Commercial Focus
Mar. 5, 2015

Indianapolis office building sells
Inside Indiana Business
A Minnesota-based company has closed on a $14.3 million acquisition of an office building in Indianapolis. Cushman & Wakefield/Summit says College Park Plaza is designed for a company headquarters and is currently anchored by Republic Airways Holdings Inc.More

Help us find good neighbors in your community
REALTOR Magazine
Help us Find Good Neighbors in Your Community: REALTOR® Magazine is seeking nominees for the Good Neighbor Awards, which recognize REALTORS® who have made an extraordinary impact their communities through volunteer work. Five winners will be recognized at the 2015 REALTORS® Conference & Expo in San Diego and will receive travel expenses to attend the show and a $10,000 grant for their community cause. Volunteer work might include affordable housing initiatives, youth mentoring, homelessness prevention, or anything else that makes a community a better place to live. Entries must be received by May 15, 2015. For more information and an entry form, go to http://www.REALTOR.org/gna.More

Developer banking big on River Ridge
Inside Indiana Business
Commercial real estate developer America Place is acquiring more land at River Ridge Commerce Center in Jeffersonville. The company says heightened interest from employers looking to bring operations to the area led to the agreement to buy as much as 63 acres of additional land, including two million square feet of potential commercial space. More

Commercial markets poised for growth despite weaker global economy
National Association of Realtors
A stronger labor market and stable U.S. economy should keep commercial real estate demand on the rise, but the pace of growth will likely be hindered by overseas weakness, according to the National Association of Realtors® quarterly commercial real estate forecast. More

Wisconsin company buys Indianapolis building for $14 million
Inside Indiana Business
A historic building near Bankers Life Fieldhouse in downtown Indianapolis has been sold to an out-of-state property group. Wisconsin-based Hendricks Commercial Properties acquired the 1900s-era Century Building for nearly $14 million. More

FAA takes big step toward allowing drones
National Association of Realtors
The Federal Aviation Administration has proposed long-awaited rules that could give small commercial Unmanned Aerial Vehicles systems – more commonly referred to as "drones" – a lift off. The proposed rules limit the use of UAVs to those who receive certification for flying as well as includes guidance on the speed, height, and times of which they can be flown. More

The rules for representing your local business on Google Maps
NAR Commercial
It's monumentally important for any business open to the public to make sure it appears on Google Maps. It's such a big deal that property management and commercial leasing professionals are adding consulting and value-added services to help tenants get that critical chore accomplished. More

Due diligence in a hot commercial market
NAR Commercial
The character of commercial real estate markets all over the US has changed for the better in the past few quarters. Heightened volume means more deals and more competition, which adds up to extra time pressure on buyers. Particularly in the area of due diligence – also known as the research into a property before a purchase. More

Now available: NAR's official, new REALTOR® credit card
National Association of Realtors
I'm pleased to inform you that applications are now available for the new REALTOR® Credit Card, the official credit card of the NATIONAL ASSOCIATION OF REALTORS®. This unique card program was created through a partnership between NAR and REALTORS® Federal Credit Union, a Division of Northwest Federal Credit Union, to offer a new choice for credit for REALTORS®, Association staff and family members. The card will be offered through NAR's REALTOR Benefits® Program.More