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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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Radco Cos. Acquires Receiver-Managed Property for $16.5M

Radco Cos. Acquires Receiver-Managed Property for $16.5M

The RADCO Companies has announced the acquisition of the Lakewood Lodge multifamily community in northern Indianapolis. The Atlanta-based company purchased the 454-unit property from its lender, the Lehman estate for $16.5 million.…

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Flaherty & Collins to Develop $81M Apartment Project on Market Square Arena Site

Flaherty & Collins to Develop $81M Apartment Project on Market Square Arena Site

City officials have chosen Flaherty & Collins’ proposal to redevelop the former site of the Market Square Arena in downtown Indianapolis.…

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Big Red Liquors Plans New 33,000-Sq.-Ft. HQ in Indianapolis

Big Red Liquors Plans New 33,000-Sq.-Ft. HQ in Indianapolis

Bloomington-based Big Red Liquors is planning to turn a vacant 33,000-square-foot building on the south side of Indianapolis into the company’s new headquarters.…

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IDI Plans 460,000-Sq.-Ft. Development, Acquisitions at AmeriPlex Industrial Park

IDI Plans 460,000-Sq.-Ft. Development, Acquisitions at AmeriPlex Industrial Park

Atlanta-based Industrial Developments International Inc. (IDI) is planning the construction of its second building at the AmeriPlex Business Park, a large distribution complex adjacent to the Indianapolis International Airport.…

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Insight Development Opens 155-unit Mixed-Income Apartment Community in Downtown Indianapolis

Insight Development Opens 155-unit Mixed-Income Apartment Community in Downtown Indianapolis

by Adriana Pop, Associate Editor Insight Development Corp., the development arm of the Indianapolis Housing Agency, has announced the official opening of 16 Park Apartments, an eco-friendly residential community located in the city’s downtown area. The $34 million redevelopment project has turned the 35-year-old Caravelle Commons housing cooperative along 16th…

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Sourwine Real Estate to Deliver City’s First Speculative Office Project Since 2008

Sourwine Real Estate to Deliver City’s First Speculative Office Project Since 2008

Sourwine Real Estate Services, a locally based three-generation real estate owner, developer and property management company, is about to complete the first speculative office building in the Indianapolis area since 2008.…

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HFF Arranges $24.3 million in Financing for 516-unit Multi-Family Property in Indianapolis

HFF Arranges $24.3 million in Financing for 516-unit Multi-Family Property in Indianapolis

HFF has provided $24.3 million in financing for Pickwick Farms Apartments, a 516-unit multi-housing community in Indianapolis.…

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Pittman Partners Files Plans for $90M Mixed-Use Hub in Zionsville

Pittman Partners Files Plans for $90M Mixed-Use Hub in Zionsville

Pittman Partners LLC is planning a $90 million commercial and residential hub in Zionsville, the Indianapolis Business Journal reports.…

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Whitsett Plans to Convert 190,000 SF Former Indianapolis Star HQ into Apartments

Whitsett Plans to Convert 190,000 SF Former Indianapolis Star HQ into Apartments

The Whitsett Group is planning to redevelop the Indianapolis Star’s downtown headquarters into apartments. …

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