Insurer lending $7M for east-side Super Bowl project
The aim is to spur redevelopment on the city’s blighted near-east side before the 2012 Super Bowl is played in Indianapolis.
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Blue Bell ice cream coming to Indianapolis
Texas-based Blue Bell Creameries will begin selling its ice cream in nine metropolitan Meijer stores beginning April 5. Distribution
will be assisted by the building of a 12,000-square-foot facility on the northwest side.
Home builder officially declares bankruptcy
Indianapolis home builder Hansen & Horn Group Inc. has officially declared bankruptcy after owners agreed to liquidate the
company earlier this month.
Prosecutor Brizzi defends no-cost real estate deal
Marion County Prosecutor Carl Brizzi paid nothing for a 50-percent stake in an Elkhart office building he acquired with a
local defense attorney.
Shoe Carnival profit beats estimates
Evansville-based shoe and apparel retailer reports strong sales of boots and athletic footwear.
Simon Property Group adds Glasscock to board
Former WellPoint Inc. leader Larry Glasscock has joined the board of directors of the Indianapolis-based real estate giant.
Deadline passes with no bids to buy Winona
The city of Indianapolis, which had listed the property for $667,500, had hoped to sell it the former hospital for redevelopment.
Judge’s disclosure rules broader than Bren Simon sought
The protective order will allow David Simon and Cynthia Simon-Skjodt access to records, even though they aren’t plaintiffs.
Noble Roman’s boosts profit in 2009
Indianapolis-based Noble Roman's Inc. improved its bottom line in 2009, reporting a $1.7 million profit despite revenue
that dropped 16 percent to $7.5 million.
Simon weighs new General Growth bid, sources say
Simon Property Group Inc. is considering raising its $10 billion buyout offer for rival shopping mall owner General Growth
Properties Inc. as early as this week.
Judge: Bren Simon can’t liquidate Simon Property holdings
A Hamilton County judge says Mel Simon’s widow can’t cash in partnership units worth more than $500 million.
Custom builders, banks convene to discuss lending environment
The Builders Association of Greater Indianapolis is trying to jump-start new home construction by convening a forum on how
builders can adapt to banks’ stricter lending requirements.
Former Summit House apartment tower sold
The landmark apartment building at 38th and Meridian streets formerly known as Summit House has been purchased by a pair of Chicago investors who plan to invest “a significant amount of capital” into the 20-story tower.
No buyers surfacing for former Winona Hospital
As of Monday morning, the Marion County Metropolitan Development Commission had received no bids to buy the property. MDC
is set to begin reviewing bids at its Wednesday meeting.
Simon, rival seek foreign investors to back General Growth bid
Indianapolis-based Simon Property Group and its chief rival in the battle to acquire bankrupt shopping mall operator General
Growth Properties Inc. are seeking funding from sovereign wealth funds in the Middle East and Asia, according to the Financial
Times of London.
Local luxury home sales jumped in February
Luxury home sales in central Indiana surged in February despite an overall decline in home sales, Re/Max of Indiana reported
Monday morning.
Retail sales show unexpected increase
Retail sales posted a surprising 0.3-percent increase in February as consumers did not let major snowstorms stop them from
storming the malls.
Simon says new General Growth plan is less uncertain
A new plan by mall owner General Growth Properties Inc. to exit bankruptcy resolves some uncertainty rival bidder Simon Property
Group Inc. has criticized, Simon CEO David Simon says.
Brizzi’s lease deals benefited friend, donor
Records show Marion County Prosecutor Carl Brizzi directed lucrative work for the Prosecutor’s Office to his friend, business
partner and political contributor John Bales.
Carmel contractor offers scholarships
Carmel-based Williams Comfort Air, a heating and cooling contractor, is accepting nominations for its Extraordinairy Treasures annual scholarship program. Six one-time scholarships totaling $5,000 will be awarded to high school seniors based on community service, leadership activities and family commitment.