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.
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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.
Simon partner looks to buy out co-owners in expansion drive
Paris-based Klepierre SA, whose largest shareholder is Simon Property Group Inc., plans to spend as much as $686 million a year on expansion.
Stadium project a homecoming for Indianapolis-based designer
Dan McCloskey, who works for Indianapolis-based American Structurepoint, has been named senior project architect on the recently unveiled $11.5 million Kokomo Municipal Stadium in downtown Kokomo.
Aging suburbs facing long road back
Poverty is encroaching on the outer townships of Marion County, adding to their handicap in the competition with doughnut counties, where houses are newer, and sidewalks, sewer connections and bike paths come standard.
BMO Harris shaking up rules of game for car loans
BMO Harris Bank’s dealer compensation change—to a flat-fee based on a vehicle’s purchase price—brings to light how consumers have for years unknowingly footed a payment to dealers through higher interest rates on their car loans.
Strapped schools are wheeling and dealing with municipalities
State-mandated tax caps are putting additional pressure on public budgets—and spurring local governments to take unusual steps to help their cash-strapped schools.
1960s-era city zoning code gets overhaul
City planners hope a proposed overhaul of the Indianapolis zoning code that’s just a few weeks from its public unveiling will make the city greener and more bike- and pedestrian-friendly while easing the path to high-density, mixed-use development.
Grab-and-go meals on menu for Patachou owner
Local restaurateur and entrepreneur Martha Hoover wants to open kiosks offering healthy meals on the go in public places, including along the Monon Trail.