Most office-space renters opt to stay where they are
Tight budgets, unsure future make moving unattractive to office-space renters.
Real Estate
Articles
Foreclosure investors shift to buy-and-hold strategy
Instead of buying and selling, investors with ready cash are buying houses at substantial markdowns, turning them into rental
properties and sitting tight until the market improves.
Founders sell Greenwood firm
The three founders of Greenwood-based Leading Edge Commercial Real Estate Services have sold the firm’s commercial real estate division to one of their associates, Gretchen Radke.
New project at 22nd and Meridian
A developer is planning a 3,200-square-foot, two-tenant retail building at 2181 N. Meridian St. in another small sign of progress for the uptown…
Nia’s Deli and 97th Landing
A new lunch spot called Nia’s Deli is on track to open next week in a building at 38 E. Washington St. (shown here) that burned in 2007. The space…
A new generation takes over Glick apartment empire
A new generation of company leadership is revving the Gene B. Glick Co. and building and buying apartment complexes again.
Few private firms survive to third generation
The Gene B. Glick Co. has managed to accomplish what few privately held family enterprises can—keeping the company alive
for
a third generation.
Animation of Marriott Place
The developers of a new convention hotel complex plan to brand the four new hotels and existing Marriott Indianapolis as Marriott Place Indianapolis. The 2,200-room complex will be anchored by the 1,005-room, 34-story JW Marriott. All the hotels are slated…
Around town real estate roundup
New headquarters and museum planned: Workers are renovating space in Claypool Court for a new Drum Corps International headquarters and a museum for the Percussive Arts Society. The not-for-profit DCI plans to take…
Brokers revise plan for key lots
The owners of two vacant buildings and a fenced lot along Washington Street downtown aren’t giving up on redevelopment even after their plans for a…
Historic downtown building may be rescued.
Local developer Halakar Properties Inc. is seeking tax abatement to save an endangered property.
Noble Roman’s stands to lose more than it’s worth in legal action by former franchisees
More former franchisees have joined a lawsuit against Noble Roman’s Inc., raising the prospect that a courtroom loss could
sink the locally based pizza chain.
Incoming HHGregg CEO: ‘We need to stay humble’
Dennis May, 41, slated to take over as HHGregg CEO in August, vows to continue growing what is already the nation’s largest
regional electronics player.
Group wants to redevelop buildings, land near Circle
Uptown Realty Investors, owners of two vacant buildings and a fenced lot along Washington Street downtown, aren’t giving up
on redevelopment even after their plans for a $40 million mixed-use structure fell apart.
Developer could turn Maxwell to apartments
Sluggish condo sales have led developer Kosene & Kosene Residential to consider turning its latest downtown project, The
Maxwell,
into apartments.
Drugstores expanding on 86th Street corridor
A rough economy hasn’t calmed the grudge match between drugstore giants Walgreen Co. and CVS Caremark.
New life for Illinois Building?
A local developer is working on plans to save the vacant 10-story Illinois Building, considered in recent years as one of the state’s most endangered historic…
Apartment conversion for Maxwell
Sluggish condo sales have led developer Kosene & Kosene to consider turning its latest downtown project, The Maxwell, into apartments. The local company has moved its corporate…
Drugstore shuffle on 86th
A rough economy hasn’t calmed the grudge match between drugstore giants Walgreen Co. and CVS. Both stores are planning new locations at the busy intersection…
Duke upends growth plan, focuses on paying debt
In this horrendous environment, nothing is more important for a debt-laden public company than proving it can pay its bills