Woodfield office buildings attracting strong interest
The two Class A office buildings totaling 348,000 square feet are close to being sold after falling into foreclosure during the implosion of defunct local developer Premier Properties USA Inc.
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Finish Line shares surge after jump in profit
New products from apparel makers such as Nike helped drive up earnings 6.1 percent in the fiscal second quarter, the Indianapolis-based retailer announced Friday morning. A deal with Macy’s also is paying off.
RV exec seeking new start in Indy
A member of one of the recreational vehicle industry’s elite families hopes to get a fresh start in Indianapolis by launching a manufacturer of super-high-end RVs.
Indianapolis Motor Speedway takes bids for food, souvenirs
The Indianapolis Motor Speedway has put its merchandise and food and beverage contracts up for bid for the first time in its 104-year history.
Stonegate Mortgage IPO a test of housing recovery
Stonegate Mortgage—potentially the first company in Indianapolis to go public since ExactTarget in 2012—plans to entice investors with a nationwide expansion, a diversified income stream, and the prospect that federal reforms will benefit such loan aggregators.
Paul Estridge Sr., founder of home builder, dies at 79
The Broad Ripple High School graduate took a flyer on building custom homes in 1967 and created an empire in the city’s northern suburbs.
Cummins keeping HQ in Columbus, but considering Indy project
Cummins spokesman Jon Mills said the company wants to consolidate its two offices in downtown Indianapolis where about 100 employees work in areas such as communications, information technology and investor relations.
CityWay YMCA plans include more than just rec facility
The YMCA of Greater Indianapolis wants to build an 87,000-square-foot mixed-use development on a parking lot owned by Eli Lilly and Co. at the southwest corner of Alabama and South streets.
Boomers face downsizing dilemma in Indianapolis
Changing tastes, economic uncertainty could crimp sale prices for boomers wanting to move into smaller quarters.
Company gains more support for Indiana power plant
Several officials of a central Indiana town where a $500 million power plant has been proposed say they were impressed with another of the company's plants during a trip to Texas.
Simon debuts bonds in Europe as discount to U.S. widens
Simon Property Group Inc. is selling 750 million euros ($1 billion) of seven-year securities as the yield discount to U.S. dollar notes approaches the widest in more than 4-1/2 years.
Canterbury to change name, close for 9-month renovation
The historic downtown hotel’s new owner says the $9.5 million revamp and affiliation with an international brand are needed to compete with new high-end hotels in the Indy area.
Simon competitor hoping to raise $750 million in IPO
An offering of at least $750 million by Brixmor Property Group Inc. would be the largest IPO by a retail real estate investment trust since Simon Property Group raised $840 million in 1993.
Landmark Indiana gym faces talk of possible closure
Muncie school board members are considering closing the 6,000-seat Muncie Fieldhouse to save money. The gymnasium turns 85 in December.
Skywalk adds architectural element to senior-housing project
Two four-story structures, at the southwest and northwest corners of 30th and Clifton streets, will be built as part of a $10.7 million project that will include 57 units linked by an elevated walkway.
U.S. home sales hit six-year high, but could slow soon
August sales reflect contracts signed in June and July, when mortgage rates were rising steadily. A Realtors group cautioned that buyer traffic dropped off significantly in August. That points to fewer sales in the fall.
Biglari shareholder loses bid to stop $75M stock offering
A federal judge rejected the shareholder’s motion claiming that the offering would enable CEO Sardar Biglari to unfairly increase his ownership in the company. Biglari Holdings is the parent of Indianapolis-based Steak n Shake.
Colliers expands multifamily-brokerage team
The additions joining Michael Drew, who had been the office’s loan investment and multifamily broker, are team leader Michael H. Wernke, in addition to Cory Detamore, Evan Bryant and Maria Stein.
New vision for Eastgate includes solar farm
A former east-side shopping mall will soon be covered in solar panels, possibly the most transformative of property owner Alex Carroll’s various redevelopment efforts.
City eyes Cummins as anchor for key downtown site
City officials are quietly trying to orchestrate what would be a major coup: Landing Cummins as an office anchor for a second phase of redevelopment on the former home of Market Square Arena.