Indianapolis Real Estate News

Anchor Commercial Joins Lee & Associates
CoStar Group
By Nadia Chowbay Anchor Commercial, which spent the last five years as an affiliate of CORFAC International, has joined the commercial real estate firm Lee & Associates, one of the largest full-service real estate firms in the country.

Franklin Street Properties Corp. Announces Fourth Quarter & Year End 2011 Results
MarketWatch (press release)
The increase in FFO was primarily attributable to an increase in real estate FFO of $2.1 million and a decrease in investment banking FFO of $1.2 million. The increase in real estate FFO was primarily from three new acquisitions made in March 2011, ...

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Kite Realty Group Trust Announces Sale of Gateway Shopping Center
MarketWatch (press release)
INDIANAPOLIS, Feb 21, 2012 (BUSINESS WIRE) -- Kite Realty Group Trust (NYSE:KRG) (the "Company") announced today that it has closed on the sale of its Gateway Shopping Center property in Marysville, Washington for a sales price of $29.4 million.

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Inside INdiana Business (press release)
Association Announces Real Estate 'Projects of The Year'
Inside INdiana Business (press release)
Indianapolis-based Duke Realty Corp. (NYSE: DRE) has been named developer of the year by the Commercial Real Estate Development Association. The organization has also honored three developments as the best real estate projects of the year in Indiana.

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Bridal show promises latest ideas
Muncie Star Press
Ultimate Body Applicators, Wagner Auctioneering and Real Estate, Cardinal Cupcakes, Saba Appetite Control and Energy Pill, Lori's Lovely Lashes, Heather's Edible Art, Eye Candy Beauty Design, Kishel Photography, Journeys by G, Delaware County Country ...

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New owners may renovate Downtown office building
Indianapolis Star
Two local real estate firms have bought the 100-year-old American Building at 333 N. Pennsylvania St. from the owners of The Indianapolis Star. The Whitsett Group and Ambrose Property Group bought the 10-story office building, which was listed for sale ...

Briefly Around the State + Nation
Indianapolis Star
(Star report) Two local real estate firms have bought the 100-year-old American Building at 333 N. Pennsylvania St. from the owners of The Indianapolis Star. The Whitsett Group and Ambrose Property Group bought the 10-story office building, ...

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Imagine soaks the Sunshine State
Fort Wayne Journal Gazette (blog)
The costly real estate lease agreements entered into by Imagine charter schools, including those in Fort Wayne and Indianapolis, are getting more scrutiny in Florida, where the Tampa Bay Times examined the cost for Imagine school buildings in St.

Commercial construction may be in the doldrums nationally, but not in Downtown ...
Indianapolis Star
A "sustained pipeline" of construction activity is the way Terry Sweeney, vice president of real estate development at Indianapolis Downtown Inc., describes it. "We just have a good mix of (new) projects that have backfilled" the massive Super ...

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Indianapolis Real Estate Sales Climbed Again in January
Gayapolis
January's existing home sales in the nine-county Indianapolis area are up 13.4 percent from last January, RTV6's Tanya Spencer reported. That's good news, considering sales had dropped about 30 percent over the last five years. Jim Litten, president of ...

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A boom in Downtown construction
Indianapolis Star
It is being named for Indianapolis real estate developer Sidney Eskenazi and his wife, who donated $40 million. » Description: The new hospital will replace a deteriorating hodgepodge of aging buildings that make up Wishard, which mostly serves poor ...

Hospital, residential projects drive wave of Downtown construction
Indianapolis Star
A "sustained pipeline" of construction activity is the way Terry Sweeney, vice president of real estate development at Indianapolis Downtown Inc., describes it. "We just have a good mix of (new) projects that have backfilled" the massive Super ...

Window replacement should be as smooth as glass
Indianapolis Star
"Vinyl windows will maintain their color forever," said Joe Daniels of Window Man, Inc. in Indianapolis. "You don't have to worry about repainting the window every spring. Vinyl comes with a lifetime warranty and is maintenance free, aside from the ...

Indianapolis Business Journal
People in the news - Feb. 20, 2012
Indianapolis Business Journal
Mental Health America of Greater Indianapolis has named the following officers: Arend Abel, Cohen & Malad LLP, president; David McCulloch, NCAA, vice president; Katie Grgic, Taft Stettinius & Hollister, secretary; and Jolaine Hill, Katz Sapper & Miller ...

Indianapolis Downtown Inc.'s Tamara Zahn has been a key player in transforming ...
Indianapolis Star
"There's no question in my mind that Tamara has played an important role in shaping what we look like today," said Leonard Hoops, president and CEO of the Indianapolis Convention & Visitors Association. Zahn, 58, came from a real estate consulting ...
IDI President to Step DownInside INdiana Business (press release)

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5 REITs With Solid Profit Potential
Seeking Alpha
Real estate investment trusts, or REITs, are a favorite tool of many investors who are willing to take some risks to score some very nice gains. Whether investing in residential properties, office and retail space or hotels, REITs have a reputation for ...

Star sells American Building to 2 Indy-based real estate companies
Indianapolis Star
The owner of The Indianapolis Star has sold the 10-story American Building, at 333 N. Pennsylvania St., to two Indianapolis commercial real estate companies. Ambrose Property Group and The Whitsett Group have bought the 100-year-old office building and ...

Indianapolis Business Journal
Longtime leader Zahn leaving Indianapolis Downtown Inc.
Indianapolis Business Journal
Indianapolis Downtown Inc. announced Thursday morning that President Tamara Zahn plans to leave her position by June. Zahn was IDI's first president and has been in the post for 19 years. IDI, a not-for-profit charged with marketing, managing and ...

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Baltimore excuses new Grand Prix promoter from $4.25 million in fees
Baltimore Brew
In both contracts, the city was represented by Mark Pollak, a real estate attorney at Ballard Spahr, as outside counsel. The new contract bypassed the city's Request for Proposals process by being designated as a professional service contract.

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AdvisorOne
New Hire Roundup: Dowling & Yahnke Advance 4; Key Private Bank Launches ...
AdvisorOne
Also, Robert Kennedy was named president of Wells Real Estate Funds; Bruce Laning went to Baker Tilly; Bennett Gross went to EP Wealth Advisors; and Daniel Sternberg joined the board of managers at Tiedemann Wealth Management.

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