Real Estate & Retail

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Two downtown office towers changing hands

September 6, 2014
The 36-story Regions Tower is selling in a negotiated transaction, and the 30-story Market Tower is getting a new owner via a loan default. They are among downtown’s largest office complexes.More.

Wal-Mart targeted by lawsuit for local PCB discoveryRestricted Content

September 18, 2014
The complaint stems from the discovery of the carcinogen at a Wal-Mart return center on the east side of Indianapolis. The suit seeks class-action status on behalf of its 600 workers.More.

Examiner appointed in HDG Mansur bankruptcy case

September 18, 2014
An examiner will be appointed to conduct an investigation into the bankruptcies of two affiliates of troubled Indianapolis-based developer HDG Mansur. A judge, for the time being, denied a request to appoint a Chapter 11 trustee or convert the case to a liquidation in Chapter 7.More.

Kohl's plans surge in holiday hiring nationally, locally

September 17, 2014
About 2,000 of those hirings will take place in Indiana, including about 900 in the Indianapolis area. Kohl's has 39 stores in Indiana, and 18 in the metro area.<More.

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Other Real Estate & Retail Coverage

Kohl's plans surge in holiday hiring nationally, locally

About 2,000 of those hirings will take place in Indiana, including about 900 in the Indianapolis area. Kohl's has 39 stores in Indiana, and 18 in the metro area.<More.

Purdue set to dedicate new engineering hall

Purdue University on Friday plans to dedicate a new $39 million engineering building the school hopes can help meet the nation's growing demand for engineers.More.

Area homebuilding permits hit August decline

Permit filings for home construction in central Indiana fell 4 percent in August, the second straight month of declining activity in the homebuilding market.More.

Simon spinoff plans $4.3B merger with Ohio mall firm

Washington Prime Group Inc. has agreed to buy Glimcher Realty Trust of Columbus, Ohio, in a deal valued at about $4.3 billion when including assumed debt. As part of the transaction, Simon Property Group will acquire two malls for $1.09 billion in cash.More.

Hardware association investing $4M to move downtown

The Indianapolis-based North American Retail Hardware Association bought a building on North Delaware Street downtown and will move its headquarters there following an extensive renovation.More.

More Real Estate & Retail Coverage

In Depth Report

Special Report: City's building spree leaves trail of spoilsRestricted Content

Mayor Greg Ballard takes pride in Rebuild Indy, the city’s nearly $400 million program that doubled the volume of public works projects—and became engineering and construction firms' largest business opportunity with the city in more than a decade.More.

City bans bulk land-bank sales after lopsided deal with not-for-profit

Indianapolis last year sold 154 properties from its land bank for $1,000 each to a novice not-for-profit, which immediately flipped them for a total $500,000 profit. More than a dozen have changed hands multiple times since then, making investors more than $1 million. (with interactive map)More.

SPECIAL REPORT: Stock-based pay builds wealth for Indiana execsRestricted Content

IBJ's annual review of proxy statements for Indiana public companies found senior executives' median compensation rose 14 percent in 2011. But that analysis uses the fair market value of stock and options awards on the date they were granted. If a company's stock price surges, executives can make out far better. (with searchable database)More.

Warnings about broker's tactics went unheeded

Several state employees openly questioned how John Bales' real estate brokerage did business long before the FBI launched an investigation that led to his indictment.More.

In Depth Reports

 
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