionsville, six years after the town rebuffed its original proposal that drew the ire of local residents and merchants.
Luxury-outlet strategy puts Simon on top of mall industry
Luxury outlet malls—where upscale retailers such as Coach Inc. and Michael Kors Holdings Ltd. hawk discount goods—are now the main source of expansion for the Indianapolis-based real estate investment trust, the country’s largest.
Melvin Simon estate collects $944M from share sale
Simon Property Group Inc. has settled a dispute with the estate of its late founder Melvin Simon, converting his ownership units into common shares and selling them for $944 million.
VON DEYLEN: Stay the path toward revitalized Fountain Square
What most people consider Fountain Square is actually a combination of three neighborhoods: Fountain Square, Fletcher Place and Holy Rosary. In 2005, I started working on my first project in this area, and it has changed the direction of my professional path in just about every way possible.
Second-tier office buildings Indianapolis now top-of-mind for buyers
Class B admirers are benefiting from low prices and lending rates, and turning the buildings into apartment and company headquarters.
Indianapolis set for sweeping zoning overhaul
Code dating to 1969 to be updated to encourage density, sustainability and mass transit.
Second-quarter commercial real estate statistics for Indianapolis
Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates and the local industrial market.
City lands grant to study reuse of old automotive sites
Federal and local funds will be used in the effort to reposition manufacturing sites abandoned by GM, Ford, Chrysler and Navistar.
Basketball legend Robertson target of bank’s lawsuit
Oscar Robertson’s money troubles in Ohio have been well documented lately. But in his hometown of Indianapolis, he’s trying to convince a judge that he’s not responsible for a $203,000 bank loan.
Ambrose jumping into Plainfield industrial market
Fast-growing Ambrose Property Group plans to develop a $12 million warehouse building on a site in Plainfield that it acquired last month from the FDIC.
Indianapolis jeweler shot during home break-in
Indianapolis police say jeweler Gary Thrapp of G. Thrapp Jewelers was in stable but serious condition Sunday after being shot when two people broke into his home.
Investor still pushing for Simon to buy rival despite opposition
Brookfield Asset Management Inc. is keeping a tight grip on its stake in General Growth Properties Inc. in a bet the second-largest U.S. mall owner is better off as an independent company that will jump in value.
MainGate, Lids score Super Bowl merchandise deals
A pair of Indianapolis-based companies recently scored the largest single-event deal in the world of U.S. sports licensing, unseating 24-year incumbent Facilities Merchandising Inc. to win lucrative deals at the 2013 Super Bowl in New Orleans.
Local buyer acquiring Circle Tower for $6M
A fast-growing Indianapolis real estate firm is poised to acquire one of the city’s most iconic and well-located historic buildings.
Area home-sale contracts up again in August
Purchase agreements in the nine-county area totaled 2,151 during the month, a 5-percent increase from August 2011. Year-to-date sales are up 14 percent compared with the same time last year.
Millcraft hoping to fill downtown paper-supply void
Millcraft Paper Co. is set to move from the far east side to downtown Indianapolis on Sept. 24 in hopes of filling a void left a few months ago by the closing of Arvey Paper & Office Products.
Finish Line stock falls after analyst’s downgrade
An analyst downgraded The Finish Line Inc.'s stock on Wednesday, saying that the Indianapolis-based sneaker and athletic clothing retailer will likely continue to lose share to rival Foot Locker.
A happy conclusion to the saga of restaurant Calle 52?
The proposed restaurant Calle 52 is getting a new look and new name and is moving forward after two years of squabbles with neighbors.
New metropolitan development director named
Adam Thies will succeed Maury Plambeck as director of Indianapolis’ Department of Metropolitan Development, effective Oct. 1. Plambeck will lead a program directing the next RebuildIndy investments into city neighborhoods.