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General Hotels Acquires 150-Key Marriott Property in Columbus for $14M; Zeller Buys Indianapolis Office Tower Out of Foreclosure

General Hotels Acquires 150-Key Marriott Property in Columbus for $14M; Zeller Buys Indianapolis Office Tower Out of Foreclosure

In a $14 million deal, an affiliate of Indianapolis-based General Hotels Corp. bought the Courtyard by Marriott at 2901 Airport Drive in Columbus from California-based MLQ MB Hotels 2011 LLC.…

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Mapleton-Fall Creek and BWI Plan $20M Senior Housing and Retail Project to Regenerate Bilghted Area in Indianapolis

Mapleton-Fall Creek and BWI Plan $20M Senior Housing and Retail Project to Regenerate Bilghted Area in Indianapolis

A $20 million senior housing and retail project planned by the Mapleton-Fall Creek Development Corp. in partnership with local affordable housing developer BWI Development & Management Inc. could soon rise on a five-acre site north of downtown Indianapolis.…

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Ambrose Property Plans $90M Distribution Center in Plainfield

Ambrose Property Plans $90M Distribution Center in Plainfield

As more and more e-commerce tenants are pushing up demand for industrial space in the Indianapolis area, Ambrose Property Group has decided to develop two massive distribution buildings in Plainfield.…

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Community Health Network Announces $175M Investment in New Health Pavilions and Hospital Renovation

Community Health Network Announces $175M Investment in New Health Pavilions and Hospital Renovation

Community Health Network is planning to invest $175 million in the construction of three new health pavilions on the eastside of Indianapolis over the next few years.…

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TODAY’S DEALS: Inland Acquires Newly Constructed Indianapolis Community

TODAY’S DEALS: Inland Acquires Newly Constructed Indianapolis Community

Inland Real Estate Picks up a 384-unit asset from Milhaus in an HFF-brokered sale; Gebroe-Hammer closes 13 multifamily sales in July and August; and Meridian Capital brokers $29 million in creative acquisition and construction financing for a boutique condominium project.…

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Retrofitted Historic Building in Downtown Indianapolis to Bring Hotel, Apartments

Retrofitted Historic Building in Downtown Indianapolis to Bring Hotel, Apartments

Downtown Indianapolis is becoming increasingly attractive to the boutique-hotel market.…

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Butler University Builds 600-Bed Student Housing Facility and Parking Garage in Indianapolis

Butler University Builds 600-Bed Student Housing Facility and Parking Garage in Indianapolis

Butler University’s plans for a major campus upgrade will bring two new facilities along Sunset Avenue in Indianapolis – a 600-bed residence hall and an approximately 1,000-space parking garage.…

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HFF Arranges $9.85M Financing for Apartment Conversion Project in Downtown Indianapolis; Officials Celebrate $10M Renovation of Historic IU Medical Building

HFF Arranges $9.85M Financing for Apartment Conversion Project in Downtown Indianapolis; Officials Celebrate $10M Renovation of Historic IU Medical Building

Pennsylvania-based HFF has secured $9.85 million in financing for 333 Penn, a 78-unit, adaptive re-use apartment building at in downtown Indianapolis.…

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Westminster Village to Build ‘Hybrid Homes’ Combining Apartment, Single-Family Home Living for Seniors

Westminster Village to Build ‘Hybrid Homes’ Combining Apartment, Single-Family Home Living for Seniors

Westminster Village has celebrated the groundbreaking of a new 54-unit senior care community at 1741 N. Salisbury in West Lafayette, on a site previously occupied by IU Health Arnett.…

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CSM Corp. to Develop the First Two-Flag Hotel Building in Indianapolis

CSM Corp. to Develop the First Two-Flag Hotel Building in Indianapolis

Minnesota-based CSM Corp. is planning the construction of the city's first dual-branded hotel building on a surface parking lot downtown.…

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Lowe’s $20.5M Call Center to Bring 1,000+ Jobs to Indianapolis

Lowe’s $20.5M Call Center to Bring 1,000+ Jobs to Indianapolis

Home-improvement retail giant Lowe’s has officially unveiled its plans to establish a massive call center on the northwest side of Indianapolis that would lead to the creation of up to 1,000 jobs by 2016.…

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Investment Property Advisors Plans More Apartments in Downtown Indianapolis; Edward Rose Seeks Bond Financing for Major Mixed-Use Project in Carmel

Investment Property Advisors Plans More Apartments in Downtown Indianapolis; Edward Rose Seeks Bond Financing for Major Mixed-Use Project in Carmel

Investment Property Advisors of Valparaiso is about to complete a large-scale apartment complex along the Central Canal in downtown Indianapolis and, according to the Indianapolis Business Journal, the company is seeking city approval to begin construction on the project’s second phase.…

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