The biggest names in the Indianapolis-area commercial real estate market gathered at the city’s Columbia Club May 16 for Midwest Real Estate News’ Indianapolis Commercial Real Estate Summit and awards ceremony.
The day featured panel discussions from Indianapolis’ CRE leaders about the state of the multifamily, office, industrial and retail sectors. Panelists also spread the word about game-changing new developments hitting the Indianapolis market, and focused on what they said will be a brighter future in the coming months.
The event ended with celebration. That’s because Midwest Real Estate News handed out its Indiana Commercial Real Estate Awards honoring those lenders, brokers, developers, contractors and others who made a positive impact in the state’s real estate business last year.
You can see a complete list of nominees here. But this year’s winners are:
- Developer of the Year: Ambrose Property Group.
- Broker of the Year: Joseph DiSalvo, Marcus & Millichap
- General Contractor of the Year: Compass Commercial Construction Group, LLC
- Emerging Leader of the Year: Sarah Walker, Zeller
- Property Management Company of the Year: Cornerstone Companies, Inc.
- Executive of the Year: Andy Mallon, Capital Improvement Board
- Property Manager of the Year: Erin Jones, Zeller
- Woman of the Year: Kristin Hornberger, Cornerstone Companies, Inc.
Megan Vukusich, Director of the Department of Metropolitan Development of the City of Indianapolis, kicked the summit off with her keynote statement, one that focused on the bright future for development in the city.
Speakers on the Apartment Market Update & Forecast: Opportunities & Challenges panel focused on the continuing resilience of the local multifamily market. Demand from renters remains high. And while investment sales have slowed thanks to higher interest rates, panelists said that the fundamentals of the Indianapolis apartment market remain strong. Speaking on the panel were Sarah Hempstead, Principal & CEO, Schmidt Associates; Austin Dumas, Director of Acquisitions, Lauth Group, Inc.; Brian Shelbourne, VP, Originations, Merchants Capital; Jana Hageman, President, T&H Investments; and Cam Benz, First Vice President, CBRE.
Participants in the Indianapolis Market Sector Update panel focused on the challenges and opportunities facing the office, retail, industrial, investment, construction, healthcare and finance sectors. The takeaway? Yes, these are challenging times. But Indianapolis remains a desirable CRE market, signaling that better times are on the way. Speakers included Traci Kapsalis, Executive Vice President, JLL; Christopher Engel, Partner, Taft; Matt McGrady, Senior Vice President, Industrial, Colliers; Matt Ambrose, Director, District Capital; Keith Stark, CEO/Founder, ConsortiumCRE; Ben Cohen, VP, Brokerage, Cornerstone; and Jared Laub, COO, Compass.
The Transformation & Development of Downtown and Suburban Markets panel focused on game-changing projecs taking place in both downtown Indianapolis and its surrounding communities. Speakers on this panel were Andrew Mallon, Executive Director, Capital Improvement Board; Brock Kenyon, Vice President, SomeraRoad; Kiamesha Sylvia G. Colom, Partner, Taft; Lance Evinger, Vice President of Acquisitions and Dispositions, Hendricks Commercial Properties; and
John Cohoat, V.P. of Development, Patch Development.
Broker of the Year winner Joseph DiSalvo.
Developer of the Year winner Ambrose Property Group.
Emerging Leader of the Year winner Sarah Walker from Zeller.
General Contractor of the Year winner Compass Commercial Construction Group.
Property Management Company of the Year winner Cornerstone Companies, Inc.
Property Manager of the Year winner Erin Jones from Zeller.
Woman of the Year Winner Kristin Hornberger from Cornerstone Companies.
