Real Estate & Retail

Up-and-comer molds city's justice center dealRestricted Content

May 10, 2014
Kathleen McLaughlin
David Rosenberg, 28, leads Mayor Greg Ballard’s effort to build a new jail and criminal courts for Marion County, which could cost as much as $400 million, all with no new revenue.
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Mortgage rates sink to 2014 low

May 8, 2014
Associated Press
Warmer weather has yet to boost home-buying as it normally does. Rising prices and higher rates have made affordability a problem for would-be buyers, while many homeowners are reluctant to list their properties for sale.
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Whole Foods confirmed as Market Square anchor

May 6, 2014
Scott Olson
The specialty grocery chain will occupy 40,000 square feet on the ground level of the $81 million development slated to be built on a portion of the former Market Square Arena site.
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HHGregg launches rebranding effort to improve sales

May 6, 2014
Scott Olson
The electronics and appliance chain has unveiled a new logo and advertising spots, in addition to improvements to its website and delivery service, as it attempts to keep pace with competitors.
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City Dems propose $16 million more for road repairs

May 6, 2014
Kathleen McLaughlin
Indianapolis City-County Council Democrats want to spend $16 million more on emergency road work. The Democrats oppose Republican Mayor Greg Ballard's plan for a $150 million bond issue and instead want to tap general and special funds.
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Office Depot to close 400 stores nationwide

May 6, 2014
Associated Press
Office Depot has at least seven stores in the area, according to its website, including three locations in Indianapolis and single stores in Carmel, Anderson, Greenwood and Avon.
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Veteran real estate exec takes helm of DTZ office

May 6, 2014
Scott Olson
David Reed, who once led CBRE's local operations, has joined Chicago-based DTZ as a managing director, a post that will put him in charge of growing the company's Indianapolis presence.
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Circle Centre reports higher occupancy, lower revenue

May 5, 2014
Scott Olson
New tenants including Granite City Food and Brewery and Firehouse Subs helped boost Circle Centre mall’s occupancy to nearly 90 percent in 2013, but sales per square foot and revenue slipped.
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Target CEO Steinhafel out in wake of data breach

May 5, 2014
Associated Press
The nation's third-largest retailer, which has 13 stores in the Indianapolis area, has struggled to regain its footing in the five months since hackers stole credit and debit card information on tens of millions of customers.
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Flaherty becoming mixed-use master

May 3, 2014
Scott Olson
Developer's Flaherty & Collins is gaining a reputation developing trendy projects, the latest of which is a 28-story retail and residential tower on the site of the former Market Square Arena.
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Precedent Office Park owner cashes out at steep loss

May 3, 2014
Scott Olson
The owners of the 19-building Precedent Office Park are poised to unload the massive property, but at a price much cheaper than what they gave nine years ago during the height of the real estate boom.
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First-quarter commercial real estate statistics for IndianapolisRestricted Content

May 3, 2014
Check out the latest office and industrial statistics.
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IU plots $200M life sciences hub in former Wishard Hospital

May 3, 2014
Dan Human
The envisioned 26-acre, $200-million-or-more complex would bridge IU’s School of Medicine with the city’s life sciences firms, including those at the nascent 16 Tech, a business park.
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Marsh set to dominate downtown grocery marketRestricted Content

May 3, 2014
Scott Olson
When the new downtown Marsh grocery debuts later this month, it will give the local supermarket chain a lock on the urban core—at least until the arrival of another competitor expected with redevelopment of the Market Square Arena site.
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Design group honoring Ratio Architects founderRestricted Content

May 3, 2014
Local architect Bill Browne, president and founder of Ratio Architects, will be honored May 22 by the Interior Design Coalition of Indiana as its 2014 Legend IN Design recipient.
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Kite Realty reports profit on soaring revenue

May 1, 2014
Revenue jumped to $42.7 million as more of the company's retail developments became operational. Its acquisition of nine properties in November also contributed to the gain.
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Duke Realty reports first-quarter growth in FFO

April 30, 2014
The Indianapolis-based real estate developer saw higher revenue and improved funds from operations, a common measure of performance for real estate investment trusts, in the first quarter.
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Exec from struggling RadioShack joins HHGregg

April 30, 2014
 IBJ Staff
In joining the Indianapolis-based firm as COO, Troy Risch trades one big retailer struggling to find its footing for another.
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Two downtown office towers poised to get new asset manager

April 29, 2014
Scott Olson
Sam Zell's Equity Group Investments would step in at Chase Tower and PNC Center, replacing a firm accused of conflicts of interest and underperformance.
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City predicts rising property values around justice center

April 28, 2014
Kathleen McLaughlin
The argument that the complex could help revitalize the neighborhoods near the former GM stamping plant southwest of downtown could be crucial for securing the support of residents.
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Central Indiana home to 2 of state's 10-most-endangered places

April 26, 2014
 IBJ Staff
The Mills House in Greenwood appeared on the list for the first time, while the Anderson Athletic Park Pool made a return appearance. Indiana Landmarks unveiled the list at its Rescue Party Saturday night.
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Competition spurs Butler to launch blitz of renovation, constructionRestricted Content

April 26, 2014
Scott Olson
Butler University plans to add new residence halls, construct a larger facility to house its business school, and renovate existing academic buildings and dormitories as part of sweeping upgrades at the private school.
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Flurry of renovations upgrade downtown Indianapolis hotel scene

April 26, 2014
Anthony Schoettle
Trend driven by hyper competition, pent-up demand from the recession, opening of JW Marriott.
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Firm that figured out how to sell hair-salon products online is snapped up by giantRestricted Content

April 26, 2014
Dan Human
Indianapolis startup Loxa Beauty was barely generating revenue last year when one of the biggest companies in its industry offered to buy it.
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Finish Line's chain of running stores 'turning a corner'Restricted Content

April 26, 2014
Scott Olson
The Finish Line Inc.’s 48-store specialty running chain has been stuck in neutral and unable to grind out a profit since its inception three years ago. But the Indianapolis-based athletics retailer thinks its Running Specialty Group is poised at least to break even this year after reporting small losses every year since 2011.
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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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