Indianapolis

News

Downtown Indy Looking Good to Buyers

Brian J. Rogal | September 11, 2018

  INDIANAPOLIS—This city's suburban region has long over-shadowed the downtown office market. But the desire among an increasing number of…

News

Macerich, Simon JV to Develop Major Outlet Center in LA Suburb

John Jordan | September 11, 2018

Macerich of Santa Monica, CA and Indianapolis-based Simon in a 50-50 joint venture will co-develop and jointly lease the new outlet center that is designed to open with 400,000 square feet, followed by an additional 166,000 square feet in its second phase.

Labor Shortages Not Slowing Down Activity Yet

Brian J. Rogal | August 24, 2018

The Indianapolis region now has an unemployment rate of just 3.2%, and many other metros are just as tight.

News

Indy Office Market Hitting Record Highs

Brian J. Rogal | August 21, 2018

The revival of the region's office market has legs. And both the CBD and the suburbs are taking part.

News

360 Market Square Ownership Secures $104M in Financing

John Jordan | August 14, 2018

360 Market Square, built on the former Market Square Arena site, consists of 292 apartment units and approximately 42,000 square feet of ground-floor retail anchored by Whole Foods Market.

Indy Industrial an Unstoppable Engine

Brian J. Rogal | August 14, 2018

National distributors look upon the region as an indispensable link in their supply chains.

Coworking Grows in the Midwest

Brian J. Rogal | July 30, 2018

Office users throughout the region have created a lot of demand for such services.

News

Duke Realty Expands South Florida Industrial Portfolio

John Jordan | July 27, 2018

HFF announced today Duke Realty’s purchase of the property from Flagler Global Logistics of Miami.

Thought Leadership

Indy Office Market Humming Along

Brian J. Rogal | May 23, 2018

An expanding tech sector has helped send unemployment down to 3.0%.

Value-Add Properties Attracting More Notice

Brian J. Rogal | May 22, 2018

There is a robust demand for many apartment properties in fast-growing secondary cities.

Developers Still Bullish on Midwest Industrial Markets

Brian J. Rogal | May 21, 2018

Developers are now shifting to infill locations in Chicago and many other cities.

Thought Leadership

Transformation of Supply Chain Has Room to Run

Brian J. Rogal | May 10, 2018

The long-term reconstruction of the nation's distribution centers will continue for years.

Investors Buy Up $320M Portfolio

Brian J. Rogal | January 10, 2018

CBRE Capital Markets has just arranged the sale and recapitalization of Milhaus’s Urban Core Portfolio.

Indy Industrials on the Way to Big 2017

Brian J. Rogal | May 04, 2017

INDIANAPOLIS-Developers hit pause in 2016 and allowed the 2015 crop of buildings to get absorbed, and are now ready for a new round of construction.

Investors Pour Money into Indy Office Properties

Brian J. Rogal | April 14, 2017

INDIANAPOLIS—Downtown is getting a new look as more companies establish offices there.

Investors Pouring Into Indy Industrial Market

Brian J. Rogal | March 30, 2017

INDIANAPOLIS—Sealy and Co. just seized the chance to buy more than one million square feet of space.

Secondary Cities Drawing Institutional Buyers

Brian J. Rogal | March 24, 2017

INDIANAPOLIS—An industrial portfolio in Indianapolis that has hit the market is expected to attract investors looking for higher yields.

Event Coverage

Indy's Office and Industrial Markets Look Solid for 2017

Brian J. Rogal | February 24, 2017

INDIANAPOLIS—The city has become a hub for national distributors and the office market has attracted a group of forward-thinking landlords.

Spec Construction Continues in Indy

Brian J. Rogal | February 22, 2017

INDIANAPOLIS—A lag in leasing seems to have ended, and developers say robust demand has returned.

Duke Realty Sells Top Indy Office Property

Brian J. Rogal | February 06, 2017

INDIANAPOLIS—Duke Realty has now unloaded most of its office properties, and Group RMC has become the region’s largest owner of suburban office space.

Secondary CBDs Achieving Balance with Suburbs

Brian J. Rogal | January 17, 2017

INDIANAPOLIS—Suburban submarkets have dominated the office markets in some cities, but the trend toward urban living is causing a shift.

Mann and GCP Sell Georgetown Commerce Park to Congaree River

Brian J. Rogal | January 11, 2017

INDIANAPOLIS—It’s a good time to own distribution property in the region. The industrial market has recently put up historic leasing and construction numbers.

Middle-Market Digest

Middle Market Digest-The Midwest

Brian J. Rogal | December 02, 2016

CHICAGO—The latest news, trends, deals and happenings in the Midwest region.

Historic Occupancy Gains for Indy Industrials

Brian J. Rogal | October 20, 2016

INDIANAPOLIS—Users have absorbed much of the space built during a recent construction boom.

Downtown Cincinnati is Taking Off

Brian J. Rogal | September 01, 2016

CINCINNATI—The former URS Tower went through foreclosure and a sheriff’s sale, but Neyer Properties aims to modernize it and give it new life.

Equity Commonwealth Sells $416M Office Portfolio

Brian J. Rogal | August 30, 2016

CHICAGO—The big sale shows again how attractive urban cores, even ones outside the top metros, have become to national investors.

National Investors Consider Strong Secondary and Suburban Locations

Brian J. Rogal | August 25, 2016

INDIANAPOLIS—Rubenstein Partners, LP and its partner, Indianapolis-based Strategic Capital Partners, just acquired Parkwood Crossing, an 8-building, 1.2 million square foot office campus in the Carmel submarket of Indianapolis, for $162.9 million.

Duke’s Healthcare Portfolio Hits Record Occupancy

Brian J. Rogal | August 18, 2016

INDIANAPOLIS—The company also completed three more significant medical facilities in the first half of the year.

Indianapolis Industrial Market Headed Toward Record Year

Brian J. Rogal | August 12, 2016

INDIANAPOLIS—Overall, the Indianapolis industrial market is in its strongest position since the recession.

Indy Could See Even More New Spec Projects in 2016

Brian J. Rogal | July 15, 2016

INDIANAPOLIS—The market just experienced its greatest level of occupancy gains in two years, with more than 1.9 million square feet of net absorption occurring in the second quarter alone.

Top Indy Properties Attract Tenants and Investors

Brian J. Rogal | June 27, 2016

INDIANAPOLIS—The increased interest in traditional office properties here has brought in national investors, who are expected to pour capital into their latest acquisitions.

Purdue and Browning Launch 20-Year Plan

Brian J. Rogal | June 16, 2016

WEST LAFAYETTE, IN—The collaboration will transform the western edge of this city, and include student housing, office, retail, public spaces; and aerospace industry-focused research.

JLL Expands in E-Commerce Sector with KY Acquisition

Brian J. Rogal | May 18, 2016

LOUISVILLE—The Chicago-based firm has acquired Harry K. Moore, a Louisville firm that does a lot of e-commerce work in the key cities of Louisville, Indianapolis, and Columbus.

Indianapolis Industrial Market Continues Hot Streak

Brian J. Rogal | May 02, 2016

INDIANAPOLIS—The region saw a bit of a lull last year, but now users seem to be lining up to occupy structures completed during the construction boom of two years ago.

Indianapolis Records a Big Industrial Quarter

Brian J. Rogal | April 22, 2016

INDIANAPOLIS—Developers built millions of square feet in 2014, and finally there are signs that occupiers are ready to move in.

Big Downtown Office Sale in Indy

Brian J. Rogal | April 08, 2016

INDIANAPOLIS—The CBD here has become more attractive in the past few years, attracting new residents, companies and investors.

Colliers Expands Midwest Investment Sales Platform

Brian J. Rogal | March 24, 2016

CHICAGO—The company has recently made some key acquisitions in St. Louis, Indianapolis and Dallas, and now has a new set of leaders to deepen its presence in the region.

New Office Construction Beginning in Indianapolis

Brian J. Rogal | March 14, 2016

INDIANAPOLIS—Leasing activity has gotten robust in many northern submarkets, and Citimark and a few other developers are launching projects to meet the demand.

Colliers to Manage Iconic Downtown Century Building

Brian J. Rogal | March 11, 2016

INDIANAPOLIS—There is a revival going on in downtown Indianapolis, as more tenants seek to occupy the CBD’s historic office buildings.

Event Coverage

Indy CRE Markets Still on Rebound

Brian J. Rogal | March 03, 2016

INDIANAPOLIS—There was good news about all of the major sectors, including industrial, office, multifamily and retail.

Indiana Downtown to Get Big Revival

Brian J. Rogal | February 12, 2016

INDIANAPOLIS-The downtown of suburban Brownsburg declined in the 1950s, but a new mixed-use development will bring in new life and activity.

Another Historic Indy Office Building Sold

Brian J. Rogal | February 04, 2016

INDIANAPOLIS—One of the things out-of-town investors find most attractive about downtown Indianapolis are the incredible bargains.

Cornerstone Expands its Health Care Portfolio

Brian J. Rogal | February 01, 2016

INDIANAPOLIS—Cornerstone Cos. Inc., a privately owned healthcare real estate company in Indianapolis, recently completed its purchase of Lakeview…

Cornerstone Expands its Health Care Portfolio

Brian J. Rogal | January 29, 2016

INDIANAPOLIS—The company is already one of the largest heath care real estate companies in the Midwest, with almost 4 million square feet under management and leasing.

Indy Industrial Market Back in Balance

Brian J. Rogal | January 27, 2016

INDIANAPOLIS—"There is a steady amount of activity in the market right now that we believe will absorb additional space in the vacant spec buildings," Brian Seitz of JLL tells GlobeSt.com.

Leasing Picks Up in Indy; HSA Starts Spec

Brian J. Rogal | January 19, 2016

CHICAGO, INDIANAPOLIS—A year ago, there was a bit of a slowdown in leasing, but demand is catching up to all the new supply recently added.

Indy Industrial Market Recovering Balance

Brian J. Rogal | January 13, 2016

INDIANAPOLIS—Some observers worried that developers had put up so many new distribution buildings that supply and demand were unbalanced, but users absorbed so much space in 2015, Cushman & Wakefield expects to see more speculative development in 2016.

Demand for Indy Industrial Space Grows

Brian J. Rogal | December 17, 2015

INDIANAPOLIS—Developers put up so many specs here recently that supply outpaced demand, but experts say the market will become more balanced in the coming year.

Colliers Expanding Across Midwest

Brian J. Rogal | December 01, 2015

INDIANAPOLIS—The move comes just one day after Resource Commercial Real Estate, also in Indianapolis, ended its affiliation with Colliers.

Indy Firm Exits Colliers, Goes Independent

Brian J. Rogal | November 30, 2015

INDIANAPOLIS—Mergers have become quite common in the world of commercial real estate, but Indy's Resource says it's time to strike out on its own.