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Real Estate & Retail
Bill to toughen state 'bath salts' laws advances
February 20, 2013
Associated PressThe bill would require the state to suspend the business license for a year of any retailer caught selling synthetic drugs
or lookalikes.
MoreOffice Depot agrees to buy OfficeMax for about $1.2B
February 20, 2013
Associated PressThe move would combine the No. 2 and No. 3 office supply retailers and lead to consolidation in an industry that analysts
say is over-stored. Office Depot has eight stores in the Indianapolis area and OfficeMax has five.
MoreREI, Chicago partner picked to build office building at IUPUI
February 19, 2013
Tom HartonThe five-story, $22.9 million building would be constructed on university-owned land at the northeast corner of New York Street
and University Boulevard.
MoreLegislature backs delay for Indiana farmland tax hike
February 18, 2013
Associated PressNew calculations for property taxes on Indiana farmland would be delayed for a year under a proposal approved by the state
Legislature.
MoreDecision could come soon on Don Marsh severance claim
February 18, 2013
Scott OlsonThe issue will be decided by Judge Sarah Evans Barker, who presided over a two-week civil trial that saw a federal jury return
a $2.2 million judgment against the former CEO of Marsh Supermarkets Inc. late Friday night.
MoreBankruptcy stops condos' auction
February 18, 2013
Dan HumanAn Indianapolis developer’s last-minute bankruptcy filing halted the auction of a struggling downtown condominium project.
MoreJury returns $2.2M judgment against Don Marsh
February 16, 2013
IBJ StaffA federal jury returned a $2.2 million judgment against iconic Marsh Supermarkets CEO Don Marsh late Friday, finding that
he tapped corporate coffers for personal expenses.
MoreIndy-area home sales off to strong start in 2013
February 15, 2013
IBJ StaffHome-sale agreements in the nine-county Indianapolis area spiked 17.2 percent in January compared to the same month a year
earlier, suggesting last year's housing recovery continues to gain momentum.
MoreDrywall contractor charged with underpaying employees
February 15, 2013
Dan HumanAn Indianapolis drywall contractor faces criminal charges that he underpaid his employees working on a government housing
project, and then falsified documents to cover it up, the Marion County Prosecutor's Office announced Friday.
MoreJury to begin deliberating in Don Marsh trial
February 15, 2013
Scott OlsonThe panel of nine will begin closed-door discussions Friday afternoon following closing arguments from attorneys representing
Marsh Supermarkets Inc. and the former CEO of the company accused of spending $3.3 million of company funds on personal expenses.
MoreWitnesses: Don Marsh’s expenses never questioned
February 14, 2013
Scott OlsonLawyers for the former CEO of Marsh Supermarkets on Thursday hammered home their claims his expenses were widely accepted in the company as normal business costs, while witness testimony revealed a corporate culture that passed the buck on evaluating those costs.
Marsh Supermarkets rests case against former CEO
February 13, 2013
Scott OlsonLawyers for Don Marsh got their first chance to go on the offensive Wednesday after Marsh Supermarkets Inc. rested its case
against the company's former CEO.
MoreDavid Marsh defends trips he took at company's expense
February 12, 2013
Scott OlsonThe former Marsh Supermarkets president told jurors: "Every time I used [the plane] I had a time constraint, and my time was
valuable to the company."
MoreSun Capital execs 'shocked' by Marsh financials
February 12, 2013
Scott OlsonAny feelings of satisfaction that Sun Capital Partners executives had after completing the acquisition of Marsh Supermarkets
Inc. quickly turned to "shock and surprise," a managing director of the private-equity firm told jurors Tuesday.
MoreHome-building permit filings continue to climb
February 12, 2013
Area home-building activity continues to improve as the number of single-family permits filed in January jumped 55 percent
from the same period last year.
MoreArchitectural firm A2SO4 ordered to cease operations
February 12, 2013
Chris O'MalleyThe Indiana Department of Revenue has revoked the Indianapolis firm's retail merchant certificate, alleging it owes more than
$43,000 in taxes.
MoreDowntown projects face crucial hurdles
February 12, 2013
Tom HartonTwo downtown apartment projects seek critical government approvals in the next month, while another commercial project
is on track to start this year.
MoreCIB cuts price on Ober Building after inspections
February 11, 2013
Cory SchoutenThe Capital Improvement Board of Marion County has agreed to slash its sale price on downtown's Ober Building by $700,000
after inspections showed problems including a leaky roof and damaged HVAC system.
MoreMarsh pilot says he flew former CEO to see mistresses
February 11, 2013
Scott OlsonAt least twice a month during the year 2000, the pilot told jurors, he ferried Don Marsh to New York City to visit one of
his mistresses. Marsh Supermarkets is suing its former CEO in an attempt to recoup more than $3 million in what it claims
are personal expenses.
MoreSisters put sophisticated spin on popcorn
February 9, 2013
Andrea Muirragui DavisJust Pop In! retail stores feature traditional, popular flavors like caramel and cheddar—and an “Indy Style”
mixture of the two—but a dizzying array of more imaginative concoctions sets the local chain apart.
MoreLack of restraint caused Marsh family's downfall
February 9, 2013
Greg AndrewsWhat’s extraordinary about the spending spree was that it continued even as Marsh Supermarkets' financial condition
grew increasingly precarious.
MoreInfluential Marsh director wraps up week's trial testimony
February 8, 2013
Scott OlsonSt. Elmo Steakhouse owner Stephen Huse testified that directors had a hard time keeping Don Marsh focused on a potential sale
of the company as it teetered toward insolvency.
MoreFormer Marsh CFO sought out bankruptcy lawyers
February 8, 2013
Scott OlsonThe former executive of Marsh Supermarkets Inc. said he became so concerned about the company's deteriorating finances less
than a decade ago that he took the desperate step of meeting with bankruptcy lawyers.
MoreDon Marsh says he owes more than $500,000 in back taxes
February 7, 2013
Scott OlsonThe disclosure came during the fourth day of Don Marsh's civil trial. The locally based supermarket chain is alleging he used
company funds to pay more than $3 million in personal expenses.
MoreJury: Real estate execs Bales, Spencer not guilty of fraud
February 7, 2013
Cory SchoutenSOUTH BEND — John M. Bales lifted his crossed hands to his face and began to cry Thursday evening as a federal judge
read the same jury verdict on each of 13 fraud counts against the real estate broker and his partner: Not guilty.
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Doug Henning!
These guy were thugs — they grew up in freaking Haughville! Smh, sigh. If the mayor needs/wants "quality" Black Hoosiers who are NOT corrupt, give me a call — I know plenty. Land bank info here - http://www.kubepharm.com/indylandbank/IndyLandBank.html
Magician and illusionist!
The basic idea of nice apartments with parking and retail is a good one, but this design seems overwhelmingly big/tall for Broad Ripple. The size could be disguised a bit with lots of big trees/landscaping, but the complex is too massive to blend in easily. That section of canal between College and Westfield will also need to be upgraded on both sides. Nice apartments facing onto a nice promenade with shade trees/plantings could bring together the canal towpath/Monon recreation, the outdoor seating at existing restaurants, and this project into something that upgrades the whole area. A plan for the whole stretch makes more sense than facing nice new housing onto what looks like a ditch. Is there a plan? Does the public have input? Who pays? The apartment idea seems to be reasonable, but Whole Foods is not a good idea for appropriate retail. Besides the store being physically too big, there are already Fresh Market at 54xCollege and Whole Foods in Nora for fancy groceries. Good Earth and Kroger are within walking distance of the Shell site. There are at least 7 grocery stores within a safe bike ride. Whole Foods would add nothing but traffic congestion. This design is on the right track, but there needs to be more work done to ensure that it blends in with and enhances the existing community. A project that large will set a tone for that whole part of town. It could be a real asset, but only if done right.
I did not move to Zionsville to live in Carmel. This and the subsequent developments to follow will ensure a vanilla uniformity of strip malls and apartment buildings as we seek to bring our town down to the least common denominator. We were warned before recent elections that pro-development council members would make sure their friends (landowners and developers) would be able to make their millions off of the exploitation of Zionsville. Why in God's name would we sell out the best preserved small town in the State of Indiana?