Real Estate & Retail

Design group honoring Ratio Architects founderRestricted Content

May 3, 2014
Local architect Bill Browne, president and founder of Ratio Architects, will be honored May 22 by the Interior Design Coalition of Indiana as its 2014 Legend IN Design recipient.
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Kite Realty reports profit on soaring revenue

May 1, 2014
Revenue jumped to $42.7 million as more of the company's retail developments became operational. Its acquisition of nine properties in November also contributed to the gain.
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Duke Realty reports first-quarter growth in FFO

April 30, 2014
The Indianapolis-based real estate developer saw higher revenue and improved funds from operations, a common measure of performance for real estate investment trusts, in the first quarter.
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Exec from struggling RadioShack joins HHGregg

April 30, 2014
 IBJ Staff
In joining the Indianapolis-based firm as COO, Troy Risch trades one big retailer struggling to find its footing for another.
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Two downtown office towers poised to get new asset manager

April 29, 2014
Scott Olson
Sam Zell's Equity Group Investments would step in at Chase Tower and PNC Center, replacing a firm accused of conflicts of interest and underperformance.
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City predicts rising property values around justice center

April 28, 2014
Kathleen McLaughlin
The argument that the complex could help revitalize the neighborhoods near the former GM stamping plant southwest of downtown could be crucial for securing the support of residents.
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Central Indiana home to 2 of state's 10-most-endangered places

April 26, 2014
 IBJ Staff
The Mills House in Greenwood appeared on the list for the first time, while the Anderson Athletic Park Pool made a return appearance. Indiana Landmarks unveiled the list at its Rescue Party Saturday night.
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Competition spurs Butler to launch blitz of renovation, constructionRestricted Content

April 26, 2014
Scott Olson
Butler University plans to add new residence halls, construct a larger facility to house its business school, and renovate existing academic buildings and dormitories as part of sweeping upgrades at the private school.
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Flurry of renovations upgrade downtown Indianapolis hotel scene

April 26, 2014
Anthony Schoettle
Trend driven by hyper competition, pent-up demand from the recession, opening of JW Marriott.
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Firm that figured out how to sell hair-salon products online is snapped up by giantRestricted Content

April 26, 2014
Dan Human
Indianapolis startup Loxa Beauty was barely generating revenue last year when one of the biggest companies in its industry offered to buy it.
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Finish Line's chain of running stores 'turning a corner'Restricted Content

April 26, 2014
Scott Olson
The Finish Line Inc.’s 48-store specialty running chain has been stuck in neutral and unable to grind out a profit since its inception three years ago. But the Indianapolis-based athletics retailer thinks its Running Specialty Group is poised at least to break even this year after reporting small losses every year since 2011.
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Alcohol industry fights teen drinkingRestricted Content

April 26, 2014
“We don’t serve teens” is underwritten by the Wine & Spirit Distributors of Indiana, Indiana Association of Beverage Retailers, Indiana Licensed Beverage Association, Indiana’s Budweiser Wholesalers and the Indiana Restaurant & Lodging Association.
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City picks former GM site for new criminal justice complex

April 25, 2014
 IBJ Staff
The city of Indianapolis announced Friday that it is asking development teams to use part of the former GM Stamping Plant property west of downtown in its proposals for a new criminal justice center.
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Finish Line increases stake in running division

April 25, 2014
The Indianapolis-based athletics retailer bought a larger share in the Running Specialty Group, a chain that operates 49 stores in 11 states.
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Council advances smoke-detector requirement

April 24, 2014
Kathleen McLaughlin
Indianapolis homeowners and landlords would have to buy smoke detectors with non-removable, non-replaceable batteries under a proposal that’s advancing through the City-County Council with bipartisan support.
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City cites apartments for hundreds of violations

April 24, 2014
 IBJ Staff
Five local apartment complexes and one owner of multiple rental properties were accused of unreasonably consuming city, public, and law enforcement resources.
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Council sues city over public safety lease deal

April 23, 2014
Scott Olson
The City-County Council wants to force officials to produce documents relating to the controversial lease of the public safety operations center on the east side. It was vacated in September due to safety and health code violations.
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Removing false homestead exemptions to yield bonanza

April 22, 2014
Kathleen McLaughlin
Marion County stands to receive tens of millions of dollars from property owners who’ve been claiming false homestead deductions when this spring’s tax bills are collected.
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Sales of U.S. existing homes sink to 20-month low

April 22, 2014
Associated Press
The sharpest sales increase occurred among homes priced at $1 million or above. Sales fell in nearly every other price group.
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Broad Ripple landmark has new owner

April 22, 2014
Scott Olson
Monon Housing Partners LLC bought what's known as Mustard Hall near the southeast corner of Broad Ripple and Guilford avenues and is seeking tenants for the building.
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Simon posts strong quarter on higher mall occupancy

April 22, 2014
Scott Olson
The nation's largest mall owner reported a 16.1-percent increase in first-quarter funds from operations as demand for retail space in outlet centers climbed.
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Craft beer chain to open $2.5M Broad Ripple location

April 22, 2014
 IBJ Staff
Called HopCat, the bar will anchor the long-vacant corner space in the Broad Ripple parking garage on the southwest corner of College and Broad Ripple avenues.
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Court approves $26M acquisition of Indiana Limestone

April 21, 2014
 Bloomberg News and IBJ Staff
Indiana Limestone president Duffe Elkins said the business is expected to reopen and rehire workers after the new ownership takes charge.
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Indianapolis architectural salvage yards still in the huntRestricted Content

April 19, 2014
Jeff Newman
The recession and lingering uncertain construction market put the shops through a withering shakeout, but several have found ways to thrive.
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BECKER: Indianapolis transit hub will redeem eyesoreRestricted Content

April 19, 2014
Lynn Becker / Special to IBJ
Buses get no respect. Romance clings to the rails and to the grand stations that serve them. When you take a train, you may well find yourself in a replica of a Greek temple or the Baths of Caracalla.
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  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

  3. Illegal aliens. Not undocumented workers (too young anyway). I note that this article never uses the word illegal and calls them immigrants. Being married to a naturalized citizen, these people are criminals and need to be deported as soon as humanly possible. The border needs to be closed NOW.

  4. Send them back NOW.

  5. deport now

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