Broad Ripple buildings slated for office conversion
Kyle Robinson and Drew Loftus are in the process of buying and rezoning a trio of vacant, connected buildings at 6334 Westfield Blvd., where the Monon Trail crosses the canal.
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West-side Godby building in foreclosure
A building at 4701 Rockville Road, owned by local businessman Thomas Godby, is the target of a $2 million foreclosure suit filed by Old National Bank. The building’s tenants include Tony Stewart Racing Enterprises and Sara Fisher Racing LLC.
New booze permits unleash gold rush
The Indiana Alcohol & Tobacco Commission plans to sell up to 101 new three-way restaurant permits for Marion County at an auction Nov. 18. The offering follows a recalculation—using fresh U.S. Census numbers—of how many permits should be distributed in the city.
Carmel resident takes entrepreneurship plunge with Amy’s PJs
Amy Graham left her job as marketing director of a plastic surgery practice early this year to pursue her dream of running a high-end pajama boutique.
Duke Realty’s massive office sale wins praise on Wall Street
Investors have bid up shares of Duke Realty 13 percent since the company announced it was selling a huge portfolio of office buildings for $1.1 billion.
Simon sues state over sales-tax loophole for Amazon.com
Simon Property Group Inc. has filed suit against the Indiana Department of Revenue in an attempt to force the state to collect sales taxes from Amazon.com Inc.
Court case might roil not-for-profit tax rules
A Bartholomew County not-for-profit affordable housing development group is preparing to fight in Indiana Tax Court a denial of its property-tax exemption. The denial has put the organization
$200,000 in debt and its rental homes in danger of tax foreclosure.
Fashion Mall getting big upgrade
A multimillion-dollar makeover now under way at The Fashion Mall at Keystone will add an upscale food court and about 20 stores, many of them new to Indianapolis.
City files nuisance charges against property owner
The complaint alleges that David J. Williams’ properties have been the subject of more than 400 violations and have generated more than 30 police reports for criminal activity.
Fast-growing First Watch plans 5 local restaurants
Patachou is getting some new competition. A breakfast-and-lunch chain called First Watch plans to open at least five new locations in the Indianapolis area.
Kite reports narrower loss on higher revenue, occupancy
Kite Realty Group Trust Inc. saw a smaller loss in its third quarter compared to a year ago, along with higher revenue and occupancy rates at its retail properties, the Indianapolis-based real estate investment trust announced Wednesday afternoon.
Third-quarter commercial real estate stats for Indianapolis
Commercial Real Estate Focus sections include statistical snapshots of Indianapolis’ multi-tenant office vacancy rates and the local industrial market.
Buyers edging back into Indianapolis commercial real estate
Most buyers are bottom-fishers, investors looking for better returns or companies wanting their own building.
Cardinal Fitness closing six area fitness centers
Health-club chain plans to keep six local locations open, but refer members of closed locations to LA Fitness.
HHGregg shares surge on strong quarterly profit
HHGregg Inc.’s stock price shot up nearly 20 percent late Wednesday morning after the Indianapolis-based appliance and electronics retailer reported strong earnings.
City’s first Carnegie library set to celebrate 100 years
Marion County's oldest library building will celebrate its 100th anniversary this month. The Indianapolis Public Library branch at 2822 E. Washington St. was one of five libraries in the city built with funds from the Andrew Carnegie Foundation.
Purdue expert predicts modest bump in holiday shopping
American shoppers are expected to open their wallets just a little wider this holiday season, pushing sales up 2 percent to 4 percent, according to an estimate released today by the Purdue University Retail Institute.
New apartments in 2012 on track for a 25-year high
A survey of developers suggests up to 3,438 new units could hit the rental market next year, which would be the highest total since 1987, when central Indiana gained about 4,500 units.
Developer plans $54 million in new apartment projects
A local developer plans to invest more than $54 million to build apartment communities adjacent to the Rivers Edge shopping center in Indianapolis and Metropolis in Plainfield.
Rivers Edge spawns new retail center across 82nd Street
Veritas Realty is betting more restaurants and retailers are interested in opening stores near Nordstrom Rack and The Container Store.