‘Taxing’ not-for-profit property
Some Indiana mayors, desperate for revenue, think it’s time for "payments-in-lieu-of-taxes."
Real Estate
Articles
Local home builder placed in receivership
A receiver appointed to manage the assets of financially troubled Hansen & Horn Group Inc. will recommend whether the Indianapolis-based
home builder should remain in business.
General Growth deal would extend Simon’s mall dominance
Wall Street analysts have described the potential sale of Chicago-based General Growth Properties as a “once-in-a-lifetime
opportunity” for a company to make “the deal of the decade” in the shopping-mall business.
Retail sales rise more than expected
The government’s report came as a surprise because the nation’s retailers have been reporting generally lackluster results
for the start of the holiday shopping season.
Stout’s Shoes still in step after 123 years
After more than a century in business, Indianapolis-based Stout’s Footwear Co. isn’t just
surviving. It also is proceeding with plans to open
a store next year on the city’s north side.
Espresso Book Machine could open new pages in local retailing
The pricey Espresso prints and binds books while customers wait. But retailers aren’t sure what to expect when the the machine
gains wider acceptance.
Greenfield chain makes gas stations a family affair
In high-turnover industry of gas stations and convenience stores, Greenfield-based GasAmerica builds loyalty under the guidance of CEO Stephanie White-Longworth.
Bloomington panel won’t support chain-store ban
A task force appointed by Bloomington’s mayor will instead look at other options for protecting the small-town character of the city’s downtown from standardized chain stores and eateries.
Area home sales tick up
Home-sale agreements in the nine-county Indianapolis area rose 3.3 percent in November, marking the third consecutive month they’ve showed a year-over-year increase.
Bella Vita taking over for Bertolini’s in Circle Centre
The Italian restaurant Bella Vita is poised to take the first-floor space in Circle Centre mall formerly occupied by Bertolini’s.
UPDATE: Simon stock jumps on $2.3B acquisition
Adding the 22-mall portfolio of Baltimore-based Prime Outlets will give Simon a total of 63 outlet malls with more than 25
million square feet of space.
Bella Vita restaurant planned for Circle Centre
An Italian restaurant whose owner has ties to embattled local businessman Tim Durham is poised to take the first-floor
space in Circle Centre mall formerly occupied by Bertolini’s.
Simon buying Prime Outlets in $2.3B deal
Simon Property Group Inc. is doubling down on outlet malls with an agreement to buy Baltimore-based Prime Outlets, a
privately held firm that owns 22 of the giant properties.
Patachou owner’s pizzeria granted alcohol permit
Café Patachou owner Martha Hoover’s plan to open a pizzeria next to her trademark eatery at 49th and Pennsylvania
streets in Indianapolis cleared its final hurdle Monday.
Kosene becoming full-service residential brokerage
Kosene & Kosene is launching a full-service residential real estate brokerage, in part to counter a tough development
market.
Bids pitch apartments, retail for former Fall Creek YMCA
Two bidders have submitted plans to redevelop the vacant former Fall Creek YMCA along West 10th Street with apartments and
retail space.
Simon buying General Growth debt for possible takeover
The Indianapolis-based shopping mall owner is facing competition for General Growth from Toronto-based Brookfield Asset Management Inc., which also has been buying up General Growth’s debt.
City mulls 6 proposals for use of Old City Hall
Visions for the empty historic building
range from offices to a museum. Two developers propose a boutique hotel on an adjacent parking
lot. Video bonus: Tour the landmark’s interior.
Revived Marsh Supermarkets goes up for sale
Florida-based Sun Capital has completed the turnaround of Marsh Supermarkets and now is seeking a buyer
for the home-grown chain. CEO Frank Lazaran told IBJ Sun will sell Marsh “when the market is right, financing
is right, and
someone is willing to pay a fair multiple.”
Mental health association buys Yellow Rose Inn
An elegant Old Northside mansion known as the Yellow Rose Inn has a new owner with plans to discontinue a bed-and-breakfast
operation.