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.
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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.
Fresh idea: Specialty grocers finally eyeing south side
The south side is beginning to receive at least some attention from grocery players, including specialty ones that are much more prevalent to the north.
Revitalization taking root along East Washington Street
A collaboration of not-for-profit community development corporations, or CDCs, has released a plan targeting four sections of the street, from Interstate 65 to Sherman Drive, that could be transformed in the next five to seven years.
As lease expiration nears, Indians continue years of investment in Victory Field
For almost 18 years, the Indianapolis Indians have poured tens of millions of dollars into Victory Field while the city has spent hardly a dime.
Cabela’s chooses Noblesville for first central Indiana store
The announcement from the Nebraska-based outdoor retailer comes five years after it abandoned plans to build a store near Interstate 65 and County Line Road in Greenwood.
Controversial Broad Ripple office project gets go-ahead
Metropolitan Development Commission members this time voted to approve the project on North College Avenue after a bizarre procedural twist last time prompted a re-vote.
Team vying to redevelop GM plant site releases its plans
Now that Mayor Greg Ballard is lobbying to build a criminal justice complex on part of the property—a use not included in any of five initial proposals—one hopeful development team believes it’s time for the public to see what it envisions for the site.
City pitches case for jail on former GM plant site
Indianapolis Director of Enterprise Development David Rosenberg met with west-side residents Tuesday evening to explain the city’s preference for putting a new criminal-justice complex on the former GM stamping plant property.
Home construction ticks up amid harsh weather
The central Indiana home-construction industry saw a small rise in business in February, the Builders Association of Greater Indianapolis reported Tuesday.
City to consider $7.7M bond issue to assist Broad Ripple project
Browning Investments Inc. says that it is seeking $5.7 million from the bond issue to help finance Canal Pointe, its controversial $30 million apartments-and-retail project.
Old county jail up for auction in central Indiana
The tan brick building on the courthouse square in downtown Lebanon was the Boone County Jail from 1938 until 1992.
Roundup: La Mulita, Artisano’s, Tinker Street
La Mulita, a cantina-style restaurant, is moving into the SoBro building that houses Delicia, Artisano’s is taking the last available space at Nora Shops West, and Tinker Street is expected to open this summer on East 16th Street.
Lawmaker Turner worked to nix nursing home ban
A powerful House Republican secretly lobbied colleagues in the final hours of the 2014 session last week to kill a measure that would have been disastrous for his family's nursing home business.
Council backs city financing plan for $81M tower
The Indianapolis City-County Council voted 18-9 Monday night to provide up to $23 million in city financing for the project, with the stipulation that 30 percent of the workers hired to build the 28-story building live in Marion County.
Home-remodeling firm giving new life to vacant Carmel center
The vacant, 14,500-square-foot property in the heart of the city has been purchased by a local home-remodeling company, which plans to occupy half the building and lease the rest.
Home-sale agreements continue disappointing trend
Pending home sales in the nine-county area slid 22.8 percent in February compared with the year-ago period. That was only a slight improvement from the 31-percent fall recorded in January.
Indiana Limestone wins court approval for auction
The owner of Indiana Limestone Co. has received court approval to hold an April sale to see whether there are any better offers for virtually all its assets than the $26 million bid by lender Indiana Commercial Finance LLC.