Real Estate & Retail

Parkwood West sets pace for north-side office space: Duke project boasts upscale amenities, top-level rentRestricted Content

October 22, 2007
Scott Olson
Duke Realty Corp.'s $125 million Parkwood West development well may be the new trendsetter for future office complexes along the burgeoning north-side Meridian Street corridor. One West, a five-story, 186,000-squarefoot Class A office building, is the first of three structures rising from the Parkwood West project at the northwest corner of Meridian and 96th streets. The upscale design as well as the added amenities that include a parking garage-rare in the suburban market-could become the rule instead of the exception....
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Indiana Court of Appeals reverses annexation decision:Restricted Content

October 22, 2007
Jennifer Mehalik
The Indiana Court of Appeals reversed a trial court's decision in a northern Indiana annexation case, citing a recent ruling on the subject from the Indiana Supreme Court. In the case, In the Matter of the Annexation Proposed by Ordinance No. 2004-11-38, et al. v. Chris Fetcko, et al., 45A03-0611-CV-549, the city of Crown Point appealed the trial court's order granting the motion for involuntary dismissal filed by Fetcko and other remonstrators to a city ordinance annexing certain land. Crown...
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Dunkin' Donuts' expansion plans may create coffee clash: Chain could put damper on Starbucks' local growthRestricted Content

October 22, 2007
Scott Olson
The return of Dunkin' Donuts to the metropolitan area last month gave java lovers here their first whiff of a brewing coffee war. The Boston-area-based chain's Carmel location is one of 80 franchised stores slated to open within the next eight years. Its re-entry into the market is part of a national campaign to more than double the number of its 6,000 locations by reinventing itself to challenge Seattle's Starbucks. Dunkin' Donuts is rolling out concept stores with hipper furniture...
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Pizza parlor, dog groomer among those going mobileRestricted Content

October 15, 2007
Jennifer Whitson
Neighborhood Pizza, which operates out of the back of a souped-up box truck equipped with a pizza oven and other necessities, is among a growing number of startups that are hitting the road--literally.
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Ralston Square project would honor city's first plannerRestricted Content

October 8, 2007
Cory Schouten
A local development team is working on a 10-story, mixed-use tribute to a man who helped design the original plan for Indianapolis, Alexander Ralston. The $60 million project, dubbed Ralston Square, would feature a 150-room hotel, 55 condos, a 617-space parking garage and 41,000 square feet of retail space.
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Loss of institute may polarize Statehouse debate: Board considers shuttering respected government research organizationRestricted Content

October 8, 2007
Peter Schnitzler
If the Indiana Fiscal Policy Institute remains shuttered due to a lack of funds, the public won't notice immediately. After all, the Indianapolis-based organization focused on long-term analysis of complicated communal questions, such as how to equalize property taxes, diversify state pensions or finance public schools. But taxpayers eventually will feel the impact. For 20 years, the institute has played a key role in Statehouse debate, helping frame major issues with hard facts and figures that conservatives and liberals alike...
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RETURN ON TECHNOLOGY: Give me the site, but hold the uninvited videoRestricted Content

October 1, 2007
Tim Altom
I can still remember when vacation movies were captured on 8mm film and had to be shown on jerky little projectors with hot bulbs that gave off ozone by the bucketful. Fascinating to the family that took the movies, but deadly dull to everyone else. Then along came video cameras that were much more portable and could show their movies on the family VCR. They had many advanced features, such as zoom, stop action, and even dubbing. And they were...
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Premier not afraid of going head-to-head with SimonRestricted Content

October 1, 2007
Cory Schouten
Premier Properties USA Inc. is preparing to go head-to-head with Simon Property Group Inc., the nation's largest and most powerful mall developer, across the street from Simon's top-performing The Fashion Mall at Keystone. Premier is proposing a 2.3-million-square-foot, $750 million development at 86th Street and Keystone Avenue called Venu.
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To weather downturn, housing industry rolls out incentivesRestricted Content

October 1, 2007
Sam Stall
For most of this decade, the Indianapolis residential real estate market enjoyed a very good run. But now it's muddling through the doldrums just like the rest of the country, and builders are pulling out all the stops to avoid getting stuck with inventory.
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Navigating the credit crunch: Will subprime woes leave you dry? Here's what to look for.Restricted Content

September 24, 2007
Scott Olson
For months, we've been reading and hearing news about the so-called subprime mortgage crisis and the resulting "credit crunch." For thousands of families who have lost their homes to foreclosure, the crisis is clear. For most people, however, the impact isn't so obvious. Beyond those directly affected by mortgage defaults, who else should be concerned about the aftershocks? Some economic forecasters are warning that the subprime mortgage situation and the ongoing weakness in the housing market could linger long enough...
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Fiercely private developer built strip-center empireRestricted Content

September 24, 2007
Cory Schouten
Sid Eskenazi fell in love with the board game Monopoly as a child. Buying and developing make-believe properties with make-believe money inspired the grade-schooler. And he was good at it. So several years later, Eskenazi began playing what he likes to call "adult Monopoly." He bought one property at a time with real money.
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EYE ON THE PIE: Give tax relief to those who truly need itRestricted Content

September 24, 2007
Morton Marcus
No topic brings me more mail than property taxes. Some of this mail is silly, some is tragic. Many writers are concerned that they or their neighbors will lose their homes because of propertytax increases. This is a serious, legitimate concern. However, it is not a reason to abolish property taxes. Those who are hard-pressed to pay their property taxes are not different from those who have problems paying utility bills, medical bills, and the costs of other necessities. These...
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City paves way to redevelop Bush Stadium siteRestricted Content

September 17, 2007
Peter Schnitzler
Indianapolis has initiated the redevelopment process for Bush Stadium, its shuttered sports landmark. The Metropolitan Development Commission has hired a pair of local firms for $25,000 to appraise historic Bush Stadium--a first step toward reuse or, more likely, at least partial demolition.
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Heart or head?: Intellect, emotions play role in most biz-location decisionsRestricted Content

September 17, 2007
Sam Stall
Ithe process of f n theory, retail, office or industrial location as should putting be as rational and unemotional reality, emotions together a spreadsheet. But in as hard data. can carry just as much weight "People use very sophisticated uildings processes , but in and evaluations to compare b ," s as much of an art as a science the end, it' . Smith, CEO eteran Samuel F said industry v Commercial of Indianapolis-based Resource aspect of it Real Estate...
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Township wrestles with incorporation: As Greenwood, Bargersville annex commercial corridors, rest of township declinesRestricted Content

September 17, 2007
Anthony Schoettle
White River Township in northwest Johnson County is dotted with an increasing number of high-priced homes and anchored by one of the area's strongest school districts. But the area, known as Center Grove, also is marked by crumbling roads, poor drainage and an anemic parks system. To preserve its strengths and shore up its growing weaknesses, some in the area think White River Township needs to incorporate into its own city. The township of more than 40,000 residents faces the...
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MCL spending $1M to freshen its imageRestricted Content

September 17, 2007
Peter Schnitzler
After 12 months of market research, MCL cafeterias discovered younger folks and families aren't familiar with the taste of the Mayfield's Value Plate or the Noon Special. So the company has launched a $1 million campaign to reposition its brand.
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24-year-old developer tackles $30M dealRestricted Content

September 10, 2007
Cory Schouten
Jaron Garrett hasn't developed anything like the 25-story tower he's proposing. And he doesn't come close to having the financial muscle to pull off the $30 million project on his own. But Garrett is determined to sell his vision of transforming a downtown eyesore at Washington and Pennsylvania streets into a twisting glass-and-steel apartment tower.
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Mayor says MSA 'not a priority'Restricted Content

September 3, 2007
Cory Schouten
With the Nov. 6 mayoral election looming, Mayor Bart Peterson seems content to wait for a third term to choose who will redevelop the Market Square Arena site. He's willing to put off the opportunity to wipe past failures clean in large part because the political climate has changed.
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Pan Am development deal diesRestricted Content

August 27, 2007
Cory Schouten
Fallout from the subprime mortgage fiasco has scuttled a developer's plans to acquire Pan Am Plaza and could complicate a host of other development deals under way in Indianapolis.
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CHRIS KATTERJOHN Commentary: IBJ's Enterprise Award hits 25Restricted Content

August 20, 2007
Giving out awards can be a tricky business. To wit, news broke Aug. 13 that CEO Peter Dunn has left Steak n Shake, a company we honored in 2005 with our annual Enterprise Award. A good chunk of the credit in our article profiling the company two years ago was directed at Dunn, an MBA and food-industry veteran who had energized the company with a philosophy that was producing results. Now he's gone. Do his departure and a decline in...
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Steak n Shake expects 'rebuilding year'Restricted Content

August 20, 2007
Cory Schouten
Steak n Shake Co. CEO Peter M. Dunn analyzed and measured just about everything at the restaurant chain, from drive-through times to employee turnover. All that research and testing was welcome when the company was thriving a few years ago. But the lack of evidence that all the analysis was paying off eroded Wall Street's confidence in Dunn.
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Noble Roman's rebuilds empire through franchisingRestricted Content

August 20, 2007
Michael Dabney
Noble Roman's Inc. stock this year has been rising nearly as fast as its pizza dough, defying skeptics who'd written off the long-ailing Indianapolis company. With a new business strategy built on franchising and dual-branded restaurants, Noble Roman's has seen quarter-to-quarter earnings increase for more than two years.
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Busy Lauth develops into national power: Hoosier entrepreneurs fuel growth at real estate firmRestricted Content

August 13, 2007
Cory Schouten
Before they had fancy suits or fast cars, the four owners of Lauth Property Group were resourceful teen-agers, busy finding ways to make money. Chairman Bob Lauth, President Michael Curless and CEO Greg Gurnik each started neighborhood lawn-care businesses. The company's treasurer and chief accounting officer, Larry Palmer, hawked programs at the Indianapolis Motor Speedway. At the time, their hard work and entrepreneurial instincts helped scrounge up date money. In the last few years, it's helped them turn Indianapolis-based Lauth...
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VOICES FROM THE INDUSTRY: So, you really want to be a real estate developer ...Restricted Content

August 13, 2007
Brian Mann
Real estate developers have a secret: We're not evil. OK ... we're not all evil This runs contrary to the perception that some people seem determined to promote. They opine that "good development" is an oxymoron. Development is a humbling business. It turns out that a lot of people know a lot more about the right way to do development than we do, and they're not shy about letting us and everyone else know this, in public meetings, private conversations,...
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PROFILE: LB&A Sign Management: Signs matter Artist helps firms promote their brandsRestricted Content

August 13, 2007
Jo Ellen
LB&A Sign Management Signs matter Artist helps firms promote their brands It takes more than a power drill to put up a company's sign these days. In most cities and towns, there are ordinances and zoning regulations to comply with and permits to get before a sign is tacked on the side of a building. Business owners also want their signs to capture the firm's essence-and look good, too. That's where Lisa Bohn comes in. Bohn, 40, parlayed 15 years'...
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