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HFF Markets Indianapolis Multi-Housing Communities on Behalf of Milhaus

HFF Markets Indianapolis Multi-Housing Communities on Behalf of Milhaus

Milhaus Ventures has retained HFF to market for sale two of its newly constructed multi-family communities, the 384-unit Solana Apartments at the Crossing in Indianapolis and the 193-unit Penn Circle Apartments in Carmel.…

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Milhaus Plans Second Phase of Artistry Apartment Development in Downtown Indianapolis

Milhaus Plans Second Phase of Artistry Apartment Development in Downtown Indianapolis

Milhaus Development is seeking city approval to begin construction on the second phase of its Artistry apartment project in downtown Indianapolis.…

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Pangea Achieves 90% Occupancy in Record Time for Two Turn Around Properties

Pangea Achieves 90% Occupancy in Record Time for Two Turn Around Properties

Pangea Properties, a private real estate investment trust based in Chicago, has announced that, after having made significant property improvements, it has achieved 90 percent occupancy for two of its recently acquired Indianapolis communities. The company purchased both 109-unit Pangea Courts and 120-unit Pangea Riverside in 2012.…

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Westin Hotel in Downtown Undergoes $14M Renovation

Westin Hotel in Downtown Undergoes $14M Renovation

The four-star Westin Hotel in downtown Indianapolis is about to embark upon a $14 million refurbishment project. According to the Indianapolis Business Journal, the overhaul, which will include the property’s 13 floors and 573 guest rooms, will start this month and be complete by February.…

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Zeller Realty Plans Sale of Large Office Complex in Carmel

Zeller Realty Plans Sale of Large Office Complex in Carmel

Chicago-based Zeller Realty Group is planning to divest the iconic Meridian Mark Plaza office complex along the North Meridian Street corridor in Carmel. The Indianapolis Business Journal reports that the company has hired the local office of CBRE to advise it on the sale.…

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Deylen Realty to Develop $10M Apartment Community on Virginia Avenue in Indianapolis

Deylen Realty to Develop $10M Apartment Community on Virginia Avenue in Indianapolis

Deylen Realty is planning the construction of a new apartment community. The $10 million project at 501 Virginia Avenue will replace a warehouse with 68 market-rate apartments, 9,900 square feet of retail space and a 104-space parking garage with 76 underground spaces.…

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RockBridge Capital to Renovate Iconic Canterbury Hotel in Indianapolis for $9.5M

RockBridge Capital to Renovate Iconic Canterbury Hotel in Indianapolis for $9.5M

Columbus, Ohio-based RockBridge Capital LLC is planning to close the historic 99-room Canterbury Hotel in downtown Indianapolis for a nine-month renovation and reopen the property under Starwood’s luxurious Le Meridien brand.…

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Developers Plan $10.7M Affordable Senior Housing Project in Indianapolis

Developers Plan $10.7M Affordable Senior Housing Project in Indianapolis

Local low-income housing developer BWI Development & Management Inc. has partnered with the not-for-profit Local Initiatives Support Corporation to develop an affordable housing project for seniors in Indianapolis.…

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Developers Plan $10.7M Affordable Senior Housing Project in Indianapolis

Developers Plan $10.7M Affordable Senior Housing Project in Indianapolis

Local low-income housing developer BWI Development & Management Inc. has partnered with the not-for-profit Local Initiatives Support Corporation to develop an affordable housing project for seniors in Indianapolis.…

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Transpacific Development Purchases 1.1M-Sq.-Ft. Distribution Center at AmeriPlex

Transpacific Development Purchases 1.1M-Sq.-Ft. Distribution Center at AmeriPlex

Transpacific Development Co. of Torrance, California has recently purchased a 1.1-million-square-foot distribution center at the AmeriPlex Business Park. According to the Indianapolis Business Journal, the seller of the property at 9101 Orly Road was Metro Holdings One LLC of Columbus, Ohio.…

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Browning Investments Obtain Preliminary Approval for $25M Mixed-Use Project Over Community Objections

Browning Investments Obtain Preliminary Approval for $25M Mixed-Use Project Over Community Objections

A proposed $25 million residential and retail project in Broad Ripple has received its first approval from the Metropolitan Development Commission. According to the Indianapolis Business Journal, a final decision regarding the rezoning of the 2-acre property northeast of the intersection of College Avenue and the Central Canal is expected…

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Milhaus Breaks Ground on $26M Redevelopment in Historic District

Milhaus Breaks Ground on $26M Redevelopment in Historic District

Construction on the $26 million Circa Apartments at the former Mitchell & Scott industrial site in downtown Indianapolis is currently under way.…

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