Real Estate & Retail

Local luxury home sales jumped in February

March 15, 2010
Kathleen McLaughlin
Luxury home sales in central Indiana surged in February despite an overall decline in home sales, Re/Max of Indiana reported Monday morning.
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Brizzi's lease deals benefited friend, donor

March 13, 2010
Cory Schouten
Records show Marion County Prosecutor Carl Brizzi directed lucrative work for the Prosecutor's Office to his friend, business partner and political contributor John Bales.
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Recycler J. Solotken & Co. recycles old building

March 13, 2010
 IBJ Staff
Century-old firm moves from facility it had occupied since 1936 to former home of Frank E. Irish Co.
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Carmel contractor offers scholarshipsRestricted Content

March 13, 2010
 IBJ Staff
Carmel-based Williams Comfort Air, a heating and cooling contractor, is accepting nominations for its Extraordinairy Treasures annual scholarship program. Six one-time scholarships totaling $5,000 will be awarded to high school seniors based on community service, leadership activities and family commitment.
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Indianapolis Housing Agency pulls off big tax credit deal

March 13, 2010
Tom Harton
City agency plans renovations, expansions at eight apartment properties.
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Marine tech unit to fill four floors at struggling M&I Plaza

March 13, 2010
Cory Schouten
A 10-year, $20 million deal for a civilian division of the U.S. Marine Corps to occupy four floors of the 28-story M&I Plaza building downtown will push the city's sixth-largest office tower from a woeful 30-percent occupancy rate to about 50 percent.
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Carpenter Realtors trots out smart phone technology

March 13, 2010
 IBJ Staff
Specialized bar codes will be on Carpenter materials ranging from print advertisements to yard signs.
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Simon says new General Growth plan is less uncertain

March 11, 2010
Bloomberg News
A new plan by mall owner General Growth Properties Inc. to exit bankruptcy resolves some uncertainty rival bidder Simon Property Group Inc. has criticized, Simon CEO David Simon says.
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Area home sales, prices show increase

March 11, 2010
The housing market could be awakening from its deep sleep, if February home-sale agreement figures are any indication.
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Former Saturn franchise in Fishers enters new orbit

March 11, 2010
Chris O'Malley
An All Things Automotive franchise is replacing Saturn of Fishers. The concept, aimed particularly at displaced Saturn dealers, involves used-car sales and service bays stocked by Carquest.
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Lawyers in Simon estate case fight over what should be public

March 10, 2010
Greg Andrews, Cory Schouten
Parties disagreed over public disclosure in the first major court hearing in the dispute over how to divide the billionaire's fortune.
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Delta Faucet cutting 40 more jobs at Greensburg plant

March 10, 2010
The Carmel-based company said its decision to consolidate machining activities at a plant in Tennessee is driven by weak retail sales and a sluggish housing market.
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Huge tax-credit deal will fund rehab of 538 apartment units

March 9, 2010
Tom Harton
The largest tax credit deal in state history will fund the rehabilitation of 538 apartments in four complexes owned by the Indianapolis Housing Agency.
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General Growth investors add $3.93B to Brookfield plan

March 8, 2010
Bloomberg News
The cash payment matches a provision of a competing bid by Indianapolis-based Simon Property Group Inc., which has offered to buy its biggest competitor for more than $10 billion and pay all unsecured creditors.
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Timber industry seeks respect, profit from 'green' standards

March 6, 2010
Chris O'Malley
Why should bamboo imported from Asia or steel made through intensive use of energy be consider greener than locally grown trees? timber interests ask.
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Simon Property CEO uses hard-nosed style to excel at acquisitions

March 6, 2010
Cory Schouten
David Simon, the shrewd and blunt deal-maker—an acquisitive former Wall Street wunderkind who transformed Simon Property Group Inc. into the nation's largest mall owner—is trying to land his biggest deal yet.
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Motorsports park proposed for southwest side of Indy

March 6, 2010
 IBJ Staff
Plans call for a Motocross track, one-fifth-mile dirt track and ATV trails on 36 acres near Interstate 465 and Mann Road.
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Legal battle over Simon estate plan puts big gifts in limbo

March 6, 2010
Kathleen McLaughlin
Billionaire mall developer Melvin Simon wanted to leave the Jewish Federation of Greater Indianapolis $10 million, but it could be up to his widow, Bren Simon, whether to fulfill that wish.
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Magazine names Fishers 'top affordable suburb'

March 5, 2010
 IBJ Staff
The Bloomberg BusinessWeek survey gives the town north of Indianapolis high grades for "livability, safety, education, and economic performance."
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Judge signs off on Hansen & Horn liquidation

March 4, 2010
Scott Olson
A court-appointed receiver can begin selling the assets of troubled home builder Hansen & Horn Group Inc., after a judge approved its liquidation on Wednesday.
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Creditors: General Growth biased toward Brookfield proposal

March 3, 2010
Bloomberg News
General Growth Properties Inc. may favor a risky bid from Brookfield Asset Management Inc. because of that company’s agreement with William Ackman’s Pershing Square Capital Management LP, creditors said in court documents. Simon Property Group also has bid to acquire the bankrupt company.
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Simon daughter questions using father's estate to pay donations

March 2, 2010
Greg Andrews
Pledges to St. Vincent, Indianapolis Museum of Art should be paid by trusts, foundations affiliated with Bren Simon, court papers allege.
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Mass Ave project works toward April approval

March 2, 2010
Tom Harton
Trail Side on Mass Ave would include 69 one-bedroom apartments and about 23,000 square feet of ground-level retail space.
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Stutz Business Center owner purchases Canterbury Hotel

March 1, 2010
Scott Olson
Turner Woodard has purchased the historic Canterbury Hotel on South Illinois Street. He said the hotel fits his vision of turning around properties and making them profitable.
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Hearings on Walgreens' bid to sell alcohol continued

March 1, 2010
Scott Olson
The Illinois-based drugstore chain is seeking to sell beer and wine at 29 of its stores in Marion County. Opponents argue that the county already has granted enough permits.
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