Main tenant of former United hub staying on
Indianapolis airport officials hope to soon renew their lease with AAR Corp., the aircraft service company that is a key tenant in United Airlines’ former maintenance hub.
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Downtown office vacancies force landlords to get creative
A downtown office broker who participated in IBJ's annual Commercial Real Estate & Construction Power Breakfast said office tenants are seeking building amenities that jibe with their companies'...
View ArticleROBINSON: 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.
View ArticleSandor starts to build retail projects again
The locally based strip-center owner and developer is nearing completion of a small retail project near 106th and Michigan Road on the western edge of Carmel. It's the company's first retail project...
View ArticlePrice tag for Walmart e-commerce center to hit $102M
The retailer has finalized a contract for state incentives on the 1.1 million-square-foot project, pledging to hire 303 workers by the end of 2015.
View ArticleCanadian firm buys Ingram Micro properties for $68.7M
Granite Real Estate Investment Trust has entered Plainfield's robust logistics and distribution market with a deal to buy two mammoth facilities and a prime plot of land.
View ArticleOffice, industrial markets heated up in 2014
Both markets posted strong results as demand for space improved following the recession. Downtown office demand remained weak, however.
View ArticleBuyer of mostly vacant office complex scores 3 tenants
After buying 500 N. Meridian in June, Ambrose Property Group has snagged three major tenants from OneAmerica Tower.
View ArticleCasino operator proposes $650M development on airport site
The complex, called American Place, would contain Indiana's smallest casino, 1.2 million square feet of retail space, 200 condominiums, 25 high-end hotel suites, a conference and performance center,...
View ArticleTranscript: IBJ Commercial Real Estate and Construction Power Breakfast
Indianapolis Business Journal gathered leaders in the state's commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 10.
View ArticleSalesforce expanding downtown, seeking big block of space
Salesforce.com appears to have scrapped plans to build its own downtown headquarters building and instead is seeking a huge block of space in an office tower to satisfy its aggressive growth plans.
View ArticleDowntown office market strengthening
The downtown submarket recorded its strongest quarter since late 2011 by absorbing about 110,500 square feet of space, which lowered vacancy to 18.8 percent, CBRE statistics show.
View ArticleTwo downtown towers soon up for sale
The Chase Tower, the state’s largest office building, might fetch more than $200 million—a price driven up by a nearly finalized deal that would boost sagging occupancy.
View ArticleSpeak Easy eyes new downtown operation
The Speak Easy, a 4-year-old co-working space near Broad Ripple that’s become one of the most popular entrepreneurial hubs in the region, is gearing up to expand downtown.
View ArticleTwo tracks of negotiations helped seal huge Salesforce expansion
Tech talent and naming rights on the state’s tallest building were key factors that helped Indianapolis secure an 800-employee hiring commitment from Salesforce.com this month.
View ArticleColts sign new lease for airport hanger after paying for improvements
The Indianapolis Colts organization is getting a break on rent for its 20,000-square-foot hanger at Indianapolis International Airport after doing some rehab work.
View ArticleKite Realty’s focus on primo locations serving it well
Kite Realty Group Trust has built an admirable record of picking winning locations for its centers and keeping them vibrant with tens of millions of dollars in upgrades.
View ArticleIndy cracks nation's top 10 for tech-firm office deals
Firms signed lease deals for nearly 1 million square feet of office space between mid-2015 and mid-2016 in Indy's metro area, led by a mammoth deal for Salesforce.com, according to a national study.
View ArticleCoroner’s office wants out of downtown building by January
The office will likely remain in the 25,000-square-foot, privately owned building at 521 W. McCarty St. the next two years while the city explores whether to move the office or have a building...
View ArticleUPDATE: Salesforce plotting real estate changes
The company's lease in the Gauranty Building, 20 S. Meridian St., will expire in the first quarter of next year, while a lease for the Century Building, 36 S. Pennsylvania St., runs until 2021....
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