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Text Version   RSS   Subscribe   Unsubscribe   Archive   Media Kit         April 17, 2014


 



Indiana Commercial Real Estate Conference registration now open
ICBR
More than 300 commercial real estate professionals are expected to gather in Indianapolis for the 2014 Indiana Commercial Real Estate Conference, June 19-20. Hosted by the Indiana Commercial Board of REALTORS® (ICBR), the annual conference offers a full-day of education, allowing brokers the opportunity to earn all required continuing education units (CEUs) in one day with multiple breakout sessions. Professionals can expand the conference experience with a day of networking June 19. Options include the 3rd Annual ICBR Golf Outing at Hillcrest Country Club or 2nd Annual Sporting Clay Fun Shoot at the Indiana Gun Club with a cocktail reception to follow at Hillcrest CC. Register today.
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Nominate someone for the ICBR REALTOR® of the Year Award
ICBR
Nominate a REALTOR® member of ICBR that you feel deserves to be recognized at the upcoming Indiana Commercial Real Estate Conference as the 2014 ICBR REALTOR® of the Year. Return the form to the ICBR office by May 25, for consideration.
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Industrial space magnet: Indianapolis one of 5 hottest markets in nation
Indianapolis Star
With the economy looking up, Bob Smietana decided last year to move forward with his company's first industrial project in the Indianapolis market since the recession. Chicago-based HSA Commercial is building a $7 million, 220,000-square foot speculative warehouse project in Plainfield, near Indianapolis International Airport, and Smietana believes the market is strong enough to lure tenants after the project opens.
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CBRE: It was a good quarter for commercial real estate
Mortgage Orb
The U.S. commercial real estate market continued to recover steadily in the first quarter of the year, according to the latest analysis from commercial real estate services and investment firm CBRE Group Inc. "Real estate fundamentals continued to improve, despite the harsh winter weather in the initial months of 2014," says Jon Southard, managing director of CBRE's econometric advisors group. "Sentiment suggests that companies are looking forward to future demand and beginning to respond with expansion plans."
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Chicago firm enters local industrial market with 2 big deals
Indianapolis Business Journal
A Chicago firm’s decision to spend more than $40 million to buy 21 distribution buildings on the northwest side further illustrates the strength of the Indianapolis area’s industrial market. CrossLake Partners, a joint venture between principals of Colliers International’s Chicago office and a Windy City real estate investment firm, bought the buildings earlier this month in two transactions.
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Simon Property wins dismissal of CEO pay suit
Bloomberg News via Indianapolis Business Journal
Simon Property Group Inc., the biggest U.S. shopping-mall owner, won’t have to face a lawsuit claiming it improperly barred investors from voting on an executive-pay plan that yielded a $120 million stock award to CEO David Simon. Delaware Chancery Court Judge Travis Laster in Wilmington backed the company’s arguments that a shareholder suit by a Louisiana pension fund should be thrown out because Simon officials agreed to change the compensation plan it targeted.
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Time Equities makes $9.5 million acquisition of its first retail property in Indiana
Commercial Property Executive
In a $9.5 million deal, Time Equities Inc. of New York has acquired the Shadeland Station shopping center on the north side of Indianapolis. A joint venture between Westchester, Illinois-based Tri-Land Developments Inc. and an affiliate of Equity Group Investments was the seller of the approximately 105,000-square-foot property, the Indianapolis Business Journal reports.
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Approval for $22 million sports complex sought in Greenwood
The Associated Press via Indianapolis Business Journal
A Florida company is planning to build a $22 million hotel and indoor sports complex near an Interstate 65 interchange in Greenwood once targeted for a Cabela’s sporting goods store. The project by Sarasota-based GoodSports Enterprises would include a 124-bed hotel and an attached 85,000-square-foot fieldhouse with six full basketball courts, 12 volleyball courts and bleacher seating for 600 spectators. A fitness center, restaurant and bar also are part of the plans.
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Lender bids $26 million to take over Indiana Limestone Co.
The Associated Press via Indianapolis Business Journal
An investment firm is offering $26 million to take over an Indiana company that supplied limestone to the Empire State Building, the Pentagon and other iconic buildings. A bankruptcy court auction for Indiana Limestone Co. that had been set was called off after a subsidiary of suburban Chicago firm Wynnchurch Capital was the only party that expressed interest in bidding, The Herald Times of Bloomington reported.
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Study finds Indiana residents paying more in taxes
The Associated Press via News and Tribune
A national study found that Indiana residents have paid an increasing percentage of their income on state and local taxes at the same time their average income was shrinking. The study by the conservative Tax Foundation think tank found Indiana taxpayers shelled out 9.5 percent of their incomes in state and local taxes in 2011. That’s up from 8.4 percent a decade earlier, The Indianapolis Star reported.
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Dora Brothers affiliate loses downtown hotel in bankruptcy
Indianapolis Business Journal
An affiliate of Dora Brothers Hospitality Corp. in Fishers has exited bankruptcy reorganization after giving up ownership of the downtown Comfort Suites City Centre hotel. Dora Brothers, through Warsaw Hotel Partners LLC, opened the hotel at 515 S. West St., near Lucas Oil Stadium, in 2008. Four years later, in February 2012, Warsaw Hotel Partners filed for Chapter 11 bankruptcy reorganization, listing assets of $6.8 million and liabilities of $12.1 million.
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Colby Horton, Vice President of Publishing, 469.420.2601
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