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Bankruptcy
Report: Brookfield plans bid for Simon target General Growth
February 23, 2010
Bloomberg NewsBrookfield Asset Management Inc. plans to bid for a stake in General Growth Properties Inc., beating an offer by Indianapolis-based
Simon Property Group Inc. for the bankrupt shopping mall owner, the Wall Street Journal reported.
MoreJudge places Fair Finance into bankruptcy
February 19, 2010
Greg AndrewsA federal trustee will take control of the company's assets while securities-fraud probes continue.
MoreBanks suing Broadbent, pushing one strip center into bankruptcy
February 13, 2010
Peter SchnitzlerLocally based Broadbent Co.’s legal battles with lenders have escalated, pushing one of its 34 strip malls into bankruptcy
and prompting Huntington National Bank and PNC Bank to sue to collect principal owed on loans tied to four more.
MoreShareholders in bankrupt Accuride pursuing loan
February 9, 2010
Bloomberg NewsAccuride shareholders are trying to arrange a $400 million loan to fund the Evansville company’s exit from bankruptcy.
MoreLender alleges Lauth insiders backdated loan documents
January 16, 2010
Cory SchoutenThe largest creditor for Lauth Group Inc. has asked a bankruptcy judge to appoint a trustee after evidence in a related case
suggested Lauth insiders may have backdated documents to thwart creditors.
MoreHousing meltdown claims at least one homebuilder
December 26, 2009
Scott OlsonTwo more local homebuilders fell victim in 2009 to the prolonged meltdown of the housing market. Carmel-based
C.P. Morgan Communities LP closed in February, and Indianapolis-based Hansen & Horn Group Inc. is teetering on the edge
of bankruptcy.
MoreRadio giant Citadel files for bankruptcy protection
December 21, 2009
IBJ Staff and Associated PressLas Vegas-based Citadel Broadcasting, which owns three radio stations in Indiana, filed for Chapter 11 bankruptcy protection
on Sunday in an effort to restructure its hefty debt load.
MoreRemnants of failed Premier Properties finally hit market
November 21, 2009
Cory SchoutenCB Richard Ellis recently began marketing the most prominent of Premier Properties’ local properties, Metropolis. The
Venu site
at the southwest corner of East 86th Street and Keystone Avenue also is up for grabs.
MoreFailed jewelry retailer to sell millions in inventory
November 16, 2009
Greg AndrewsAn old-line Indianapolis jewelry business has shut down, setting the stage for the sale of millions of dollars in remaining
inventory through auctions planned in Indianapolis, Chicago, Miami and Naples, Fla.
MoreFailed Charlotte skyscraper brings Indianapolis developer back to earth
November 7, 2009
Greg AndrewsThe Flaherty & Collins project—dubbed 210 Trade—would have been the tallest residential building in the Carolinas,
with more floors
than any building in the region except the Charlotte headquarters of Bank of America Corp.
MoreIrwin Financial files for bankruptcy liquidation
September 21, 2009
Peter SchnitzlerColumbus-based Irwin Financial Corp. has filed for Chapter 7 bankruptcy, setting the stage for the liquidation of the remaining
assets of the troubled banking company.
MoreDeveloper Lauth's bankrupt units win round in court
September 5, 2009
Cory SchoutenLauth Group Inc. in recent weeks has won critical courtroom victories that likely will allow company principals
to retain control of three subsidiaries in Chapter 11 bankruptcy.
MoreLauth Group's collapse offers a lesson in hubris
August 17, 2009
Greg AndrewsSince key Lauth Group subsidiaries landed in bankruptcy in May, the company has described its misfortune almost as if it
were an act of God.
MoreAccuride warns of bankruptcy, reports loss
August 6, 2009
Scott OlsonEvansville-based truck parts maker Accuride Corp., one of the state's largest companies, warned
today in its quarterly financial report that the company might seek bankruptcy protection if lenders refuse to restructure
its debt.
MoreLauth's lawyers raking in big fees in bankruptcy reorganization
July 20, 2009
Cory SchoutenDeveloper Lauth Group Inc. is sparing no expense on attorneys in the Chapter 11 reorganization of key subsidiaries. The company
has hired two of the nation’s most prominent bankruptcy and restructuring specialists to handle
the cases, and the bill for the first month easily will exceed $1 million.
MoreJudge to determine whether Lauth's filing was proper
June 22, 2009
Cory SchoutenThe largest outside investor in embattled developer Lauth Group Inc. is asking a federal judge to dismiss the company's bankruptcy
cases.
MoreIndiana logs more complaints against collectors as pressure mounts to make debtors pay up
June 1, 2009
Sam StallA lot of people owe money these days, and some of the agencies hired to pursue them are resorting to old- school tactics to
collect. Things like calling at all hours, threatening to have debtors jailed or fired, or employing abusive language.
MoreLauth granted reprieve
May 25, 2009
Cory SchoutenA judge has given Lauth Group Inc. a reprieve from an equity investor that is seeking to take control of most of the developer's
properties.
MoreBankrupt firm's creditors unlikely to rubber-stamp sale
May 18, 2009
Greg AndrewsNorwood Promotional Products Inc. suggests it's positioned to sail through bankruptcy, thanks to a pending-sales agreement.
But creditors, owed nearly $300 million, are expected to balk.
MoreActivist shareholder makes case against Conseco's board
May 11, 2009
J.K. WallAn activist shareholder vying to become a director of Conseco Inc. says the insurance company's board "completely misjudged"
the risks it faced when it emerged from bankruptcy in 2003 and hasn't recovered since. Now an independent shareholder advisory
firm is siding with him.
MoreLauth needs financing, real-estate recovery to emerge from bankruptcy
May 11, 2009
Cory SchoutenThe 32-year-old developer Lauth Group Inc. likely will survive in some form if the company can find financing to get it through
a Chapter 11 reorganization and if the real estate market doesn't take too long to turn around, experts said.
MoreStruggling contractors hope for sale of factory
March 9, 2009
Kathleen McLaughlinContractors struggling under the weight of an unfinished factory in Tipton are hoping for a quick sale to recover at least
some of the $44 million they say they're owed by Getrag Transmission Manufacturing.
MoreHHGregg vying to win customers of Circuit City
February 9, 2009
Scott OlsonCompany officials think HHGregg is well-positioned to fill the void that Circuit City Stores Inc. will leave when its stores
are closed.
MoreHigh-flying Premier Properties crashes
December 29, 2008
Cory SchoutenThe founder of local real estate firm Premier Properties USA Inc. saw his company falter this year and faced three felony
charges in connection with its downfall.
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It's also across the street from Fogo de Chao and Morton's....
Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
David Copperfield! I remember watching his specials on TV when I was little.
Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.