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Real Estate & Retail
Defense attorneys in Bales case trash former co-defendant
January 30, 2013
Cory SchoutenAttorney and developer Paul J. Page is no longer a co-defendant in the fraud trial of real estate broker John M. Bales and
partner Bill Spencer. But you wouldn't know it from the action Tuesday in U.S. District Court. Only now, rather than federal
prosecutors, it's defense attorneys for Bales and Spencer who are targeting Page.
MoreIndiana lawmakers push for Sunday alcohol sales
January 29, 2013
Associated PressLawmakers in the last state in the nation to bar retail alcohol sales on Sundays are making a push to lift the restriction,
but strong opposition from liquor stores could hinder the effort.
MoreBales defense: Elkhart deal was a 'scheme to help'
January 29, 2013
Cory SchoutenFacing a looming deadline to find suitable office space for the state Department of Child Services, Indianapolis real estate
broker John M. Bales and partner Bill Spencer in 2008 dipped into their own pockets to help close a difficult lease deal,
their defense attorneys contend.
MoreCity-County Council approves north-side TIF district
January 29, 2013
Kathleen McLaughlinA new redevelopment area will be created on the north side, as the Indianapolis City-County Council voted 23-5 Monday night
in favor of the North Midtown tax-increment finance district.
MoreButler Automotive snaps up 96th Street parcel for dealership
January 29, 2013
Tom HartonAn affiliate of Butler Automotive Group bought more than 19 acres at the northwest corner of East 96th Street and Randall
Drive in late December and is seeking permission from Carmel to build a structure that would house Butler Hyundai.
MoreIndiana House OKs looser rules on selling old schools
January 28, 2013
Associated PressThe Indiana House has approved a bill that would shorten the time that school districts must hold onto vacant buildings in
case a charter school operator wanted to move into the building.
MoreFraud trial for broker Bales begins in South Bend
January 28, 2013
Cory SchoutenThe federal fraud trial of Indianapolis real estate broker John M. Bales and a partner began Monday morning in South Bend
with a jury-selection process that may not have run as smoothly if it took place in central Indiana.
MoreReal estate developers' exhilaration turns to pain in bankruptcy
January 26, 2013
Greg AndrewsMany Indianapolis developers know the feeling. In good times, few industries generate an adrenalin rush like real estate development.
But it’s a highly leveraged business built upon certain assumptions that proved flimsy when the financial crisis hit.
MoreAirport neighbors team up on 'AeroVision'
January 26, 2013
Chris O'MalleyMayor Greg Ballard is expected on Jan. 30 to lay out plans for a cross-county economic development area anchored by Indianapolis
International Airport that promises to quell political divisions and clear the way for investment.
MoreBales' trial could turn on definition of ownership
January 26, 2013
Cory SchoutenThe jury trial in South Bend for real estate developer John Bales and his general counsel, William E. Spencer, is scheduled
to begin Jan. 28 and last up to two weeks. Bales and Spencer, both 45, are facing 13 counts, including wire and mail fraud.
MoreNew restaurants: Upland in Carmel, Lincoln Square downtown
January 26, 2013
IBJ StaffOld Carolina Barbecue also announces expansion to Indianapolis market.
MoreIndiana House panel backs online sales tax collection
January 24, 2013
Associated PressAmazon.com and other online-only retailers would have to start collecting Indiana's 7-percent sales tax this summer under
a bill endorsed by a state House committee.
MoreMarion County assessor bracing for more tax appeals
January 23, 2013
Scott OlsonMarion County property-tax appeals from the 2012 assessment are due Monday and will add to a backlog of roughly 27,000 existing
appeals from previous years that the office is continuing to wade through.
MoreFlock plans overhaul of Old Northside apartments
January 22, 2013
Cory SchoutenFlock Real Estate Group plans to spend more than $1 million to renovate side-by-side Old Northside apartment buildings in
the firm's largest solo project to date.
MoreLifestyle mall triggers wave of development at Interstate 69 exit
January 19, 2013
Cory SchoutenFive years after the Hamilton Town Center lifestyle mall opened at a sleepy interchange on Interstate 69 in Noblesville, the
neighborhood is one of the hottest growth markets in the state for retail, residential and medical development.
MoreHealth insurance changes daunting for Indiana employers
January 19, 2013
Scott OlsonA portion of the Patient Protection and Affordable Care Act requiring companies in 2014 to begin offering health insurance
to more workers is causing a lot of anxiety.
MoreSoccer stadium could be development springboard
January 19, 2013
Anthony SchoettleLanding a North American Soccer League franchise might be the easiest part of Indianapolis developer Ersal Ozdemir’s
grand plan, which includes building a downtown soccer stadium and surrounding it with retail and residential space.
MoreHHGregg ratchets back, but analysts still uneasy
January 19, 2013
Greg AndrewsHHGregg now has 228 stores in 20 states. So it has grown a great deal. But the “exceptional store economics” it
used to promote are gone, thanks largely to a breathtaking collapse in sales of flat-screen televisions.
MoreLids and MainGate gear up for Super Bowl
January 19, 2013
The companies, newly appointed to handle merchandise sale for the mega-event, are bringing in talent from across the country
to staff the game in New Orleans.
MoreMall REITs soared in 2012 by ditching struggling centers
January 18, 2013
Bloomberg NewsMall owners, including Simon Property Group Inc. and General Growth Properties Inc., have been moving on from struggling retail
centers as the economic rebound drives them to focus on the best-performing markets.
MoreBill seeks earlier date for online retailers to collect taxes
January 17, 2013
The Statehouse FileHoosiers may be required to pay a 7-percent sales tax on top of their Amazon purchases starting July 1 if a proposed House
bill is adopted.
MoreRetailer plans 250-worker Hendricks County warehouse
January 17, 2013
Gordmans, an apparel and home decor retailer, said it will spend $37.5 million to construct and equip a 545,000-square-foot
distribution center in Clayton.
MoreLocal Taco Bell franchisee acquired by California firm
January 16, 2013
IBJ StaffSouthern Bells Inc., an Indianapolis-based franchisee that operates 76 regional fast-food restaurants, has been acquired by
the country’s largest franchisee of Applebee’s restaurants.
MoreWell-known Indianapolis developer launching pro soccer team
January 15, 2013
Anthony SchoettleKeystone Group President Ersal Ozdemir plans to launch a soccer franchise in 2014 and build a soccer-specific stadium by 2017.
MoreArea home sales rise for 20th straight month
January 15, 2013
IBJ StaffHome-sale agreements in the nine-county Indianapolis area jumped 12.2 percent in December, marking a 20th straight month of
gains and capping off a strong year for residential real estate.
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these guys only skill was to steal from other's hard earned savings.
I voted for him last time and it WAS the LAST time. He needed to to quit running around the world on useless trips, and giving our $$ away to sports teams. I'll vote for anyone but Ballard next time. BTW...we gave $40M to the Pacers and cannot even watch the games on TV.
For the people concerned about traffic, you should know that mixed-use projects (like the one being proposed), actually allows for and encourages more people to walk and bike, thereby mitigating additional automobile traffic. If we continue to design and build suburban-type projects in the City (i.e. automobile-oriented projects), we are not offering anything different from what the suburbs offer, which means we will continue to lose jobs/people to the suburbs. The reason Broad Ripple is somewhat successful today is that people want to live in a place that offers the convenience of being able to walk/bike to restaurants, retail, nightlife, the Monon, etc. Why would you not want to support a project that is complimentary to what already makes the area desirable? The real argument with this project should be its lack-luster design and layout, not the density.
It is unfortunate that there is a perception that celebrities validate an event. The Indy 500 stands on its own, especially for those coming in from out of town. It was always so disturbing to read the gushing descriptions of Ashley Judd threaded throughout the local coverage. Very happy that era is at an end.
Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.