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Real Estate & Retail
BROWNE: Finishing touches just now coming to Georgia Street
October 6, 2012
Bill Browne / Special to IBJTime didn't permit final upgrades before Super Bowl crowds descended on stretch.
MoreCity asks developers to make local hires in downtown TIF
October 6, 2012
Kathleen McLaughlinIndianapolis city-county councilors hope expanding the downtown TIF district will mean more jobs for their constituents. Developers,
city contractors and other firms benefiting from the expanded economic-development zone must try to ensure that 40 percent
of their work force comes from within the expanded TIF area.
MoreMainSource making most of prime downtown spot
October 6, 2012
Part of former Borders bookstore space is marketing opportunity for Greensburg-based bank. The other half could be turned
into lobby for Barnes & Thornburg.
MoreKeystone Group picked for Butler mixed-use project
October 6, 2012
The university chose Keystone over Kite Realty Group and Lauth Property Group to build housing, retail and parking worth up
to $45 million.
MoreCreditor could take ownership of downtown Comfort Suites
October 5, 2012
Scott OlsonThe owner of the hotel, an affiliate of Dora Brothers Hospitality Corp. in Fishers, filed for Chapter 11 bankruptcy in February.
German American Capital Corp., which is owed $12 million, could own the property by the end of the year.
MoreGerdt Furniture closing Castleton location
October 3, 2012
Scott OlsonThe 26-year-old store at 8602 Allisonville Road is liquidating its merchandise and is marking down prices as much as 70 percent.
Gerdt's original and lone remaining store, in Southport, will stay open.
MoreDefender Direct acquires Williams Comfort Air
October 3, 2012
Scott OlsonHome-security and satellite-dish installer Defender Direct Inc. has acquired local heating, cooling and plumbing powerhouse
Williams Comfort Air, creating a home-services company with nearly 2,200 employees and $335 million in annual revenue.
MoreDeveloper targets long-empty College Avenue retail building
October 2, 2012
Tom HartonTeagen Development Inc. has a purchase agreement for the 6,600-square-foot building at 1101 N. College Ave., rescuing it from
an attempt—since withdrawn—to demolish the structure.
MoreReceiver appointed to manage troubled Century Building
October 1, 2012
Scott OlsonA Marion Superior Court judge has appointed a receiver to manage the seven-story building in downtown Indianapolis that is
facing foreclosure. A lender to the building's owner claims it is owed $10.5 million.
MoreBig names competing for Butler project
September 29, 2012
Cory SchoutenButler University is finalizing plans for a mixed-use parking garage project near Clowes Hall that would include neighborhood
retail and housing and might cost as much as $45 million.
MoreSettlement allows Broadbent to keep downtown HQ
September 28, 2012
Scott OlsonThe Indianapolis developer will continue to own its corporate headquarters at 117 E. Washington St. after reaching a settlement
with two banks that had filed a lawsuit to foreclose on the building.
MoreFinish Line boosts earnings outlook on Macy’s deal
September 28, 2012
Scott OlsonThe Indianapolis-based athletic apparel retailer expects its sales to grow by $250 million to $350 million a year as a result
of a deal with Macy's Inc. to become the department store chain's exclusive athletic footwear partner.
MoreKennedys sell interests in running store chain
September 27, 2012
Anthony SchoettleBob and Melina Kennedy have sold their assets in BlueMile, a chain of running and fitness stores they founded 12 years ago
as The Running Co. Co-founders Ashley and Andrea Johnson are now sole owners.
MoreNature Conservancy HQ gets top green certification
September 27, 2012
IBJ Staff and Associated PressThe Nature Conservancy's energy-efficient Indiana headquarters has been certified with a top energy rating for innovations
that include three wind turbines.
MoreWomen's retailer plans $37M expansion, 242 jobs
September 27, 2012
New York-based Ascena Retail Group, whose female clothing brands include Justice, Lane Bryant, Maurices and Dressbarn, plans
to transform its 794,000-square-foot warehouse in Greencastle into an e-commerce distribution hub.
MoreCourt rules Steak n Shake broke pact with ad agency
September 26, 2012
Anthony SchoettleA District Court in Indiana this week ruled that Steak n Shake in 2009 breached its $4.36 million contract with its former
advertising agency, Georgia-based Varnson Group.
MoreVIDEO: Work on Fashion Mall at Keystone enters home stretch
September 26, 2012
Mason King
Much-anticipated upgrades to the high-profile Fashion Mall at Keystone will be ready for shoppers by mid-November. Mall
owner Simon Property Group provided a sneak peek on Wednesday of work under way.
HHGregg shares slide as company abandons Michigan plans
September 26, 2012
Scott OlsonThe stock price of the Indianapolis-based appliance and electronics retailer fell by more than 18 percent this week after
the company disclosed that it is postponing plans to open stores in Michigan.
MoreBiglari agrees to antitrust fine in Cracker Barrel deal
September 26, 2012
Bloomberg NewsThe chain-restaurant operator that owns Indianapolis-based Steak n Shake has agreed to pay $850,000 to settle procedural antitrust
violations stemming from its purchase of shares in Cracker Barrel Old Country Store Inc.
MoreTutwiler auto dealership closes after 48 years
September 25, 2012
Scott OlsonTutwiler Automotive had long been known as Tutwiler Cadillac before changing its name two years ago when its General Motors
franchise agreement expired. The dealership closed Saturday.
MoreFishers Marketplace gets new life under Thompson Thrift
September 25, 2012
Tom HartonA high-end apartment project and neighborhood retail center are scheduled to break ground soon as the first components of
the retooled Fishers Marketplace development at State Road 37 and 131st Street.
MoreBillie Creek up for auction after sealed bids fail
September 23, 2012
Associated PressThe Parke County historic site's land, buildings and antiques will be auctioned publicly on Oct. 20 during the county's
Covered Bridge Festival.
MoreNoble Roman's takes on take-and-bake format
September 22, 2012
Anthony SchoettleNoble Roman’s Inc. has baked up an idea to expand its franchising opportunities nationwide and dramatically increase
revenue. The Indianapolis-based pizza company is rolling out plans for a stand-alone, take-and-bake concept designed to rival
Papa Murphy’s.
MoreIndianapolis set for sweeping zoning overhaul
September 22, 2012
Cory SchoutenCode dating to 1969 to be updated to encourage density, sustainability and mass transit.
MoreSecond-quarter commercial real estate statistics for Indianapolis
September 22, 2012
Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates
and the local industrial market.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.