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Commercial Real Estate
Arizona project bankrupts local developer Bodner
June 11, 2011
Cory SchoutenBruce Bodner, a quiet but prolific local developer who in the late 1990s bought and revitalized two of downtown’s most
recognizable buildings, has filed for bankruptcy after making a doomed bet in Arizona.
MoreCity to roll out plan for 16th Street tech corridor
June 10, 2011
Francesca JaroszThe city of Indianapolis plans to announce a major initiative to turn a stretch of 16th Street northwest of downtown into
a hub for biotechnology and other high-tech companies.
MoreRenaissance Bay heads for sheriff's sale
June 7, 2011
Cory SchoutenA $150 million project that slammed head-first into the recession is slated for a sheriff's sale later this month.
MoreReal estate deals picking up around Fashion Mall
June 4, 2011
Cory SchoutenOwners of the Sheraton Indianapolis are converting one of its towers into luxury apartments, and developers are vying to replace
the vacant Woodfield Centre.
MoreMultiple tenants likely needed to plug Nordstrom hole
June 4, 2011
Greg AndrewsNordstrom occupies a staggering 210,000 square feet spread across three floors—60 percent more space than the Seattle-based
chain occupies at the Fashion Mall at Keystone and likely more than any single retailer would be willing to lease.
MoreBull-themed Cadillac Ranch takes over Music Mill
June 4, 2011
IBJ StaffNightclub Cadillac Ranch plans to open a location in the former Music Mill restaurant and concert venue on 82nd Street.
MoreWOJTOWICZ: Relief available for firms with falling real estate values
June 3, 2011
Jean WojtowiczNew law allows banks to refinance existing real estate and equipment debt through the U.S. Small Business Administration 504
loan program.
MoreShrunken Lauth emerges from reorganization
May 31, 2011
J.K. WallLauth Investment Properties, which holds the remains of the real estate empire of Lauth Group, has emerged from Chapter 11
bankruptcy, with about $25 million and a portfolio of properties valued at $35 million.
MoreNordstrom closing Circle Centre store
May 26, 2011
Cory SchoutenNordstrom plans to close its store at Circle Centre mall, dealing a substantial setback for downtown. The Seattle-based chain
was scheduled to announce the closure to employees at a mandatory staff meeting Thursday morning, a person familiar with the
plans told IBJ.
MoreCity Market set to oust 19-year tenant Enzo Pizza
May 25, 2011
Scott OlsonDirectors of the historic building have notified the pizza restaurant that it needs to have its equipment removed by the end
of the day on Friday after the two sides could not agree on a new lease.
MoreChildren's Museum holds key to Winona redevelopment
May 24, 2011
Kathleen McLaughlinThe Children’s Museum of Indianapolis is playing the role of lead developer for the abandoned Winona Hospital site.
MoreVeritas Realty owner sells stake to partner
May 24, 2011
Cory SchoutenVeteran developer Danny Marr has sold his stake in Indianapolis-based Veritas Realty to a partner and plans to work as a residential
real estate agent in Florida.
MoreSimon Property to develop outlet center in Canada
May 23, 2011
Associated PressIndianapolis-based Simon Property Group Inc. said Monday that it will open an outlet shopping center in Ontario, the first
of the shopping mall owner's line of Premium Outlets-brand shopping centers in Canada.
MoreCity proceeding with public safety complex at Eastgate
May 18, 2011
Scott OlsonCity-County Council grants approval for the city to enter into a 25-year lease with the owner of the former Eastgate mall
to take 76,000 square feet for a Regional Operations Center.
MoreFountain Square project to include concert venue
May 17, 2011
Tom HartonThe new owner of a 110-year-old building in the heart of Fountain Square is planning a renovation and expansion that will
turn it into a restaurant, bar and 450-seat music hall called Pioneer.
MoreNew laws affect commercial property owners
May 17, 2011
Tom HartonThree bills with implications for owners of commercial real estate were approved by the General Assembly and have been signed
by Gov. Mitch Daniels.
MoreZionsville residents disagree on commercial development
May 14, 2011
Francesca JaroszAfter property tax caps crimped local dollars in Zionsville and a school funding referendum failed, many residents have decided
it’s time to attract more commercial development. But they are tangled in a hot dispute over how to achieve that goal.
MoreNorthwest-side medical building facing foreclosure
May 12, 2011
The operator of the building at 8424 Naab Road near St. Vincent Hospital is accused of owing an Illinois investment firm $4
million.
MoreAnother setback for The Uptown as judge appoints a receiver
May 11, 2011
Cory SchoutenA Marion County judge has appointed a receiver to take control of three properties involved in a long-delayed redevelopment
proposal for College Avenue between 49th and 50th streets.
MoreEastgate redevelopment reaches crucial crossroads
May 10, 2011
Tom HartonLifeline Data Centers, which bought Eastgate in 2008, plans to invest $10 million into the property this year if the Department
of Public Safety moves forward with plans to lease 78,000 square feet.
MoreMen's store Jos. A. Bank plans downtown location
May 6, 2011
Cory SchoutenThe men's clothing chain Jos. A. Bank plans to open a new store at Meridian and Washington streets in a much-needed vote
of confidence for street-level retail downtown.
MoreKite Realty Trust reports wider first-quarter loss
May 6, 2011
IBJ StaffIndianapolis-based Kite Realty Group Trust on Friday reported a wider first-quarter loss than a year ago thanks to declining
revenue and a big dividend payment to preferred shareholders.
MoreAirport seeks broker to market ex-ATA HQ
May 5, 2011
Chris O'MalleyThe Indianapolis Airport Authority plans to hire a broker to market the 16.5-acre campus along Washington Street near Indianapolis
International Airport once used by ATA Airlines. It has been vacant for three years.
MoreEast-side apartment complex facing foreclosure
May 5, 2011
One West Bank in California says it is owed nearly $3.3 million, and is seeking to foreclose on Red Mill Apartments near East
38th Street and North Franklin Road.
MoreSchool moving to vacant downtown building
May 3, 2011
Tom HartonA small private school that serves gifted and talented students intends to move to a downtown building that has been vacant
since a daycare center moved out three years ago.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.