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Text Version   RSS   Subscribe   Unsubscribe   Archive   Media Kit         May 01, 2014


 



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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Flurry of renovations upgrade downtown Indianapolis hotel scene
Indianapolis Business Journal
Since the JW Marriott opened in early 2011, nine downtown Indianapolis hotels have invested more than $70 million in renovations and upgrades. But, while the 1,005 room JW — the largest hotel in Indianapolis — certainly pressured competitors to keep up, a host of other reasons led to the bonanza of upgrades. Key among those has been pent-up demand following the Great Recession.
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Report points to strengthening state economy
Inside Indiana Business (press release)
A BMO Economics report suggests economic activity in Indiana will rebound in 2014. It also points to positive job growth as the auto-sector continues to bounce back. The report from the unit of BMO Financial Group also indicates a drop in the state foreclosure rate and a significant jump in housing starts.
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RE/MAX launches Southern Indiana franchise
Louisville Business
RE/MAX of Indiana has opened an office in New Albany. Broker-owners Michelle Warford and Stephanie Prather signed on as the franchisee in February after leaving Keller Williams Realty. Warford and Prather left Keller Williams to work with RE/MAX to become broker-owners of a franchise.
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Indianapolis downtown continues to draw development
Inside Indiana Business (press release)
Construction on an $11 million mixed-use development in downtown Indianapolis is set to begin next month. Indianapolis-based Deylen Realty Inc. says SLATE, which will include nearly 70 apartments and close to 10,000 square-feet of retail space, is expected to be complete next summer.
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Broad Ripple landmark has new owner
Indianapolis Business Journal
A landmark building in the heart of Broad Ripple has a new owner that’s seeking tenants for the historic brick structure. Monon Housing Partners LLC bought what’s known as Mustard Hall near the southeast corner of Broad Ripple and Guilford avenues. Built around 1920, the 12,000-square-foot building at 6235 Guilford Ave. originally housed a Masonic Lodge and later a bank. The building, which in recent years housed the Tru nightclub, has been vacant since the departure of Buffalo Wild Wings Grill & Bar last year.
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2 downtown office towers poised to get new asset manager
Indianapolis Business Journal
Two of downtown’s largest office buildings soon could have new asset managers following a shakeup at the publicly traded real estate investment trust that owns them. The 1.1-million-square-foot Chase Tower and 649,500-square-foot PNC Center are both owned by suburban Boston-based CommonWealth REIT, which was the target of an investor campaign that led to the ouster of its board in March.
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Lending for small businesses picks up in Indiana
The Associated Press via Princeton Daily Clarion
The owners of gluten-free bakery Ceres’ Basket felt apprehensive when they arrived at a local bank branch seeking a loan to buy a building for a store in Carmel. “We were 100 percent ready for a rejection,” said Virginia Fistrovich, who owns the business with Shana Kelso. “We really thought, when we sat down, they were going to laugh us out of there.”
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City predicts rising property values around justice center
Indianapolis Business Journal
Mayor Greg Ballard’s deputies predict that a new justice center will have a positive impact on near-west-side property values. It might be counterintuitive to imagine climbing property values in the vicinity of a 3,600-bed detention facility. And to be sure, most of the studies cited by the Mayor’s Office conclude that jails are neutral in their impact on neighborhoods.
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Commercial Focus
Colby Horton, Vice President of Publishing, 469.420.2601
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Lauren Swan, Content Editor, 202.684.7496  
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