Real Estate & Retail

Recession hammered revenue of Indiana's largest public companies

June 19, 2010
Marc D. Allan
Few escaped the Great Recession unscathed, and unusual circumstances helped some appear as though they did.
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Slow economy bruises profits of Indiana's largest public companiesRestricted Content

June 19, 2010
Marc D. Allan
One-time events influenced bottom lines of some of the few companies that made more money in 2009.
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Indiana's biggest private companies majored in the basics in 2009Restricted Content

June 19, 2010
Martha P. Allan
Health care, plastics, other fundamental consumer needs kept some companies on upswings.
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Some Indiana entrepreneurs hit the gas pedal in tough timesRestricted Content

June 19, 2010
Marc D. Allan, Martha P. Allan
What recession? Some firms are enjoying explosive growth.
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New restaurant will front Fashion Mall at Keystone

June 19, 2010
 IBJ Staff
A new fresh grill and wine bar called Seasons 52 is planning a 9,000-square-foot restaurant to replace El Torito Mexican Grill in front of The Fashion Mall at Keystone, IBJ.com reported June 14.
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Katz Sapper caught up in Simon estate battle

June 18, 2010
Greg Andrews, Cory Schouten
The longtime accounting firm for Simon family interests objected to subpoenas it received from Melvin Simon's daughter Deborah, saying the information requested was far too broad.
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Residential building activity levels off after surge

June 18, 2010
Scott Olson
The number of building permits filed in the nine-county metropolitan area has been flat the past two months following a flurry of activity leading up to the expiration of federal home-buying tax credits.
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INSIDE DISH: H2O owners return with new strategy

June 18, 2010
Mason King
H2) Watch VideoFormer owners Eli and Nicole Anderson are back at the helm of H2O Sushi and are on the brink of a significant revamp, likely including rebranding the Asian-themed eatery.
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Bloomington Brewing Co. planning expansion

June 17, 2010
Associated Press
A small brewery in southern Indiana plans to start selling its beer around the state as a new facility will boost its production capacity by 1,000 percent.
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Union accuses Marsh of unfair labor practices

June 17, 2010
United Food and Commercial Workers Local 700 says the grocery chain used illegal interrogation practices and fired a worker for exercising his right to organize a union.
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Duke Realty buying out joint venture partner for $298M

June 16, 2010
 IBJ Staff
Duke Realty Corp. plans to buy out its partner in a joint venture that owns 106 industrial buildings in the Midwest and Southeast, the Indianapolis-based company announced Wednesday.
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Walgreens gets final OK to sell booze at 14 local stores

June 15, 2010
 IBJ Staff
The stores are expected to start selling alcohol within a month following unanimous approval of the Indiana Alcohol & Tobacco Commission.
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Washington Square area getting first new retail strip in three years

June 15, 2010
Tom Harton
Thompson Thrift, based in Terre Haute and Carmel, has started construction on Washington Square Commons, a 9,000-square-foot retail strip at 10110 E. Washington St., at a major entrance to Washington Square Mall.
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Lucas Oil lube shop 'on hold'

June 14, 2010
Scott Olson
Company announced plans in May 2009 for a $2 million lube shop and car wash in Avon. But more than a year later, work hasn't started.
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Developer facing legal action everywhere it has built condos

June 12, 2010
Cory Schouten
Three of the four principals in Page Development were in court June 8 to sift through the fallout from a $1.35 million judgment against them. It's only the tip of Page Development's financial straits.
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Long-vacant Washington Street buildings headed for revivalRestricted Content

June 12, 2010
Cory Schouten
Workers are restoring facades on two empty buildings along Washington Street just east of Meridian Street as part of a retail and residential redevelopment.
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Circle City Sweets takes chance on Indianapolis City Market

June 12, 2010
 IBJ Staff
The stand that sells fresh baked goods opened last month, undaunted by the market’s recent history.
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Circle Centre sues restaurant Bella Vita over unpaid rent

June 11, 2010
Peter Schnitzler
Italian restaurant that took over high-profile mall space in January is being sued by the landlord for $96,523.23.
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Hat World expansion to create 571 jobs in Indianapolis

June 10, 2010
 IBJ Staff
Hat World, a subsidiary of Nashville, Tenn.-based Genesco Inc., said it plans to invest up to $22 million to lease and prepare additional space locally as it consolidates manufacturing and warehouse operations from Wisconsin.
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Area home sales took big hit in May as credit expires

June 9, 2010
Pending home sales fell 31.5 percent last month, following expiration of the federal home-buyer tax credit.
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Indoor amusement center could have new owner

June 9, 2010
Springfield, Mo.-based America's Incredible Pizza Company is negotiating to purchase Xscape and could have a deal finalized as soon as Wednesday.
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Proposed development near Lilly campus could include hotel

June 8, 2010
Indianapolis developer Buckingham Cos. is in discussions to build a mixed-use development that could include apartments, shops, office space, and a hotel and conference center.
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Indy entrepreneurs draft plans for 3 microbreweries

June 8, 2010
Cory Schouten
Three local microbreweries—Triton Brewing Co., Bier Brewery & Taproom and Flat 12 Bierwerks—are planning to open in the next few months in a rush inspired in part by the runaway success of homegrown Sun King Brewing Co.
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Fort Ben home, condos headed to auction

June 8, 2010
Tom Harton
The former home of the commanding general at Fort Benjamin Harrison and four condominiums at the old army base are being auctioned June 17, a reflection of the difficulty of selling high-end condos in a soft real estate market.
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Walgreen gets OK to sell booze at 18 more stores

June 7, 2010
Scott Olson
The Local Alcoholic Beverage Board of Marion County recommended permits for 18 of the 28 stores for which Walgreens is seeking to sell alcohol. Approval by the Indiana Alcohol Tobacco Commission could happen as soon as June. 15.
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