Real Estate & Retail

Aging building gets spruced upRestricted Content

April 20, 2009
Another rundown building near the northwest corner of Washington and Pennsylvania streets is getting some attention after years of neglect.
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Lauth, a once-booming developer, has sliced 90 percent of work force, lost control of some propertiesRestricted Content

April 20, 2009
Cory Schouten
Struggling developer Lauth Group Inc. has cut about 90 percent of its staff and lost control of part of its portfolio to a major equity partner-developments that raise doubts about whether the locally based company can survive the recession.
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Noblesville offered generous incentives to Simon for mallRestricted Content

April 20, 2009
Cory Schouten
The old adage that retail follows rooftops is only partially true; retail also follows taxpayer-funded incentives.
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Emmis creates option to sell, lease back HQRestricted Content

April 20, 2009
Greg Andrews

Would embattled Emmis Communications Corp. sell its Monument Circle headquarters, a prized development that opened a decade ago at what then-Mayor Steve Goldsmith called "the most important site in the city and the very center of Indiana?"

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Simon layoffs would jeopardize HQ incentive dealRestricted Content

April 20, 2009
Cory Schouten
During one of the worst markets for real estate in decades, at a time when developers of all sizes are shedding employees, officials with Simon Property Group Inc. continue to insist they have had zero layoffs.
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Founders sell Greenwood firmRestricted Content

April 6, 2009
The three founders of Greenwood-based Leading Edge Commercial Real Estate Services have sold the firm's commercial real estate division to one of their associates, Gretchen Radke.
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Foreclosure investors shift to buy-and-hold strategyRestricted Content

April 6, 2009
Sam Stall
Instead of buying and selling, investors with ready cash are buying houses at substantial markdowns, turning them into rental properties and sitting tight until the market improves.
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Most office-space renters opt to stay where they areRestricted Content

April 6, 2009
Sam Stall
Tight budgets, unsure future make moving unattractive to office-space renters.
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Few private firms survive to third generationRestricted Content

March 30, 2009
Cory Schouten
The Gene B. Glick Co. has managed to accomplish what few privately held family enterprises can—keeping the company alive for a third generation.
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A new generation takes over Glick apartment empire

March 30, 2009
Cory Schouten
A new generation of company leadership is revving the Gene B. Glick Co. and building and buying apartment complexes again.
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Historic downtown building may be rescued.Restricted Content

March 23, 2009
Cory Schouten
Local developer Halakar Properties Inc. is seeking tax abatement to save an endangered property.
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Developer could turn Maxwell to apartmentsRestricted Content

March 23, 2009
Sluggish condo sales have led developer Kosene & Kosene Residential to consider turning its latest downtown project, The Maxwell, into apartments.
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Noble Roman's stands to lose more than it's worth in legal action by former franchiseesRestricted Content

March 23, 2009
Cory Schouten
More former franchisees have joined a lawsuit against Noble Roman's Inc., raising the prospect that a courtroom loss could sink the locally based pizza chain.
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Group wants to redevelop buildings, land near CircleRestricted Content

March 23, 2009
Cory Schouten
Uptown Realty Investors, owners of two vacant buildings and a fenced lot along Washington Street downtown, aren't giving up on redevelopment even after their plans for a $40 million mixed-use structure fell apart.
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Drugstores expanding on 86th Street corridorRestricted Content

March 23, 2009
A rough economy hasn't calmed the grudge match between drugstore giants Walgreen Co. and CVS Caremark.
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Duke upends growth plan, focuses on paying debtRestricted Content

March 16, 2009
Greg Andrews
In this horrendous environment, nothing is more important for a debt-laden public company than proving it can pay its bills
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Cookie Cutters not trimming back on expansion plansRestricted Content

March 16, 2009
Sam Stall
Cookie Cutters, a locally based franchise that offers children's haircuts, is so sure of its grip on its niche that — in spite of tough economic times — it hopes to increase its tally of franchised locations past 100 within five years.
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Marsh sues to exit pharmacy vendor agreement, could face up to $61M fineRestricted Content

March 16, 2009
Peter Schnitzler
Marsh Supermarkets Inc.'s attempt to switch to a cheaper supplier of prescription drugs has touched off a legal battle with the current supplier — which suggests it could fine the grocery chain as much as $61 million for reneging on its deal.
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Jack in the Box coming to IndyRestricted Content

March 16, 2009
The West Coast fast-food stalwart Jack in the Box is looking to expand to Indianapolis this year.
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MainGate scores another goalRestricted Content

March 16, 2009
Local merchandiser MainGate Inc. inked its fourth deal with an NFL team in less than a year.
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DINING: Mudsocks Grill doesn't mess around

March 16, 2009
Andrea Muirragui Davis
Mudsocks Grill offers a delicious grilled tilapia sandwich, blue-cheese-laden-pasta and Chili Con Queso. Try the fried cheesecake too.
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C.P. Morgan's demise puts 2,000 home sites on market already overwhelmed with landRestricted Content

March 9, 2009
Cory Schouten
The end of C.P. Morgan, the largest central Indiana builder for a decade, will throw 1,200 home lots and options for 800 more onto an already flooded land market.
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F.C. Tucker forms partnership with home-builder ShoopmanRestricted Content

March 9, 2009
F.C. Tucker Co. has entered into an agreement with Shoopman Home Building Group in which 21 Tucker real estate agents will staff model homes in seven communities Shoopman is developing.
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White River trail will weave in storiesRestricted Content

March 9, 2009
NINebark, a landscaping architectural firm, is making six large storyboards so that users of the planned White River Greenway will learn about the area's industrial history.
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Tobias Theater renovation is new model for environmentally sensitive constructionRestricted Content

March 9, 2009
Sam Stall
The 600-seat Randall L. and Marianne W. Tobias Theater (nicknamed The Toby) is arguably the greenest facility of its kind in the nation.
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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