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Property Management
Longtime CEO of Acorn Group real estate firm dies
April 25, 2012
Albert M. Donato Jr., 70, founded the Indianapolis commercial real estate and property management firm in 1988 and most recently served as CEO and board chairman.
Health care real estate owner takes over management of 29 buildings
April 3, 2012
Tom HartonHealthcare Trust of America now handles property management and leasing for 29 buildings formerly managed by Hokanson Cos.
MoreBuilding rentals help school district make ends meet
March 19, 2012
Associated PressFranklin is planning to raise $120,000 by renting the performing arts center and middle school auditorium this year — six
times what the district made in rental fees four years ago.
MoreCircle Centre again suing Bella Vita over unpaid rent
January 30, 2012
Scott OlsonLandlord Circle Centre Mall LLC is suing the restaurant over $77,275.24 in unpaid rent, according to court documents. Circle
Centre also sued Bella Vita in June 2010 over $96,523.23 in overdue rent.
MoreHundreds of houses available as Super Bowl rentals
January 20, 2012
Scott OlsonIndianapolis-area homeowners are looking to cash in by opening up their homes to visitors for daily prices ranging from about
$700 to $9,000, but demand may not come until participants in the big game are settled.
MoreSears closings shouldn't be big problem for Simon
December 29, 2011
Kathleen McLaughlinSimon Property Group has more shopping malls with Sears as a tenant than any other landlord, but any closings are likely have
a negligible effect on the Indianapolis-based real estate company's overall earnings, an analyst says.
MoreEx-Speedway boss plans 4-lot subdivision on north side
December 6, 2011
Scott OlsonFormer Indianapolis Motor Speedway CEO Tony George and his wife had tried unsuccessfully to sell their 12-acre wooded estate
and now are planning to divide the land into a four-lot subdivision.
MoreCity files nuisance charges against property owner
November 3, 2011
The complaint alleges that David J. Williams' properties have been the subject of more than 400 violations and have generated
more than 30 police reports for criminal activity.
MoreCalifornia firm's Park 100 portfolio goes back to lender
October 4, 2011
Tom HartonCalifornia-based Blue Real Estate lost the last big chunk of its Indianapolis portfolio last week when a lender took control
of Blue’s 360,000-square-foot, seven-building portfolio in Park 100.
MoreIndianapolis building owners, managers pressed to protect birds
September 10, 2011
Chris O'MalleyThe Audubon Society has documented hundreds of birds killed downtown in the past two years as birds are attracted to the city
lights and then fly into windows.
MoreNew owners aim for big profit after buying IPS school on the cheap
September 6, 2011
Cory SchoutenThe buyers of former IPS School 64 stand to make hundreds of thousands of dollars if they manage to flip the property they
bought for just $20,000.
MoreJohnson County still dealing with 2008 flood
September 6, 2011
Associated PressJohnson County officials have been working to buy about 40 flooded properties in an area a few miles west of Greenwood, so
they can be demolished.
MoreReceiver appointed in $16.8M foreclosure suit
August 29, 2011
Scott OlsonLender Merrill Lynch Mortgage Trust is foreclosing on several Indianapolis commercial properties, including two retail centers,
owned by Greenwood developer Presnell Cos.
MoreCircle Centre wants Cinnabon out of mall
August 29, 2011
Scott OlsonA lawsuit filed by the downtown Indianapolis mall accuses Cinnaworks LLC, a franchisee of Cinnabon, of failing to pay its
$6,751-per-month rent.
MoreNot-for-profit building affordable housing in Brownsburg
August 2, 2011
IBJ StaffSycamore Services Inc., which serves people with disabilities, has closed on $8 million in financing to build a 72-unit apartment
community in Brownsburg.
MoreKeystone Towers implosion set for late August
August 1, 2011
IBJ StaffThe long-vacant Keystone Towers apartment complex will be imploded Aug. 28 at 8 a.m., the Department of Metropolitan Development
announced Monday afternoon.
MorePrecedent joins ranks of battered developers
July 30, 2011
Cory SchoutenThe Precedent Cos.—the local developer of The Precedent Office Park, Mount Comfort Commercial Park and several upscale
residential communities in Hamilton and Johnson counties—is winding down operations in an out-of-court restructuring.
MoreCity ready to take down 1,100 abandoned homes
July 18, 2011
Francesca JaroszWith the sale of its water and sewer utilities cleared by regulators, the city of Indianapolis is preparing to deploy $15
million to $25 million in funds from the deal into tearing down abandoned houses.
MoreLocal developer ready to start $18M project
July 1, 2011
Associated PressIndianapolis-based Buckingham Cos. is expected to start construction this summer on an $18 million, 146-unit apartment building
in downtown Columbus.
MoreQuail Run Apartments in Zionsville changes hands
June 29, 2011
Richmond, Va.-based McCann Realty Partners LLC bought the 166-unit complex with a $9.25 million loan. The sale marks the second
time Quail Run has changed ownership in the past two years.
MoreChambers quietly built Buckingham into real estate colossus
June 25, 2011
Cory SchoutenThe North of South mixed-use project in downtown Indianapolis is just the latest development for Brad Chambers, who started
out in the landscaping business.
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.
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.
MoreIndianapolis council OKs razing of Keystone Towers
May 16, 2011
Associated PressThe City-County Council in Indianapolis has voted to spend $4 million to demolish the abandoned 15-story Keystone Towers and
the long-vacant former Winona Hospital.
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.
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Ameriana Bank took over Westfield Farmers Market for 2013 and it is held in their parking lot, corner of 32 and Carey road, 5 to 8. I am selling soap and candles there. great market!
B&T certainly has enough of our taxpayer dollars to do this thanks to Mayor Ballard. Given the firm's exceedingly poor reputation in the legal community, the basement would seem a better option.
Should read MAY hire 20 people.
Not a good location for a 300,000 home. 10th Street fumes, buses, noise. Max for this location 150,000.
The state constitution also does not say that the majority has a right to quorum, nor that the minority is required to allow them quorum. In fact, denial of quorum has been a parliamentary maneuver since the establishment of the first parliaments in the early 1600s. The right to deny quorum (and the requirement fore quorum) are to prevent exactly what happened in Indiana: A tyrannical majority pushing through odious, objectionable legislation. Denial of quorum is totally legitimate, and lest we forget, a tactic the GOP has employed many, many times to ensure their issues weren't given short shrift. By allowing the majority to impose "fines" on the minority for exercising the authority the constitution grants them (to deny quorum,) they are violating the constitution.