Real Estate & Retail

Ambrose snags large industrial deal

February 26, 2013
Tom Harton
Ambrose Property Group will break ground next month on its first industrial project, a 545,010-square-foot national distribution center for Gordmans Inc.
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Architects, planners brainstorm Indianapolis transit terminal designRestricted Content

February 23, 2013
Mason King
Here’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.
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Three years after opening, Indiana Design Center fillsRestricted Content

February 23, 2013
Norm Heikens
Tenants include interior designers, artists, kitchen cabinet firms.
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HEMPSTEAD: Indianapolis approaching important tipping pointRestricted Content

February 23, 2013
Sarah Hempstead
Confluence of trends, developments offer special opportunity.
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Marsh 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.
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Cash-for-gold retail bill passes Indiana House

February 21, 2013
Kathleen McLaughlin
The Indiana House on Thursday approved a bill regulating cash-for-gold stores, which have proliferated since gold prices shot up in 2008.
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A2SO4 architectural firm reopens after temporary closure

February 21, 2013
Scott Olson
The 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.
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Bill to toughen state 'bath salts' laws advances

February 20, 2013
Associated Press
The bill would require the state to suspend the business license for a year of any retailer caught selling synthetic drugs or lookalikes.
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Office Depot agrees to buy OfficeMax for about $1.2B

February 20, 2013
Associated Press
The 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.
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REI, Chicago partner picked to build office building at IUPUI

February 19, 2013
Tom Harton
The five-story, $22.9 million building would be constructed on university-owned land at the northeast corner of New York Street and University Boulevard.
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Legislature backs delay for Indiana farmland tax hike

February 18, 2013
Associated Press
New calculations for property taxes on Indiana farmland would be delayed for a year under a proposal approved by the state Legislature.
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Decision could come soon on Don Marsh severance claim

February 18, 2013
Scott Olson
The 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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Bankruptcy stops condos' auction

February 18, 2013
Dan Human
An Indianapolis developer’s last-minute bankruptcy filing halted the auction of a struggling downtown condominium project.
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Jury returns $2.2M judgment against Don Marsh

February 16, 2013
 IBJ Staff
A federal jury returned a $2.2 million judgment against iconic Marsh Supermarkets CEO Don Marsh late Friday, finding that he tapped corporate coffers for personal expenses.
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Indy-area home sales off to strong start in 2013

February 15, 2013
 IBJ Staff
Home-sale agreements in the nine-county Indianapolis area spiked 17.2 percent in January compared to the same month a year earlier, suggesting last year's housing recovery continues to gain momentum.
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Drywall contractor charged with underpaying employees

February 15, 2013
Dan Human
An Indianapolis drywall contractor faces criminal charges that he underpaid his employees working on a government housing project, and then falsified documents to cover it up, the Marion County Prosecutor's Office announced Friday.
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Jury to begin deliberating in Don Marsh trial

February 15, 2013
Scott Olson
The panel of nine will begin closed-door discussions Friday afternoon following closing arguments from attorneys representing Marsh Supermarkets Inc. and the former CEO of the company accused of spending $3.3 million of company funds on personal expenses.
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Witnesses: Don Marsh’s expenses never questioned

February 14, 2013
Scott Olson

Lawyers for the former CEO of Marsh Supermarkets on Thursday hammered home their claims his expenses were widely accepted in the company as normal business costs, while witness testimony revealed a corporate culture that passed the buck on evaluating those costs.

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Marsh Supermarkets rests case against former CEO

February 13, 2013
Scott Olson
Lawyers for Don Marsh got their first chance to go on the offensive Wednesday after Marsh Supermarkets Inc. rested its case against the company's former CEO.
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David Marsh defends trips he took at company's expense

February 12, 2013
Scott Olson
The former Marsh Supermarkets president told jurors: "Every time I used [the plane] I had a time constraint, and my time was valuable to the company."
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Sun Capital execs 'shocked' by Marsh financials

February 12, 2013
Scott Olson
Any feelings of satisfaction that Sun Capital Partners executives had after completing the acquisition of Marsh Supermarkets Inc. quickly turned to "shock and surprise," a managing director of the private-equity firm told jurors Tuesday.
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Home-building permit filings continue to climb

February 12, 2013
Area home-building activity continues to improve as the number of single-family permits filed in January jumped 55 percent from the same period last year.
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Architectural firm A2SO4 ordered to cease operations

February 12, 2013
Chris O'Malley
The Indiana Department of Revenue has revoked the Indianapolis firm's retail merchant certificate, alleging it owes more than $43,000 in taxes.
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Downtown projects face crucial hurdles

February 12, 2013
Tom Harton
Two downtown apartment projects seek critical government approvals in the next month, while  another commercial project is on track to start this year.
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CIB cuts price on Ober Building after inspections

February 11, 2013
Cory Schouten
The Capital Improvement Board of Marion County has agreed to slash its sale price on downtown's Ober Building by $700,000 after inspections showed problems including a leaky roof and damaged HVAC system.
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