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Articles
Home-sale agreements rise in Indianapolis area
Pending home sales in the nine-county metropolitan area climbed 7 percent in August compared with the same month a year ago, marking the fourth straight month of year-over-year increases.
Tilted Kilt taking former Jillian’s restaurant space
Tilted Kilt, a chain of Irish sports pubs known for its scantily clad, kilt-wearing waitresses, has closed on a deal to take over the first-floor space at the northeast corner of Meridian and Georgia streets.
Landscape architect stays small by design
Landstory, Joann Green’s landscape architecture firm, is a snug four-person company that has designed exterior spaces for some major Indianapolis projects, such as the JW Marriott, Lucas Oil Stadium and Indiana University’s Melvin and Bren Simon Cancer Center.
New financing may give battered dry cleaner fresh start
US Dry Cleaning’s September 2008 purchase of Tuchman Cleaners was supposed to end years of financial strain for the 25-store Indianapolis chain, but it didn’t happen.
Critics: Wrecking ball won’t fix Indianapolis neighborhoods
Many neighborhood leaders have hailed Mayor Greg Ballard’s initiative to raze some 2,000 abandoned homes by the end of 2012 as a long-overdue means of tackling urban blight. But some residents and experts fear rampant demolition—without a clear plan for how to redevelop the properties—will fail to improve neighborhoods.
Indianapolis Cultural Trail takes ‘pause’ for Conrad hotel
Planning around the Conrad’s valet parking operation posed the most challenging dilemma faced by organizers of the 8-mile Cultural Trail.
Indianapolis building owners, managers pressed to protect birds
The Audubon Society has documented hundreds of birds killed downtown in the past two years as birds are attracted to the city lights and then fly into windows.
Around town self-serve frozen yogurt roundup
The frozen yogurt craze has officially arrived in Indianapolis.
Rally’s planning to add up to 30 local restaurants
The owner of the drive-through focused burger chain Rally’s, which got its start in southern Indiana, hopes to double the number of locations in the Indianapolis area.
Johnson County still dealing with 2008 flood
Johnson County officials have been working to buy about 40 flooded properties in an area a few miles west of Greenwood, so they can be demolished.
Former real estate exec to plead guilty to wire fraud
Kim Hutchinson, former treasurer of J. Greg Allen Builders and Princeton Homes, agreed to plead guilty to stealing $446,419. Her cooperation likely will result in a lighter sentence of 30 to 40 months.
New owners aim for big profit after buying IPS school on the cheap
The buyers of former IPS School 64 stand to make hundreds of thousands of dollars if they manage to flip the property they bought for just $20,000.
Hot apartment market sees robust sales
Gene B. Glick Co.’s purchase of the 240-unit Thompson Village apartment complex on the south side is the most recent deal in a year full of apartment transactions.
Tax bills spur eBay listing for Anderson office buildings
Two investors stung by soaring property taxes have listed three Anderson office buildings on eBay in hopes of drumming up interest in the $4.5 million package deal.
Hat World suing three former execs for contract breaches
The federal suit seeks monetary damages and a permanent injunction prohibiting the men from soliciting customers and employees, and from disclosing trade secrets.
Jack in the Box revives local expansion push
The burger chain has applied for zoning approval to build a restaurant near 16th and Meridian streets, just south of CVS drugstore. It would be one of 10 stores it plans to open here.
HICKS: Lessons to glean from Keystone Towers demolition
The demolition of a vacant apartment building is common fare in American cities. It is part of the urban renewal that is much needed in many U.S. cities.
Marsh plans to spend $60M to build and remodel stores
The Fishers-based supermarket chain is shifting into expansion mode with a mission to construct up to 10 new stores and revamp or rebuild several more over the next three years.
Kite shares still grounded two years after plunge
Kite Realty Group Trust says leasing activity is up, debt maturities are under control, and new retail developments could boost operating income this year an impressive 17 percent. Yet shares in the locally based firm still fail to excite investors.