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.
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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.
Indiana turns away booze-distribution heavyweight
The Indiana Alcohol and Tobacco Commission has voted to deny liquor and wine permits for Southern Wine & Spirits of
America Inc., the nation’s largest liquor distributor, citing concerns over a track record of anti-competitive behavior.
Australian owner abandons efforts to sell Chase Tower
Macquarie Office Trust of Sydney has quietly pulled the 48-story Chase Tower off the market, along with a property in Boston and a property in Denver that failed to draw juicy enough offers.
New owner to rehab two century-old apartment buildings
A local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.
Simon built mall empire from scratch, changed way America shops
Melvin Simon, who died at 82 on Sept. 16, grasped early on that creation of the nation’s interstate system would pave the way for
large, enclosed shopping centers.
Housing construction jumps to 9-month high
Housing construction rose in August to the highest level in nine months as a big surge in apartment building offset a decline
in single-family activity.
MANN: Commercial real estate is next mortgage crisis
The cresting wave of maturing commercial real estate debt is the second act in our nation’s credit crisis.
‘Dewatering’ system creates space, keeps new Marriott’s basement dry
A sprawling network of drainage pipes is designed to keep the underground parking garage of the new JW Marriott hotel dry.
Anticipated development near stadium isn’t materializing
Not long ago, developers seemed to vie for every square inch of open ground in the vicinity of the just-completed Lucas Oil
Stadium. These days, the entire neighborhood has been pushed, if not into a financial deep freeze, then at the very least
to the back of the crisper drawer.
Commission OKs Ameriplex, Rexnord tax abatements
The Metropolitan Development Commission this afternoon approved two requests for property tax abatement, including one for
a mammoth development known as World Connect at AmeriPlex.
UPDATE: Simon remembered for vision, courage
A Friday funeral is planned for a man who made a fortune building shopping malls across the U.S. and later became a prolific
philanthropist in his adopted hometown of Indianapolis. Melvin Simon, 82, succumbed this morning after a battle with pancreatic
cancer.