Real Estate & Retail

Indy startup serves up keg beer with big data

May 24, 2013
Dan Human
SteadyServ Technologies has raised $1.5 million to help develop iKeg, which tells bar managers and beer distributors when they need to reorder.
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Broad Ripple project takes heat at Village meeting

May 24, 2013
 IBJ Staff
Jeering and catcalls greeted officials from Browning Investments, which has proposed the $18 million residential and retail development along the Central Canal.
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Denver-based firm laps up BlueMile running chain

May 23, 2013
Anthony Schoettle
BlueMile, a local six-store running specialty chain, has been acquired by a group that includes Indianapolis-based sports goliath The Finish Line Inc. The deal is expected to speed BlueMile's expansion.
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Mayor suspends land bank after indictments

May 22, 2013
Associated Press
Indianapolis Mayor Greg Ballard on Wednesday sidelined a city program that sells vacant and tax-delinquent properties, one day after federal prosecutors indicted two of its top officials for allegedly accepting bribes and kickbacks.
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Indiana presses ahead with I-69's next section

May 22, 2013
Associated Press
The company that will build the 21-mile Bloomington-to-Martinsville segment by upgrading existing State Road 37 will sign a public-private deal under which it will arrange its own financing to design and build that stretch.
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Pittman pitches $90M mixed-use project for Zionsville

May 22, 2013
Andrea Muirragui Davis
One of the highest-profile tracts of undeveloped land in Zionsville could be transformed into a commercial and residential hub if Pittman Partners' 62-acre project gets the town’s blessing.
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Kennedy partners with Olympic runner to buy shoe chain

May 22, 2013
Anthony Schoettle
Indiana running icon Bob Kennedy believes Movin Shoes Inc. has great potential for growth. Its California location doesn't violate Kennedy's non-compete agreement with Indiana's BlueMile chain.
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EPA seeks to add Keystone property to Superfund list

May 22, 2013
 IBJ Staff and Associated Press
The U.S. Environmental Protection Agency on Tuesday proposed adding three sites in Indiana—including one in Indianapolis—to its highest priority cleanup list for hazardous waste sites.
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HHGregg's stock swoons after quarterly report disappoints

May 21, 2013
 IBJ Staff
The Indianapolis-based retailer saw a big drop in earnings in its latest quarter on decreased sales, lower profit margins and higher advertising expenses, it said Monday.
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St. Vincent sports practice to fill vacant Clay Terrace big box

May 21, 2013
Scott Olson
St. Vincent Sports Performance will occupy a building in Clay Terrace originally occupied by Circuit City.
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HHGregg earnings sink on declining sales

May 20, 2013
 IBJ Staff
The Indianapolis-based retailer saw a big drop in earnings in its latest quarter on decreased sales, lower profit margins and higher advertising expenses.
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Lids acquiring Kentucky sporting goods chain

May 20, 2013
Associated Press
The CEO of a private equity firm that helped fund the Lexington-based Fan Outfitters chain said new regulations imposed by the Affordable Care Act prompted the group to look at the offer from Lids.
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Greenwood, Whiteland try to spur, shape growthRestricted Content

May 18, 2013
Kathleen McLaughlin
Two Johnson County communities are determined to capture—and control—the next wave of suburban growth.
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Oesterle sells land to Angie's List, reaping millionsRestricted Content

May 18, 2013
Chris O'Malley
Angie’s List Inc. CEO Bill Oesterle has collected millions of dollars over the years by renting to the company property for its campus along East Washington Street. Now, the landlord and chief executive is pocketing millions more by selling Angie’s the property, at well above its assessed value.
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Duke's CFO heading to Chicago real estate firm

May 17, 2013
 IBJ Staff
Christie Kelly is credited with playing a critical role at Duke in helping the company keep a strong financial position during the recession and economic recovery.
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Downtown Lilly building fetches $90 million

May 16, 2013
Scott Olson
American Realty Capital, a real estate investment firm based in New York City, bought the building on South Meridian Street occupied by Rolls Royce Corp. Lilly vacated the facility in 2010.
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Kessler Mansion neighbors balk at business uses

May 15, 2013
Dan Human
An Indianapolis City-County Councilor is looking into the possibility of zoning violations at the massive north-side property. The mansion will host a camp for entrepreneurs in June.
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Convenience stores sue to sell cold beer in Indiana

May 14, 2013
Mason King
An industry trade group filed a lawsuit Tuesday morning contending that Indiana liquor law is unconstitutional and unfairly benefits liquor stores.
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Nancy Irsay puts party pavilion, home on market for $3.7M

May 14, 2013
Scott Olson
Dozens of small charities have used the pavilion in south Carmel to host events, paying far below market rates.
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Area homes sell at faster clip

May 13, 2013
Purchase agreements for existing homes in the Indianapolis area increased 13.2 percent in April. Home sales have jumped in each of the first four months of the year.
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Development may spawn TIF tug of warRestricted Content

May 11, 2013
Kathleen McLaughlin
The developer of a $17 million mixed-use project proposed for Broad Ripple is expected to seek a city subsidy—support that at least one City-County councilor believes should be reserved for neighborhoods starved for investment farther south.
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Whitsett goes big with Star project

May 10, 2013
Scott Olson
A local developer plans to tear down part of the Indianapolis Star’s downtown headquarters while saving most of the building in a redevelopment that calls for 350 apartments—more units than the massive CityWay.
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Scam artist receives 34 years for home-sale scheme

May 10, 2013
 IBJ Staff
Shela Amos, 57, led victims in Indianapolis to believe they were legitimately purchasing vacant homes that Amos did not actually own.
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Developer planning $60M project near Ball State

May 10, 2013
Associated Press
Investment Property Advisors of Valparaiso hopes to build a four-story building wrapping around a six-story parking garage that will have 228 apartments and storefronts on the street level.
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Duke Realty puts 17 Midwest office buildings on block

May 10, 2013
Bloomberg News
The developer is selling the buildings in Cincinnati, Cleveland and St. Louis to increase its emphasis on industrial properties. A research firm values them at $149 a square foot, or a total of about $350 million.
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  1. Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.

  2. Yes. Blame those who were too lazy to go vote Obama out and those who voted him in again. That's my take on it. I know folks won't get it on the left. OK. Start berating me now!

  3. Serioulsy, people are AGINST this project? Most communities would be salivating over a project like this. You'd rather have an empty eye-sore gas station and shacks posing as apartments? This project is exactly what BR needs. BUILD IT MR MAYOR. And yes, I am a BR resident, and have been for 20 years.

  4. As a St. Vincent employee of over 20 years, I am saddened and disheartened by this announcement. Unfortunately, as the healthcare "industry" continues on this political and corporate path, all that St. Vincent Hospital has stood for spiritually for its employees and this community is being sucked dry. I know it truly has no choice. It is not just Obamacare or just competition or just any single thing. This trend started long before I was even born when the government became involved in healthcare and it became an "industry." I grieve for those who will lose their jobs, one of whom may be me, but I also grieve for this hospital which I have served for over 20 years. May God give us and it the grace to withstand the future of healthcare.

  5. Why do people constantly harp on this issue and act ignorant about what a city population measures? A city's population is the city's population. There is no argument or debate about it. If you want to measure the density of a city--measure it. If you want to measure the size of a metropolitan area, then measure the metropolitan population. City boundaries cover different sized areas--and they always have (though the disparity has probably increased since about 1900 or so when more cities began annexing their surrounding communities). For example, San Francisco only covers 49 square miles while Houston cover nearly 600 square miles. No one argues about the population rankings of either city even though they clearly cover extremely different sized areas. Indianapolis is the 13 largest city by population in the U.S. That is a fact. While the population of a metropolitan area may give you a better sense of how large a community is, as noted, even metro areas can vary widely in the size of geographic area they cover--so that is not a perfect comparison either.

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