Real Estate & Retail

Mobile boutique takes pop-up retail on the roadRestricted Content

April 6, 2013
Jill McCarter
Heather Hogan Pirowski, owner of Retro 101, is among a growing number of retailers who have chosen the nomadic lifestyle . Looking for an alternative to the fixed overhead of a permanent location, they set up shop at a site for a few days or weeks, then pack up and move on.
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Ice to take over operations at Pan Am skating facility

April 5, 2013
Mason King
The Indiana Ice have come to an agreement with owner Kite Realty Group to use the Pan Am Plaza skating facility as a training center and venue for games after renovations this summer. It also will be open to the public for other ice-related activities.
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Noblesville OKs $40 million upscale apartment project

April 5, 2013
Andrea Muirragui Davis
The vast multifamily project in the city’s massive Corporate Campus would effectively close out such development there. City officials hope it will attract more businesses.
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Ice likely to play more games at revamped Pan Am facilities

April 5, 2013
Scott Olson
Building owner Kite Realty Group Trust has agreed to renovate the aging facility's ice rinks to enable the hockey team to play more games there next season.
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Greenwood pet store stocked with exotic critters

April 5, 2013
Associated Press
From tarantulas to emperor scorpions and monitor lizards, Pandemonium Exotics caters to enthusiasts looking for pets beyond a dog or cat.
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Simon sticks with key terms of CEO's pay despite shareholder ire

April 5, 2013
Greg Andrews
The company made small adjustments to David Simon's package but left in place the element that created the largest controversy—a stock retention bonus valued at $120 million he'll receive if he stays through July 2019.
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Monument Circle face-lift set to move forward

April 4, 2013
Kathleen McLaughlin
The city recently signed a $555,750 contract with a local firm for design work on the Circle, leading to a two-year repaving project with other improvements.
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Skating academy to close ice rinks at Pan Am Plaza

April 3, 2013
 IBJ Staff
Indiana World Skating Academy, a fixture in downtown Indianapolis since 1987, plans to suspend operations of its two indoor ice rinks at Pan Am Plaza this month and begin looking for a new location, the not-for-profit announced Wednesday.
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Charlie & Barney's ends 36-year restaurant run

April 3, 2013
Scott Olson
Indianapolis chain Charlie & Barney's, known for its chili, has closed its flagship downtown location, leaving it without a restaurant for the first time since its 1977 founding.
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Pedcor moving ahead with $13M Central State apartments

April 2, 2013
Scott Olson
The Retreat on Washington would be the developer's second project at the former psychiatric hospital campus on Indianapolis' west side.
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Lilly to spend $180M doubling size of Indy plant

April 2, 2013
The new investment will bring the plant's total price tag to $320 million as the pharmaceutical giant seeks to increase production of insulin and related products.
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Appeals court upholds Marsh's $18.2M award from Roche

April 1, 2013
 IBJ Staff, Jennifer Nelson / The Indiana Lawyer
The Indiana Court of Appeals upheld an $18.2 million judgment Monday in favor of Marsh Supermarkets LLC on its complaint alleging that Roche breached a contract to sublease space in the Fishers building that houses Marsh’s headquarters.
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Whitsett bids to redevelop Star headquarters

April 1, 2013
Scott Olson
One of the city's most prolific developers of affordable housing hopes to buy the Indianapolis Star headquarters to redevelop the property into apartments or condominiums.
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RACE: Zoning overhaul might not go far enoughRestricted Content

March 30, 2013
Bruce Race / Special to IBJ
Indy Rezone won't change the city's timid approach to planning.
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Veteran residential launches own real estate firmRestricted Content

March 30, 2013
 IBJ Staff
Joe Everhart, who had spent 20 years at the Sycamore Group, opened his own business at 716 Massachusetts Ave.
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Crunching the numbers on ObamacareRestricted Content

March 30, 2013
J.K. Wall
The biggest changes from President Obama’s 2010 health reform law take effect nine months from now, so many Hoosier employers have started crunching detailed numbers to cost out their options.
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Land prices creeping up after collapsing in bustRestricted Content

March 30, 2013
Scott Olson
Ultra-cheap residential land is disappearing quickly as home-building activity rebounds from the Great Recession.
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Senators stalling Indiana online sales-tax proposal

March 29, 2013
Associated Press
Some key state senators are sidelining a bill that would make Amazon.com and other online-only retailers start collecting Indiana's 7-percent sales tax this summer.
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Boomerang comes back with plans for Noblesville subdivision

March 29, 2013
Andrea Muirragui Davis
A local developer is moving forward with plans to build a 144-lot subdivision in Noblesville—the first such project city officials have OK’d since approving another proposal for the same property in 2007.
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Bill would expand state’s historic preservation tax credit

March 29, 2013
 The Statehouse File
Legislation that was killed last year after passing the Indiana House has been revived this session in hopes of spurring more historic renovation across the state.
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Higher payroll taxes take toll on restaurants

March 28, 2013
Associated Press
So far, 2013 has been "a roller coaster ride" for Indiana eateries, according the state trade association's president. Industry observers say a 2-percent increase in the payroll tax is a likely culprit in a nationwide sales decline.
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Finish Line hits snag in new running segment

March 28, 2013
Scott Olson
The athletic footwear and clothing company said Thursday that its fiscal fourth-quarter earnings dropped 18 percent due to lackluster sales at stores open at least a year.
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Local REITs charge ahead of pack in bull market

March 27, 2013
Scott Olson
Indiana real estate investment trusts are hitting new highs while outpacing the bull market and their peers in the usually hardy and suddenly hot sector.
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Whole Foods shelves store slated for Fishers

March 26, 2013
Andrea Muirragui Davis
High-end grocery chain Whole Foods Market Inc. wants to triple the number of stores it operates, but the company has bagged plans for a location on 116th Street in Fishers.
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Bru, Mesh owner planning third eatery in Mass Ave neighborhood

March 26, 2013
Scott Olson
Mike Cunningham has signed a letter of intent to buy a building at 620 N. East St. that he said would house a "new American diner."
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  1. These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.

  2. The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)

  3. As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.

  4. The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.

  5. I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.

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