Pedcor angling for $16M subsidy for City Center expansion
Preliminary plans call for starting work on a parking garage and as many as three mixed-use buildings this fall, with another half-dozen projects in the pipeline.
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Articles
Shares of Simon spinoff dip in early trading
Simon Property Group has revised its earnings forecast with the Thursday launch of spinoff firm Washington Prime Group.
Library begins plans to pull branch out of Glendale mall
The library’s lease at Glendale Mall doesn’t expire until 2022, but officials are beginning to explore building a branch elsewhere in the area to give it more exposure and accessibility.
Washington Prime shares set stage for NYSE debut
Shares of the fledgling, Indy-based firm hovered just under $21 in advance trading on Wednesday morning, providing a window to its official open Thursday on the New York Stock Exchange.
Late Harvest chef opens barbecue joint in Nora
North End Barbecue & Moonshine, Ryan Nelson’s latest entry on the local culinary scene, offers traditional American barbecue from different regions of the country.
Shares of Simon Property spinoff to begin trading
Washington Prime Group Inc., listed under the “WPG” ticker symbol, will begin trading Thursday. The new real estate investment trust will own 98 retail properties, including 13 in Indiana.
Indiana cities getting money to fight urban blight
Indianapolis, Lawrence, Gary and two other Indiana cities have received a total of about $15 million to help eliminate blighted and abandoned homes.
Cornerstone sinks $4M into Carmel medical office building
The Indianapolis-based developer bought the building on Old Meridian Street early this year from The Spine Institute—its only tenant at the time—and now has the facility fully leased.
HDG Mansur affiliates file Chapter 11 to halt $5.8M judgment
The judgment in a New York court stems from allegations by a Sharia fund that the affiliates stole funds. HDG argued that it charged the additional fees to rectify a billing error.
Judge dismisses wrongful death suit against Kroger
The mother of an Indianapolis man shot at a Kroger by a store manager in what police said was an attempted robbery filed the suit in 2012.
Retailers see stagnating sales of consumer electronics
Already squeezed by tough competition from online retailers like Amazon.com and discount stores like Wal-Mart and Target, retailers like Best Buy and Sears have been cutting costs and revamping merchandise and store formats to attract customers.
Alexander hotel achieves LEED status
The Alexander Hotel at CityWay in downtown Indianapolis has achieved LEED certification from the U.S. Green Building Council.
Ownership switch eyed for Anderson’s Wigwam gym
Officials are working on the details of transferring ownership of Anderson's iconic Wigwam gymnasium to the city as part of the effort to save it.
State scrutiny of Village Pantry safety issues set to end
The convenience store chain has been taking corrective action to better protect employees after the shootings of Indianapolis clerks in 2009 and 2011.
Rezone should aid commercial developers, ease parking pinch
The proposed changes would signify the first overhaul of city zoning rules since 1969 and would rid the code of requirements more apt to be found in suburban locations.
Former real estate broker faces felony charges
The Marion County prosecutor’s office said David Garden was charged with corrupt business influence, 11 counts of forgery and 15 counts of theft.
HDG Mansur affiliate losing ownership of Market Tower
A Marion Superior Court judge on Tuesday entered a judgment to foreclose on the downtown building after MT Acquisitions LLC failed to pay its nearly $60 million mortgage balance.
Roundup: 3 Sisters moving in Broad Ripple, Pizzology opens on Mass Ave
On top of that, upstart specialty grocer Fresh Thyme sets opening for its first Indiana store, while 100-year-old Brenner Luggage prepares to close one of its northeast-side locations.
HHGregg reports quarterly loss, lower revenue
As expected, the company Tuesday morning reported disappointing fourth-quarter sales that led to a $7.2 million loss for the Indianapolis-based appliance, electronics and furniture retailer.
Developer seeks abatement on $24M UIndy project
The University of Indianapolis has selected local developer Strategic Capital Partners LLC to build its health sciences center. To help offset its investment costs, Strategy Capital has requested a tax abatement valued at $2.5 million.