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Commercial Real Estate
HHGregg's new push: Selling treadmills alongside TVs
September 1, 2012
Greg AndrewsThe appliance and electronics retailer is quietly launching a test of furniture and fitness equipment, with rollouts scheduled
for 31 of its more than 200 stores.
MoreEx-concrete plant to be razed for Greenwood nature area
August 31, 2012
Associated PressA former concrete plant in Greenwood faces the wrecking ball to make room for a wider road. The city plans to raze the former
Prairie Materials concrete plant so it can turn Worthsville Road into a major boulevard that can handle traffic from a planned
Interstate 65 exit.
MoreMajor Westfield development projects making progress
August 29, 2012
Scott OlsonSeveral big development projects planned for Westfield are under way or awaiting approval, but plans for a retail center at
U.S. 31 and 161st Street have been on the shelf for several years due to the economy and road construction.
MoreBell Techlogix landlord buys tech firm's new headquarters
August 28, 2012
Tom HartonPhiladelphia-based BPG Properties Ltd., which owns the building at 8888 Keystone Crossing that Bell is vacating, has purchased
Bell’s new headquarters at 4400 W. 96th St.
MoreInvestor urges General Growth to pursue being acquired by Simon
August 27, 2012
Bloomberg NewsBill Ackman’s Pershing Square Capital Management LP, the second-largest investor in General Growth Properties Inc.,
urged the mall owner to enter negotiations for a takeover by rival Simon Property Group Inc.
MoreNorth-side office building falls into foreclosure
August 27, 2012
A nearly 100,000-square-foot office building on East 46th Street in Indianapolis is in foreclosure after lenders found the
owner in default on a $4.5 million loan. A hearing to appoint a receiver to manage the property has been set for Sept. 5.
MorePotential for Simon-General Growth deal appears to dim
August 25, 2012
Bloomberg NewsGeneral Growth Properties' largest shareholder said it won’t pursue a takeover of the company and has no interest
in unloading its stake after investor Bill Ackman urged the mall owner to consider a sale.
MoreSoftware firm Interactive Intelligence needs more space
August 25, 2012
Chris O'MalleyThe call center software maker won’t comment on a report issued earlier this month by Jones Lang LaSalle that said the
company is shopping for more than 225,000 square feet of office space.
MoreRatio Architects pursues design work in China
August 25, 2012
IBJ StaffIndianapolis-based Ratio Architects Inc. has signed an agreement with Zhejiang University Design Institute in Hangzhou, China,
in an attempt to pursue design work in the country.
MoreTech companies converge in Warehouse District
August 25, 2012
Chris O'MalleyRight On Interactive next month plans to move its 30 employees from 5,000 square feet at 136 E. Market St. to about 7,000
square feet on the second floor of Allen Plaza, the luxury condo complex at 1 Virginia Ave.
MoreSimon again considering acquisition of shopping mall rival
August 24, 2012
IBJ Staff and Bloomberg NewsOne of General Growth Properties Inc.'s largest shareholders says Indianapolis-based Simon Property Group has discussed
acquiring the Chicago-based shopping mall competitor.
MoreHistoric Market Street building gets new owner
August 21, 2012
Tom HartonThe Corydon Group bought 125 W. Market St. Aug. 2 and will occupy the 4,200-square-foot top floor of the three-story building
after renovations are finished in early November.
MoreLocal developer buys 50 acres in Intech Park
August 17, 2012
Scott OlsonAce Commercial Development plans to construct a build-to-suit development for an undisclosed client on the highly visible
property. Real estate sources say the client is locally based Heritage Environmental Services LLC.
MoreTroubled Di Rimini apartment building closer to opening
August 15, 2012
Scott OlsonA controversial downtown Indianapolis apartment building that never opened due to severe design deficiencies is a step closer
to being ready for tenants after city officials granted the project’s new owner a zoning variance.
MoreICVA eyes funds from sale by CIB of downtown's Ober building
August 14, 2012
J.K. WallThe Capital Improvement Board wants to plug a $2 million funding hole that will open up next year for the Indianapolis Convention
& Visitors Association with the expiration of a $5.9 million grant from the owner of the JW Marriott hotel downtown.
MoreIndiana Landmarks still trying to save pre-Civil War home
August 14, 2012
Tom HartonThe Cotton-Ropkey House was built in 1850 and features Greek Revival and Italianate features, including six-over-six windows,
walnut floors and crown moldings.
MoreSuper Bowl bid might spur new downtown hotel
August 11, 2012
Anthony SchoettleDowntown is short of the four- and five-star hotel rooms preferred by National Football League sponsors and partners for a
2018 Super Bowl host, but local tourism officials are hesitant to add more hotel space just to secure a second Super Bowl.
MoreDevelopers taking serious look at former GM site
August 9, 2012
Kathleen McLaughlinAt least six reputable developers, both local and national, have toured the former General Motors plant near downtown Indianapolis
since it closed last year, according to an official trying to market the property. Of those, two are taking a serious look.
MoreParking-garage connectors receive city approval
August 9, 2012
The Metropolitan Development Commission's plat committee has given local developer Flaherty & Collins Properties the go-ahead
to include two upper-level pedestrian connectors in its plan to build a five-story parking garage downtown. The garage is
part of a larger, $85 million development.
MoreCentre Properties retail center hit with $7M foreclosure suit
August 9, 2012
Scott OlsonIndianapolis-based developer Centre Properties is the target of another foreclosure suit, this one involving Pyramid Place
Shoppes, a retail center in a busy shopping area on the city's northwest side.
MoreSimon Property directors sued over CEO’s pay
August 8, 2012
Bloomberg NewsThe board of the largest U.S. shopping-mall owner wrongfully authorized a compensation package for CEO David Simon that included
$120 million in special stock awards, a Louisiana pension fund claimed in the lawsuit filed Wednesday.
MoreFive in the running to manage City-County Building
August 8, 2012
Kathleen McLaughlinIndianapolis Mayor Greg Ballard’s office is reviewing proposals from five commercial property managers that want a crack
at running the City-County Building for the next 30 years.
MoreIndianapolis hotels see sharp increases in room revenue
August 7, 2012
Scott OlsonThe Indianapolis hotel market is poised to record a 10.8-percent increase in revenue per available room in 2012, according
to projections from PKF Consulting. The city's hosting of the Super Bowl gave the market a huge, early lift.
MoreCity to consider connectors for downtown garage
August 6, 2012
Scott OlsonThe developer of a five-story parking garage downtown is seeking city approval to build two upper-level pedestrian connectors
to offer easier access to the garage, especially for employees of nearby OneAmerica Financial Partners Inc.
MoreStar's labyrinth of aging buildings complicates sale, reuse
August 4, 2012
Cory SchoutenLocal real estate pros say finding a reuse for the Indianapolis Star's HQ will be tricky. The newspaper is selling
its labyrinth of buildings at 307 N. Pennsylvania St., which have multiple floor levels, narrow hallways and a basement built
to house printing presses.
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These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.
The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)
As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.
The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.
I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.