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Real Estate
Anderson siblings buying city's Mounds Mall
September 15, 2009
IBJ Staff and Associated PressTwo Anderson siblings are buying the city's Mounds Mall from the Florida-based company that has owned it for the past six
years.
MoreAdjacent Central Canal parcels go on the market
September 12, 2009
Cory SchoutenThe owners of two industrial properties that span an entire city block along the Central Canal downtown have put their
properties up for sale with an eye toward redevelopment.
MorePoll shows IBJ Daily readers keenly interested in the environment
September 12, 2009
Marc D. AllanA solid majority of subscribers to IBJ Daily believes climate change is a serious problem, thinks carbon emissions
should be regulated, and wants Indianapolis to pursue mass transit on a broad scale, according to a poll conducted in July
by IBJ.
MoreEx-Lauth executive: 'Every day is a struggle' after a year of unemployment
September 12, 2009
Cory SchoutenMichael Hartman earned a six-figure salary as a vice president at Lauth Group Inc. until he was laid off in early 2008.
Since then, he’s struggled to find a job—any job that would allow his family to stay in their Westfield home.
MoreFlush with cash, developer Simon revives hunt for acquisitions
September 12, 2009
Greg AndrewsSimon Property Group Inc. has managed to grow revenue tenfold since going public 16 years ago. The key has been well-timed
acquisitions.
MoreLatin market and tapas bar opening in Fishers
September 12, 2009
IBJ StaffThe new market, which will also offer catering services, is in a strip center owned by locally based
Centre Properties and anchored by Beauty Brands and Panera.
MoreHHGregg promotes three executives
September 9, 2009
IBJ StaffIndianapolis-based electronics retailer HHGregg Inc. announced the promotions of three executives this morning, including
the appointment of a new chief financial officer.
MoreDeveloper Lauth's bankrupt units win round in court
September 5, 2009
Cory SchoutenLauth Group Inc. in recent weeks has won critical courtroom victories that likely will allow company principals
to retain control of three subsidiaries in Chapter 11 bankruptcy.
MoreDowntown apartment complex expanding
September 5, 2009
IBJ StaffThe developer of The Waverley apartments downtown has filed plans to expand the complex because of high demand for one-bedroom
units.
MoreAuto parts supplier coming to Plainfield, plans to create 30 jobs
September 4, 2009
IBJ StaffChicago-based LKQ Corp., a supplier of replacement and aftermarket automotive parts, will establish a distribution center
in Plainfield with plans to create up to 30 jobs by 2011, the company announced this morning.
MoreKite Realty Trust CEO unloads $467K in company stock
August 31, 2009
Cory SchoutenThe CEO of Kite Realty Group Trust last week sold 130,000 shares, or nearly a half-million-dollars worth, of the Indianapolis-based
real estate firm’s common stock.
MoreShelbyville struggles to reach tech park goals
August 29, 2009
Kathleen McLaughlinDespite recent investment by Major Health Partners, Shelbyville’s technology park is about as far from meeting state
standards as it was two years ago.
MoreKahn's wine emporium plans store on 86th Street
August 29, 2009
IBJ StaffKahn’s Fine Wine & Spirits plans to open a second location in a former O’Malia Food Market at the northeast
corner of 86th Street and Township Line Road.
MoreLocal high-end home sales in deep slump
August 28, 2009
Scott OlsonSales of higher-priced homes nationally have slowed to a glacial pace. In the Indianapolis area, the supply of homes for sale
above $1 million has risen from three year’s worth in 2007 to more than eight year’s worth, according to the Metropolitan
Indianapolis Board of Realtors.
MoreSteak n Shake chief snaps up more shares
August 27, 2009
Cory SchoutenSteak n Shake Co. CEO Sardar Biglari revealed in regulatory filings this week that he spent $1.1 million buying shares in
the locally based burger chain, an apparent vote of confidence in his own turnaround plans.
MoreDaytime-only eatery eyeing Indianapolis
August 24, 2009
Scott OlsonThe Bradenton, Fla.-based First Watch restaurant chain is scoping Indianapolis for franchisees to open as many as a half-dozen
restaurants, a company spokesman said today.
MoreAffordable housing developers struggle as key funding source disappears
August 24, 2009
Kathleen McLaughlinAffordable
housing developers nationwide are facing a drastically weaker market for tax credits.
MoreIT consultant Apparatus buying WFYI building
August 20, 2009
IBJ StaffLocally based information technology consultant Apparatus has agreed to buy the former WFYI building at 1401 N. Meridian St.
for a new headquarters.
MoreSite visit lifts county's hopes for landing Harley
August 20, 2009
IBJ StaffHarley-Davidson Inc. officials were in Shelby County yesterday assessing it as a location for a new motorcycle plant, but
it isn’t yet clear how the county stacks up to other U.S. locales that also are in the running for the economic-development
prize.
MoreBREAKING: Jury finds Premier's White guilty
August 18, 2009
Cory SchoutenA Marion County jury this evening found Christopher P. White guilty of three Class C felonies related to a $500,000 bad check
he wrote last year in a last-ditch attempt to save his locally based development firm, Premier Properties USA Inc.
MoreDeveloper's fraud trial enters second day
August 18, 2009
Cory SchoutenMarion County prosecutors this morning began making their case that Christopher P. White knowingly wrote a bad check for $500,000
last year in a desperate attempt to save his Indianapolis-based development firm, Premier Properties USA Inc.
MoreDental startup locating in Noblesville
August 18, 2009
IBJ StaffTherametric Technologies Inc., a developer of dental health technology, said today it will locate its headquarters and manufacturing
operations in Noblesville, and plans to create 40 jobs by 2013.
MoreNorthwest-side theater closes after 25 years of operation
August 17, 2009
IBJ StaffLocally based Sandor Development Co. is looking for a new tenant for the old AMC Loews College Park 14 movie theater, after
the screens went dark for good in July after a 25-year run at West 86th Street and Michigan Road.
MoreLauth Group's collapse offers a lesson in hubris
August 17, 2009
Greg AndrewsSince key Lauth Group subsidiaries landed in bankruptcy in May, the company has described its misfortune almost as if it
were an act of God.
MoreLoan defaults could cost David Marsh his Geist home
August 17, 2009
Cory SchoutenDavid A. Marsh, the former supermarket executive and current president of the Crystal Flash convenience store chain, could
lose his 11,800-square-foot mansion on Geist Reservoir over three defaulted loans.
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It's also across the street from Fogo de Chao and Morton's....
Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
David Copperfield! I remember watching his specials on TV when I was little.
Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.