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Real Estate & Retail
Circle Centre to build entry through empty Nordstrom
November 17, 2012
Cory SchoutenConstruction could begin soon in the former home of Nordstrom at Circle Centre mall, but the project does not signal an end
to the mall’s limbo following the 2011 departure of its marquee anchor.
MoreGreen BEAN Delivery expands with second farm
November 17, 2012
The locally based purveyor of organic produce is leasing 50 acres in Ohio to serve its customers in that state, Indiana and
Kentucky.
MoreLocal chain takes vacant Clearwater restaurant spot
November 17, 2012
Zionsville-based Oobatz! will open in building formerly occupied by Uno Chicago Grill.
MoreMarsh Supermarkets names new CEO from ranks of A&P
November 15, 2012
Cory SchoutenThe parent company of Marsh Supermarkets has picked a new CEO to lead the locally based grocery chain.
MoreArea home-sale contracts rise 20 percent
November 14, 2012
Home-sale agreements in the nine-county Indianapolis area rose 20.6 percent in October, the 18th straight month of year-over-year
improvement in sales contracts.
MoreDowntown Crowne Plaza undergoing $8M renovation
November 14, 2012
Guest rooms will receive new furniture and bathrooms new floor tile and granite countertops. Improvements also will be made
to public and meeting spaces, in addition to food and beverage areas.
MoreZionsville, school district make $5.7M land deal with Dow
November 14, 2012
Scott OlsonZionsville Community Schools and the town of Zionsville are teaming up to purchase and develop a prime piece of real estate
owned by Dow Chemical Co.
MoreGift lets land trust preserve 109 acres in Johnson County
November 13, 2012
Dan HumanA $200,000 gift from the Dr. Laura Hare Charitable Trust will help the Central Indiana Land Trust acquire 109 forested acres
in southwest Johnson County.
MoreOne Mass Ave project starts; another one is in limbo
November 13, 2012
Tom HartonInsight Development has begun building an $11.5 million, 61-unit apartment project at Massachusetts Avenue and East and North
streets. But the fate of the second phase is up in the air because its financing had been tied to a project Insight
and Flaherty & Collins Properties had hoped to develop across Mass Ave at the site of the Indianapolis Fire Department
headquarters.
More$33 million mixed-use project to remake Fishers
November 10, 2012
Cory SchoutenFishers officials are finalizing a deal with a local developer for a mixed-use project that would launch a long-awaited transformation
of the town’s suburban core.
MoreSimon spared no expense with Manhattan residence
November 10, 2012
Greg AndrewsThe $25 million purchase ranked as the 12th-largest residential sale in New York City last year, according to the real estate
website Curbed NY.
MoreBattered Broadbent climbs back from brink
November 10, 2012
Cory SchoutenOne of the city’s best-known retail developers is alive and kicking again after a harrowing real estate downturn and
protracted legal battle with two lenders.
MoreAnother Broken Egg, Drake’s join local restaurant scene
November 10, 2012
IBJ StaffThree others, including Granite City Food & Brewery, are adding to their number of Indianapolis-area locations.
MoreArea home-building permit filings surge 46 percent
November 8, 2012
The Builders Association of Greater Indianapolis said October's jump marked the biggest year-over-year increase this year.
Activity was strongest in Hamilton and Hendricks counties.
MoreLocal Ruth's Chris franchisee takes aim at breakfast
November 8, 2012
Scott OlsonThe operator of the Ruth's Chris Steak House locations in Indianapolis is delving into the breakfast business by acquiring
the rights to open 16 Another Broken Egg restaurants. The first is slated to open in February on the north side.
MoreMass-transit advocates make headway in new Legislature
November 7, 2012
Kathleen McLaughlinThe $1.3 billion transit plan for Hamilton and Marion counties is one of a few lingering issues — along with Sunday
alcohol sales and a constitutional amendment banning same-sex marriage — likely to appear before lawmakers in 2013.
MoreSuzuki files bankruptcy, leaving U.S. market
November 6, 2012
IBJ Staff and Associated PressThe decision will affect two dealerships in the Indianapolis area: Bob Rohrman's Indy Suzuki and Used Car Superstore and the
Ray Skillman Westside Auto Mall, both of which sell new Suzuki vehicles.
MoreFacadeTek eliminating 72 jobs in Whitestown
November 6, 2012
Glass fabricator FacadeTek Inc. has notified state officials that it will eliminate 72 jobs at its Whitestown facility in
January.
MoreBuffett-owned residential brokerage network to have presence here
November 6, 2012
Tom HartonOmaha-based Berkshire Hathaway Inc., through its HomeServices of America unit, bought a majority stake in the Prudential and
Real Living real estate franchises from Brookfield Asset Management.
MoreTwo Indianapolis office buildings in foreclosure
November 5, 2012
Scott OlsonThe buildings on the northwest side of the city total nearly 200,000 square feet and are owned by an affiliate of a company
that operates 12 cemeteries and four funeral homes throughout Indiana.
MoreDry cleaners' solvents taint Martinsville's water
November 3, 2012
Chris O'MalleyThe U.S. Environmental Protection Agency recently proposed placing the city of Martinsville on its Superfund priority list,
citing groundwater contamination traced to several former dry cleaning shops in the heart of town.
MoreDry cleaners moving to 'perc' alternatives
November 3, 2012
Chris O'MalleyOne of the region’s largest dry cleaning companies recently washed its hands of perchloroethylene, the dry cleaning
chemical at the heart of about 170 cleaner site cleanups statewide.
MoreCity bans bulk land-bank sales after lopsided deal with not-for-profit
November 3, 2012
Cory SchoutenIndianapolis last year sold 154 properties from its land bank for $1,000 each to a novice not-for-profit, which immediately
flipped them for a total $500,000 profit. More than a dozen have changed hands multiple times since then, making investors
more than $1 million. (with interactive
map)
MoreSettlement talks afoot in Mel Simon estate brawl
November 3, 2012
Greg AndrewsAttorneys for Mel’s daughter Deborah asked a Hamilton County judge to put discovery deadlines on hold and vacate the
July 2013 trial date while the parties negotiate a “memorandum of understanding.”
MoreHHGregg adds furniture, exercise gear as TV sales fall
November 2, 2012
Cory SchoutenHHGregg Inc. is looking for ways to boost sales at its 224 stores in coming months as the homegrown company fights to offset
a huge drop in TV sales. The retailer reported a big decline in quarterly revenue Friday, but its shares soared nearly 19
percent.
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these guys only skill was to steal from other's hard earned savings.
I voted for him last time and it WAS the LAST time. He needed to to quit running around the world on useless trips, and giving our $$ away to sports teams. I'll vote for anyone but Ballard next time. BTW...we gave $40M to the Pacers and cannot even watch the games on TV.
For the people concerned about traffic, you should know that mixed-use projects (like the one being proposed), actually allows for and encourages more people to walk and bike, thereby mitigating additional automobile traffic. If we continue to design and build suburban-type projects in the City (i.e. automobile-oriented projects), we are not offering anything different from what the suburbs offer, which means we will continue to lose jobs/people to the suburbs. The reason Broad Ripple is somewhat successful today is that people want to live in a place that offers the convenience of being able to walk/bike to restaurants, retail, nightlife, the Monon, etc. Why would you not want to support a project that is complimentary to what already makes the area desirable? The real argument with this project should be its lack-luster design and layout, not the density.
It is unfortunate that there is a perception that celebrities validate an event. The Indy 500 stands on its own, especially for those coming in from out of town. It was always so disturbing to read the gushing descriptions of Ashley Judd threaded throughout the local coverage. Very happy that era is at an end.
Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.