Real Estate & Retail

Former governor candidate Gregg buys country grocery

June 17, 2013
Associated Press
The Democrat said he hopes his purchase of Yagles Country Cupboard will help the store provide more services to the largely Amish southern Indiana community and create a few jobs.
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Most of Indiana's largest public companies enjoyed strong 2012Restricted Content

June 15, 2013
Angie's List turned a profit for the first time in nearly two decades.
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Veteran custom homebuilder taking prefabs downtownRestricted Content

June 15, 2013
Scott Olson
Ursula David is out to dispel the perception that modular homes are little more than glorified double-wides. David, who started Ursula David Homes 20 years ago, is concentrating on a new project, Indy Mod Homes, and is targeting an unlikely place for the prefabs—the urban core.
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Governments helped fuel nursing-facility developer's riseRestricted Content

June 15, 2013
Kathleen McLaughlin
Carmel-based Mainstreet Property Group has built 13 nursing homes in Indiana and Illinois since 2008. Six of the dozen Indiana properties benefited from municipal-backed credit or tax breaks, and a seventh received a reduced-impact fee. Mainstreet also received $345,000 in state economic incentives.
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Indianapolis moving forward with startup land bankRestricted Content

June 15, 2013
Kathleen McLaughlin
The executive director of the Land Bank of Indianapolis anticipates working with the city to issue a request for qualifications aimed at charitable and for-profit entities interested in acquiring properties.
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City won't take back suspect properties sold by Land Bank

June 14, 2013
Kathleen McLaughlin
The city of Indianapolis won't try to take back properties that were sold by its Indy Land Bank to suspect not-for-profits or to Naptown Housing Group LLC, in which former land bank director Reggie Walton is alleged to be a silent partner.
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High overhead does in Carmel Shapiro's

June 12, 2013
Andrea Muirragui Davis
The company called closing the restaurant at 918 S. Range Line Road a “strategic decision” that will allow it to focus on its flagship downtown eatery.
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Out-of-state developer pitches $75M Carmel project

June 11, 2013
Andrea Muirragui Davis
Baltimore-based Atapco Properties wants to redevelop 34 acres of land at Carmel Drive and Guilford Road, converting a portion of the commercial property to residential use with hundreds of apartments.
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Woodard sells Canterbury Hotel to Ohio firm

June 11, 2013
Scott Olson
Local businessman Turner Woodard had owned the upscale downtown hotel since 2010. Terms of the deal with Columbus, Ohio-based RockBridge Capital LLC, a hotel investment firm, were not disclosed.
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Homebuilders extend streak with 23-percent surge in permits

June 11, 2013
 IBJ Staff
Single-family building permits rose 23 percent in the nine-county Indianapolis area in May, the 11th straight month of year-over-year increases.
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AT&T building's new owner targets first-floor retail

June 11, 2013
Scott Olson
Geis Properties, a division of Streetsboro, Ohio-based Geis Cos., purchased the 558,000-square-foot building for $16.5 million late last month from AT&T, which is reducing its downtown presence.
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Central Indiana farmers turn to organic growing

June 9, 2013
Associated Press
The organic food sector grew by $2.5 billion nationally during 2011, and it keeps growing.
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Sales of boomer-owned businesses deemed close at hand

June 8, 2013
Norm Heikens
Several factors have aligned to spark the long-expected trend.
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Riley CDC names successor to retiring executive directorRestricted Content

June 8, 2013
Eric Strickland’s appointment was effective June 1. He brings more than 18 years of engineering, real estate development and economic development experience to the organization.

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Center Township trustee to list Mass Ave buildingRestricted Content

June 8, 2013
Kathleen McLaughlin
The township board in late May gave Trustee Eugene Akers permission to list the property, which has a five-story office building on 1-1/3 acres of land.
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Cummins looking to build downtown Indy officesRestricted Content

June 8, 2013
Scott Olson
Cummins Inc. wants to expand its downtown Indianapolis presence and is searching for land to construct an office building that would double the space the Fortune 500 company occupies in the city, several local office brokers said.
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Fishers, Noblesville put cuffs on charities to recoup tax revenue

June 8, 2013
Andrea Muirragui Davis
Two growing Hamilton County communities looking to build their commercial tax base are taking steps to ensure land targeted for development doesn’t end up in the hands of organizations that don’t pay taxes.
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AG sees spike in complaints about gas prices

June 7, 2013
Associated Press
The Indiana Attorney General's Office says the recent surge in Midwestern gasoline prices that's given Indiana the nation's fourth-priciest gas is drawing an influx of complaints from the public.
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Vacant GM stamping plant to be demolished

June 7, 2013
Kathleen McLaughlin
The 2.1 million-square-foot plant, which sits on 102 acres near downtown, opened in 1930 and employed more than 5,000 at its peak. That number was fewer than 700 when it closed two years ago.
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Bank gives Indy $1.4M to settle discrimination complaint

June 7, 2013
Associated Press
The settlement results from a complaint that alleged Wells Fargo's properties in white neighborhoods were much better maintained and marketed than properties in minority areas.
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Fraud victim says he was duped twice over land bank house

June 6, 2013
Kathleen McLaughlin
Joseph Satterfield says he paid twice for his residence at 624 Congress Ave., but he still doesn’t have his hands on the deed to the house that was held by the Indy Land Bank.
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Vera Bradley CEO retiring after six years on job

June 6, 2013
Associated Press
The Fort Wayne-based company announced Michael Ray's decision on Wednesday as the company reported a 27-percent drop in earnings in its latest quarter and trimmed its yearly outlook.
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Miller Pipeline plans $5.3M expansion, more jobs

June 5, 2013
 IBJ Staff
The Indianapolis-based subsidiary of Vectren Corp. plans to construct a 52,000-square-foot building at its 34-acre corporate campus at 8850 Crawfordsville Road.
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City’s first spec office building in 5 years opening doors

June 5, 2013
Scott Olson
Sourwine Real Estate Services expects to have its $12 million, 80,700-square-foot project finished later this month in one of the city's hottest north-side development areas.
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Simon investors can proceed with CEO pay suit, judge rules

June 5, 2013
Bloomberg News
Simon Property Group Inc. investors can continue with a lawsuit in which company directors are accused of improperly raising CEO David Simon’s pay without shareholder approval, a judge ruled.
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  1. Every one who has been scammed by these people may be interested to know that we got our money back from them. It took some time and a 'special approach', but it worked. We are now on the way to stopping their activities. Anyone wishing to participate in this action is welcome. Please make contact through our website www.laterelle.com Peter Clutton

  2. Lou, I had mouth watering just by reading your review. I recently was in this restaurant with family and friends and I can tell you THIS IS A REAL TASTE OF MEXICO. Forget about those restaurants that claim being "authentic Mexican food". Don Gusto P.J. has the most Authentic regional taste of Mexican food. My wife is from Mexico City and she can tell this was like home. It's a small place, but the greatness of Don Gusto P.J. is the real authentic taste of Mexican Food and the friendly service. By the way, this is a family owned and operated business. Great review, Lou!

  3. With the way this lovely couple met, it's amazing their business failed. I mean, I'm young and easy going but I wouldn't trust her or him as far as I could throw them

  4. You agreed to make a law to take peoples children out of there home for any little thing I feel like if there is no abuse no violence no neglect no molestation you shouldn't take children from their homes if there not in danger or harm people that do drugs shouldnt loose their kids because they have an addiction they should be helped in wich way they can taking children out of there homes is not the answer nor the solution 90% of time you make the situation worser than what it is do you think that it's fair to the children putting them through this who would even ever come up with this its unfair one of the presidents used marjuana did they take his children or freedom the law is crooked and its alot of dirty people taking advantage of it god isn't unfair to us so we shouldnt be unfair to others something needs to be done about now not later this world is corrupt and the people in it this is a disgrace to man kind I'm going to pray for justice

  5. Getting to perform there again!

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