Real Estate & Retail

Second developer facing foreclosure on Fishers property

October 20, 2009
Scott Olson
The developer of the proposed $80 million project is facing foreclosure on the property at the same time adjoining land critical to the project's development has been scheduled for liquidation by a lender.
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Law firm sticks with unconventional space

October 20, 2009
Tom Harton
With its expansion last month into the historic Eden-Talbott House at 1336 N. Delaware St., the local environmental law firm Plews Shadley Racher & Braun now owns and occupies three historic homes and a 1950s-era office building in the same block.
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Northeast-side CVS gets nod

October 17, 2009
 IBJ Staff
The Metropolitan Development Commission has given its blessing to a new CVS store along 82nd Street just east of Interstate 69 over the objection of city planners.
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Virginia homebuilder enters market

October 17, 2009
 IBJ Staff
Home-building powerhouse Ryan Homes is marketing lots in 10 subdivisions it has taken over from the defunct local builder CP Morgan Communities.
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First-time buyer tax credit isn't moving pricier homesRestricted Content

October 17, 2009
Cory Schouten
The incentive has not generated a hoped-for boost in sales of homes at higher price-points. About 30 percent of the sales eligible for the tax credit are foreclosures, meaning the seller likely won’t buy another home.
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Duke Realty to unload local land holdings at auctionRestricted Content

October 17, 2009
Cory Schouten
The locally based company plans to raise millions of dollars by selling nine undeveloped tracts in Indianapolis, Fishers, Plainfield and Lebanon.
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Bloomington mayor to roll out chain-store ordinance for downtown

October 17, 2009
Kathleen McLaughlin
Bloomington Mayor Mark Kruzan believes this beloved college town loses a bit of its identity every time a national chain sets up shop.
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Area building permits fall for 23rd straight month

October 16, 2009
The number of building permits issued in the nine-county Indianapolis area fell 20 percent in September from the same time last year, marking 23 consecutive months of declines.
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State seeks at least $6.5M for 19-acre site

October 15, 2009
 IBJ Staff
The Indiana Finance Authority said Thursday it plans to auction off a vacant 19-acre development parcel between the White River and Fall Creek near downtown Indianapolis.
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Fishers water park developer hopeful despite setback

October 15, 2009
Scott Olson
The developer of a proposed hotel and water park in Fishers remains optimistic the project will get finished, despite the latest setback delaying the start of construction by at least two years.
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City strengthens building-permit process

October 14, 2009
Scott Olson
The pre-permit review could add nearly three weeks to the current permitting process
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Louisville company purchases assets of local distributor

October 14, 2009
Louisville-based Bailey Tools & Supply Inc. said Tuesday that it has purchased the assets of Indianapolis distributor Capitol Drilling & Contractors Supply.
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O'Malia's closing northside market after 33 years

October 13, 2009
Cory Schouten
The O'Malia's Food Market near 56th Street and Emerson Avenue will close for good this weekend after a 33-year run.
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Shopping center vacancies continue to climb

October 12, 2009
Scott Olson
Vacancies at U.S. shopping malls and retail strip centers have climbed to steep levels, a trend that Indianapolis-based commercial real estate companies Simon Property Group Inc. and Kite Realty Group Trust haven't been able to dodge.
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Grocery, housing projects could rejuvenate stretch of 16th Street

October 10, 2009
Cory Schouten
A troubled low-income housing project has a new owner with plans to redevelop the complex to better connect with the Herron Morton Place neighborhood. Next door, Kroger has revived efforts to acquire land and plan a new supermarket to replace a cramped, old-format location.
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Industrial real estate holding up during downturnRestricted Content

October 10, 2009
Industrial real estate in Indianapolis hasn’t escaped a bumpy ride caused by the recession, but it has managed to withstand turbulence better than the office and retail sectors.
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Proposed Fishers medical park faces uncertain demandRestricted Content

October 10, 2009
Scott Olson
The business park would encompass about 900 acres on the town’s northeast side and require rezoning of much of the land, from residential and agriculture to commercial.
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Firms line up to find new uses for old airport terminal, other properties

October 10, 2009
Chris O'Malley
The cash-strapped Indianapolis Airport Authority suddenly can’t look soon enough at developing some of its vast real estate holdings, including the city’s former passenger terminal. This month, it plans to conduct final contract negotiations with a firm that would study reuse of the old terminal, adjacent land and other airport holdings.
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Kroger ads in Star grab attention, raise eyebrowsRestricted Content

October 10, 2009
Anthony Schoettle
A new eye-grabbing advertising design in The Indianapolis Star has some wondering where ad content stops and news content begins.
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Green year for city hall, businesses

October 10, 2009
 IBJ Staff
It’s been a year since Republican Mayor Greg Ballard launched the City’s Office of Sustainability. On Oct. 6, Ballard and his sustainability director, Karen Haley, outlined accomplishments in the first year.
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Controversial downtown project to get tax abatement

October 7, 2009
Scott Olson
The Indianapolis Metropolitan Development Commission approved a 10-year tax abatement Wednesday afternoon for a controversial public-private plan to redevelop a vacant downtown office building.
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'Makeover' making another trip to central Indiana

October 7, 2009
 IBJ Staff
Popular ABC show 'Extreme Makeover: Home Edition' is returning to central Indiana.
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Cabela's puts Greenwood property up for sale

October 7, 2009
Cabela's is selling the land on which it had planned to build a store in Greenwood.
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Fishers officials propose huge medical park

October 5, 2009
 IBJ Staff
Fishers development officials anticipate unveiling plans for a huge medical business park near Interstate 69's Exit 10 Wednesday night at the town's regular council meeting.
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Camera retailer Roberts adjusts to the times, plans new store

October 3, 2009
Cory Schouten
The home-grown retailer lately has sought to supply cameras for government and law-enforcement entities as its once-reliable newspaper clientele scales back.
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  1. President Obama has referred to the ACA as "Obamacare" any number of times; one thing it is not, if you don't qualify for a subsidy, is "affordable".

  2. One important correction, Indiana does not have an ag-gag law, it was soundly defeated, or at least changed. It was stripped of everything to do with undercover pictures and video on farms. There is NO WAY on earth that ag gag laws will survive a constitutional challenge. None. Period. Also, the reason they are trying to keep you out, isn't so we don't show the blatant abuse like slamming pigs heads into the ground, it's show we don't show you the legal stuf... the anal electroctions, the cutting off of genitals without anesthesia, the tail docking, the cutting off of beaks, the baby male chicks getting thrown alive into a grinder, the deplorable conditions, downed animals, animals sitting in their own excrement, the throat slitting, the bolt guns. It is all deplorable behavior that doesn't belong in a civilized society. The meat, dairy and egg industries are running scared right now, which is why they are trying to pass these ridiculous laws. What a losing battle.

  3. Eating there years ago the food was decent, nothing to write home about. Weird thing was Javier tried to pass off the story the way he ended up in Indy was he took a bus he thought was going to Minneapolis. This seems to be the same story from the founder of Acapulco Joe's. Stopped going as I never really did trust him after that or the quality of what being served.

  4. Indianapolis...the city of cricket, chains, crime and call centers!

  5. "In real life, a farmer wants his livestock as happy and health as possible. Such treatment give the best financial return." I have to disagree. What's in the farmer's best interest is to raise as many animals as possible as quickly as possible as cheaply as possible. There is a reason grass-fed beef is more expensive than corn-fed beef: it costs more to raise. Since consumers often want more food for lower prices, the incentive is for farmers to maximize their production while minimizing their costs. Obviously, having very sick or dead animals does not help the farmer, however, so there is a line somewhere. Where that line is drawn is the question.

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