Duke Realty selling 82 office buildings for $1.1B
The sale includes buildings with a combined 10.1 million square feet of space in Atlanta, Chicago, Columbus, Dallas, Minneapolis, Orlando and Tampa. None of the properties are in Indiana.
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Articles
Carmel mayor’s next goal: Build posh, $32M hotel
The principal developer of Carmel’s City Center, Pedcor Cos., is working with city officials on plans for a four-star boutique hotel that likely would cost at least $32 million to build and may require an additional city subsidy.
New downtown restaurants line up to replace old ones
New Orleans on the Avenue, a casual Southern Creole restaurant, is set to take over the vacant former home of Zing at 543 Indiana Ave.
Jillian’s arcade games, bowling alley up for auction
An auction to liquidate the downtown entertainment complex will be held Oct. 26 to sell more than 100 arcade games, a nine-lane bowling alley and 12 pool tables. Jillian’s operators owed the landlord roughly $700,000 in unpaid bills.
Kilroy’s gets liquor approval for Broad Ripple location
The Indiana Alcohol and Tobacco Commission voted 3-0 to give Kilroy’s a liquor permit for the location at 821 Broad Ripple Ave. despite protests from a neighborhood group.
Indianapolis neighborhood striving for LEED status
Designation to east-side project would go beyond building certification.
Zeroing in on net-zero energy in Indianapolis
The Holy Grail of energy efficiency has yet to arrive, but pieces are falling into place.
Real estate brokerage sues IU Health over commissions
CBRE Inc. accuses the local hospital system of cheating it out of consulting fees that could top seven figures related to several building projects.
Marketing firm TrendyMinds moving to Market Street
The company has purchased a former labor union hall building and plans to invest $1 million to refurbish the property before moving in early next year.
Snooty Fox restaurant closes after 29 years
The 29-year-old restaurant on Indianapolis’ north side closed on Monday, despite efforts in the spring by a cable television show to remake the English-style pub.
City taking redevelopment bids for key Mass Ave properties
The city-owned properties targeted for redevelopment are at 555 N. New Jersey St., the site of Indianapolis Fire Department administrative offices and Station No. 7, and at 501 N. New Jersey St., the location of Firefighters Credit Union.
Texas investors buy northeast-side hotel
A couple from suburban Houston bought the 187-room Ramada Inn in an online auction for $1.3 million and have rebranded it as ExtendASuites.
Downtown line change: New restaurants replace old ones
New Orleans on the Avenue replacing Zing. Greek’s Pizzeria taking King David space. Starbucks replacing stalwart cafe in Omni.
Groupon miscue menaces downtown restaurant
Creation Cafe said Chicago online coupon company Groupon offered discounts it didn't agree to give. Groupon says it had a signed contract.
State lottery chief resigns after expensive move
Lottery Director Kathryn Densborn had acknowledged that $25,000 in gym equipment and some other items included in the move to a new office may have been poor judgment.
Airport gas station could fuel retail in proposed complex
Restaurants, a medical clinic and even a dog kennel are ripe for consideration on an 11-acre airport site slated for a gas station. Airport officials have asked for proposals from developers by Oct. 25.
Indy’s housing market posts strong September
In the nine-county metropolitan area, the number of home-construction permits filed last month increased 22 percent from the same month in 2010, while home-sale agreements rose 5.1 percent.
Green roofs slow to take root in Indianapolis
Indianapolis’ movement toward installing green roofs on commercial buildings has advanced slowly but steadily, in spite of a poor economy and the availability of cheaper (at least in the short run) alternatives.
Cracker Barrel battling to keep Biglari at bay
Cracker Barrel Old Country Store Inc. has rejected Biglari’s request that directors appoint him and business partner Phil Cooley to the board. It also has rolled out a “poison pill” plan that would deter outside investors from taking over the business without negotiating with the board first.
Airport snags growing eyebrow boutique
Simply Eyebrows is joining Indianapolis International’s heralded collection of retailers.