Real Estate & Retail

Proposed GM plan reserves space for soccer stadiumRestricted Content

November 9, 2013
Anthony Schoettle
One of the players vying to redevelop the former General Motors metal-stamping plant has set aside room in his plans for a roughly 10,000-seat stadium where his own North American Soccer League franchise could play.
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Chocolate artisan sets sights on CarmelRestricted Content

November 9, 2013
Shelbyville-based Chocolate for the Spirit is opening a retail storefront in Carmel in time for the holiday shopping season.
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Former Marsh exec joins local Colliers officeRestricted Content

November 9, 2013
Former Marsh Supermarkets Inc. executive Bill Marsh has joined the Indianapolis office of Colliers International as vice president of retail services.
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Noble Roman's sees rising profit, revenue

November 7, 2013
 IBJ Staff
The company said it has entered into agreements to open 45 stand-alone take-n-bake pizza locations.
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U.S. economic growth perks up in third quarter

November 7, 2013
Associated Press
The U.S. economy expanded at a 2.8-percent annual rate from July through September, a surprising acceleration ahead of the 16-day partial government shutdown.
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Kite Realty to pay $307M for 9 retail properties

November 6, 2013
The Indianapolis-based real estate firm said the properties total 2 million square feet and are mostly located in Florida, Georgia and Texas. The acquisition would bump the size and value of Kite's portfolio by about 20 percent.
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Former Simon exec pleads guilty to fraud in kickback scheme

November 5, 2013
 IBJ Staff
Carmel resident Mark Palombaro, 55, likely faces prison time after admitting to his role in a scheme that prosecutors say netted him $766,000.
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Local developer plans six-story office building in Castleton

November 5, 2013
Scott Olson
Edgeworth Laskey Properties LLC, which has developed three buildings within Allison Pointe Park, bought the 10.5-acre parcel along Interstate 465 from a suburban Chicago company.
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Summit partners seek tax break for $14M distribution facility

November 4, 2013
They plan to spend $14 million to build the 542,000-square-foot warehouse on 33 acres on the city's west side. One condition of the tax abatement is finding a user that would create at least 50 jobs by 2018.
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Judge sentences attorney Page to probation, fine

November 4, 2013
Cory Schouten
Attorney and real estate developer Paul J. Page will serve two years of probation and pay a $10,000 fine for concealing the source of a $362,000 down payment on his purchase of a state-leased office building in Elkhart.
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Startup bakery seeking tax breaks on $78M project

November 4, 2013
 IBJ Staff
Dallas-based Specialty Bakery LLC plans to build a 226,778-square-foot production and distribution facility in southwest Indianapolis that would create 241 jobs by 2018.
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Tireless agent Bif Ward closing in on $1B milestoneRestricted Content

November 2, 2013
Scott Olson
For 34 years, Ward has been selling homes in the Indianapolis area, often to the city’s elite, racking up 12-hour days during her busiest times.
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Discount retailers, grocers await impact of food-stamp cut

November 1, 2013
Bloomberg News
With an estimated 8 percent of shoppers using food stamps, the impact will probably be felt most acutely by discount retailers such as Dollar General Corp., Family Dollar Stores Inc. and Wal-Mart Stores, analysts say.
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Kite reports smaller quarterly loss on much higher revenue

November 1, 2013
The Indianapolis-based real estate investment trust said that it lost $900,000 in the quarter, compared with a loss of $3 million during the same period a year earlier.
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Conference eyes preservation as development tool

October 31, 2013
Associated Press
A national gathering of preservation experts this week in Indianapolis are toasting some of the success stories historic preservation can foster by helping spark revitalization in neighborhoods and city centers.
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HHGregg shares slump as profit, sales weaken

October 31, 2013
Scott Olson
HHGregg Inc.’s revenue fell in its latest quarter as the Indianapolis-based electronics and appliance retailer saw a decline in sales of televisions and computers.
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Duke Realty reports smaller loss on gains from property sales

October 30, 2013
 IBJ Staff
The Indianapolis-based real estate firm held steady in the third quarter, maintaining high occupancy in its commercial buildings and increasing funds from operations.
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Preservationists float ideas for reusing City Hall

October 30, 2013
Scott Olson
An upscale hotel, a brewery and an event center were among the proposals suggested by members of the National Trust for Historic Preservation. The group is holding its annual conference in Indianapolis for the first time.
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Four local firms vying to redevelop GM stamping plant site

October 30, 2013
Scott Olson
At least one of the proposals for the site, which has been vacant since 2011, would create a suburban-type office park in an urban environment.
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Marion County, Simon tangle over value of malls

October 29, 2013
Indiana Lawyer Staff, Dave Stafford
A years-long fight between Marion County and mall developer Simon Property Group Inc. has moved to the Indiana Tax Court as a judge weighs vastly different estimates of the values of Lafayette Square Mall and Washington Square Mall.
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Tom Wood dealership snaps up 15 acres near Anson

October 29, 2013
Scott Olson
The local auto group that sells 14 car brands could move its Toyota dealership from Lafayette Road to the Zionsville site, where the population is growing thanks to the Anson development.
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Clock change means extra hour for Indiana bars

October 29, 2013
Associated Press
Indiana bars and liquor stores will be able to stay open an extra hour this weekend as daylight saving time ends for the year.
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Home insurers changing policies, raising premiums in wake of losses

October 26, 2013
Scott Olson
Big claims in recent years are driving up prices of policies in Indiana and causing some insurers to cut back coverage.
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Pences settle into 1928 Governor's Mansion in Butler-Tarkington areaRestricted Content

October 26, 2013
Katie Maurer
The state's first couple are adding small personal touches and raising money to continue making improvements.
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Ritzier hotels may lure top events, but year-round demand unclear

October 26, 2013
Anthony Schoettle
Indianapolis lacks a five-star hotel, a fact some hospitality experts think could hurt the city’s chances of landing the 2018 Super Bowl. But there’s no consensus on whether the city should go more upscale.
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