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Real Estate & Retail
Carmel veterinarian opening animal hospital near Mass Ave
July 14, 2012
Woodland Animal Hospital owner will take former bookstore space in Chatham Arch neighborhood.
MoreMeadows neighborhood developer aims for retail
July 14, 2012
New housing, health facility could help attract grocer.
MoreHonda West negotiating to open Fishers dealership
July 14, 2012
It's not clear if the car dealer would leave its long-time home on West 38th Street.
MoreFinish Line's high-tech store prototype still has kinks
July 14, 2012
Cory SchoutenA prototype store launched by athletic shoe and apparel retailer The Finish Line Inc. on May 25 aims to use technology to
marry brick-and-mortar to the company’s online operation. But interactive tablets that are a centerpiece of the so-called
omnichannel strategy are not yet up and running.
MoreFirm pitching Super Bowl rentals in Indy ordered to pay up
July 12, 2012
Associated PressAn Indianapolis judge has ordered a Phoenix-based home rental company to pay nearly $218,000 for not providing promised services
before the Super Bowl last February.
MoreMore U.S., Indiana homes facing foreclosure risk
July 12, 2012
Associated PressMore than 1 million properties experienced foreclosure filings in the first half of 2012. Twenty states saw a first-half rise
in foreclosure activity from the same time a year ago. Indiana had the biggest rise on a percentage basis, with a 32-percent
increase in foreclosure activity.
MoreHHGregg shares plummet on new earnings forecast
July 11, 2012
IBJ Staff and Associated PressHHGregg Inc. shares plunged Wednesday after the Indianapolis-based appliance and electronics retailer said it expects to report
a wider first-quarter loss because of weak sales in its video business. It also cut its full-year outlook.
MoreCapitol City Ford owner acquires assets of Burd Ford
July 11, 2012
Bob Thomas Dealerships said it plans to operate multiple auto-related businesses at the Burd facility at 10320 Pendleton Pike,
including a used-car dealership called Sharp Cars.
MoreMassive unused Tipton plant goes back on the market
July 11, 2012
Scott OlsonThe never-occupied 781,500-square-foot facility is on the market for $39.5 million, a steep discount from the original cost
of roughly $100 million. The plant was built to manufacture auto transmissions. A plan to make solar panels at the site also
collapsed.
MoreMarsh closing three grocery stores in central Indiana
July 10, 2012
Scott OlsonMarsh Supermarkets Inc. confirmed Tuesday afternoon that it is closing stores in Greenwood, Anderson and Martinsville. Many
employees will get a severance package or an option to transfer to another location.
MoreCIB mulling sale of historic downtown building
July 10, 2012
Scott OlsonThe Capital Improvement Board has owned the Ober building, at 107 S. Pennsylvania St. near Bankers Life Fieldhouse, since
1999. Members on Monday voted to begin soliciting bids.
MoreCity launches extensive rezoning initiative
July 10, 2012
Tom HartonThe nearly $2 million effort, named Indy Rezone, is being steered by city planners, private developers, elected officials,
architects, community activists and others.
MoreIDI taps not-for-profit veteran to succeed Zahn
July 9, 2012
Scott OlsonSherry Seiwert, executive director of the Indiana Housing and Community Development Authority, replaces longtime leader Tamara
Zahn, who announced in February that she would leave once a successor was found.
MoreTOLLIVER: Evolving market dynamics impact medical real estate
July 7, 2012
Jason Tolliver / Special to IBJAs medical innovation continues to flourish in our city ... you can expect to see a direct impact on the where and how you
and your loved ones receive comprehensive medical services.
MoreBoard's ruling puts Fall Creek home sites back on market
July 7, 2012
Cory SchoutenBuyers have quickly snapped up two home sites and the city might sell seven more on a stretch of Broadway Street where The
Oaks Academy had hoped to build a soccer field.
MoreBuilding relationships pays off for contractor Gray
July 7, 2012
Andrea Muirragui DavisSteve Gray Renovations grew during the remodeling industry’s worst downturn in more than two decades.
MoreCousin wins minor damages in Mike's Carwash lawsuit
July 6, 2012
Dan HumanA Hamilton County judge has ruled that a former co-owner of Mike’s Carwash Inc. receive just $140,000 in damages in
a civil case that sought close to $30 million.
MoreHofmeister files bankruptcy reorganization plan
July 6, 2012
Dan HumanHofmeister Personal Jewelers Inc. plans to pay off its creditors over seven years as part of the well-known Indianapolis retailer’s
bankruptcy restructuring.
MoreNational retailers report tepid sales for June
July 5, 2012
Shoppers, worried about jobs and the overall economy, pulled back on spending in June, resulting in disappointing sales for
many retailers.
MoreIrving Materials acquires northern Indiana competitor
July 5, 2012
Greenfield-based Irving Materials Inc.'s purchase of Rock Industries in Peru brings its total number of mining operations
in Indiana to 18. Rock Industries operates quarries in Peru and Plymouth.
MoreRivoli Theatre finally cleared for comeback
July 3, 2012
Tom HartonA legal battle that had threatened the east-side landmark has been settled, and a $300,000 grant has been secured to begin
stabilizing it.
MoreIndiana fireworks bans hitting dealers hard
July 2, 2012
Associated PressFireworks retailers around Indiana say their sales have taken a big hit from the fireworks bans being put in place because
of the state's drought conditions.
MoreJ.C. Penney closing distribution center, laying off 230
July 2, 2012
IBJ StaffThe distribution center, which opened in 2002 near the Indianapolis International Airport, will close by the end of September,
company officials said.
MoreA year later, Circle Centre Nordstrom vacancy lingers
June 30, 2012
Cory SchoutenWithout a rapid-fire lease deal and renovation, the former Nordstrom anchor space at Circle Centre will sit idle for a second
holiday season. The more general-audience-oriented department store chain Macy’s remains the odds-on favorite to replace
Nordstrom, though it would take only a portion of the available space.
MoreFinish Line stock jumps after profit exceeds expectations
June 29, 2012
Scott OlsonThe Indianapolis-based retailer's profit fell 25 percent in the first quarter, but beat analyst predictions. Shares rose nearly
12 percent on the day.
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"And the success of the Indiana GOP to not allow an expansion of Medicaid had nothing to do with Indiana hospitals' financial woes? Fixed that for you; editorial bias rebalanced. Seriously, there are so many things wrong with Obamacare that the only way one can view it as a success is to assume that it was designed to fail our way into a government single payor healthcare system. The system is complex, creates huge regulatory burdens and overhead and yet still does not have adequate means to control escalating health care costs. But then when you elect a 10th grade math drop out with no quantitative reasoning skills to be President of one of the world's most important economies in troubled times, you can't really be surprised by blatant stupidity.
No NIMBYs here to chase off a decent development. We don't need tons of parking and we'd happily play the role of host to a downtown Whole Foods.
Whatever you do, don't change a single thing about Broad Ripple. I want it to look just like it did in the late '70s, with 30% of the north side of Broad Ripple Avenue burned out and plenty of places to park. That's right Broad Ripple, NEVER CHANGE. Let the world pass you by, don't improve your empty, abandoned lots full of weeds. Someday someone will want to film a zombie movie here.
Hollywood could step in and make a movie about the history about this forlorn series. It could be a full celebrity cast of characters. WOW. http://www.advanceindiana.blogspot.com/2013/02/indiana-taxpayers-forced-to-pay-for.html
This shouldn't come as a shock to many. Austin is a great city, and Indy needs to take some notes. Austin invests in decent transit options, has a highly educated workforce, embraces a creative class, and --despite being the state capital-- is not micromanaged by rural and suburban legislators. Want Indy to grow? Invest in the city (i.e. spend money). Raise taxes a bit, and use the money to improve education. And keep the state legislature out of Indy the other 9 months of the year.