Finish Line reports rising quarterly, annual earnings
A jump in same-store sales and improvements to the sports-apparel retailer’s website helped the company report a better-than-expected profit in its fiscal fourth quarter.
Real Estate
Articles
Banks see resurgence of home equity loans
Although mortgage-refinancing applications are down, the product reviled and thought extinct after the 2008 housing crash that decimated property values may save the day for lenders: the home equity loan/line of credit.
Contractor spending $1.6M to move north of downtown
Construction manager and contractor Messer Construction Co. has purchased two adjoining vacant buildings on North Meridian Street south of Fall Creek Parkway and plans to move there from Shadeland Avenue.
Buckingham rethinking plans for prime Zionsville site
Buckingham Cos. says it is still weighing options for a key property it controls in downtown Zionsville, but two nearby landowners are trying to sell their parcels after talks with the developer broke down.
CEO of Simon spinoff to run company from D.C. perch
Simon Property’s decision to name the new business Washington Prime had fueled speculation the company would end up based in the D.C. area. However, that apparently is not the case.
Bloomington council backs Habitat neighborhood
The Bloomington City Council is giving permission to a Habitat for Humanity group to develop a neighborhood with 35 homes.
Angie’s List to take big chunk of Landmark Center
The move into nearly 100,000 square feet of office space is intended to consolidate Angie’s off-campus workers downtown. It’s a boon to struggling Landmark Center, which has been hemorrhaging tenants.
$3.6M apartment project proposed for near-north side
Axia Urban and Near North Development Corp. are co-developing the project on North Meridian Street, which will feature a mix of affordable and market-rate units.
1960 modern house was built for the age(s)
Restoration evokes marveling over its trappings and construction to withstand the Atomic Age.
‘Architecturally significant’ Cummins HQ likely won’t scrape downtown skyline
The engine maker’s planned global distribution headquarters downtown will seem modest compared to a 28-story apartment complex slated for across Market Street, but the firm has a strong history of promoting breath-taking architecture.
Cummins to build downtown office building for 400 workers
The $30 million project, which will include ground-floor retail and a parking garage, will occupy the two remaining parcels of the former Market Square Arena site.
Simon says court should dismiss CEO pay case
Simon Property Group told a Delaware judge on Tuesday that an investor lawsuit over David Simon’s huge pay package should be thrown out now that the company has rewritten the compensation plan.
Noble Roman’s awarded $1.5M in battle with franchisees
The Indianapolis-based pizza chain is still waiting to collect after being locked in a years-long legal dispute over franchise agreements and royalties.
Expensive homes selling quickly in Indianapolis area
Pricier houses are vanishing from the market faster than less-expensive homes due to a temporary bottleneck caused by rising demand and a slow recovery by builders.
Columbus looks to sell factory of failed solar-panel maker
Columbus officials will start accepting bids next month for the vacant Nusun Inc. facility in a city industrial park.
City puts land north of downtown back up for bid
The Department of Metropolitan Development issues a request for proposals due by April 16 to develop a parcel near 16th and Dr. Martin Luther King Jr. streets. An attempt last year by Opus Development Corp. to build a project there anchored by a Meijer store failed.
Apartment owner jumps into office biz with south-side rehab
Ardizzone Enterprises Inc. in Beech Grove is preparing to open a two-building, 63-suite office complex on U.S. 31 south of Interstate 465. The company has invested $4.2 million in the project.
Simon plucks in-house execs for spinoff firm
Simon Property Group Inc. is reaching into its own stable of executives to stock the C-suite of its publicly traded spinoff for retail strip centers and smaller enclosed malls.
Broadbent in mortgage dispute involving retail center
The owner of Castleton Place, a shopping center in one of the city’s busiest retail areas, is the target of a $5 million foreclosure lawsuit by a lender that seeks to have the property placed in receivership.
Bold developer stirs up nursing-home business
Zeke Turner, the 36-year-old CEO of Mainstreet Property Group LLC—who frequently sports a boyish grin and a bold-colored dress shirt, but rarely dons a tie—said he’s “just getting started” in transforming the staid nursing home industry.