Regions Bank joins skyline
The Regions name and logo are joining the city’s skyline atop One Indiana Square.
Real Estate
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Bloomington looking at downtown chain-store ban
A committee will research a proposal from Bloomington’s mayor to ban new chain or “formula” businesses from parts of the city’s
downtown.
$4.9M approved to buy houses in Franklin flood zone
Another central Indiana city is receiving a multimillion federal grant to buy houses damaged by the widespread flooding that
hit the state last year.
Georges put north-side estate up for sale
Tony George and his wife, Laura, have put up for sale their 12-acre, wooded estate at 8030 Spring Mill Road on the north side
of Indianapolis.
Hat World acquires Minnesota sporting goods dealer
Indianapolis-based Hat World Inc. said Monday that its Impact Sports division has acquired Great Plains Sports in St. Paul,
Minn.
Finish Line shares rise despite quarterly loss
Shares in locally based athletic retailer The Finish Line Inc. jumped Friday morning after the company reported a narrow loss
for the second fiscal quarter, mostly because of the large cost of unloading its unsuccessful Man Alive stores in July.
Developer plans student housing along canal
A local developer has filed plans to build a new apartment complex designed for college students a few blocks east of the
Central Canal.
Finish Line suffers second quarter loss
Sporting goods retailer The Finish Line Inc. said on Thursday that it lost $874,000 in the second quarter, mostly because
of a loss it took by unloading its unsuccessful Man Alive stores in July.
St. Francis resumes work on $265M project
With its financial performance exceeding expectations, St. Francis Hospital & Health Centers will resume construction on a $265 million, 221-bed patient tower at its Indianapolis campus, the hospital system announced Thursday.
Widow likely biggest beneficiary of Simon’s estate
Bren Simon likely will inherit at least one-third of her billionaire husband’s fortune and potentially much more,
wealth managers speculate, based on the legal and tax issues involved in such a large estate.
Entrepreneur hopes real estate venture will rebuild neighborhoods, fund charities
David Sexauer has $250,000 and a list of about 120 properties he’d like to acquire from the city of Indianapolis.
Historic building gets reprieve
The Historic Landmarks Foundation of Indiana and the Salvation Army have worked out a deal that could save a Queen-Anne-style
building on Michigan Street just west of Alabama Street.
Architecture firms launch energy venture
Architectural and engineering firm Schmidt Associates Inc. and mechanical contractor Johnson Melloh Inc.
have partnered to form Energy Solutions by JMS, which will promote energy-savings programs to school
districts, libraries and units of local government throughout the state.
Indiana, Kentucky seek $120M for bridge projects
Indiana Gov. Mitch Daniels and Kentucky Gov. Steve Beshear have applied for federal funding for two long-sought bridge projects
on the Ohio River.
Development slow around Lucas Oil Stadium
The hoped-for rush of new development around Lucas Oil Stadium has not materialized.
Jobless claims, home sales drop unexpectedly
The number of newly laid-off workers seeking unemployment benefits fell for the third straight week, evidence that layoffs
are continuing to ease in the earliest stages of an economic recovery.
Historic Landmarks returning to headquarters
The Historic Landmarks Foundation of Indiana is set to return to its headquarters in downtown Indianapolis tomorrow, six
months after a fire at a neighboring apartment project displaced the not-for-profit.
Real estate marketer launches 4 Walls Etc. from home
Startup real estate firm specializes in marketing, digital floor plans and site plans.
Clinton, Bird among mourners at Simon funeral
Former President Bill Clinton described Melvin Simon as one of the most remarkable people he’s ever met as he gave a eulogy
today during the funeral for the billionaire shopping mall developer and Indiana Pacers co-owner.
Developer Broadbent sues banks after they tighten credit line
Locally based Broadbent Co., one of the city’s biggest retail developers, has sued two of its banks, charging they’re
wrongly attempting to restrict its access to a $50 million credit line.