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Real Estate & Retail
Gerdt 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.
MoreApartments, shops planned for old Beech Grove hospital site
December 13, 2012
Dubbed Franciscan Place, the $20 million development will feature 150-plus senior-living apartments, shops and a restaurant
in the old hospital. Work is expected to begin in February.
MoreHome seizures by banks rise in Indiana, nationally
December 13, 2012
IBJ Staff, Bloomberg News, Associated PressHome repossessions rose in 29 states and the District of Columbia in November, led by an increase of 96 percent in Indiana.
However, the number of homes starting on the path to foreclosure declined to the lowest level in six years.
MoreSettlement ends bitter battle over Mel Simon estate
December 12, 2012
Cory SchoutenA long, contentious family battle over the $2 billion estate of the late shopping mall tycoon Melvin Simon has ended with
a confidential settlement.
MoreFormer NBA player Henderson gets city OK to build home
December 12, 2012
Scott OlsonFormer Indiana University and NBA basketball player Alan Henderson got approval to build a home on Indianapolis’ north
side in spite of fierce opposition from neighbors.
MoreSimon’s Rushmore Mall loan sent to servicer, Fitch says
December 12, 2012
Bloomberg NewsA loan with a balance of $94 million on a South Dakota shopping center owned by Simon Property Group was sent to a special
servicer because default is imminent, Fitch Ratings said.
MoreHousing group sues Buckingham over apartment accessibility
December 11, 2012
Scott OlsonThe National Fair Housing Alliance alleges in a lawsuit that four of the local apartment developer's properties violate Fair
Housing Act accessibility requirements.
MorePedcor to start second phase of Carmel's City Center
December 11, 2012
Tom HartonThe Nash, a three-story, $10 million mixed-use building, is to be built just south of City Center on the west side of Rangeline
Road.
MoreDeadline looms to refile for homestead tax break
December 10, 2012
Scott OlsonThe law, passed in 2009, says Hoosier homeowners will lose their deduction beginning in 2013 if they don't complete and return
a homestead verification form by Jan. 1.
MoreBill would crack down on convenience store safety
December 8, 2012
Stores with crime problems that wanted to remain open overnight would have to do one of the following: have two employees
working, install a bulletproof enclosure, have a security guard or conduct business through a pass-through trough.
MoreRetail, apartment blitz hits Fishers
December 8, 2012
Cory SchoutenIt seems as if all of Fishers is under construction—and not just the perpetual improvements to Interstate 69. Developers
have lined up a multitude of deals adding residential and commercial space, projects that are coinciding with the town’s
recent voter-approved transition to a city.
MoreLawmakers may tighten grip on gold-buying business
December 8, 2012
Kathleen McLaughlinState lawmakers and Indianapolis officials are looking to regulate the gold-buying business, which police say provides an
easy outlet for stolen goods. Cash-for-gold stores have multiplied as prices more than doubled since 2007.
MoreHow 3 real estate entrepreneurs expanded during slowdown
December 8, 2012
Cory SchoutenAasif Bade of Ambrose Property Group, Tadd Miller of Milhaus Development and Joe Whitsett of The Whitsett Group saw opportunity
as many rivals retrenched.
MoreCornerstone content with small medical developments
December 8, 2012
Local firm has carved out niche building for hospitals, physician groups.
MoreSecond-quarter commercial real estate statistics for Indianapolis
December 8, 2012
Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates
and the local industrial market.
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So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.
Owner occupied housing. Clear enough?
So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.
Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.
RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.