Real Estate & Retail
State Fair Commission breaks ground on 'Glass Barn'
February 11, 2012
IBJ StaffThe $2.9 million building on the 250-acre fairgrounds campus will feature interactive exhibits focusing on new technologies
used on modern farms.
MoreGlick center receives $6.3 million federal grant
February 9, 2012
The funds will be used to construct a three-story, independent-living facility consisting of 50 one-bedroom units for low-income
senior citizens at the neighborhood center on Indianapolis' northwest side.
MoreKite reports quarterly profit, smaller annual loss
February 9, 2012
The Indianapolis-based real estate investment trust earned a profit of $3.1 million for the quarter ended Dec. 31, but lost
$800,000 for the entire year.
MoreGreenwood entices e-commerce company to stay
February 8, 2012
Kathleen McLaughlinThe Greenwood Redevelopment Commission on Tuesday evening approved an incentives agreement with One Click Ventures LLC, which
plans to hire 109 people over the next five years.
MoreHHGregg reports smaller profit in fiscal third quarter
February 8, 2012
The appliance and electronics retailer attributed the decline to lower-than-expected profit margins and higher spending on
advertising.
MoreFoundation finds buyer for 16th Street buildings after 6-year search
February 7, 2012
Tom HartonTwo brothers purchased the pair of connected buildings at the northwest corner of 16th and Alabama streets and will use the
property for a 50-seat café and the offices for Nottingham Realty Group.
MoreSuper Bowl payoff substantial, but may fall short of hype
February 4, 2012
J.K. WallThere’s no doubt the Super Bowl crowds showered Indianapolis with cash all week. The question is, how much of it will
stick after the big game is over? And how much will it mean to Indianapolis’ economy?
MoreExcess land at Fishers airport will be turned over to farming
February 4, 2012
IBJ StaffThe town's leaders had envisioned the Indianapolis Airport Authority property being developed to add to the tax base.
MoreStout's Shoes expects website to become its largest 'store'
February 4, 2012
Sam StallAfter years of failed attempts to create a viable Web presence, Stout's Shoes has finally plunged into cyberspace using the
route experts say many small companies follow: giving the job to a young, tech-savvy family member with an aptitude for social
media.
MoreESPN pleased with Pan Am Plaza broadcast decision
February 3, 2012
Scott OlsonThe sports network originally considered broadcasting from Monument Circle, but chose the plaza because the location has Lucas
Oil Stadium as an ideal backdrop.
MoreSimon quarterly results improve as sales increase at malls
February 3, 2012
Simon Property Group Inc., the largest U.S. shopping-mall owner, reported a 6.3-percent gain in fourth-quarter funds from
operations as income from rents rose.
MoreFeds seize nearly $5M in phony Super Bowl goods
February 2, 2012
Associated PressFederal officials say authorities have seized nearly $5 million worth of phony Super Bowl sportswear and merchandise in a
nationwide sweep.
MoreRetailer Lids strives for Super Bowl dominance
February 2, 2012
Cory SchoutenLids Sports Group is emerging as an early Super Bowl winner among local businesses after betting big that souvenir sales would
shine.
MoreIndiana liquor law could crimp Super Bowl parties
February 1, 2012
Associated PressIndiana is among a handful of states that ban carryout liquor sales on Sundays. Even hosting the NFL's most-celebrated
spectacle won't change that.
MoreNew mixed-use project holds promise for building across street
January 31, 2012
Tom HartonAn 82-year-old downtown commercial building that’s had trouble luring tenants is suddenly positioned to thrive courtesy
of an $85 million mixed-use project planned for a site right across the street.
MoreFew in Indiana using state fund to avoid foreclosure
January 30, 2012
Associated PressA state program created to help Indiana residents avoid foreclosure by providing them with 10-year loans is seeing few takers
even though the state's foreclosure rate is among the highest in the nation.
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.
MorePurchase lifts effort to develop MSA site
January 28, 2012
Kathleen McLaughlinA community development corporation linked to the city of Indianapolis has bought the 1.87-acre parking lot that borders the
former Market Square Arena site, a move that some say could be the catalyst to finally redeveloping the entire vacant site.
MoreContractor uses 'process mapping' to overhaul business
January 28, 2012
Andrea Muirragui DavisProClad Inc. founder Brad Hitzfield invested in a 30-year business veteran to help him remake his
specialty construction firm when profits couldn't keep pace with revenue.
MoreApartments rev up residential revival downtown
January 28, 2012
Cory SchoutenAn apartment building spree downtown is getting fresh fuel with an $85 million mixed-use development that will be anchored
by a Marsh grocery.
MoreFormer Borders space lands tenant for Super Bowl
January 26, 2012
Scott OlsonSouth Florida sports agent Howard Jaffe's Barjaf Group is temporarily leasing the space, which will feature a nightclub
in which rapper Nelly is set to perform the night before the Super Bowl.
MoreDuke Realty's quarterly results beat expectations
January 25, 2012
Indianapolis-based Duke Realty Corp. slightly exceeded analyst estimates with it financial performance in the fourth quarter,
the company reported Wednesday.
MoreBuilder's bookkeeper gets 18-month sentence for theft
January 25, 2012
IBJ Staff and Associated PressKim Hutchison, 52, the former treasurer of Greenwood-based J. Greg Allen Builders and Princeton Homes, has been sentenced
to 18 months in prison for allegedly stealing more than $446,000 from the now-closed companies.
MoreMeningitis complications felled Throgmartin, family says
January 25, 2012
Meningitis, a rare disorder caused by an infection of the membranes covering the brain and spinal cord, usually can be treated
but is sometimes fatal.
MoreMarsh to anchor massive new downtown development
January 24, 2012
Cory SchoutenA local developer plans to build a Marsh grocery store and hundreds of apartments in an $85 million project that would replace
a block and a half of surface parking lots in the northwest quadrant of downtown.
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Members must realize if you stop paying your dues you will lose. Why else would your employer honor the rtw bill. Before you take this step think about what you may be giving up in the long run. Very little of your dues money goes to any dem candidate. YOu will never know how much your republican employer gives his party with money he could be paying the employee. Who will step up and demand better wages or benefits if you have no representation. Union is the way for a better life. Our carpenter union offers a 4 year apprenticeship and 2 year degree from Ivy Tech all paid for with union dues . This is a great opportunity for kids who cant afford schooling after high school. The same opportunity is there for any person,any age, either sex to provide a better living for their family. Pension, anuity, health insurance all for your dues. How is this a bad choice.
The FDIC is funded by assessments paid by banks, not taxpayers. That is not to say that bank customers don't ultimately pay the cost because, in the end, banks don't survive if they don't make profits.
SCB Bank's failure is expected to cost the government $33.9 million,dont you mean middle class another bailout our government has no money
Diogenes, the company did not call "pro-life" statements inflammatory. The IBJ article used the words "pro life."
All, the company did, is what it should do which is apologize profusely for offending people with a program that offered statements that support an infamous apartheid proponent, Dr. Verwoerd, suggest that sometimes rape is justified, and quote Biblical text to people, not looking for it.
If this is what you think is "insanity" then more companies need to behave insanely.
I totally disagree with $45mil being given to the state Attorney General's office. That money is a waste. All of the money should go to help the homeowners & the people who were foreclosed on. Why such a big percentage to state govt? They'll get to start another agency staffed with people who have new-found power & don't care about the people they serve. As soon as the program was announced, I knew the states would end up with a huge chunk of the money for themselves that would just be squandered. Or maybe Mitch Daniels will just happen to "find" another big chunk of money that was "posted in the wrong section of the state's books."