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Real Estate & Retail
Lawsuit over Simon's bonus may expose board's mindset
March 9, 2013
Greg AndrewsThe $120 million retention bonus that Simon Property Group Inc.’s board awarded David Simon two years ago has spawned
a bitter legal battle in Delaware that promises to shed fascinating light on the inner workings of the board.
MoreBallard plans new redevelopment effort for Market Square site
March 7, 2013
Dan Human, Kathleen McLaughlinMayor Greg Ballard, in his annual State of the City speech scheduled for Friday, plans to call for new proposals for the downtown
site that previously was home to Market Square Arena. The city expects the proposals to include a high-rise building with
a major retail component.
MorePenske takes over Hertz car rental locations in Indiana
March 5, 2013
J.K. WallMichigan-based Penske Automotive Group Inc. has acquired 20 Hertz car rental outlets in Indiana and plans to add at least
five locations.
MoreHHGregg merchandising post turns over again
March 5, 2013
J.K. WallHHGregg Inc. on Tuesday hired its third chief merchandising officer in just over a year as the Indianapolis-based electronics
retailer continues to struggle to overcome plummeting sales of televisions.
MoreBaldwin move a win for Lauth, a setback for downtown
March 5, 2013
Cory SchoutenThe departure of trucking and auto fleet insurer Baldwin & Lyons Inc. from downtown's Landmark Center to The Congressional
in Carmel is a blow for the central business district and a bonanza for Lauth Property Group.
MoreStonegate Mortgage raising new round of funding
March 2, 2013
Norm HeikensFast-growing Indianapolis company is pushing to fill a vacuum in the housing market.
MoreSettlement talks set for Don Marsh severance dispute
March 1, 2013
Scott OlsonLawyers for Marsh Supermarkets Inc. and its former CEO will meet Monday on the issue of whether Don Marsh should have to repay
the roughly $2.1 million in severance he received from the company.
MoreLocal housing projects get $3.4M boost from tax credits
March 1, 2013
The Indianapolis developments include new apartments for seniors, the developmentally disabled and homeless veterans, using
sites such as Fort Harrison and the former Central State grounds.
MorePence signs bill delaying new farmland taxes
February 27, 2013
Associated PressIndiana Gov. Mike Pence has signed into law a one-year delay on new calculations for property taxes on farmland. The bill
was the first one Pence has signed into law since becoming governor last month.
MoreArson damages at Indy Catholic church reach $400K
February 27, 2013
Associated PressIndianapolis Metro Police Department Sgt. Linda Jackson said Wednesday that heavy smoke damage had increased the damages from
an early estimate of $15,000.
MoreLEADING QUESTIONS: Mainstreet CEO masters efficiency
February 27, 2013
Mason King
What are Zeke Turner's top five strategies for keeping his work week under 40 hours? Do you really need work e-mail
on your smart phone? What's it like to take a company public? The real estate exec has answers.
Carmel family members accused of securities fraud
February 26, 2013
Scott OlsonThe Indiana securities division accuses Charles Blackwelder, Chad Blackwelder and Cara Grumme of defrauding elderly investors
in a scheme to sell ownership interests in rental properties.
MoreIronworks project gets key city approval
February 26, 2013
Tom HartonThe city's Metropolitan Development Commission approved a Wisconsin developer's plan for a $30 million apartment and
retail project to be built on the site of the former Woodfield Centre retail strip.
MoreAmbrose snags large industrial deal
February 26, 2013
Tom HartonAmbrose Property Group will break ground next month on its first industrial project, a 545,010-square-foot national distribution
center for Gordmans Inc.
MoreArchitects, planners brainstorm Indianapolis transit terminal design
February 23, 2013
Mason KingHere’s what we don’t know: what it will look like, what amenities users can expect, and how it will link to rapid-transit
lines still in the planning stages. At the moment, the 1.9-acre parcel is a city-owned parking lot, situated on the south
side of Washington Street between Delaware and Alabama streets. But architecture, urban planning and mass transit fans imagine
it as an empty canvas, with the potential to showcase a signature structure that triggers more development nearby.
MoreThree years after opening, Indiana Design Center fills
February 23, 2013
Norm HeikensTenants include interior designers, artists, kitchen cabinet firms.
MoreHEMPSTEAD: Indianapolis approaching important tipping point
February 23, 2013
Sarah HempsteadConfluence of trends, developments offer special opportunity.
MoreMarsh closing stores in Marion, Columbus
February 22, 2013
The locally based grocery chain said it is shutting down the stores rather than renew leases. Following the closings, Marsh
will have 91 stores in Indiana and Ohio.
MoreCash-for-gold retail bill passes Indiana House
February 21, 2013
Kathleen McLaughlinThe Indiana House on Thursday approved a bill regulating cash-for-gold stores, which have proliferated since gold prices shot
up in 2008.
MoreA2SO4 architectural firm reopens after temporary closure
February 21, 2013
Scott OlsonThe firm in historic Union Station had been ordered to shut down by the state because it owed more than $43,000 in delinquent
taxes, but the state appears to have been mistaken in its decision.
MoreBill to toughen state 'bath salts' laws advances
February 20, 2013
Associated PressThe bill would require the state to suspend the business license for a year of any retailer caught selling synthetic drugs
or lookalikes.
MoreOffice Depot agrees to buy OfficeMax for about $1.2B
February 20, 2013
Associated PressThe move would combine the No. 2 and No. 3 office supply retailers and lead to consolidation in an industry that analysts
say is over-stored. Office Depot has eight stores in the Indianapolis area and OfficeMax has five.
MoreREI, Chicago partner picked to build office building at IUPUI
February 19, 2013
Tom HartonThe five-story, $22.9 million building would be constructed on university-owned land at the northeast corner of New York Street
and University Boulevard.
MoreLegislature backs delay for Indiana farmland tax hike
February 18, 2013
Associated PressNew calculations for property taxes on Indiana farmland would be delayed for a year under a proposal approved by the state
Legislature.
MoreDecision could come soon on Don Marsh severance claim
February 18, 2013
Scott OlsonThe issue will be decided by Judge Sarah Evans Barker, who presided over a two-week civil trial that saw a federal jury return
a $2.2 million judgment against the former CEO of Marsh Supermarkets Inc. late Friday night.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.