Real Estate & Retail

Thirst rises for liquor licenses in Marion CountyRestricted Content

July 3, 2010
Kathleen McLaughlin
Finding the golden ticket of a liquor license in Indianapolis can be tricky—and costly. All 321 permits allowed in Marion County under a state quota have been allotted. Unless a restaurant is opening in an “off-quota” district, the owner has to find someone willing to transfer an existing license.
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INSIDE DISH: Hollyhock Hill sticks with recipe for nostalgia

July 2, 2010
Mason King
Hollyhock
                           watch video iconThe country-cuisine icon has survived several recessions and dozens of food fads. Owner Jay Snyder is staying the course, while looking ahead to his exit.
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Wishard construction bids starting to flow

July 2, 2010
Scott Olson
About $72 million in bids have been awarded so far for the $754 million Wishard Hospital project—ahead of schedule and under budget, for the time being—including demolition and foundation work.
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Indianapolis office vacancy rates still rising

June 29, 2010
Scott Olson
Vacancy rates in the downtown and Keystone at the Crossing markets climbed in the past six months, according to Meridian Real Estate's latest report, but the market shows signs of stabilizing.
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$69M U.S. Courthouse modernization a boon for local firms

June 29, 2010
Cory Schouten
More than a dozen local companies have begun work on a three-year modernization of the Birch Bayh Federal Building and U.S. Courthouse in the state's largest individual project funded by the federal stimulus.
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Group tries to turn Sunday booze ban into July 4 fireworks

June 28, 2010
J.K. Wall
An alliance of drugstores, groceries and gas stations is using the July Fourth holiday—which falls this year on Sunday—to drum up more support for ending Indiana’s ban on Sunday retail sales of alcohol.
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Trustee asks for Hansen & Horn bankruptcy to be dismissed

June 28, 2010
Scott Olson
Beleaguered home builder doesn't appear to have funds available to pay an attorney to prepare necessary paperwork for Chapter 7 liquidation, trustee says in court filing.
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Subcontractors come to Estridge's aid with $10M investment

June 26, 2010
Scott Olson
Estridge Cos.' subcontractors have invested $10 million into the firm led by COO Matt Cohoat and CEO Paul Estridge Jr.—an infusion that paves the way for them to proceed with a massive development in Westfield.
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Buckingham thinks big with plans for downtown development

June 26, 2010
Cory Schouten
Will the latest ambitious downtown development proposal finally master the formula for transforming a downtown surface parking lot?
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A slow time for fixer-uppers

June 26, 2010
Katie Maurer
Locally, the long-running FLIP program, or Fund for Landmark Indianapolis Properties, has seen a marked downturn in the resale of historic buildings.
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BP disaster casts shadow over Hoosier enterprisesRestricted Content

June 26, 2010
Kathleen McLaughlin
BP franchisee Ricker Oil and Conner Prairie, whose balloon ride is emblazoned with the company logo, find themselves awkwardly linked to the disastrous Gulf oil spill. illainous image.
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Potterhill Homes enters Indianapolis marketRestricted Content

June 26, 2010
Scott Olson
A Cincinnati-based homebuilder’s expansion into Indianapolis marks the second time in six months a builder from the Queen City has carved out space in the metropolitan area.
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Flea market to take over south-side bowling alley

June 26, 2010
 IBJ Staff
City Flea Market has filed plans to take 15,000 square feet in the former Sport Bowl, a south-side institution for 67 years that closed in May 2008.
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RUBENSTEIN: New law may put limits on residential seller financingRestricted Content

June 26, 2010
Clifford Rubenstein
A new federal law intended to enhance consumer protection and reduce fraud in the residential loan market may put the kibosh on seller financing of residential properties. This has huge implications for owners of rental housing.
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INSIDE DISH: Goose the Market laying golden eggs

June 25, 2010
Mason King
Goose watch video iconEnvisioned by Christopher Eley as a one-man butcher shop, Goose has grown in three years to a 12-person operation trending for $1 million in sales.
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Greenwood mobile home park sold to Illinois firm

June 24, 2010
Indy Mobile purchases 527-lot Friendly Village through a court-appointed receiver.
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Fort Ben home, condos fail to sell at auction

June 24, 2010
Cory Schouten
Auction turns up no buyers for the former home of the commanding general at Fort Benjamin Harrison and four condominiums at the old Army base.
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National new-home sales plunged to record low in May

June 23, 2010
Bloomberg News
Purchases of new homes in the United States fell in May to a record low as a federal tax credit expired, showing the market remains dependent on government support.
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LEADING QUESTIONS: How Staubach fields his team

June 23, 2010
Mason King
Staubach_WatchVideoNFL Hall of Famer turned exec huddles with IBJ about confidence, hard work, and placing personnel.
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PNC foreclosing on Janus Lofts building

June 22, 2010
Cory Schouten
Pittsburgh-based PNC Bank has filed to foreclose on the historic five-story Janus Lofts building at 240 S. Meridian St.
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City Market lands another fresh-food vendor

June 21, 2010
Peter Schnitzler
Pretzel-maker A Taste of Philly expands from its current location at 42nd Street and College Avenue to take 200 square feet of space inside the historic downtown market, slated for a major overhaul.
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Westfield residents to hear plans for $1B development

June 21, 2010
Scott Olson
The Estridge Cos., a Carmel-based home builder, will present details of the massive project—mixing condos, apartments and retail with a $15 million stadium—at a public hearing Monday evening.
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Durham's Geist mansion listed for $5.5 million

June 19, 2010
 IBJ Staff
Beleaguered local businessman Tim Durham's Geist home is listed for sale with a $5.5 million asking price.
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Circle Centre vies to keep anchor stores

June 19, 2010
Cory Schouten
Deals for both Nordstrom and Carson Pirie Scott are up for renewal in the coming months.
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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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