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Indianapolis Business Journal
Georgia-based Landmark Properties wants to build the project on a triangular surface lot along Indiana Avenue that it's buying from a local developer.
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Indianapolis Star
Salesforce's growth in Indianapolis likely will resonate far beyond Chase Tower.
Salesforce.com Inc.'s expansion will generate $122.7 million a year toward Indiana's gross domestic product once it is completed in 2021, according to the Indiana Economic Development Corp. The cloud computing giant is planning to invest $40 million in Indianapolis as it moves into the city's tallest building starting early next year. Salesforce expects to hire 800 high-wage workers within the next five years.
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National Mortgage Professional Magazine
The new report finds 52 percent of surveyed commercial real estate executives believed their sector is either strong or very strong, while 71 percent said adequate capital is available for investment and 24 percent believed capital is available for "the right" deals only. When asked about financing, slightly over half of respondents say that they are lengthening the duration of their financing in an effort to lock in today's relatively low rates over a longer period of time.
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The Times of Northwest Indiana
Northwest Indiana has one of the lowest industrial vacancy rates in the Chicago metropolitan market, which just posted its strongest industrial absorption rate in four years, with 9 million square feet leased or purchased between January and March.
The vacancy rate in the greater metro area dropped 54 basis points over the past year to 7.05 percent, and should drop below 7 percent for the first time in 15 years, according to a Colliers International quarterly report. The Chicago industrial market hasn’t absorbed so much industrial real estate since 2011.
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REALTOR Magazine
Highlights
- Commercial real estate (CRE) notched another year of growth in 2015, favored by continued macroeconomic growth and broadening capital markets.
- Commercial vacancy rates declined for the core property types. Availability is expected to continue contracting for office, industrial and retail properties in 2016.
- Vacancies for apartments are estimated to rise, due to gains in supply.
- Commercial rents have risen across the board, and are projected to advance this year in the 2.5 percent to 4.0 percent range.
- Lending conditions in REALTOR® markets notched another year of sustainable recovery. As CRE asset prices strengthened, financing and lending conditions improved in 2015.
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ICBR
This class counts toward the ICBR Commercial Certificate program.
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The Associated Press via News-Dispatch
Purdue University Airport's runways are the second-busiest in Indiana, but commercial flights aren't expected to return to the facility anytime soon, according to the airport's departing director.
The 20-year master plan for the airport doesn't make contingencies for commercial air service, airport director Betty Stansbury told the (Lafayette) Journal & Courier. And she doesn't think that will change after she leaves to become executive director of The Pitt-Greenville Airport in North Carolina.
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Indianapolis Business Journal
The craft brewery craze flooding the Indianapolis area with custom suds makers shows no signs of receding anytime soon.
The number of microbreweries is expected to top 50 by summer and has grown fivefold since 2009, when less than 10 existed, according to a new study from the CBRE real estate firm.
But CBRE's research not only shows how the breweries are helping to quench thirsty palates but also how they're bolstering the local real estate market.
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Join ICBR today!
The Indiana Commercial Board of REALTORS® is the only state-wide board in Indiana dedicated 100% to commercial real estate. ICBR delivers industry-specific educational opportunities, technology, tools and advocacy aimed at helping commercial real estate practitioners succeed as professionals.
Members of the Indiana Commercial Board of REALTORS® have access to a diverse network of more than 600 commercial real estate professionals serving the needs of commercial clients in aspects of brokerage, leasing, appraising, property management and development. ICBR believes 100 percent in your success! Find out more information about ICBR membership today, or contact the ICBR office via email or phone (317.328.5259) and mention this ad in Commercial Focus.
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