Top real estate stories of 2009
A major downturn in commercial real estate was inevitable, but the depths have surprised even seasoned industry veterans.
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LOU’S VIEWS: A new attraction wants to drum up business
Thoughts on Rhythm! Discovery Center and Bands of America.
Grill maker to locate HQ in Indiana, hire 300
Waterloo, Ontario-based Onward Manufacturing Co. Ltd. announced Wednesday afternoon that it would locate its first U.S. grill
production center in northeast Indiana, creating more than 300 jobs in Huntington by 2011.Adjacent Central Canal parcels go on the market
The owners of two industrial properties that span an entire city block along the Central Canal downtown have put their
properties up for sale with an eye toward redevelopment.Clean air strategy: Some nightspots opt to tighten smoking rules
Coaches Tavern, MacNiven’s Restaurant and Bar, and The Jazz Kitchen are among Indianapolis bars that recently limited or banned
smoking. Those establishments join a short list of bars that already buck the trend in Indianapolis. Smoking in public places,
including restaurants, has been banned in Marion County since 2006, but it’s still OK to puff away in places that don’t admit
minors.Magazine touts Woodruff Place
The magazine This Old House has named Indy’s Woodruff Place as one of the country’s 51 best places to buy an old home. The neighborhood…
Commercial tenants requesting discounts-WEB ONLY
It’s not just residential home sellers facing increasingly brazen buyers these days. As the economy recedes, commercial brokers say a growing number of office, industrial and retail tenants are requesting steep rent reductions to cope with losses. “They’re in trouble and you feel for them,” said Danny Marr, a partner and principle broker with Veritas […]
Donation of Columbus architectural marvel hinges on IMA’s ability to fund endowment
Columbus philanthropist J. Irwin Miller’s family is poised to donate his majestic home to the Indianapolis Museum of Art,
provided it can raise millions of dollars to maintain the sprawling Bartholomew County property. IMA board members have given
CEO Maxwell Anderson the go-ahead to seek funding for an endowment to care for the home.Sports Corp. made city a sports giant, but real estate plans fell short
Construction of Pan Am Plaza in the mid-1980s was a major step in the evolution of Indianapolis into a sports town worthy
of hosting a Super Bowl. But the office building, parking garage, skating rinks and public gathering place came up short over
the years in other ways for both taxpayers and developer, the Indiana Sports Corp.A&E: A&E road trip: A batch of Broadway
Heading to New York on business or pleasure? Here are four new shows from the current theater season-three on Broadway and one off-Broadway-worth catching. While “South Pacific” may seem like a staple show out here in the Heartland, the new production at Lincoln Center is its first B r o a d wa y a p p e a r a n c e since it debuted in 1949. And a glorious production it is, offering breathtaking set design, lighting…
NY Times job helps ACS Sign gain attention
ACS Sign System’s unusual approach to sign-making–some are not strictly signs at all–has helped the company grow its revenue
and expand its footprint beyond Indiana. In recent years, sales outside its home state have grown from 20 percent of total
revenue to almost half.Dog walker throws leash around new career
Amanda Briggs weaves in and out of the bustling lunch crowd in downtown Indianapolis, keeping a close eye on her canine clients
Griffen and Isabella. Briggs, 25, continues her walk through the busy streets, heading to the American Legion Mall and some
much-needed grass. Such is the life of a professional dog walker and pet sitter.Skillman goes Classic: Greenwood car dealership flies under local radar while gaining attention of auto collectors nationwide
Tucked away behind hundreds of shiny new cars on the west side of U.S. 31 just south of Greenwood Park Mall is a showroom that includes some of the rarest-and highest-priced-cars in the country. The double doors to a building that looks like every other at Ray Skillman’s car dealership complex open to rows of pristine pieces of history. As eclectic as the man who opened the dealership 18 months ago, the collection of cars includes Packards alongside Pontiacs and…
East end of Mass Ave poised for rebirth
Bustling foot traffic at lunchtime and at night helps sustain many of the restaurants, shops and galleries in the vibrant
Mass Ave downtown neighborhood. But few of the Massachusetts Avenue shoppers and diners on foot venture east of the psychological
barrier that is College Avenue.Carmel to get $30M Renaissance hotel
A prestigious, full-service hotel soon will complement Carmel’s booming office market along North Meridian Street. A Cincinnati
developer broke ground this month on a roughly $30 million Renaissance hotel with 263 rooms and 14,000 square feet of meeting
space.Canal site picked for $33M project
A local developer plans to build a $33 million, four-story apartment and retail complex on the Central Canal just north of
Michigan Street. Flaherty & Collins Properties has the three-acre parcel under contract from American United Life Insurance
Co.At age 25, Wild Birds exceeds 300 stores in 43 states, Canada
When Jim Carpenter opened the first Wild Birds Unlimited in Indianapolis 25 years ago, his goal was to bring people and nature together–a combination that has brought him "unimaginable" success.
Wellness provider expands: Summex Health planning bigger HQ on NW side
A leading provider of wellness programs for large companies will triple its office space in June to meet demand from employers eager to save on soaring health care costs. Indianapolis-based Summex Health Management Inc. and its 55 employees will vacate 10,000 square feet of office space in The Morley Group building on the northwest side and take up residence in roomier digs in nearby Woodland Corporate Park. The Duke Realty Corp. property provides Summex nearly 30,000 square feet, or the…