Prudential Indiana adds two Coldwell Banker offices
Bringing Carmel and Avon offices under the Prudential brand should help the agency increase its presence in the metropolitan area, particularly on the west side.
Real Estate
Articles
Duke Realty planning $967M in property deals
The Indianapolis-based real estate investment trust said it will sell 3.1 million square feet of suburban office space for $516.7 million and buy 4.9 million square feet of mostly industrial space for $450 million.
Ricker rebranding 17 Indianapolis convenience stores
Anderson-based Ricker Oil Co. is changing the name on the ampm shops, which it acquired in 2008 from a division of oil giant BP, to match the remainder of its 50 Indiana stores.
Holy Cross startup sees plenty of room for more craft brewers
A startup brewery called Flat 12 Bierwerks has ignited a revival along lonely Dorman Street in Holy Cross, one of the city’s oldest neighborhoods.
Simon Property likely to continue pursuit of British mall owner
In rejecting Simon’s offer, London-based Capital Shopping Centres Group said the cash bid “very substantially undervalues the company and its prospects."
Naysayers place big bet HHGregg will stumble
Traditional analysts are high on the electronics retailer, but short-sellers, those who profit when a stock falls instead of rises, couldn't disagree more.
Retailers scout new Indy-area locations
Several restaurants, including three pizza chains, and an adult-oriented retail store are planning new locations around the city.
State pushing to keep building-review wait times down
Wait times in the plan-review process for non-residential projects increased dramatically this year, creating a backlog of cases.
U.S. home construction up after two months of declines
Locally, building permits were up 17 percent in the nine-county area, from 222 in November 2009 to 259 in November 2010.
North of South project clears rezoning hurdle
The Metropolitan Development Commission agreed to rezone 14 acres of land, which houses a parking lot north of South Street between Delaware Street and Virginia Avenue downtown, to accommodate the $155 million mixed-use project.
Judge removes Bren Simon as trustee over late husband’s estate
A series of questionable decisions by Bren Simon in recent months appear to have paved the way for a Hamilton County judge’s order this week removing Bren as interim trustee over Simon Property Group co-founder Melvin Simon’s estate.
INSIDE DISH: Saffron Cafe surges in second year
After a $150,000 startup and skin-of-their-teeth opening in 2009, sales at downtown's Moroccan eatery have spiked as word has spread.
UPDATE: United Kingdom mall owner rejects Simon bid
Capital Shopping Centres Group Plc, the United Kingdom’s biggest shopping mall owner, turned down Simon Property Group Inc.’s $4.6 billion bid, describing it as “inadequate.”
Simon bids $4.6B for U.K.’s Capital Shopping
Indianapolis-based Simon Property Group Inc., the largest U.S. mall owner, made an offer for Capital Shopping Centres Group Plc that values the U.K. company at $4.6 billion.
Roundup: Urban Element, Lovers Lane, Jets Pizza, IHOP, Taco Bell, Music Mill
Urban Element reopens under new ownership and several pizza chains plan new stores.
NAI Olympia brokerage firm closing after 20-year run
The principals of NAI Olympia Partners have decided to shut down the firm after 20 years in business, leaving its competitors to pick from more than 20 veteran office, industrial and retail brokers.
TJX closing South Bend facility, cutting 725 jobs
More than 700 workers will lose their jobs when an A.J. Wright distribution center in South Bend closes next year as part of as a national consolidation by parent TJX Cos.
Simon’s options for Capital Shopping takeover dwindling
Simon Property Group Inc. may be running out of options in its quest to take over Capital Shopping Centres Group Plc and become the largest mall owner in the United Kingdom.
Steak n Shake’s annual profit sizzles
The Indianapolis-based restaurant chain grew pretax profit in fiscal 2010 to $37.7 million, a 331-percent increase compared with the previous fiscal year.
Longtime local Cadillac dealer loses fight to sell car
Tutwiler Cadillac, which has sold Cadillacs in the Indianapolis area for almost five decades, has lost its franchise despite a long battle with General Motors.