Duke Realty reports massive third-quarter loss
Big write-downs on raw land and projects under development led to a wide third-quarter loss for Duke Realty Corp.
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Downtown upscale eateries cancel their lunch plans
While fast food remains a favorite for value-minded patrons, several higher-end restaurants in the Mile Square and its nearby
environs have decided in the last year to pull the tablecloth out from under their lunch service.
Trustee seeks bids for former Fall Creek YMCA branch
The owner of the vacant former Fall Creek YMCA along West 10th Street is seeking bidders interested in tearing down and redeveloping
the prime 2-acre site at 860 W. 10th St.
Center Township seeks redevelopment bids for former YMCA
The owner of the vacant former Fall Creek YMCA along West 10th Street is seeking bidders interested in tearing down the building
and redeveloping the prime 2-acre site.
Concrete firm agrees to pay $29M in price-fixing case
A lawyer says Irving Materials Inc. has agreed to pay $29 million to settle a class-action antitrust lawsuit alleging it and
six other companies conspired to fix the price of ready-mixed concrete.
With airport hotel stalled, Hendricks County makes its move
Hendricks County’s moves to entice a developer to build a conference hotel in Plainfield could further crimp plans
for
a
hotel attached to the new Indianapolis International Airport terminal.
Demand is steady for Maxwell Apartments
Locally based Barrett & Stokely Inc. has taken over management of The Maxwell Apartments downtown at 530 E. Ohio St. The community
already is about 50 percent occupied.
Lilly to move 1,000 from Faris campus
As it shrinks its work force, Indianapolis-based pharmaceutical firm Eli Lilly and Co. will move more than 1,000 employees to its corporate
center
by mid-2010.
Hendricks County offers land for hotel development
The Hendricks County Convention and Visitors Bureau said Monday that it is asking for proposals to develop a full-service convention hotel on up to 18 acres in Plainfield at the intersection of Interstate 70 and Highway 267.
Plans emerge for vacant former Value City store
Two local entrepreneurs have partnered to develop a new conference and event center in the former Value City department store
near Lafayette Square Mall.
Steak n Shake nearer to merger with steak chain
Under terms of the deal, Steak n Shake will pay Western Sizzlin shareholders $22.9 million and Western will pay its shareholders
a $15.9 million stock dividend, making the total deal worth about $38.8 million.
Haunted houses avoid recessionary letdown because they offer escape
Even in bad times
people want to be entertained.” Nationwide, roughly 2,000 haunted houses, hayrides and other attractions
rake in $1 billion annually of the $7 billion consumers spend on Halloween, according to St. Louis-based trade group Hauntworld
Inc.
Bankruptcies, store closings help Halloween shops scare up space
Like zombies coming to life in a low-budget horror flick, the Halloween specialty shops that invade empty store fronts are
groaning with activity.
Opportunists hunt deals in commercial real estate
Just about every player in the real estate business—whether individual investor, private-equity fund or publicly
traded company—is trying to raise capital to take advantage of what they see as an inevitable shakeout in commercial
property.
New not-for-profit coffee shop in Fletcher Place will raise money for charities
The new coffee shop named for Calvin Fletcher, one of the city’s first lawyers, will give money to groups such as Second Helpings.
Ball State to offer new degree at downtown Indianapolis campus
The master of urban planning degree offered downtown will use the city as an urban laboratory.
Yats opening new concept near Central Library
Yats plans to open a new restaurant and bar concept in the first floor of the The Ambassador apartment building next to the
Central Library.
Landmarks Foundation president is living with history
As president of the Historic Landmarks Foundation of Indiana, Marsh Davis is surrounded by history every time he goes to
work. It also greets him when he comes home. Davis and his family live in a 100-year-old Prairie-style, Meridian-Kessler Neighborhood
home that they have filled with Mission
furniture, family heirlooms and quirky artifacts.
Water bottler buys Plainfield distribution building
A California water bottler has purchased a Plainfield distribution building for its first Midwestern outpost.
Panel rejects major alcohol sale proposals for state
An Indiana legislative committee recommends carryout sales of alcohol remain banned on Sundays, and liquor stores stay the
only place to buy cold beer.