Real Estate

Gregg landing in prime spots abandoned by failed retailers Circuit City, Linens & ThingsRestricted Content

June 1, 2009
Cory Schouten
Electronics retailer HHGregg Inc. has snapped up at least a dozen former Circuit City and Linens & Things locations in six states and is eyeing more of the empty big boxes in an opportunistic move toward expansion.
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Transit, sustainable development likely to be themes in rescue of near-north neighborhoodRestricted Content

June 1, 2009
Chris O'Malley
Local leaders and, soon, a national team of experts, are quietly developing a strategy to revitalize Marion County's biggest concentration of brownfield sites and impoverished urban neighborhoods, centered at East 22nd Street and the Monon Trail.
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Kroger eyes Zionsville locationRestricted Content

May 25, 2009
Kroger Co. is looking at land in Zionsville for a new store.
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Panel handicaps market recovery chancesRestricted Content

May 25, 2009
Cory Schouten
A panel of five veterans of real estate and construction provided industry insights at IBJ's Power Breakfast May 1 at the Westin Indianapolis.
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Lauth granted reprieveRestricted Content

May 25, 2009
Cory Schouten
A judge has given Lauth Group Inc. a reprieve from an equity investor that is seeking to take control of most of the developer's properties.
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HVAC company heats up sales in cool economy through acquisitions

May 25, 2009
George Umbarger
Doubling annual sales might seem an impossible feat in a recession, but at the modest office of Williams Comfort Air and Metzler's Mr. Plumber, it is a reality.
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Churches look for ways to pay off construction projects planned before recession took toll on collection platesRestricted Content

May 25, 2009
Kathleen McLaughlin
In Indianapolis and around the country, congregations that expanded before the recession are now taking drastic measures, including budget cuts that have resulted in layoffs, salary reductions and giving less to charities.
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In recession, commercial brokers struggle to determine property valuesRestricted Content

May 25, 2009
Chip Cutter
Few commercial real estate properties are changing hands in the Indianapolis area these days, creating challenges for brokers who say it's becoming increasingly difficult to determine the value of properties.
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Developer wants to turn project into apartments, officesRestricted Content

May 25, 2009
Cory Schouten
A local developer is hoping to convert an unfinished eight-story luxury condo project downtown into a mostly affordable apartment building with its headquarters on the top floor.
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Recession slows the creation of a self-contained Boone County communityRestricted Content

May 18, 2009
Kathleen McLaughlin
Creating a self-contained community on 1,700 acres of farmland could take much longer than the 15 to 20 years Duke Realty Corp. predicted.
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Flaherty selected to revitalize Barton, Lugar tower sitesRestricted Content

May 18, 2009
Locally based Flaherty & Collins Properties plans to build retail and residential space on land that surrounds two downtown public housing towers.
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Bankrupt firm's creditors unlikely to rubber-stamp saleRestricted Content

May 18, 2009
Greg Andrews
Norwood Promotional Products Inc. suggests it's positioned to sail through bankruptcy, thanks to a pending-sales agreement. But creditors, owed nearly $300 million, are expected to balk.
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Historic windows join landmark listRestricted Content

May 11, 2009
The Historic Landmarks Foundation of Indiana has added four structures and an architectural feature to its annual list of the 10 Most Endangered Hoosier landmarks.
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REITs get boost, not scorn, for selling cheap sharesRestricted Content

May 11, 2009
Greg Andrews
Here's more evidence we're in strange times: Indianapolis' real estate investment trusts have been issuing hundreds of millions of dollars of stock at woefully low prices—and getting a pat on the back from their shareholders for doing so.
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Longtime Fall Creek shop cuts baitRestricted Content

May 11, 2009
Fall Creek Bait & Tackle is closing after 42 years in business.
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Lauth needs financing, real-estate recovery to emerge from bankruptcyRestricted Content

May 11, 2009
Cory Schouten
The 32-year-old developer Lauth Group Inc. likely will survive in some form if the company can find financing to get it through a Chapter 11 reorganization and if the real estate market doesn't take too long to turn around, experts said.
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'Epic' investment losses hit hospitalsRestricted Content

May 11, 2009
J.K. Wall
Financial reports trickling in from Indianapolis' major hospitals show why the city's health care building boom ground to a near halt this year. It ran into a wall of investment losses.
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Ritter's buyer retools custard chainRestricted Content

May 4, 2009
Sam Stall
Indianapolis residents have been passionate about Ritter's handmade frozen custard ever since it debuted almost two decades ago. But while the ice cream is sweet, the story of the former mom-and-pop company's attempts to morph into something grander is decidedly bitter. Now, New York-based TruFoods, which bought the company in May 2008, is trying to get the formula right.
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Steak n Shake hoping to roll out lower-cost, limited-service storesRestricted Content

May 4, 2009
Cory Schouten
TV spots for Steak n Shake Co. used to play up the chain's full-service restaurants, complete with friendly servers, real plates and glass ketchup bottles—a departure from the "workaraunts" operated by McDonald's and Burger King. Now, Steak n Shake is developing plans for its own workaraunts.
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Grad students dream up plans for mass transitRestricted Content

April 27, 2009
Chris O'Malley
Architecture and urban design students from Ball State have created a vision for urban renewal that is arguably more compelling than the Central Indiana Regional Transit Authority's principal, utilitarian goal of reducing northeast-side highway congestion and air pollution by running a diesel commuter train atop the old Nickel Plate Railroad corridor.
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Westfield mayor hopes $60M stadium project will transform cityRestricted Content

April 27, 2009
Cory Schouten
Westfield Mayor Andy Cook is proposing a $60 million youth sports complex with a 4,000-seat multipurpose outdoor stadium, indoor sports facilities and sports fields with the goal of establishing the Hamilton County community as the "Family Sports Capital of America."
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Simon family's interests helped city thrive, but taxpayers paid the price

April 20, 2009
Cory Schouten
The Simon family's role in building the city has come at a steep price for taxpayers. Simon and its business interests in the last 20 years have collected local government incentives worth more than $400 million, an IBJ tally of those deals shows.
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Aging building gets spruced upRestricted Content

April 20, 2009
Another rundown building near the northwest corner of Washington and Pennsylvania streets is getting some attention after years of neglect.
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Lauth, a once-booming developer, has sliced 90 percent of work force, lost control of some propertiesRestricted Content

April 20, 2009
Cory Schouten
Struggling developer Lauth Group Inc. has cut about 90 percent of its staff and lost control of part of its portfolio to a major equity partner-developments that raise doubts about whether the locally based company can survive the recession.
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Noblesville offered generous incentives to Simon for mallRestricted Content

April 20, 2009
Cory Schouten
The old adage that retail follows rooftops is only partially true; retail also follows taxpayer-funded incentives.
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  1. I keep wondering why I keep hearing about this problem of corporations leaving America, and I never hear a reasonable proposal to lower corporate tax rates and raise personal rates on income from capital gains and dividends, especially for high earners. It is just too simple of a solution for Congress to embrace?

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  3. is a disaster. SR37 already needs to be built to interstate standards between 465 and SR144. Southport Road is a mess each morning and evening.

  4. Bass Pro Shops would be good for the mall as well as a Giant Eagle Market District or a Jungle Jim's International Market Place grocery store like the one near Cincinnati Ohio.A Disney quest indoor theme park would be good.An Academy outdoor store would be good too.Indoor Circus shows and magic shows would be good as well. A casino with sports bar would be good.A Disney theater inside that shows movies and Broadway shows would work.Nashville Tennessee concert shops with indoor neon lights would be good.How about a theater that shows travel shows and theme parks. A train store would be good.How about a giant toy store with high tech video games.

  5. This development is in addition to Allpoints Midwest 5, Aitrtek, a recent FedEx and more in Plainfield. Greenwood and Brownsburg also have similar projects.

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