BURNS HARBOR – Traditions, the state’s first green-certified apartment complex, has opened. The complex was developed by In Good Company and is part of The Village, an award-winning, green housing development. Michael Sakich, managing partner of In Good Company, said the complex received green certification from the National Association of Home Builders. The complex has […]
LAPORTE – A 137-acre expansion of Thomas Rose Industrial Park has been dedicated by Gov. Mitch Daniels. The new area has room for 1.2 million square feet of industrial space. The expansion site is served by Norfolk Southern and South Shore Freight railroads. LaPorte Mayor Blair Milo said developer Space Center has plans for nine
SOUTH BEND – Holladay Properties and an anonymous partner have acquired the 539,137 square foot AJ Wright building on South Bend’s west side. Holladay will operate the building and handle all leasing and sales. The building will be known as the Interstate 80 Commerce Center. Holladay, based in South Bend, also operates the Ameriplex at
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Surviving the downturn in construction and real estate. by Bob Kronemyer Weathering the devastating economic downturn and subsequent anemic growth cycle has not been easy for most industries, but the construction and real estate sector has been particularly hit hard. To survive, several regional firms have sharpened their pencils through downsizing and concentrating on strategic
SOUTH BEND – The St. Joseph County Board of Zoning Appeals has approved a development project for South Bend’s West Side that will result in $2 million in improvements to the Martin’s Plaza on Western Avenue. A new roof will be added to the building, along with a new façade, new signs and new lighting.
INDIANAPOLIS – Pollina Corporate Real Estate of Park Ridge, Ill., recently completed a study assessing the economic climate in 32 states and Indiana was rated fifth best in the U.S. The Indiana Economic Development Corp. said Indiana’s pro-business climate was the reason, including the passage of right-to-work legislation this past session by the General Assembly.
SOUTH BEND – Efforts to sell the 25-story Chase Tower in downtown South Bend have moved ahead with a vote by the City Council on a resolution making the sale a top priority for the city. The building is owned by Huntington Bank, which told the council it has selected a bidder for the building.
SOUTH BEND – Toscana Park, under the new ownership of Great Lakes Capital Development, continues to transform and develop into a mixed-use retail shopping center. Regina Emberton and John Mester of CBRE/Bradley represent Great Lakes Capital. The center is now home to Tui Sei Bella, a dace fitness studio, and Progressive Insurance. They join existing
SOUTH BEND – Efforts to sell the 25-story Chase Tower in downtown South Bend received a blow when the building’s largest tenant announced it was moving out. The Summit Club, which has been a tenant since 1971, closed, laying off 25 people. The building, which has been marketed for anywhere from $15 million to $25
SCHERERVILLE – Plaza 833, a 115,443-square-foot office building at U.S. 30 and U.S. 41, is up for sale. Sheldon Good & Co. of New York will conduct the sale. The building was erected in 1973 and was expanded in 1981. It is currently 61 percent leased to a variety of tenants. “Schererville’s close proximity to
