Indianapolis

Pedcor Breaks Ground on Second Phase of Carmel’s Mixed-Use City Center

Construction on the second and final phase of the massive Carmel City Center redevelopment has begun.

Cummins Plans 10-Story HQ in Downtown Indianapolis

Diesel engine manufacturer Cummins Inc. has unveiled its plans for the construction of a new 10-story global distribution business headquarters in downtown Indianapolis.

Rockbridge Opens Boutique Hotel in Downtown Indianapolis After $13M Historic Conversion

The highly anticipated Le Méridien Indianapolis boutique hotel at 123 South Illinois Street in the city’s downtown area is now officially open.

Developer Revives Historic Downtown Indianapolis Office Building

A long vacant 12-story office building east of Monument Circle in downtown Indianapolis could soon get a new life.

HFF Secures $17M Funding for Office Complex Acquisition on Behalf of True North Management Group of New York

HFF has lined up $17.15 million in post-acquisition financing for True North Management Group‘s purchase of a more than 240,000-square-foot office complex in Carmel.

Milhaus to Build on Downtown Land Bought from City for $1; Annex Student Living Acquires Five Midwest Residential Properties for $41M

Milhaus Development LLC is planning the construction of an unusual apartment building on a thin block-long stretch of land in downtown Indianapolis.

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.

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.

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.

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.