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Real Estate & Retail
$30M Keystone mixed-use project seeks city approval
January 8, 2013
Tom HartonHendricks Commercial Properties wants to build a five-story, L-shaped building with more than 36,000 square feet of ground-level
retail space and 130 high-end apartments on the upper floors.
MoreU.S. banks to pay $8.5B in mortgage settlement
January 8, 2013
Associated PressHundreds of thousands of Americans stand to benefit from the latest mortgage-abuse settlement, but consumer advocates say
U.S. banks may be getting the best of the deal.
MoreFortune's death puts 14 West building up for grabs
January 5, 2013
Cory SchoutenA historic brick building long used as a restaurant and hotel suites next door to Circle Centre mall is going up for sale
for the first time in almost a decade, with an expected asking price of $4 million.
MoreInvestor: Kroger missed chance to buy ‘linchpin’ property
January 5, 2013
IBJ StaffOwner of real estate near 16th and Central says grocery chain showed little interest, but Kroger says it still wants property
to make way for new downtown store.
MoreFinish Line suffers surprising quarterly loss
January 4, 2013
IBJ StaffThe earnings fell short of predictions by analysts polled by Thomson Reuters, which recently forecast per-share earnings of
10 cents on revenue of $296 million.
MoreBales accomplice pleads guilty in deal with prosecutors
January 4, 2013
Cory SchoutenIndianapolis attorney and developer Paul J. Page has agreed to cooperate with federal prosecutors in an investigation that
targets former Marion County Prosecutor Carl Brizzi.
MoreBazbeaux founders settle lawsuit
December 29, 2012
IBJ StaffFormer husband and wife agree to end joint ownership of pizza restaurant, ending dispute that erupted with opening of Fountain
Square sandwich shop.
MoreDeveloper loses fraud appeal
December 28, 2012
Scott OlsonThe Indiana Court of Appeals affirmed Christopher White's 2009 conviction, resulting from a $500,000 bad check he wrote as
he tried to save his real estate development firm.
MoreFormer Lifestyle gym building target of foreclosure
December 28, 2012
Scott OlsonThe owner of the building at 4225 E. 82nd St. owes $4.9 million on a $7.4 million loan, according to the suit. The tenant,
Lifestyle Family Fitness, closed the location in November 2011.
More2012 NEWSMAKER: CEO keeps Simon stock surging
December 28, 2012
IBJ StaffIf there were an MVP for local CEOs, David Simon would again find himself at or near the top of the list in 2012.
MoreKite continues Southeast push with $37.3M in acquisitions
December 27, 2012
IBJ StaffIn December, the Indianapolis-based real estate investment trust bought two shopping centers in Greenville, S.C., using proceeds
from its recent $60 million stock sale.
More25-acre retail project aims to hook grocery
December 22, 2012
Cory SchoutenDevelopers are moving forward on plans for a 25-acre, grocery-anchored redevelopment in the Highland-Kessler neighborhood
after winning city zoning approval this month.
MoreTwo Scotty's to reopen as Detour American Grilles
December 22, 2012
IBJ StaffThe owner of the restaurants, Fishers-based MSCB, switched to the new formats after terminating its contracts with the current
operator, Indianapolis-based A Pots & Pans Production.
MoreFinish Line pulls plug on new website
December 22, 2012
Cory SchoutenThe Indianapolis-based chain rolled out a new FinishLine.com four days before Black Friday. But glitches and customer complaints
forced it to revert to the legacy version Dec. 6.
MoreGerdt Furniture to close doors after 53-year run
December 21, 2012
IBJ StaffThe last remaining store for the family-owned business, which recently shuttered its Castleton location, will stage a liquidation
sale on Dec. 28.
MoreStores brace for snow during final shopping days
December 20, 2012
Associated PressWith sales during the holiday shopping season disappointing so far, the nation's retailers are depending even more on these
final days leading up to Christmas for a boost in business. Retailers are hoping the storm won't change shoppers' plans.
MoreLandmark Anderson drugstore closes after 80 years
December 20, 2012
Associated PressHoward Gwinn worked as a teacher and a Chicago-based pharmacist before opening shop at Fifth Street and Madison Avenue in
Anderson in 1932. The drugstore he founded was a neighborhood fixture until closing Wednesday night.
MoreScotty's plans new restaurants, loses contracts on others
December 20, 2012
IBJ StaffScott Wise, who operates nine restaurants in Indiana, plans to open two more Scotty's Brewhouses in Indiana next year. However,
his company also is losing the management contracts on two restaurants that carry the Scotty's name.
MoreJudge: Indiana districts can sell schools despite law
December 19, 2012
Associated PressA judge has ruled that two northeastern Indiana school districts can sell vacant schools, bypassing a state law requiring
them to wait four years in case a charter school wanted to claim the buildings.
MoreDeveloper close to starting project at 116th, Springmill
December 18, 2012
Tom HartonGershman Brown Crowley Inc. is in the process of getting design approval from the city of Carmel for a 9,600-square-foot retail
building and a 13,200-square-foot CVS pharmacy.
MoreBuyer of vacant Connersville factory gets more time
December 17, 2012
Associated PressOfficials of an eastern Indiana city are giving the potential buyer of a large vacant auto parts factory more time to close
on the purchase.
MoreArea home-sale agreements rise for 19th straight month
December 17, 2012
Home-sale agreements in the nine-county Indianapolis area jumped 14.2 percent in November, marking the 19th straight month
the number of pending sales has increased.
MoreStartup's stuffed toys help kids do good
December 15, 2012
Andrea Muirragui DavisIndianapolis-based Promise Monsters makes and sell plush toys that promote kindness through secret “missions”
kids are asked to complete.
MorePendleton turns to past to revitalize its downtown
December 14, 2012
Associated PressThe town 25 miles northeast of Indianapolis was approved for the state's branch of Main Street, a project of the National
Trust for Historic Preservation, aimed at helping communities revitalize their downtowns and neighborhood commercial districts.
MoreAnalysis: Simon factions make peace as tax hike looms
December 14, 2012
Cory SchoutenWidow Bren Simon and her stepchildren finally managed to settle a long legal battle over the estate of mall magnate Melvin
Simon. The goal that appears to have united the survivors: Reducing Uncle Sam's take of a fortune that has swelled to nearly
$3 billion.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.