Articles

North-side office building falls into foreclosure

A nearly 100,000-square-foot office building on East 46th Street in Indianapolis is in foreclosure after lenders found the owner in default on a $4.5 million loan. A hearing to appoint a receiver to manage the property has been set for Sept. 5.

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Tech companies converge in Warehouse District

Right On Interactive next month plans to move its 30 employees from 5,000 square feet at 136 E. Market St. to about 7,000 square feet on the second floor of Allen Plaza, the luxury condo complex at 1 Virginia Ave.

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Package of 16 apartment complexes back on the market

The local Zender Family Limited Partnership again is attempting to sell the buildings after failing to attract a suitable buyer four years ago. The family is expecting better results this time because it’s willing to break up the portfolio and sell the buildings individually.

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Lucases put imprint to Hilbert mansion

Forrest and Charlotte Lucas kept original touches including a painting with original owner Steve Hilbert holding a spear, but otherwise aimed to make the mansion more casual. (with 360-degree photos)

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At Home Quarterly: Marketplace stats

See Indianapolis-area home sales, mortgage rates, demographic trends and neighborhoods. Also included are the most expensive home sold this year and examples of what $750,000 can buy.

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Local developer buys 50 acres in Intech Park

Ace Commercial Development plans to construct a build-to-suit development for an undisclosed client on the highly visible property. Real estate sources say the client is locally based Heritage Environmental Services LLC.

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Vacant Consolidated Building purchased by local buyers

Two local buyers are angling to revitalize a century-old, 15-story downtown landmark that has confounded redevelopment attempts since its last tenants departed in the late 1990s. Ambrose Property Group and The Whitsett Group hope to transform the Consolidated Building into 98 apartments with first-floor retail or restaurant space.

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