Project Funding

Broadbent subsidiary seeks bankruptcy reorganization

October 11, 2010
Scott Olson
The owner of the building that houses the Music Mill concert venue listed assets of $1.4 million and liabilities of $1.3 million.
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Legal fight over Pan Am Plaza outpaces redevelopmentRestricted Content

October 2, 2010
Cory Schouten
Plaintiffs are challenging the city's 2007 decision to waive a hefty fee that otherwise would have been required to redevelop the crumbling site.
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Dolce hotel, YMCA part of city-funded 'North of South' development

September 27, 2010
Scott Olson
The city plans to issue bonds and use tax-increment financing to fund the $150M project, which also will include 320 high-end apartments and 40,000 square feet of retail space. Construction should begin this year.
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Lauth revival hinges on judge approving settlementRestricted Content

September 4, 2010
Cory Schouten
The deal with financial backer Inland American Real Estate Trust would leave Lauth Group with fewer properties but a more manageable debt load.
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Estridge drops Westfield sports complex, still plans stadium

September 3, 2010
Scott Olson, Cory Schouten
The Estridge Cos. has withdrawn a proposal to build a massive youth sports complex in its master-planned Symphony development in Westfield.
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Developer making final push for embattled Uptown project

July 28, 2010
Cory Schouten
Developer Leif Hinterberger has spent five years and most of his savings trying to build a $19M mixed-use project at 49th Street and College Avenue. The project could be in trouble if he doesn't get city support.
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PNC foreclosing on Janus Lofts building

June 22, 2010
Cory Schouten
Pittsburgh-based PNC Bank has filed to foreclose on the historic five-story Janus Lofts building at 240 S. Meridian St.
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Construction supplies firm plans mixed-use HQ downtown

June 2, 2010
Cory Schouten
Affordable Building Supplies LLC, which was displaced by the construction of Lucas Oil Stadium, hopes to move its headquarters closer to downtown in a new mixed-use building on South Meridian Street.
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Mass Ave project on verge of approval

May 4, 2010
Tom Harton
The addition of an underground parking garage is likely to get Trail Side off the drawing board and under construction.
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A new real estate crisis could wreck recoveryRestricted Content

April 24, 2010
Greg Andrews
Borrowers may not be able to refinance many of the more than $1.4 trillion in commercial real estate mortgages coming due by the end of 2014.
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Huge tax-credit deal will fund rehab of 538 apartment units

March 9, 2010
Tom Harton
The largest tax credit deal in state history will fund the rehabilitation of 538 apartments in four complexes owned by the Indianapolis Housing Agency.
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Clarian eyes vacant Levitz space for office, warehouse use

February 2, 2010
Kathleen McLaughlin
Clarian Health Partners is considering converting a long-vacant, 180,000-square-foot Levitz furniture store on East Washington Street into a center for home-health and pharmacy services.
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Bank buys part of property targeted for Fishers water park

December 24, 2009
Scott Olson
A high-profile piece of land in Fishers that is part of a proposed hotel and water park project has been bought by the bank that foreclosed upon it.
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Prosecutor Brizzi a big player in real estate

December 19, 2009
Cory Schouten
Carl Brizzi partnered on a bank branch, took an ownership interest in an office building and flipped condos.
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Van Rooy scoops up troubled complex

November 10, 2009
Tom Harton
Van Rooy Properties plans to spend $5.5 million renovating a 277-unit west side apartment complex that it acquired a month ago in an unusual deal.
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Allen Plaza developer bullish on downtown, eager for next project

November 7, 2009
Cory Schouten
J. Greg Allen sees the $14 million Allen Plaza renovation as a message to city leaders that he intends to leave a lasting mark on downtown.
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Failed Charlotte skyscraper brings Indianapolis developer back to earth

November 7, 2009
Greg Andrews
The 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.
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Second developer facing foreclosure on Fishers property

October 20, 2009
Scott Olson
The developer of the proposed $80 million project is facing foreclosure on the property at the same time adjoining land critical to the project's development has been scheduled for liquidation by a lender.
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Irvington rolls out $1.2 million promotional campaignRestricted Content

June 1, 2009
Anthony Schoettle
In the midst of a $1.2 million campaign to upgrade streets, sidewalks and other neighborhood infrastructure, a coalition of Irvington businesses and residents is launching a unique marketing campaign to tout the neighborhood's recent enhancements and position it as an alternative to places such as Carmel, Zionsville, Geist and Noblesville.
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In recession, commercial brokers struggle to determine property valuesRestricted Content

May 25, 2009
Chip Cutter
Few commercial real estate properties are changing hands in the Indianapolis area these days, creating challenges for brokers who say it's becoming increasingly difficult to determine the value of properties.
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Most office-space renters opt to stay where they areRestricted Content

April 6, 2009
Sam Stall
Tight budgets, unsure future make moving unattractive to office-space renters.
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Historic downtown building may be rescued.Restricted Content

March 23, 2009
Cory Schouten
Local developer Halakar Properties Inc. is seeking tax abatement to save an endangered property.
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Airport hotel in limboRestricted Content

February 2, 2009
Anthony Schoettle
The recession, coupled with personnel shifts, have grounded the more than $50-million hotel project adjacent to the new terminal.
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Creditor pursues Premier propertyRestricted Content

March 10, 2008
Cory Schouten
Wachovia 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.
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Pan Am development deal diesRestricted Content

August 27, 2007
Cory Schouten
Fallout from the subprime mortgage fiasco has scuttled a developer's plans to acquire Pan Am Plaza and could complicate a host of other development deals under way in Indianapolis.
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  1. Uh, sorry Johnnie, but you are incorrect. Despite the assertions by yourself and various defenders and captains, sports attendance is NOT off significantly at most sporting events in the US. Variances in attendance has been in the range of single digits, both + & - for years now. MLB has had most of its best overall attendance nubers in the last decade, and that trend has been consistent for most major sporting events. The number one issue cited by most fans when asked about attendance is the overall cost of attending. The presence of HD and big screen televisions in home doesn't even register, as a factor for not attending an event. VALUE in the product is the key, and apparently is something lacking in the current ICS. What other explanation is there when with what is routinely touted as the "best" racing on the planet, fans are staying away in DROVES. A "close" title battle into the last event at Fontana, with the "cars and stars" of the ICS, and who showed up? MAYBE 8K. Sorry, but HD TV isn't to blame for that kind of fan apathy.

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  3. If she was worth the $ the public outcry over direct tv dropping them would have kept them on their dishes as we have seen with other companies. I too quit watching channel 13 after she showed up since I left channel 8 because of her all show rather than production results. When Randy on 8 corrected her she had a big head and incorrectly challenged his correction for pronunciation of a city. Other antics while she matures was too much for me with her very inaccurate forecasts. All the forecasters were predicting rain until Thursday except Chris. They predicted sunny on Thursday but instead of rain until Thursday upon which the sun would finally make it out in full glory Chris was right on the money just as I too predicted looking at the radar on weather.gov. One thing I love about Angela is the fear you can see in her every time it thunders in the winter. It far exceeds the entertainment value of her body language (high heel noise drags, depression, etc) when her forecasts are so incorrect. Her hair stands on end, you have to see it!!!

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  5. i will love to share my testimony to you all the people in world i got married to my husband about 2 year ago we start having problems at home like we stop sleeping on the same bed,fighting about little things he always comes home late at night,drinking too much and sleeping with other women out side i have never love any man in my life except him. he is the father of my child and i don't want to loose him because we have worked so hard together to become what we are and have today .few month ago he now decided to live me and the kid,being a single mother can be hard sometimes and so i have nobody to turn to and i was heart broken.i called my mom and explain every thing to her,my mother told me about DR.okoro how he helped her solve the problem between her and my dad i was surprise about it because they have been without each other for three and a half years and it was like a miracle how they came back to each other. i was directed to DR. okoro on his email:okorospell@gmail.com and explain everything to him,so he promise me not to worry that he will cast a spell and make things come back to how we where so much in love again and that it was another female spirit that was controlling my husband he told me that my problem will be solved within two days if i believe i said OK So he cast a spell for me and after two days my love came back asking me to forgive him i Am so happy now. so that why i decided to share my experience with every body that have such problem contact Dr okoro the great spell caster on his email addresses spellcasterforlove@outlook.com

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