Real Estate & Retail

Ohio manufacturer consolidates distribution in Indy

July 12, 2010
 IBJ Staff
Cleveland-based Earnest Machine Products has signed a five-year lease for an existing 90,000-square-foot building in Park 100 on the city's northwest side.
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Women leading local food movement

July 10, 2010
Marc D. Allan
Women are leading the movement toward healthful, organic food grown close to home. Farmer's markets, CSAs, food co-ops are sign of growing trend.
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Hat World's new strategy looks beyond the nogginRestricted Content

July 10, 2010
Greg Andrews
Here’s the business plan: Expand from hat retailing into two new segments—licensed sports apparel and team-sports equipment—and benefit from the synergies among them.
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Van Rooy sweeps national maintenance 'Olympics'

July 10, 2010
 IBJ Staff
Three of the local firm's employees beat 3,000 contestants nationwide at a competition in New Orleans.
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CSO Architects plans new headquarters in former Bally's gym

July 10, 2010
 IBJ Staff
The 24,000-square-foot former fitness facility at 8831 Keystone Crossing is vacant and falling into disrepair.
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Purdue board OKs building 3rd luxury dorm tower

July 9, 2010
Associated Press
The board on Friday approved a $20.6 million construction contact for the First Street Towers project.
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INSIDE DISH: Tulip Noir owner learns as she goes

July 9, 2010
Mason King
TulipNoir Watch VideoDina Romay-Sipe, a designer turned novice restaurateur, cooked up Tulip Noir from scratch. Good advice along the way: Stick to your budget, pay your bills, and get it in writing.
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Westfield's proposed Symphony development under review

July 8, 2010
 IBJ Staff and Associated Press
The Westfield planning commission has asked city employees to further review the 1,400-acre mixed-use project that could include thousands of homes, shops, a YMCA and a baseball stadium.
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Taco trio takes unusual road to entrepreneurship

July 7, 2010
Scott Olson
Former soldier, disc jockey and nurse get off to a fast start selling hand-held food from a mobile unit.
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Broad Ripple baker opens downtown coffee shop

July 6, 2010
Kathleen McLaughlin
Rene's Bakery Inc. of Broad Ripple opened its first satellite location, Cafe Rene, Tuesday morning at 50 S. Meridian St.
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Appraisers have little to go on in tough deal market

July 6, 2010
Tom Harton
Until the market stabilizes, appraisers will be operating in an environment where 20 to 50 percent drops in property values aren’t uncommon.
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Developer George Broadbent sued for $9M by widow of co-founder

July 3, 2010
Greg Andrews
Avis Skinner alleges Broadbent isn’t making the payments he committed to when he bought out her husband's real estate interests in 2006.
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Delta Faucet adaps to new normal in homebuildingRestricted Content

July 3, 2010
Kathleen McLaughlin
The company's total employment is 1,345, down 43 percent from 2007.
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Biglari invests $41M in Steak n Shake parent over 2 monthsRestricted Content

July 3, 2010
Cory Schouten
The CEO of the parent company of Steak n Shake spent $40.8 million to acquire more than 134,000 shares in May and June. He now controls about 202,000 shares, or 14 percent of the 1.4 million shares outstanding.
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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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