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H&R REIT Agrees to Sell $633 Million U.S. Retail Portfolio
Pictured: A Home Depot in Strongsville, OH, one of 63 retail properties H&R REIT is expected to sell this June in a $633 million deal.Toronto-based H&R Real Estate Investment Trust said Monday it has entered into an agreement to sell 63 retail properties...

Invesque Enters Development Partnership with Indiana Healthcare Real Estate Company
Toronto-based Invesque Inc. said Monday it has signed a development partnership with Carmel, IN-based Ellipsis Real Estate Partners that will immediately yield five new projects. Invesque is building a diversified portfolio of income-producing healthcare...

Flats at Fishers Marketplace Sells to New York Investors
The 306-unit Flats at Fishers Marketplace apartment complex at 9588 Ambleside Dr. in Fishers, IN Last November, New York-based The Lightstone Group acquired the upscale, 306-unit apartment complex, Flats at Fishers Marketplace, for $36.85 million...

Rainier, CIL2 Pay $32.8M for Stony Creek Marketplace
Stony Creek Marketplace at 17015-17177 Mercantile Blvd. in Noblesville, IN A joint venture between The Rainier Cos. and CIL2 REIT, managed by Continuum Investments, purchased a 204,800-square-foot shopping center in Noblesville, IN from Oak Brook,...

Carl Icahn Cashing in His Chips on Tropicana Entertainment, Collecting $1.85 Billion
Tropicana Atlantic City Icahn Enterprises agreed to sell its majority-owned subsidiary, Tropicana Entertainment Inc., for a total price of $1.85 billion. The deal will see Tropicana's real estate go to Gaming and Leisure Properties Inc. and its gaming...

Granite Picks Up 597,000 SF Plainfield Warehouse for $39.3M
Granite (NYSE: GRP.U) acquired a 597,100-square-foot warehouse in Plainfield, IN from Browning Investments, Inc. for $39.3 million, or about $66 per square foot. The warehouse, located at 3870 S. Ronald Reagan Pky., is the Toronto-based REIT’s third...

Special Announcement: CoStar Power Broker Award Winners Named in Indianapolis
The top-performing commercial real estate firms and brokers in Indianapolis in 2017 were recognized as winners of the annual CoStar Power Broker Awards. Now in its 17th year, the awards recognize those who perform at the highest levels in commercial real...

Red Development Acquires Jefferson Pointe in Fort Wayne
Phoenix-based Red Development purchased the Jefferson Pointe lifestyle center in Fort Wayne, IN from Miller Capital Advisory, Inc. The price of the sale was not disclosed. Built in 2000, Jefferson Point totals 407,363 square feet and is located on...

Tempus Realty Partners Pay $16.4M for 181,000-SF College Park Plaza
Tempus Realty Partners acquired the 180,637-square-foot College Park Plaza at 8909 Purdue Rd. in Indianapolis from Onward Investors. The asset traded for $16.35 million, or about $91 per square foot. Onward Investors originally acquired the property...

JLL Taps Broderick to Lead Indianapolis Office
JLL appointed Adam Broderick (pictured, left) as head of its Indianapolis office. Broderick joined JLL nine years ago and since has made contributions to the development of the Indianapolis Investor Services team. The team is responsible for more than...

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