Advancement of right-to-work legislation during this year’s legislative session caused Indiana House Democrats to flee to Urbana, Ill., where they remained for 36 days in what became the longest walkout in Indiana history.
Nordstrom, which opened with the mall in 1995, left a gaping 210,000-square-foot hole in Circle Centre mall. It is a particularly tough space to fill since department stores have seen their market share decline more than half in 20 years and need less space.
The administration of Mayor Greg Ballard found its stride in the final year of its first four-year term, at least when it comes to major publicly supported real estate projects.
Simon Property Group Inc. signed an employment agreement with CEO David Simon that will keep him as head of the Indianapolis-based company the next eight years.
A contentious battle for Indianapolis mayor culminated in a second term for Republican Mayor Greg Ballard, who won the race with 51 percent of the vote. His Democratic challenger, Melina Kennedy, garnered 47 percent.
-Laco Properties LP bought 112 units of multi-family housing in buildings at 3360 N. Meridian St., 3537-43 N. Pennsylvania St. and 842 N. Capitol Ave. The price wasn’t disclosed. The buyer was represented by Gary Merritt of Whitsett Group. The seller, Laco Towne Club Apartments I, was represented by Scott Pollom of Cassidy Turley.
-Lynhurst Investments LLC bought a 2,289-square-foot retail property at 5224 W. Southern Ave. The price wasn’t disclosed. The buyer was represented by Jeff Daniel of Commercial Concepts Realty LLC. The seller, GE Capital, was represented by Allison Tiefel of Cassidy Turley.
Starting with a $1 million grant to Marian University’s EcoLab, the Nina Mason Pulliam Charitable Trust plans to start giving a greater share of its money to environmental groups.
A bidding method being used more often by the state is likely to reduce misery for motorists and merchants in the path of a highway project. Project completion time is now a major consideration in reviewing road-work bids that were traditionally evaluated almost entirely on cost.
The first phase of the $22.5 million project, dubbed The Point on Fall Creek, would involve the construction of 58 apartments. Another 80 units would follow, complemented by a retail component.
Doug Keenan, a 49-year-old electrical engineer and entrepreneur, is tackling something so cutting-edge that most of humanity doesn’t know it exists: 3D printing, or rapid prototyping.
The NFL is spending hundreds of thousands of dollars to build a posh 15,000-square-foot hospitality area inside Union Station’s Grand Hall for this year’s Super Bowl. The facility will be a perk for the league’s best corporate partners, former players and coaches, and other high-rollers.
Minnesota-based Life Time Fitness is buying the two sites that will remain open. One is in Fishers and the other is near 96th and Meridian streets in Indianapolis.
Florida-based Lifestyle Family Fitness plans to close two of its facilities in Indianapolis—at 82nd Street near Dean Road and along Shelby Street just south of Stop 10 Road—by the end of November.
