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Real Estate & Retail
Area homebuilding permits jump 10 percent
April 10, 2013
IBJ StaffSingle-family building permits filed in the nine-county Indianapolis area rose again in March, the ninth straight month of
year-over-year increases.
MoreCalifornia firm snaps up downtown office towers
April 10, 2013
Scott OlsonHertz Investment Group has closed on its purchase of the 650,000 square-foot, two-tower Capital Center and its 525-space underground
parking garage.
MoreSteak n Shake facing new suit over mandatory menu pricing
April 10, 2013
Scott OlsonAnother Steak n Shake franchise owner is suing the company over its controversial practice that prohibits restaurants in the
chain from setting their own menu prices, even after a federal appeals court sided with a franchisee.
MoreExisting-home sales market surging 15 percent across Indiana
April 9, 2013
Associated PressThe housing market has spiked so much in some places that real estate agents are turning to Facebook and going door-to-door
looking for prospective sellers because of a shortage of houses for sale.
MoreDeveloper closing in on Ironworks anchor tenant
April 9, 2013
Scott OlsonHendricks Commercial Properties is set to break ground on the $30 million mixed-use development on the southwest corner of
86th Street and Keystone Avenue on Wednesday.
MoreIEDC deal with Mainstreet put on hold by Pence
April 8, 2013
Associated PressGov. Mike Pence asked the Indiana Economic Development Corp. on Monday to review its decision to grant $345,000 in economic
incentives to a company started by a top Republican lawmaker and his son.
MoreSimon taps Pace bonds to fund energy projects
April 8, 2013
Bloomberg NewsIndianapolis-based Simon Property Group Inc. is among borrowers funding projects from rooftop solar panels to energy-savings
systems using so-called Pace financing.
MoreDeveloper to move HQ to Carmel, create 25 jobs
April 8, 2013
Mason KingFast-growing Mainstreet Property Group will invest $800,000 to lease and equip offices at 14390 Clay Terrace Blvd.
MoreCity to buy key parcel for 16th Street tech corridor
April 6, 2013
Scott OlsonThe city of Indianapolis is poised to pay Citizens Energy Group $6.5 million to buy a key parcel of real estate it’s
targeting as the centerpiece of its ambitious 16 Tech project.
MoreMobile boutique takes pop-up retail on the road
April 6, 2013
Jill McCarterHeather Hogan Pirowski, owner of Retro 101, is among a growing number of retailers who have chosen the nomadic lifestyle .
Looking for an alternative to the fixed overhead of a permanent location, they set up shop at a site for a few days or weeks,
then pack up and move on.
MoreIce to take over operations at Pan Am skating facility
April 5, 2013
Mason KingThe Indiana Ice have come to an agreement with owner Kite Realty Group to use the Pan Am Plaza skating facility as a training
center and venue for games after renovations this summer. It also will be open to the public for other ice-related activities.
MoreNoblesville OKs $40 million upscale apartment project
April 5, 2013
Andrea Muirragui DavisThe vast multifamily project in the city’s massive Corporate Campus would effectively close out such development there.
City officials hope it will attract more businesses.
MoreIce likely to play more games at revamped Pan Am facilities
April 5, 2013
Scott OlsonBuilding owner Kite Realty Group Trust has agreed to renovate the aging facility's ice rinks to enable the hockey team to
play more games there next season.
MoreGreenwood pet store stocked with exotic critters
April 5, 2013
Associated PressFrom tarantulas to emperor scorpions and monitor lizards, Pandemonium Exotics caters to enthusiasts looking for pets beyond
a dog or cat.
MoreSimon sticks with key terms of CEO's pay despite shareholder ire
April 5, 2013
Greg AndrewsThe company made small adjustments to David Simon's package but left in place the element that created the largest controversy—a
stock retention bonus valued at $120 million he'll receive if he stays through July 2019.
MoreMonument Circle face-lift set to move forward
April 4, 2013
Kathleen McLaughlinThe city recently signed a $555,750 contract with a local firm for design work on the Circle, leading to a two-year repaving
project with other improvements.
MoreSkating academy to close ice rinks at Pan Am Plaza
April 3, 2013
IBJ StaffIndiana World Skating Academy, a fixture in downtown Indianapolis since 1987, plans to suspend operations of its two indoor
ice rinks at Pan Am Plaza this month and begin looking for a new location, the not-for-profit announced Wednesday.
MoreCharlie & Barney's ends 36-year restaurant run
April 3, 2013
Scott OlsonIndianapolis chain Charlie & Barney's, known for its chili, has closed its flagship downtown location, leaving it without
a restaurant for the first time since its 1977 founding.
MorePedcor moving ahead with $13M Central State apartments
April 2, 2013
Scott OlsonThe Retreat on Washington would be the developer's second project at the former psychiatric hospital campus on Indianapolis'
west side.
MoreLilly to spend $180M doubling size of Indy plant
April 2, 2013
The new investment will bring the plant's total price tag to $320 million as the pharmaceutical giant seeks to increase production
of insulin and related products.
MoreAppeals court upholds Marsh's $18.2M award from Roche
April 1, 2013
IBJ Staff, Jennifer Nelson / The Indiana LawyerThe Indiana Court of Appeals upheld an $18.2 million judgment Monday in favor of Marsh Supermarkets LLC on its complaint alleging
that Roche breached a contract to sublease space in the Fishers building that houses Marsh’s headquarters.
MoreWhitsett bids to redevelop Star headquarters
April 1, 2013
Scott OlsonOne of the city's most prolific developers of affordable housing hopes to buy the Indianapolis Star headquarters
to redevelop the property into apartments or condominiums.
MoreRACE: Zoning overhaul might not go far enough
March 30, 2013
Bruce Race / Special to IBJIndy Rezone won't change the city's timid approach to planning.
MoreVeteran residential launches own real estate firm
March 30, 2013
IBJ StaffJoe Everhart, who had spent 20 years at the Sycamore Group, opened his own business at 716 Massachusetts Ave.
MoreCrunching the numbers on Obamacare
March 30, 2013
J.K. WallThe biggest changes from President Obama’s 2010 health reform law take effect nine months from now, so many Hoosier
employers have started crunching detailed numbers to cost out their options.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.