Ironworks project gets key city approval
The city's Metropolitan Development Commission approved a Wisconsin developer's plan for a $30 million apartment and retail project to be built on the site of the former Woodfield Centre retail strip.
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Ambrose snags large industrial deal
Ambrose Property Group will break ground next month on its first industrial project, a 545,010-square-foot national distribution center for Gordmans Inc.
LEADING QUESTIONS: Mainstreet CEO masters efficiency
What are Zeke Turner's top five strategies for keeping his work week under 40 hours? Do you really need work e-mail on your smart phone? What's it like to take a company public? The real estate exec has answers.
Three years after opening, Indiana Design Center fills
Tenants include interior designers, artists, kitchen cabinet firms.
REI, Chicago partner picked to build office building at IUPUI
The five-story, $22.9 million building would be constructed on university-owned land at the northeast corner of New York Street and University Boulevard.
Drywall contractor charged with underpaying employees
An Indianapolis drywall contractor faces criminal charges that he underpaid his employees working on a government housing project, and then falsified documents to cover it up, the Marion County Prosecutor’s Office announced Friday.
Bankruptcy stops condos’ auction
An Indianapolis developer’s last-minute bankruptcy filing halted the auction of a struggling downtown condominium project.
Downtown projects face crucial hurdles
Two downtown apartment projects seek critical government approvals in the next month, while another commercial project is on track to start this year.
CIB cuts price on Ober Building after inspections
The Capital Improvement Board of Marion County has agreed to slash its sale price on downtown's Ober Building by $700,000 after inspections showed problems including a leaky roof and damaged HVAC system.
Kite sells 3 area buildings in dealmaking blitz
The Indianapolis-based real estate company disclosed the transactions in its fourth-quarter financial report. Kite said it lost $6.5 million in the quarter on nearly $27 million in revenue.
Wal-Mart revisits plan for Greenwood store
A retail giant that lost its bid to build a store in Greenwood nearly a decade ago is hoping local leaders look more favorably on a new proposal to erect a smaller store at the same site.
Bales trial in jury’s hands after colorful closings
During three hours of closing arguments Wednesday in the federal fraud trial of real estate broker John M. Bales and William E. Spencer, a federal prosecutor and two top-tier Indianapolis defense attorneys delivered a series of memorable one-liners and rhetorical flourishes designed to stick with jurors.
UPDATE: Defense takes turn in Marsh civil trial
Don Marsh finally got off the hot seat Wednesday afternoon after his former company wrapped up nearly two days of questioning, but he didn't stay off the witness stand for long.
Long-struggling condo development going to auction
The mostly two-bedroom units represent the bulk of the ill-fated Chatham Kynett Court project at 716 N. East St. in the Chatham Arch neighborhood.
Simon ups dividend after beating analysts’ expectations
The Indianapolis-based shopping mall owner reported funds from operations, a key measure of a real estate company's performance, of $2.29 a share, topping the average estimate from analysts of $2.17 a share.
Defense attorneys turn tough in Bales trial
The legal team representing real estate broker John M. Bales and partner William E. Spencer haven't called their first witness and already they're putting up a spirited fight as federal prosecutors seek to prove 13 charges including bank, mail and wire fraud.
Duke Realty earnings, revenue see quarterly decrease
Indianapolis-based Duke Realty Corp. on Wednesday reported a fourth-quarter loss of $22.5 million, a sharp decline from the $60.2 million it made in the same quarter of 2011.
Former Venture employee turns on Bales during testimony
An FBI investigation into Venture Real Estate Services and principals John Bales and Bill Spencer had already begun when Matthew Dyer signed on as the company's controller in December 2009. Bales told him the company had done nothing illegal, Dyer testified Wednesday.
Defense attorneys in Bales case trash former co-defendant
Attorney and developer Paul J. Page is no longer a co-defendant in the fraud trial of real estate broker John M. Bales and partner Bill Spencer. But you wouldn’t know it from the action Tuesday in U.S. District Court. Only now, rather than federal prosecutors, it’s defense attorneys for Bales and Spencer who are targeting Page.
City-County Council approves north-side TIF district
A new redevelopment area will be created on the north side, as the Indianapolis City-County Council voted 23-5 Monday night in favor of the North Midtown tax-increment finance district.