Real Estate & Retail

Downtown life sciences corridor flagged for development

November 28, 2009
 IBJ Staff
A new task force is charged with making recommendations for development of the city’s downtown certified technology park.
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Topping off planned for JW Marriott hotel

November 28, 2009
 IBJ Staff
The 34-story hotel, the city's largest, is scheduled to open in 2011.
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Alcohol distributor fights decision allowing big competitor into Indiana

November 28, 2009
J.K. Wall
National Wine & Spirits Inc. suffered a staggering reversal of fortune when the Indiana Alcohol and Tobacco Commission ruled Nov. 5 that Southern Wine & Spirits of America Inc. could distribute here.
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Airport plans holiday events to lure traffic to Civic Plaza

November 27, 2009
Associated Press
Entertainment planned for December could put airport visitors in a spending mood. Retail sales at the terminal have suffered this year due in part to a 10 percent drop in passenger traffic, prompting the Airport Authority to search for ways to boost revenue.
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Employers brace for Cyber Monday

November 25, 2009
Scott Olson
More than 53 percent of workers with Internet access, or 68.8 million, are expected to shop online Monday, according to the Washington, D.C.-based National Retail Federation.
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Neighborhood revitalization group calling it quits

November 24, 2009
 IBJ Staff
BOS Community Development Corp., created in 1982 to revitalize the Indiana Avenue and Midtown area, says its mission is accomplished.
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Patachou owner's pizzeria receives variance approval

November 24, 2009
Scott Olson
Cafe Patachou owner Martha Hoover can now move forward with plans to open a pizzeria next to her trademark eatery at 49th and Pennsylvania streets.
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Troubled homebuilder's funds frozen after failing to pay judgment

November 24, 2009
Scott Olson
A Marion County judge has frozen certain Hansen & Horn Group Inc. funds after the Indianapolis homebuilder failed to pay a $183,000 legal judgment. The move sheds light on the severity of the company’s woes.
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Research lab could replace ATA headquarters

November 24, 2009
Cory Schouten
Paul Kite Co. has applied for a rezoning of the 16.5-acre site to allow for non-airport uses.
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Biglari was persistent in pressing Western Sizzlin deal

November 23, 2009
Greg Andrews
Steak n Shake CEO Sardar Biglari proposed buying Western Sizzlin in January and again in May and advocated the unusual structure of the $39 million transaction.
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Remnants of failed Premier Properties finally hit market

November 21, 2009
Cory Schouten
CB Richard Ellis recently began marketing the most prominent of Premier Properties’ local properties, Metropolis. The Venu site at the southwest corner of East 86th Street and Keystone Avenue also is up for grabs.
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Falling property prices fuel new wave of bank woes

November 21, 2009
Peter Schnitzler
The second and third quarters were brutal for Indiana banks, as they set aside big reserves to cover losses on commercial real estate loans.
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Homeownership losing cachet due to housing bust, job losses

November 21, 2009
Cory Schouten
Multifamily housing may not benefit anytime soon from falling rates of homeownership.
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Fledgling technology park is development bright spotRestricted Content

November 21, 2009
Kim Puckett
WestGate@Crane Technology Park is adding office buildings for defense contractors next to the secretive Naval Surface Warfare Center at Crane.
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Denison light-replacement project shows expanding base of green vendors in regionRestricted Content

November 21, 2009
Chris O'Malley
Indianapolis parking garage operator Denison shuns sexy LED lighting for Fishers supplier’s induction lights.
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Indianapolis lawyer to open bar and lounge in 3Mass building on Mass Ave

November 21, 2009
 IBJ Staff
The bar, which isn't yet named, will be Baker & Daniels lawyer Trevor Belden's first bar.
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Indianapolis looks to Cleveland, Philadelphia for City Market examples

November 21, 2009
 IBJ Staff
The troubled Indianapolis City Market is looking East for a new direction. This summer, its executive director, Jim Reilly, visited Philadelphia and Cleveland to observe their successful urban markets and seek pointers that might be applied here.
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Airport retailers want relief from street pricing policy

November 21, 2009
Chris O'Malley
Airport concessionaires stung by a 10-percent drop in passenger traffic have asked the Indianapolis Airport Authority to ease a policy that was implemented more than 10 years ago to keep prices in line with what consumers pay outside the airport.
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RELLER: Refinancings likely to undermine prices for commercial real estateRestricted Content

November 21, 2009
Ross Reller
Buyers armed with cash stand to snap up distressed properties for 40 percent less than their 2008 appraised values.
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Pizza restaurants in works; wine shop heading to Fishers

November 21, 2009
 IBJ Staff
Hot Box Pizza plans to open a downtown location in the Harness Factory Lofts building, and WineTyme, a new local shop selling wines, craft beers and gourmet food, is coming to Fishers.
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Boot, apparel sales boost Shoe Carnival profit

November 20, 2009
Shoe Carnival Inc.'s quarterly same-store sales, which measure revenue from locations open at least a year, climbed 10.2 percent.
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Speedway breaks ground on redevelopment project

November 19, 2009
Scott Olson

Speedway officials broke ground Thursday morning on the first phase of a $500 million redevelopment project they hope will transform the small town into a year-round racing-themed destination.

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Premier Properties founder gets home detention for fraud

November 18, 2009
Cory Schouten
A judge on Wednesday afternoon sentenced Christopher P. White to one year on home detention and three years of probation in connection with a $500,000 bad check he wrote last year as he tried to save his real estate development firm, Premier Properties USA Inc.
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Simon exploring bid to purchase rival General Growth

November 18, 2009
General Growth is the second-largest U.S. mall owner, trailing only Indianapolis-based Simon Property Group, with more than 200 regional malls in 44 states.
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Locals expect few bright spots in 2010

November 17, 2009
Cory Schouten
Senior real estate executives remain pessimistic about the prospects for the Indiana market in 2010, although they see signs of improvement in the investment and residential sectors. That’s according to a survey of leaders of the local real estate community that the Urban Land Institute plans to unveil Thursday.
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  1. President Obama has referred to the ACA as "Obamacare" any number of times; one thing it is not, if you don't qualify for a subsidy, is "affordable".

  2. One important correction, Indiana does not have an ag-gag law, it was soundly defeated, or at least changed. It was stripped of everything to do with undercover pictures and video on farms. There is NO WAY on earth that ag gag laws will survive a constitutional challenge. None. Period. Also, the reason they are trying to keep you out, isn't so we don't show the blatant abuse like slamming pigs heads into the ground, it's show we don't show you the legal stuf... the anal electroctions, the cutting off of genitals without anesthesia, the tail docking, the cutting off of beaks, the baby male chicks getting thrown alive into a grinder, the deplorable conditions, downed animals, animals sitting in their own excrement, the throat slitting, the bolt guns. It is all deplorable behavior that doesn't belong in a civilized society. The meat, dairy and egg industries are running scared right now, which is why they are trying to pass these ridiculous laws. What a losing battle.

  3. Eating there years ago the food was decent, nothing to write home about. Weird thing was Javier tried to pass off the story the way he ended up in Indy was he took a bus he thought was going to Minneapolis. This seems to be the same story from the founder of Acapulco Joe's. Stopped going as I never really did trust him after that or the quality of what being served.

  4. Indianapolis...the city of cricket, chains, crime and call centers!

  5. "In real life, a farmer wants his livestock as happy and health as possible. Such treatment give the best financial return." I have to disagree. What's in the farmer's best interest is to raise as many animals as possible as quickly as possible as cheaply as possible. There is a reason grass-fed beef is more expensive than corn-fed beef: it costs more to raise. Since consumers often want more food for lower prices, the incentive is for farmers to maximize their production while minimizing their costs. Obviously, having very sick or dead animals does not help the farmer, however, so there is a line somewhere. Where that line is drawn is the question.

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