Indianapolis

The hospitality company is shifting its portfolio to focus solely on urban luxury and lifestyle hotels within core markets.

The firm has added 12 affordable housing and workforce housing communities to its Midwest portfolio, which now totals more than 5,300 units.

The investment fund will focus on acquiring $300 million of large, Midwest apartment communities over the next three years.

The firm's Watermark Multifamily Development Fund IV LP will be utilized to develop 10 luxury multifamily communities in six states.

The company has expanded its Midwest portfolio by 4,200 sites, situated across Illinois, Indiana and Michigan.

James Chung launches the Econic Co., the latest in a string of bespoke brokerage firms to launch since the start of the pandemic.

Indianapolis was the top performer of Yardi Matrix's top 30 markets and recorded a year-over-year rent growth of 3.5% last month.

Avison Young secured the lease within the master-planned business park, Whiteland Exchange, on behalf of the developer Jones Development Co.