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Real Estate & Retail
REITs tumble most since 2011 on concern of rising rates
June 19, 2013
Associated PressShares in U.S. real estate investment trusts fell the most in 19 months Wednesday. Three major REITs, all based in Indianapolis,
saw their shares drop on Wednesday.
MoreNoble Roman's gets rolling with take-and-bake franchises
June 18, 2013
Mason KingSince October, franchisees have opened the first seven stand-alone, take-and-bake locations—dubbed Noble Roman’s
Take-n-Bake P’ZA. Nine more are in development or under construction.
MoreIncentives draw industrial developer to AmeriPlex
June 18, 2013
Scott OlsonA city tax abatement has led Atlanta-based Industrial Developments International to build a 794,608-square-foot speculative
building in AmeriPlex and to plan construction of another, 460,000-square-foot building there.
MoreFormer governor candidate Gregg buys country grocery
June 17, 2013
Associated PressThe Democrat said he hopes his purchase of Yagles Country Cupboard will help the store provide more services to the largely
Amish southern Indiana community and create a few jobs.
MoreMost of Indiana's largest public companies enjoyed strong 2012
June 15, 2013
Angie's List turned a profit for the first time in nearly two decades.
MoreVeteran custom homebuilder taking prefabs downtown
June 15, 2013
Scott OlsonUrsula David is out to dispel the perception that modular homes are little more than glorified double-wides. David, who started
Ursula David Homes 20 years ago, is concentrating on a new project, Indy Mod Homes, and is targeting an unlikely place for
the prefabs—the urban core.
MoreGovernments helped fuel nursing-facility developer's rise
June 15, 2013
Kathleen McLaughlinCarmel-based Mainstreet Property Group has built 13 nursing homes in Indiana and Illinois since 2008. Six of the dozen Indiana
properties benefited from municipal-backed credit or tax breaks, and a seventh received a reduced-impact fee. Mainstreet also
received $345,000 in state economic incentives.
MoreIndianapolis moving forward with startup land bank
June 15, 2013
Kathleen McLaughlinThe executive director of the Land Bank of Indianapolis anticipates working with the city to issue a request for qualifications
aimed at charitable and for-profit entities interested in acquiring properties.
MoreCity won't take back suspect properties sold by Land Bank
June 14, 2013
Kathleen McLaughlinThe city of Indianapolis won't try to take back properties that were sold by its Indy Land Bank to suspect not-for-profits
or to Naptown Housing Group LLC, in which former land bank director Reggie Walton is alleged to be a silent partner.
MoreHigh overhead does in Carmel Shapiro's
June 12, 2013
Andrea Muirragui DavisThe company called closing the restaurant at 918 S. Range Line Road a “strategic decision” that will allow it
to focus on its flagship downtown eatery.
MoreOut-of-state developer pitches $75M Carmel project
June 11, 2013
Andrea Muirragui DavisBaltimore-based Atapco Properties wants to redevelop 34 acres of land at Carmel Drive and Guilford Road, converting a portion
of the commercial property to residential use with hundreds of apartments.
MoreWoodard sells Canterbury Hotel to Ohio firm
June 11, 2013
Scott OlsonLocal businessman Turner Woodard had owned the upscale downtown hotel since 2010. Terms of the deal with Columbus, Ohio-based
RockBridge Capital LLC, a hotel investment firm, were not disclosed.
MoreHomebuilders extend streak with 23-percent surge in permits
June 11, 2013
IBJ StaffSingle-family building permits rose 23 percent in the nine-county Indianapolis area in May, the 11th straight month of year-over-year
increases.
MoreAT&T building's new owner targets first-floor retail
June 11, 2013
Scott OlsonGeis Properties, a division of Streetsboro, Ohio-based Geis Cos., purchased the 558,000-square-foot building for $16.5 million
late last month from AT&T, which is reducing its downtown presence.
MoreCentral Indiana farmers turn to organic growing
June 9, 2013
Associated PressThe organic food sector grew by $2.5 billion nationally during 2011, and it keeps growing.
MoreSales of boomer-owned businesses deemed close at hand
June 8, 2013
Norm HeikensSeveral factors have aligned to spark the long-expected trend.
MoreRiley CDC names successor to retiring executive director
June 8, 2013
Eric Strickland’s appointment was effective June 1. He brings more than 18 years of engineering, real estate development
and economic development experience to the organization.
MoreCenter Township trustee to list Mass Ave building
June 8, 2013
Kathleen McLaughlinThe township board in late May gave Trustee Eugene Akers permission to list the property, which has a five-story office building
on 1-1/3 acres of land.
MoreCummins looking to build downtown Indy offices
June 8, 2013
Scott OlsonCummins Inc. wants to expand its downtown Indianapolis presence and is searching for land to construct an office building
that would double the space the Fortune 500 company occupies in the city, several local office brokers said.
MoreFishers, Noblesville put cuffs on charities to recoup tax revenue
June 8, 2013
Andrea Muirragui DavisTwo growing Hamilton County communities looking to build their commercial tax base are taking steps to ensure land targeted
for development doesn’t end up in the hands of organizations that don’t pay taxes.
MoreAG sees spike in complaints about gas prices
June 7, 2013
Associated PressThe Indiana Attorney General's Office says the recent surge in Midwestern gasoline prices that's given Indiana the nation's
fourth-priciest gas is drawing an influx of complaints from the public.
MoreVacant GM stamping plant to be demolished
June 7, 2013
Kathleen McLaughlinThe 2.1 million-square-foot plant, which sits on 102 acres near downtown, opened in 1930 and employed more than 5,000 at its
peak. That number was fewer than 700 when it closed two years ago.
MoreBank gives Indy $1.4M to settle discrimination complaint
June 7, 2013
Associated PressThe settlement results from a complaint that alleged Wells Fargo's properties in white neighborhoods were much better
maintained and marketed than properties in minority areas.
MoreFraud victim says he was duped twice over land bank house
June 6, 2013
Kathleen McLaughlinJoseph Satterfield says he paid twice for his residence at 624 Congress Ave., but he still doesn’t have his hands on
the deed to the house that was held by the Indy Land Bank.
MoreVera Bradley CEO retiring after six years on job
June 6, 2013
Associated PressThe Fort Wayne-based company announced Michael Ray's decision on Wednesday as the company reported a 27-percent drop in
earnings in its latest quarter and trimmed its yearly outlook.
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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.