The first few months of 2009 were not an easy time to be CEO of Simon Property Group Inc. David Simon was feeling pressure
from shareholders, lenders, employees and family members.
This month, Pearson Ford, 10650 N. Michigan Road, is celebrating a rare thing among car dealers: its 50th birthday.
The influence of founders’ families in public companies usually wanes over time. But few firms accelerate the process,
as Finish Line is doing.
Indiana lost 49 new-car dealers last year, the biggest thinning of the herd in at least a decade, according to data released
last month by the National Automobile Dealers Association.
Owner and chef Keltie Domina is relying on cost-cutting, an uptick in sales and her talent for shifting strategies
to dig out of a recession-based deficit.
Two years after Indianapolis Public Schools closed School 37, a multimillion-dollar redevelopment project is set to breath
new life into a building that served the Martindale-Brightwood community for 81 years.
Indianapolis-based appliance and electronics retailer opened 26 new stores in its fiscal first quarter and earned $2.7 million
in profit.
Indianapolis-based developer said the loss reflected slower construction activity and lower profit on land and outlet sales.
Occupancy at its retail centers increased, however, to 91 percent.
IBJ first reported in May that Kite Realty Group Trust had recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment of the Shops at Rivers Edge.
Satori Pointe is being marketed as a campus where medical offices, fitness-oriented retailers and residents would co-exist.
Drug store chain pulls two applications, while local board rejects its request to sell booze at a store on East Washington
Street and deadlocks on a 2-2 vote regarding a store on East 86th Street.
Marion County’s Alcoholic Beverage Board on Monday denied Walgreen Co.’s application for a permit to sell alcohol at
its location on East Washington Street in Irvington, citing neighbors’ opposition. The panel split 2-2 on a permit for its
Nora store. Earlier, the drugstore chain withdrew two
other requests.
A Hamilton County judge has ordered a halt to distributions from the estate of the late Melvin Simon to his widow Bren or
any other beneficiary without the court's approval.
A Lake Clearwater mansion formerly owned by Premier Properties founder Christopher P. White is up for sale with an
asking price of $1.48M.
Vop Osili of Indianapolis-based A2SO4 is focusing full time on his run for secretary of state as the Democratic candidate.
Lawyers for Bren Simon’s stepchildren contend she’s incapable of serving as trustee of her late husband’s estate and should
be removed. A Hamilton Superior Court judge took the matter under advisement and will rule at a later date.
The Indianapolis-based real estate giant experienced higher occupancy and sales at its shopping malls compared to a year ago.
Jam-packed with expensive equipment, data centers represent huge capital investments in a relatively small footprint. That
can mean steep property tax bills, though Indiana allows communities to exempt a portion of that tax. Jobs-hungry Indiana
is eager to attract more of these climate-controlled computing fortresses.
The Carmel-based company backed off earlier predictions after a mid-year slow-down that could affect its sales.
Lauth Group Inc. will relocate its headquarters to a North Meridian Street office building as part of a bankruptcy court settlement,
the company announced Thursday afternoon.
