Real Estate & Retail

Simon estate in Carmel hits market for $25 million

September 2, 2014
Mason King
The 106-acre property includes a 50,000-square-foot mansion and private, 18-hole golf course. Mel Simon and his wife, Bren, had been working on disposing of the home even before the billionaire’s death in September 2009.
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Firefighters union hopes concession wins project OK

September 2, 2014
Scott Olson
The union is promising to keep a parking lot it wants to build as part of an expansion at a key Massachusetts Avenue intersection in that use for just five years to help win approval of the project.
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Self-made developer, Castleton pioneer Peterson dies at 84

September 2, 2014
Cory Schouten
Howard C. Peterson, an enterprising bricklayer who went on to build a prolific development company that transformed Indianapolis' north side with massive office complexes, died Friday after a long illness. He was 84.
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Indiana cases could define conflict of interest

August 31, 2014
Associated Press analysis
The question of what constitutes a conflict of interest and why it matters for public officials has run throughout a string of high-profile ethics scandals in Indiana recently.
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Smarter Remarketer gets $7M in fundingRestricted Content

August 30, 2014
Smarter Remarketer, an Indianapolis-based retail technology firm, said Aug. 27 that it has lined up $7 million in venture debt financing from Los Angeles-based City National Bank.
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$1.25M from Finish Line helping build kids’ clubRestricted Content

August 30, 2014
Boys & Girls Clubs of Indianapolis broke ground Aug. 27 on a 22,000-square-foot facility on the east side.
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Local Lotus dealership is one of only 42 in United StatesRestricted Content

August 30, 2014
Scott Olson
Gator Motorsport opened in October as Indiana’s sole Lotus dealer. It’s owned by 41-year-old Young Kim, a first-generation Korean immigrant and Ball State University grad who fell in love with the British hand-built brand as a youngster growing up in Chicago.
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Main tenant of former United hub staying on

August 30, 2014
Kathleen McLaughlin
Indianapolis airport officials hope to soon renew their lease with AAR Corp., the aircraft service company that is a key tenant in United Airlines’ former maintenance hub.
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Bosma removes Turner from leadership post-scandal

August 29, 2014
Associated Press
Indiana House Speaker Brian Bosma has removed Rep. Eric Turner from his leadership team amid concerns over Turner's lobbying against a nursing home construction ban that would have impacted his family's business.
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UPDATE: Plan saves Anderson's Wigwam gym from demolition

August 29, 2014
Associated Press
The company that will operate under the name Wigwam LLC has agreed to maintain the gymnasium until at least 2030. It plans to convert part of the property into multifamily housing and to find partners to develop uses for other parts.
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Bloomington firm wins construction bid for transit center

August 28, 2014
Jeff Newman
The IndyGo board of directors on Thursday night chose Bloomington-based Weddle Bros. Building Group LLC to build the planned Downtown Transit Center. Weddle outbid five other companies.
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Antiques shop liquidation expected to draw big crowd

August 28, 2014
Associated Press
Red Ribbon Antiques, which opened its doors on Main Street in 1989, will open them one final time Sept. 6 to liquidate the inventory Gloria Holloway established over her 25-year business career.
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UPDATE: Security gates on tap for governor's mansion

August 27, 2014
Kathleen McLaughlin
Preservation officials for the Meridian corridor have given unanimous approval for wrought-iron gates and brick columns at the entrances to the mansion at 46th and Meridian streets.
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Two HDG Mansur creditors seek liquidation of the firm

August 26, 2014
Scott Olson
The firms claim in court filings that HDG Mansur has no hope of reorganizing under Chapter 11 and is stalling to avoid paying a $5.8 million judgment.
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New U.S. homes sales fall unexpectedly to 4-month low

August 25, 2014
Bloomberg News
Sales declined 2.4 percent in July, to a 412,000 annualized pace, the fewest since March and weaker than economist predictions.
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Condos making comeback in IndianapolisRestricted Content

August 23, 2014
Scott Olson
The market is starting to wake up after years of slumber caused by the housing downturn.
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Indianapolis homebuilder combines dashing design, prefabricated contructionRestricted Content

August 23, 2014
Sam Stall
Ursula David hopes her first manufactured home will catch on at other infill lots close to downtown.
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All-star real estate agent leadership sounding familiar

August 23, 2014
Ward takes first place among IBJ's All-Star Teams sixth year in row.
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Wynkoop is top real estate agent in 2014

August 23, 2014
Scott Wynkoop placed first among all-star agents a third year in a row.
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At-Home Quarterly MarketplaceRestricted Content

August 23, 2014
Look here for statistics on Indianapolis-area home sales, the most expensive local sale, and a map showing population density.
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Builders Estridge and Davis rebound from bust, run own firms again

August 23, 2014
Scott Olson
Brad Davis and Paul Estridge Jr. belong to a select fraternity. They’re prominent Indianapolis homebuilders whose companies faltered during the housing downturn, only to re-emerge in another incarnation.
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Mainstreet torques up expansion ambitions

August 23, 2014
J.K. Wall
Mainstreet Property Group, already the fastest-growing company in the Indianapolis area, now has the fuel it needs to nearly triple its pace of construction of senior care facilities around the country.
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Kite Realty creates general counsel postRestricted Content

August 23, 2014
 IBJ Staff
Kite Realty Group Trust has created the position of executive vice president, general counsel and corporate secretary and has brought aboard Scott E. Murray to fill it.
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City-County Council approves landlord registryRestricted Content

August 23, 2014
The ordinance is the product of state legislation this year that effectively shut down rental-property inspection programs but left municipalities the option of creating registries.
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Simon hands over Washington Square to lender

August 22, 2014
Scott Olson
Simon Property Group Inc. has given up on the struggling Washington Square Mall, turning over control to a lender.
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