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Premier Properties
Feds sue developer Premier over raid on retirement accounts
December 1, 2010
Cory SchoutenExecutives of defunct Indianapolis developer Premier Properties USA Inc. are negotiating to settle a lawsuit brought by the
U.S. Department of Labor that claims the company raided employee retirement accounts in a last-ditch bid to save itself in
early 2008.
MoreMetropolis mall purchased by Israel firms
August 30, 2010
Aviv Arlon Global Ltd. pays $52 million for shopping center, which was in court-appointed receivership. Former real estate
firm Premier
Properties USA Inc. developed Metropolis, with an investment of $160 million.
MoreBank trying to sell former home of Premier Properties founder
August 3, 2010
Cory SchoutenA Lake Clearwater mansion formerly owned by Premier Properties founder Christopher P. White is up for sale with an
asking price of $1.48M.
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.
MorePremier Properties founder gets home detention for fraud
November 18, 2009
Cory SchoutenA judge on Wednesday afternoon sentenced Christopher P. White to one year on home detention and three years of probation in
connection with a $500,000 bad check he wrote last year as he tried to save his real estate development firm, Premier Properties
USA Inc.
MoreBREAKING: Jury finds Premier's White guilty
August 18, 2009
Cory SchoutenA Marion County jury this evening found Christopher P. White guilty of three Class C felonies related to a $500,000 bad check
he wrote last year in a last-ditch attempt to save his locally based development firm, Premier Properties USA Inc.
MoreDeveloper's fraud trial enters second day
August 18, 2009
Cory SchoutenMarion County prosecutors this morning began making their case that Christopher P. White knowingly wrote a bad check for $500,000
last year in a desperate attempt to save his Indianapolis-based development firm, Premier Properties USA Inc.
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.
MoreHundreds turn out for White auction
August 11, 2008
More than 1,000 people from nine states attended an auction Saturday of hundreds
of items seized from Christopher P. White, the founder of bankrupt developer Premier Properties USA Inc.
MorePremier's White taken into custody, posts bond
June 26, 2008
Cory SchoutenPremier Properties USA Inc. founder Christopher P. White was taken into police
custody early this morning and released after he posted bond.
MoreBREAKING: Premier's White charged with 3 felonies
June 16, 2008
Cory SchoutenThe Marion County Prosecutor's Office on
Monday filed three felony charges against Christopher P. White, the founder of bankrupt development firm Premier Properties
USA Inc.
MoreTrustee working to determine Premier assets
June 11, 2008
Cory SchoutenA bankruptcy trustee is planning an auction of Premier Properties USA Inc.'s
remaining office furniture while struggling to get a handle on what other assets remain for the defunct developer.
MoreBoberschmidt appointed Premier trustee
June 2, 2008
Chip CutterPhilip Boberschmidt of the downtown law firm of Boberschmidt and Powers has
been appointed trustee to oversee liquidation of Premier Properties USA - a task that begins today.
MorePremier Properties to be liquidated
May 30, 2008
Chip CutterA judge reclassified the bankruptcy status of Premier Properties USA today,
clearing the way for a U.S. trustee to take hold of the company and begin selling its assets.
MoreTrustee to intervene in Premier bankruptcy
May 12, 2008
Cory SchoutenThe U.S. Trustee's office plans to file a motion to intervene in a Chapter 11
bankruptcy case brought by Premier Properties USA Inc. because the development firm is insolvent.
MoreCriminal charges possible in Premier blowup
April 28, 2008
Cory SchoutenAuthorities are considering pursuing criminal charges against Christopher P. White and other executives at Premier Properties
USA Inc. in connection with deepening troubles at the local development firm, sources familiar with the matter told IBJ.
MoreEmergency hearing scheduled for Premier
April 25, 2008
Cory SchoutenA U.S. bankruptcy judge has scheduled an April 28 emergency hearing over Premier Properties USA Inc.'s refusal to turn over
records
concerning its retail properties including Metropolis mall in Plainfield.
MorePremier Properties retreats into bankruptcy
April 24, 2008
Cory SchoutenPremier Properties USA Inc. filed for bankruptcy protection yesterday, narrowly avoiding the appointment of a receiver to
take control of the troubled Indianapolis company.
MorePremier Properties auction attracts no bids
April 17, 2008
J.K. WallNo bids were submitted today at an auction for control of 10 properties owned by Indianapolis-based Premier Properties USA
Inc., the financially troubled development company run by Chris White.
MoreBREAKING: Lender to sell Premier properties
April 9, 2008
Cory SchoutenAn auction this month could strip locally based
Premier Properties USA Inc. of most of its real estate holdings.
MorePremier lays off workers as lawsuits, debt pile up
April 7, 2008
Cory SchoutenPremier Properties USA Inc. has eliminated about half its headquarters staff—more than 40 employees—as banks seize
several of its properties and CEO Christopher P. White faces a barrage of new lawsuits alleging unpaid bills, defaulted loans,
illegally redirected rent payments and check fraud.
MorePremier Properties lays off workers as lawsuits, debt pile up
April 7, 2008
Cory SchoutenPremier Properties USA Inc. has eliminated about half its headquarters staff--more than 40 employees--as banks seize several
of its properties and CEO Christopher P. White faces a barrage of new lawsuits alleging unpaid bills, defaulted loans, illegally
redirected rent payments and check fraud.
MoreCreditor pursues troubled Premier's property
March 10, 2008
Cory SchoutenWachovia Bank has begun foreclosure proceedings on one of Premier Properties USA Inc.’s most prized developments,
a giant Ohio lifestyle center anchored by Target and J.C. Penney.
MoreCreditor pursues Premier property
March 10, 2008
Cory SchoutenWachovia Bank has begun foreclosure proceedings on one of Premier Properties USA Inc.'s most prized developments, a giant
Ohio lifestyle center anchored by Target and J.C. Penney. The Charlotte, N.C.-based bank also is foreclosing on a vacant former
Wal-Mart store in front of Premier's Metropolis mall in Plainfield.
MoreMemo: Unpaid contractors demanding payment from Premier Properties
January 28, 2008
Cory SchoutenPremier Properties USA Inc. is scrambling to keep up with bills for basic services including snow removal,
security and interior design—more signs of financial troubles for the developer of Metropolis in
Plainfield and the proposed Venu project in Indianapolis.
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"And the success of the Indiana GOP to not allow an expansion of Medicaid had nothing to do with Indiana hospitals' financial woes? Fixed that for you; editorial bias rebalanced. Seriously, there are so many things wrong with Obamacare that the only way one can view it as a success is to assume that it was designed to fail our way into a government single payor healthcare system. The system is complex, creates huge regulatory burdens and overhead and yet still does not have adequate means to control escalating health care costs. But then when you elect a 10th grade math drop out with no quantitative reasoning skills to be President of one of the world's most important economies in troubled times, you can't really be surprised by blatant stupidity.
No NIMBYs here to chase off a decent development. We don't need tons of parking and we'd happily play the role of host to a downtown Whole Foods.
Whatever you do, don't change a single thing about Broad Ripple. I want it to look just like it did in the late '70s, with 30% of the north side of Broad Ripple Avenue burned out and plenty of places to park. That's right Broad Ripple, NEVER CHANGE. Let the world pass you by, don't improve your empty, abandoned lots full of weeds. Someday someone will want to film a zombie movie here.
Hollywood could step in and make a movie about the history about this forlorn series. It could be a full celebrity cast of characters. WOW. http://www.advanceindiana.blogspot.com/2013/02/indiana-taxpayers-forced-to-pay-for.html
This shouldn't come as a shock to many. Austin is a great city, and Indy needs to take some notes. Austin invests in decent transit options, has a highly educated workforce, embraces a creative class, and --despite being the state capital-- is not micromanaged by rural and suburban legislators. Want Indy to grow? Invest in the city (i.e. spend money). Raise taxes a bit, and use the money to improve education. And keep the state legislature out of Indy the other 9 months of the year.