Indianapolis
Vista Capital Arranges $7.7M CMBS Loan for Extended-Stay Property in Indianapolis
Vista Capital Company has negotiated and closed $7.7 million of financing for the five-story Staybridge Suites hotel in downtown Indianapolis. The 10-year CMBS loan was provided by a European-based group of investors who were attracted by the market and by the strong performance of the asset. The extended-stay, InterContinental-branded hotel was…
Continue reading →Mayor Greg Ballard Plans Redevelopment of Former Market Square Arena Site
The City of Indianapolis is ready to take another shot at redeveloping the former site of Market Square Arena (MSA), which it segmented into parking lots. During his annual State of the City speech, Mayor Greg Ballard has announced that his administration is now seeking plans and proposals to repurpose…
Continue reading →Baldwin & Lyons to Spend $20M-$30M on New HQ Facility in Carmel
Baldwin & Lyons, one of Indiana’s largest insurance companies, plans to relocate its headquarters from downtown Indianapolis to Carmel. According to the Indianapolis Business Journal, the company’s lease for 81,000 square feet in the Landmark Center at 1099 N. Meridian St. will expire in August. In Carmel, Baldwin & Lyons…
Continue reading →Developers Selected to Build $22.9M Office Facility at IUPUI Campus
In a public-private development deal, REI Real Estate Services and its partner, Vermillion Enterprises LLC of Chicago, have been selected to build a 100,000-square-foot office facility on the IUPUI campus. According to the Indianapolis Business Journal, the proposed five-story building would house the university's School of Philanthropy, as well as…
Continue reading →Milhaus Redevelops Former Bank One Center into Apt., Office Space
Milhaus Development is currently redeveloping the former Bank One Operations Center in downtown Indianapolis into a five-story mixed-use structure with 258 apartments and up to 68,000 square feet of commercial space. Inside Indiana Business reports that the estimated price tag of the reconversion plan is around $30 million. Located at…
Continue reading →Luxury Hotel in Downtown Indianapolis Open for Business
A new four-star hotel has recently opened in the heart of downtown Indianapolis, as part of the CityWay development. Called The Alexander, in honor of Alexander Ralston, the engineer and architect who in 1820 led the creation of the city’s plan, the property offers 157 guest rooms with stunning views of…
Continue reading →Flock Real Estate to Spend $1M Renovating Historic Apartment Buildings in Indianapolis
Two Old Northside apartment buildings at the northeast corner of 13th and Alabama streets in Indianapolis are about to get a $1 million makeover. …
Continue reading →Duke Realty Divests Six-Building Office Portfolio in Indianapolis
A joint venture between Middleton Partners and Romanek Properties has acquired the six-building Hillsdale Technecenter in suburban Indianapolis from locally based Duke Realty Corp. John Huguenard and Peter Harwood of Jones Lang LaSalle represented the seller in the transaction. Financial terms were not disclosed. According to the Indianapolis Business Journal,…
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