Downtown buildings land arts tenants
Vonnegut Memorial Library Inc. will move into 1,100 square feet at 340 N. Senate Ave. The Arts Council of Indianapolis will
occupy 5,400 square feet at 922 N. Pennsylvania St.
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Articles
Former Summit House apartment tower sold
The landmark apartment building at 38th and Meridian streets formerly known as Summit House has been purchased by a pair of Chicago investors who plan to invest “a significant amount of capital” into the 20-story tower.
Indianapolis Housing Agency pulls off big tax credit deal
City agency plans renovations, expansions at eight apartment properties.
Huge tax-credit deal will fund rehab of 538 apartment units
The largest tax credit deal in state history will fund the rehabilitation of 538 apartments in four complexes owned
by the Indianapolis Housing Agency.Indians sales staff faced down big-time pressure
With 75 percent of its sponsorship deals expiring at the end of last season, there were lots of reasons for the Indianapolis Indians to panic. Instead, the team invested big bucks in Victory Field and had faith its sales staff would come through in the clutch.
Restoration planned for landmark Old Centrum property
The Historic Landmarks Foundation of Indiana plans to acquire the Romanesque Revival former church and is considering moving
its headquarters there.Construction
Meyer Najem Construction recently completed a 5,000-square-foot renovation and 800-square-foot addition for new dental and family practice offices for the Madison County Community Health Center, 1508 Main St., Elwood.
Banks suing Broadbent, pushing one strip center into bankruptcy
Locally based Broadbent Co.’s legal battles with lenders have escalated, pushing one of its 34 strip malls into bankruptcy
and prompting Huntington National Bank and PNC Bank to sue to collect principal owed on loans tied to four more.Law firm adds Old Northside mansion to its campus
The law firm Plews Shadley Racher & Braun LLP has spent more than $1 million to add the 1871 Eden-Talbott house to its
campus in the Old Northside Historic District.Law firm adds historic home to campus
Plews Shadley Racher & Braun has finished a careful restoration of the Eden-Talbott House, continuing a strategy of shunning
glass and steel.COPPER: Misunderstandings put Indiana school funding in a bind
State government overreacted in its attempts to reign in construction costs, and should seek middle ground
Salvation Army draws scrutiny for supplying homes to officers
In Indiana, the Salvation Army owns 34 residences, including 10 in Indianapolis with a combined value of $1.6 million.
Trustee chooses $20.5 million Buckingham plan for old YMCA
The Center Township Advisory Board has picked Buckingham Cos. to redevelop a 2-acre property it owns
at 860 W. 10th St. near the IUPUI campus.Local losses lead other ’09 news of note
A look back at some of the top business news stories from 2009.
CIB financial situation improving
The past year has been mighty unkind to the Capital Improvement Board, the entity charged with operating the city’s
professional sports venues and Indiana Convention Center.Opera directors create $40,000 challenge grant
Indianapolis Opera board Chairman Garry Fredericksen says in a recent appeal for donations that the company is in a “battle
for survival.”IUPUI seeking funds from CIB to renovate Natatorium
IUPUI says it needs about $15 million to renovate the aging Natatorium swimming complex and wants the city’s Capital Improvement Board to fund part of the expense.
Indianapolis Colts, the team L.A. didn’t want
In some strange way, Indianapolis may have Raiders owner Al Davis to thank for having the winningest team this decade.
Some people still ask why L.A. didn’t lasso the Colts when it had the chance.Indiana Historical Society lands $2M for new exhibits
Dubbed the “Indiana Experience,” the exhibits represent the first ticketed tourist attraction at the society’s headquarters building.
Revived Marsh Supermarkets goes up for sale
Florida-based Sun Capital has completed the turnaround of Marsh Supermarkets and now is seeking a buyer
for the home-grown chain. CEO Frank Lazaran told IBJ Sun will sell Marsh “when the market is right, financing
is right, and
someone is willing to pay a fair multiple.”