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Real Estate & Retail
Indy startup serves up keg beer with big data
May 24, 2013
Dan HumanSteadyServ Technologies has raised $1.5 million to help develop iKeg, which tells bar managers and beer distributors when
they need to reorder.
MoreBroad Ripple project takes heat at Village meeting
May 24, 2013
IBJ StaffJeering and catcalls greeted officials from Browning Investments, which has proposed the $18 million residential and retail
development along the Central Canal.
MoreDenver-based firm laps up BlueMile running chain
May 23, 2013
Anthony SchoettleBlueMile, a local six-store running specialty chain, has been acquired by a group that includes Indianapolis-based sports
goliath The Finish Line Inc. The deal is expected to speed BlueMile's expansion.
MoreMayor suspends land bank after indictments
May 22, 2013
Associated PressIndianapolis Mayor Greg Ballard on Wednesday sidelined a city program that sells vacant and tax-delinquent properties, one
day after federal prosecutors indicted two of its top officials for allegedly accepting bribes and kickbacks.
MoreIndiana presses ahead with I-69's next section
May 22, 2013
Associated PressThe company that will build the 21-mile Bloomington-to-Martinsville segment by upgrading existing State Road 37 will sign
a public-private deal under which it will arrange its own financing to design and build that stretch.
MorePittman pitches $90M mixed-use project for Zionsville
May 22, 2013
Andrea Muirragui DavisOne of the highest-profile tracts of undeveloped land in Zionsville could be transformed into a commercial and residential
hub if Pittman Partners' 62-acre project gets the town’s blessing.
MoreKennedy partners with Olympic runner to buy shoe chain
May 22, 2013
Anthony SchoettleIndiana running icon Bob Kennedy believes Movin Shoes Inc. has great potential for growth. Its California location doesn't
violate Kennedy's non-compete agreement with Indiana's BlueMile chain.
MoreEPA seeks to add Keystone property to Superfund list
May 22, 2013
IBJ Staff and Associated PressThe U.S. Environmental Protection Agency on Tuesday proposed adding three sites in Indiana—including one in Indianapolis—to
its highest priority cleanup list for hazardous waste sites.
MoreHHGregg's stock swoons after quarterly report disappoints
May 21, 2013
IBJ StaffThe Indianapolis-based retailer saw a big drop in earnings in its latest quarter on decreased sales, lower profit margins
and higher advertising expenses, it said Monday.
MoreSt. Vincent sports practice to fill vacant Clay Terrace big box
May 21, 2013
Scott OlsonSt. Vincent Sports Performance will occupy a building in Clay Terrace originally occupied by Circuit City.
MoreHHGregg earnings sink on declining sales
May 20, 2013
IBJ StaffThe Indianapolis-based retailer saw a big drop in earnings in its latest quarter on decreased sales, lower profit margins
and higher advertising expenses.
MoreLids acquiring Kentucky sporting goods chain
May 20, 2013
Associated PressThe CEO of a private equity firm that helped fund the Lexington-based Fan Outfitters chain said new regulations imposed by
the Affordable Care Act prompted the group to look at the offer from Lids.
MoreGreenwood, Whiteland try to spur, shape growth
May 18, 2013
Kathleen McLaughlinTwo Johnson County communities are determined to capture—and control—the next wave of suburban growth.
MoreOesterle sells land to Angie's List, reaping millions
May 18, 2013
Chris O'MalleyAngie’s List Inc. CEO Bill Oesterle has collected millions of dollars over the years by renting to the company property
for its campus along East Washington Street. Now, the landlord and chief executive is pocketing millions more by selling Angie’s
the property, at well above its assessed value.
MoreDuke's CFO heading to Chicago real estate firm
May 17, 2013
IBJ StaffChristie Kelly is credited with playing a critical role at Duke in helping the company keep a strong financial position during
the recession and economic recovery.
MoreDowntown Lilly building fetches $90 million
May 16, 2013
Scott OlsonAmerican Realty Capital, a real estate investment firm based in New York City, bought the building on South Meridian Street
occupied by Rolls Royce Corp. Lilly vacated the facility in 2010.
MoreKessler Mansion neighbors balk at business uses
May 15, 2013
Dan HumanAn Indianapolis City-County Councilor is looking into the possibility of zoning violations at the massive north-side property.
The mansion will host a camp for entrepreneurs in June.
MoreConvenience stores sue to sell cold beer in Indiana
May 14, 2013
Mason KingAn industry trade group filed a lawsuit Tuesday morning contending that Indiana liquor law is unconstitutional and unfairly
benefits liquor stores.
MoreNancy Irsay puts party pavilion, home on market for $3.7M
May 14, 2013
Scott OlsonDozens of small charities have used the pavilion in south Carmel to host events, paying far below market rates.
MoreArea homes sell at faster clip
May 13, 2013
Purchase agreements for existing homes in the Indianapolis area increased 13.2 percent in April. Home sales have jumped in
each of the first four months of the year.
MoreDevelopment may spawn TIF tug of war
May 11, 2013
Kathleen McLaughlinThe developer of a $17 million mixed-use project proposed for Broad Ripple is expected to seek a city subsidy—support
that at least one City-County councilor believes should be reserved for neighborhoods starved for investment farther south.
MoreWhitsett goes big with Star project
May 10, 2013
Scott OlsonA local developer plans to tear down part of the Indianapolis Star’s downtown headquarters while saving most
of the building in a redevelopment that calls for 350 apartments—more units than the massive CityWay.
MoreScam artist receives 34 years for home-sale scheme
May 10, 2013
IBJ StaffShela Amos, 57, led victims in Indianapolis to believe they were legitimately purchasing vacant homes that Amos did not actually
own.
MoreDeveloper planning $60M project near Ball State
May 10, 2013
Associated PressInvestment Property Advisors of Valparaiso hopes to build a four-story building wrapping around a six-story parking garage
that will have 228 apartments and storefronts on the street level.
MoreDuke Realty puts 17 Midwest office buildings on block
May 10, 2013
Bloomberg NewsThe developer is selling the buildings in Cincinnati, Cleveland and St. Louis to increase its emphasis on industrial properties.
A research firm values them at $149 a square foot, or a total of about $350 million.
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these guys only skill was to steal from other's hard earned savings.
I voted for him last time and it WAS the LAST time. He needed to to quit running around the world on useless trips, and giving our $$ away to sports teams. I'll vote for anyone but Ballard next time. BTW...we gave $40M to the Pacers and cannot even watch the games on TV.
For the people concerned about traffic, you should know that mixed-use projects (like the one being proposed), actually allows for and encourages more people to walk and bike, thereby mitigating additional automobile traffic. If we continue to design and build suburban-type projects in the City (i.e. automobile-oriented projects), we are not offering anything different from what the suburbs offer, which means we will continue to lose jobs/people to the suburbs. The reason Broad Ripple is somewhat successful today is that people want to live in a place that offers the convenience of being able to walk/bike to restaurants, retail, nightlife, the Monon, etc. Why would you not want to support a project that is complimentary to what already makes the area desirable? The real argument with this project should be its lack-luster design and layout, not the density.
It is unfortunate that there is a perception that celebrities validate an event. The Indy 500 stands on its own, especially for those coming in from out of town. It was always so disturbing to read the gushing descriptions of Ashley Judd threaded throughout the local coverage. Very happy that era is at an end.
Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.