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Retail
Sweet Things keeps same flavor with new owner
December 26, 2009
Tawn ParentCandy store on north side of Indianapolis changes hands, but new owner Cassandra Schuchman keeps chocolate recipe intact.
The shop has stores at North Willow Mall and River Crossing.
MoreElwood rock store expands inventory
September 26, 2009
Marc D. AllanSpencer Lapidary expands offerings to include stained glass and silver.
MoreNew rail route connects Hendricks to West Coast: Line should bolster county's distribution industry
October 27, 2008
Sam StallA new rail route launched last month between Los Angeles and CSX's Avon rail yard could give a further boost to Hendricks
County's booming warehousing-and-distribution industry. The county already hosts some 29 million square feet of warehouse
space. However, it lacked a direct connection to the teeming Port of Long Beach in Los Angeles, a major gateway for U.S./
Asian trade. Anyone in the Hendricks County area wishing to send or receive goods from that port by rail had to...
MoreKite Realty goes on defensive: Local developer says stock sale should help it through tough times
October 27, 2008
Cory SchoutenExpecting a rocky 2009, locally based Kite Realty Group Trust sold nearly 5 million new shares in October to quickly raise
almost $48 million in cash. The retail real estate investment trust saw its stock price tumble after the $10.55-per-share
offering, from a close of $11.19 the day (Oct. 2) it announced the sale to $7.44 by Oct. 10. The deal dilutes existing shareholders,
but company officials say it puts Kite in a stronger cash position to pay down debt...
MoreSurviving the season: Retail landlords worry that tight holiday budgets could doom some retailers
October 27, 2008
Cory SchoutenRetailers usually get that Christmas-morning feeling of anticipation for the holiday shopping season. This year, many are
just hoping to survive. As consumers tighten their spending to cope with higher prices and shrinking savings, stores big and
small are feeling the pinch. Some stores, including Linens 'n Things, have filed for bankruptcy and plan to liquidate. Others,
like Circuit City, still are fighting for survival. The holiday shopping season is looking more like a make-or-break period
than the annual windfall-an...
MoreEYE ON THE PIE: Economic crisis explained, at last
October 20, 2008
Morton MarcusI was uncomfortably challenged when Faye of the Forest landed on my deck a few days ago wanting to know what all these economic
goings-on meant. "I'm responsible for teaching the elves," she said, "and I don't know what to tell them." "I don't know what
to tell you," I said. "But here's what seems to me has happened." "Some people," I said, "are unable to make the payments
on their mortgages. These mortgages are not held by the banks...
MoreFormer rocker rolling along in pizza business: Puccini's founder has 13 locations and counting
October 20, 2008
Sam StallFor much of his adult life, Don Main was a rocker rather than a restaurateur. But fate-along with a pressing need to find
a more profitable line of work-drove him to seek his fortune in a kitchen rather than onstage. Main, president and co-owner
of Puccini's Smiling Teeth, began his peculiar career change back in 1990, after a decadeand-a-half stint as a professional-but
not very well-paid-musician. At age 36, the bassist and lead vocalist for the band The Late Show...
MoreECONOMIC ANALYSIS: We may be in a recession, but don't expect calamity
October 13, 2008
Mike HicksIt will be some months before we know for sure, but I would wager today that the United States is in a recession. Our unemployment
rate is at right about the 50-year average, productivity is up, and living standards never have been higher. Even so, the
economy likely has been pushed into recession because uncertainty about credit will dramatically slow hiring and production
the next few months. Demand for goods also will be affected. This is financial-market mayhem spreading to...
MorePurdue professor cooks up healthier way to 'fry' food: Invention could make microwaves seem like crock pots
October 13, 2008
Sam StallA new cooking technology under development at Purdue University could please both dieters looking for lowercalorie meals and
food retailers seeking lower costs. It has the potential to produce "fried" foods using vastly less oil, and to cook them
at speeds that make microwave ovens seem as slow as crock pots. A Purdue professor is working with Anderson Tool and Engineering
Co. in Madison County to create advanced prototypes of the device, called a "radiant fryer." The first off the...
MoreTurmoil thrashes regional banks: As economy weakens, big local players fight to keep capital, customers' confidence
October 6, 2008
Cory SchoutenA rush of government-aided acquisitions has bestowed a too-big-to-fail halo over the likes of JP Morgan Chase, Bank of America
and Citigroup. But what about the formidable regional banks that operate more than half the bank branches in the Indianapolis
area? How stable are banks like National City, Huntington, Fifth Third, Key, M&I and Regions? Their shares have endured a
rough ride on Wall Street, but there's little evidence the ups and downs reflect the true health of the institutions....
MoreEYE ON THE PIE: Crisis pits fairness against urgency
October 6, 2008
Morton MarcusAs these words are written, we do not know what Congress will decide to do about the mortgage mess. But it is clear folks
are angry about the inequity of rescuing borrowers, lenders or traders with funding from the pockets of the innocent. Among
the "villains" are home buyers who took on mortgages they could not afford. Also marked for sanctions are over-eager lenders,
highly paid executives, and those who dealt in "innovative" financial products linked to mortgages. Those who...
MoreSimon Property Group exploring overseas markets
September 29, 2008
Cory SchoutenSimon Property Group Inc. has been readying its balance sheet and sizing up buyout targets in hopes of capitalizing on a worldwide markdown on shopping-center owners.
VOICES FROM THE INDUSTRY: Auction-rate securities create nightmare for investors
September 29, 2008
Thomas A.When a littleknown corner of the financial world hit a wall in February, auction-rate securities became an investor's worst
nightmare. Auction-rate securities are long-term corporate or municipal bonds with interest rates that reset at periodic auctions.
For years, the market for auction-rate securi ties operated smoothly. From 1984 through 2006, only 13 auction failures were
recorded. Then, in February 2008, in the midst of a credit crunch, demand for auction-rate securities dried up, causing auctions
to fail. Wall Street investment...
MoreBEHIND THE NEWS: Veteran builder keeps faith, despite shortage of buyers
September 22, 2008
Greg AndrewsPaul Shoopman could have sat on the sidelines savoring the fact that he sold his homebuilding firm in 2004, just months before
the market began a calamitous slide. But that's not Shoopman, who'd been building houses since 1971, the year he graduated
from high school. His dad loaned him the money for his first lot, and co-signed for the construction loan. Shoopman built
Dura Builders Inc. into Indianapolis' fifth-largest homebuilder before selling it to Los Angeles-based KB Home. A little...
MoreHands-on strategy turns Mike's Carwash into industry model
September 22, 2008
Sam StallMike's Express Carwash makes money the old-fashioned way. The second-generation family affair, now celebrating its 60th year, has invested its reserves in steady expansion, becoming a model for the $23.4 billion industry in the process. And its owners still sweat the small stuff.
Municipalities battle over township: Greenwood opposes Bargersville annexation plans
September 15, 2008
Chris O\'malleyBARGERSVILLE-This town of 2,500 has raised the ire of Greenwood leaders, daring to annex land close to the city's southern
border and its sprawl of shopping centers. It's been a long time in coming-since 1905 or thereabouts. That's when the Illinois
Central Railroad came through Bargersville, a burg created 55 years earlier in honor of local resident Jefferson Barger, and
the heart of the town moved a half mile northwest to straddle the new tracks. These days, trains still rumble...
MoreBEHIND THE NEWS: Cautious streak helps Duke weather tumultuous times
September 15, 2008
Greg AndrewsDuke Realty Corp. has stayed largely out of the headlines this year, which in an economy like this is a pretty good sign.
Another Indianapolis developer, Lauth Property Group, has shed more than half its 450-person work force, and Premier Properties
Inc.- perhaps the city's most daring developer-lurched into bankruptcy court. Meanwhile, Duke, which specializes in suburban
office and industrial development, keeps on chugging. To be sure, the company isn't immune to broader economic slowdown. In
April, it laid off...
MoreBEHIND THE NEWS: Limp economy could slow increase in attorneys' fees
September 8, 2008
Greg AndrewsAttorney pay at top-tier firms is like compensation for executives of public companies. Amid hand-wringing, the numbers keep
going up and up. The reasons are understandable. Law firm managers feel pressure to raise compensation to attract and retain
the best attorneys-and to keep up with what other firms are doling out. The people running those competing firms feel the
same pressures, accelerating the upward spiral. Hence, top attorneys in Indianapolis in the most complex practice areas now
have hourly rates...
MoreON THE RECORD:
September 8, 2008
O N T H E R E C O R D First Merchants Corp. of Muncie announced Sept. 3 that it has agreed to buy Lincoln Bancorp of Plainfield
for about $75 million. The acquisition expands First Merchants' presence in the Indianapolis area from the northern suburbs
into other fast-growing suburbs on the west and south sides. Announcement of the deal sparked a 37-percent runup in the value
of Lincoln shares. Elanco, the animal-health division of Eli Lilly and Co.,...
MoreLeading Edge ready to expand its territory: South-side real estate player eyes regional growth
August 18, 2008
Cory SchoutenThe signs for Leading Edge Commercial Real Estate Services are hard to miss on the south side. And soon, they could be popping
up all over central Indiana. The 3-year-old, Greenwood-based brokerage firm has grown from three employees to 14 and now is
looking at adding two new offices, including one on the north side. The firm has more than 120 listings, up from about 60
at the start, mostly for office leasing and sales of smaller commercial properties. The...
MoreSmall towns with a heart: Spurning sprawl, more towns upbeat on downtown
August 18, 2008
Chris O\'malleyFrom Andy Griffith's Mayberry, the small town evolved into the likes of Avon, Ind. The tree-shaded bungalow on Oak Street
within walking distance of the town center became the vinyl-clad, single-family home planted in a former cornfield with a
contrived name ending in "creek" or "woods" or "farms." Residents have to jump in the car if they want to buy a cup of coffee
or to patronize the predictable chain restaurants and bigbox retailers. The Best Buy on Avon's main...
MoreNordstrom new north-side store targets tonier shoppers
August 18, 2008
Gabrielle PoshadloCome Sept. 19, Nordstrom Inc.'s got a brand new bag--and, well, shoes, hat and ensemble to match--as the department store opens a second Indianapolis location, in the Fashion Mall at Keystone. Residing in Parisian's former quarters, the new store is poised to burnish the mall's reputation as the region's highest-end shopping destination.
Strip centers feeling sting of housing market slump: Developers cutting back on new retail projects
August 18, 2008
Scott OlsonThose ubiquitous retail strip centers are beginning to wither under a housing slump that has cast a dark cloud over much of
the U.S economy. Heavily dependent on new-home construction, strip-center developments have been hurt by tough residential
real estate conditions that have spread into the commercial arena and dampened retail activity. Nationally, the volume of
strip-center investment transactions is down 77 percent from a year ago, according to a June commercial report from the Chicago-based
National Association of Realtors....
MoreSmall towns with a heart: Spurning sprawl, more towns upbeat on downtown
August 18, 2008
Chris O\'malleyFrom Andy Griffith's Mayberry, the small town evolved into the likes of Avon, Ind. The tree-shaded bungalow on Oak Street
within walking distance of the town center became the vinyl-clad, single-family home planted in a former cornfield with a
contrived name ending in "creek" or "woods" or "farms." Residents have to jump in the car if they want to buy a cup of coffee
or to patronize the predictable chain restaurants and bigbox retailers. The Best Buy on Avon's main...
MoreStrip centers feeling sting of housing market slump: Developers cutting back on new retail projects
August 18, 2008
Scott OlsonThose ubiquitous retail strip centers are beginning to wither under a housing slump that has cast a dark cloud over much of
the U.S economy. Heavily dependent on new-home construction, strip-center developments have been hurt by tough residential
real estate conditions that have spread into the commercial arena and dampened retail activity. Nationally, the volume of
strip-center investment transactions is down 77 percent from a year ago, according to a June commercial report from the Chicago-based
National Association of Realtors....
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So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.
Owner occupied housing. Clear enough?
So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.
Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.
RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.