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Developer pegs Plainfield for spec office building: Local real estate brokers question potential demand

August 18, 2008

Now a developer is banking on a new roadway and airport terminal to attract office tenants, although some brokers familiar with the area aren’t sold on the idea. The local office of Chicago-based Verus Partners LLC finished purchasing 200 acres along the east side of the Reagan Parkway and plans to build a 60,000-square-foot, two-story speculative office building. Verus’ mixed-use office and industrial park is called GreenParke at Airwest and could be ready for occupancy by next summer. Infrastructure work…

Big portfolio of local apartments changes hands

August 12, 2008

A local construction company specializing in apartment renovations is paying $80 million to acquire a huge local portfolio from the nation’s largest owner of apartment communities. Ardizzone Enterprises Inc. has agreed to buy 1,885 units from Denver-based Apartment Investment & Management Co., or AIMCO. The sale includes Bent Tree near 86th Street and Michigan Road, […]

Repairs slated for crumbling 39th Street bridge: Federal funding could draw criticism from watchdogs

August 11, 2008

Each year, the 30,000 people who ride the Fishers fair train disembark at a depot east of Fall Creek and shuffle 228 feet across the historic 39th Street bridge, which leads to Gate 6 of the Indiana State Fairgrounds. Few likely give much thought to the crumbling condition of the bridge, other than noticing that a large block of stone railing has broken off at the west end. But, below, stones also have fallen off the sides of an arch…

Strip-mall developer scales back as housing slump hurts small retail centers

August 4, 2008

A local developer known for its strip centers has stopped building new projects, scaled back its staff, and is trying to
unload several of its properties in an apparent bid to survive. Williams Realty Group earlier this year
shuttered its custom-home-building operation, DayMarc Homes, and now observers are wondering if owners Dave
Crockett and Marc Freije can keep the rest of Williams afloat.

State Fair brings in bounty of corporate sponsorships

August 4, 2008

An economic dry spell may have corporate America praying for rain, but tough times have led to a bountiful year at the
Indiana State Fair. Two weeks before the fair’s Aug. 6 start date, corporate sponsorships were running 22 percent ahead of
2007, surpassing $1.5 million for the first time.

City to BW3: Not so fast

July 30, 2008

City planners are seeing red over the bright yellow facade at a new Buffalo Wild Wings under construction along Washington Street downtown. Turns…

Government officials dangle incentives, attracting firms across county lines

July 28, 2008

Marion County economic development officials are proud of their latest headquarters attraction. Bowen Engineering Corp.
will inject 103 high-paying jobs into the Indianapolis economy immediately. And over time, the company expects
to add another 138. Their average salaries will top $70,000. The deal didn’t require Mayor Greg Ballard
to travel to Japan, or even to another state. Bowen Engineering is moving all of 8.4 miles, from its former
home in Fishers to the 8800 block of North Meridian Street.

I-465 widening may require buyout of several buildings

July 28, 2008

Several landmark commercial properties fronting Interstate 465 on the northeast side could be in the path of bulldozers
when the state begins adding lanes as early as 2012. Memos prepared by a consulting firm to the Indiana
Department of Transportation go as far as estimating acquisition prices for buildings, including that of
country station WFMS-FM 95.5 and other Cumulus Media stations at 6810 N. Shadeland Ave.

BW3, Madame Walker & Adobo

July 25, 2008

Wow, what a busy day. First off: No luck so far snagging a rendering of the new Buffalo Wild Wings under construction along Washington Street…

Carmel’s play for the arts

July 21, 2008

Carmel’s play for the arts Some fear it will come at Indianapolis’ expense The $80 million-plus Carmel Performing Arts Center, a neo-classical-styled concert hall designed to be an acoustical masterpiece, is still two years from opening. But it’s already the source of some dissonance in the Indianapolis arts community to the tune of Mozart’s String […]

Carmel’s play for the arts: Some fear it will come at Indianapolis’ expense

July 21, 2008

The $80 million-plus Carmel Performing Arts Center, a neo-classical-styled concert hall designed to be an acoustical masterpiece, is still two years from opening. But it’s already the source of some dissonance in the Indianapolis arts community to the tune of Mozart’s String Quartet No. 19, in C major. On one hand, Indianapolis-area performing arts groups would sacrifice to theater god Dionysus for a chance to perform at the 1,600-seat music hall or at its adjacent 500-seat theater. But others fret…

Port-a-potty cleaning not such a foul job after all

July 14, 2008

Danny Hutson jumps down from the cab of his truck, grabs a giant yellow and black hose, and gets ready to deal with a familiar
smell: human waste and disinfectant. It’s all part of the job for Hutson, who cleans as many as 45 portable toilets a day
for Aardvark Tidy Toilets, a division of Indianapolis-based Gridlock Traffic Systems Inc.

High fuel prices take toll on resale values for trucks, SUVs

July 7, 2008

As motorists rush to buy antacid pills with each $4.25-a-gallon fill-up, the same car dealers who got pudgy five years ago selling SUVs with $6,000 profit margins are scrambling to profit from Aveos or anything else with decent mileage.

EYE ON THE PIE: It’s not just the economy, stupid

June 30, 2008

No doubt, the Daniels administration will trumpet the fact that Indiana was the ninth-fastestgrowing state in the first quarter of this year. That’s right; personal income in the Hoosier state grew at an annual rate of 5.1 percent, while the nation advanced 4.6 percent. But, as noted by the U.S. Bureau of Economic Analysis, which generates these data, Indiana was among the fastergrowing states because of dramatic increases in the prices of corn and soybeans. North Dakota came in first,…

Tipton County transmission plant begins hiring

June 9, 2008

Hiring has begun at the Getrag Corp. transmission plant north of Indianapolis, nearly a year after the German manufacturer announced plans to build the $530 million plant in Tipton County, reports the Kokomo Tribune. So far, 19 salaried workers have been hired; two more are slated to come aboard by July 1. The plant is […]

IMA Art & Nature Park outdoor exhibits will change regularly

June 9, 2008

Already draped in an ever-changing natural backdrop, the site for the Indianapolis Museum of Art’s Art & Nature Park will
come to life in 2009 through eight pieces of art commissioned for the setting. But unlike traditional sculpture parks that
feature permanent artwork, the IMA’s $25 million outdoor gallery will change regularly.

IU, Bloomington disagree over best sites for biz development

June 2, 2008

Indiana University and the city of Bloomington are at odds over how best to commercialize the university’s discoveries–or,
more specifically, where to commercialize them.

Not all feel need for ‘Speed Zone’: Speedway’s $500M redevelopment plan is catching criticism from town’s residents

May 26, 2008

Speedway may have been built on motorsports, but some residents think a $500 million redevelopment plan that would transform the small town into a year-round racing-themed destination goes too far. The plan, which involves 350 acres south of Indianapolis Motor Speedway, has become the issue in town at a time when a certain race usually dominates conversations. At the cozy Charlie Brown’s Pancake and Steak House on Main Street, patrons mull over the project in-between forkfuls of the diner’s signature…

Castalia planning green neighborhood: Carmel-based custom homebuilder lining up financing for Mooresville community with 144 eco-friendly homes

May 26, 2008

In terms of eco-friendliness, few homes in central Indiana boast much more than a high-efficiency furnace or low-flush toilet. But a Carmel-based custom-home builder is so certain the region is ready to embrace the green movement that he is willing to risk investing in a residential community designed to achieve national environmental recognition. Frank Redavide, president of Castalia Homes LLC, is finalizing financing for the project and plans to start construction within 60 days. The 144-lot development, called Villages of…

Builders relying on medical projects: Amid general slowdown, health care sector busy

May 26, 2008

There’s no shortage of research pointing to the growth in the health care industry. For example, health care expenditures will account for nearly a quarter of the gross domestic product by 2020. Consumers are increasing the number of times they visit the doctor, and the increase is even greater for baby boomers. The number of medical procedures being performed on an outpatient basis rises yearly. And jobs in the industry will grow 20 percent by 2016. To meet those demands,…

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Articles

Developer pegs Plainfield for spec office building: Local real estate brokers question potential demand

Big portfolio of local apartments changes hands

Repairs slated for crumbling 39th Street bridge: Federal funding could draw criticism from watchdogs

Strip-mall developer scales back as housing slump hurts small retail centers

State Fair brings in bounty of corporate sponsorships

City to BW3: Not so fast

Government officials dangle incentives, attracting firms across county lines

I-465 widening may require buyout of several buildings

BW3, Madame Walker & Adobo

Carmel’s play for the arts

Carmel’s play for the arts: Some fear it will come at Indianapolis’ expense

Port-a-potty cleaning not such a foul job after all

High fuel prices take toll on resale values for trucks, SUVs

EYE ON THE PIE: It’s not just the economy, stupid

Tipton County transmission plant begins hiring

IMA Art & Nature Park outdoor exhibits will change regularly

IU, Bloomington disagree over best sites for biz development

Not all feel need for ‘Speed Zone’: Speedway’s $500M redevelopment plan is catching criticism from town’s residents

Castalia planning green neighborhood: Carmel-based custom homebuilder lining up financing for Mooresville community with 144 eco-friendly homes

Builders relying on medical projects: Amid general slowdown, health care sector busy