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Developer pegs Plainfield for spec office building: Local real estate brokers question potential demand

Now a developer is banking on a new roadway and airport terminal to attract office tenants, although some brokers familiar with the area aren’t sold on the idea. The local office of Chicago-based Verus Partners LLC finished purchasing 200 acres along the east side of the Reagan Parkway and plans to build a 60,000-square-foot, two-story speculative office building. Verus’ mixed-use office and industrial park is called GreenParke at Airwest and could be ready for occupancy by next summer. Infrastructure work…

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Huguenard a billion-dollar broker: Senior vice president at Colliers one of the nation’s top deal-makers

John E. Huguenard is on a roll. He’s got $1 billion in active industrial listings and is on track to top his $700 million deal volume from last year. The low-key super-broker for the local office of commercial real estate powerhouse Colliers Turley Martin Tucker has closed 17 deals worth a total of $250 million already this year. And that’s no fluke: Huguenard, 45, has sold or leased more than 100 million square feet of industrial property in more than…

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New rendering: Zing

Here’s the overall vision for the new Zing restaurant at 543 Indiana Ave. By the way, I’m told the galvanized steel has to cure for one year before they paint it black. The restaurant should open in a couple weeks….

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Glendale lands Flat Top Grill

Indy is becoming a hotbed for chain stir-fry restaurants. A popular player, Flat Top Grill, has signed a letter of intent with developer Kite Realty Group Trust to open a new…

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Lucas Oil Stadium and Mail Pouch

Lucas Oil Stadium has nabbed lots of favorable reviews for its retro look, sliding widows looking onto downtown
and retractable roof.

Now a question.

What do you think about the Lucas Oil Stadium name painted in white on the black roof? Does…

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Axia Urban pitches live-work

Local developer Axia Urban is planning a three-building project that would give the corner of 22nd and Talbott streets a whole new look. The plans, submitted by…

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Hundreds turn out for White auction

More than 1,000 people from nine states attended an auction Saturday of hundreds
of items seized from Christopher P. White, the founder of bankrupt developer Premier Properties USA Inc.

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Zing, L’ex and Eddie Merlot

A couple of restaurant updates today:
Workers are adding a wraparound balcony to Zing, a new small-plate restaurant in the old Payton’s Place at 543 Indiana Ave. Restaurateurs…

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New look for secondary JW hotels

Developers White Lodging and REI Investments have made some changes to their plans for a Courtyard by Marriott and a SpringHill Suites next door to the JW Marriott convention hotel, at the request of city planners. Among the changes: signs…

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Eroding home equity & BW3

Indianapolis has won the dubious distinction of third place on a Forbes magazine list of the nation’s “Most In-Debt Households”. The magazine uses numbers from Moody’s Economy.com to establish which of…

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Rivers Edge & crazy for cafes

Kite Realty Group Trust remains mum on its plans for the Rivers Edge shopping center just east of Clearwater Crossing, even in an application for rezoning filed this month. Kite…

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Strip-mall developer scales back as housing slump hurts small retail centers

A local developer known for its strip centers has stopped building new projects, scaled back its staff, and is trying to
unload several of its properties in an apparent bid to survive. Williams Realty Group earlier this year
shuttered its custom-home-building operation, DayMarc Homes, and now observers are wondering if owners Dave
Crockett and Marc Freije can keep the rest of Williams afloat.

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BEHIND THE NEWS: News from the front lines: More tough times ahead

The past 12 months have been hard to take, with all the gloom-anddoom headlines about the weak housing market, subprime credit crisis and softening economy. We’re all ready for some good news. Unfortunately, I can’t provide it here. That’s because executives on the front lines of Indiana business-those most tuned in to the twists and turns of the state’s economy-aren’t ready to call a turnaround yet. In second-quarter conference calls with analysts, the executives are trumpeting their firms’ ability to…

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Hat World shows sign of recovering from lackluster year

The locally based headwear retailer Hat World made a name for itself by snatching up competitors and opening hundreds of
stores around the country. However, after sluggish sales in the fiscal year that ended Feb. 2, the company–a
unit of Nashville, Tenn.-based Genesco Inc.–says it plans to open fewer stores than usual this year so
officials can put their focus back on existing operations.

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City to BW3: Not so fast

City planners are seeing red over the bright yellow facade at a new Buffalo Wild Wings under construction along Washington Street downtown. Turns…

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Popular Crawfords bakery closing

Crawfords Bakery & Deli is closing its retail bakery at 16th Street and Capital Avenue across from Methodist Hospital. The local company, established in 1981, will continue operating a 25,000-square-foot wholesale…

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Tower House proposal dead

A local accounting firm has bought the Grain Dealers Mutual Insurance building along Meridian Street for its headquarters after a local developer couldn’t…

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Marsh sues Roche over sublease deal

Two giants of local business are preparing to slug it out in court over a soured sublease deal. Marsh Supermarkets filed
suit in Hamilton County this month to enforce a deal with Swiss pharmaceutical and medical-equipment powerhouse
Roche to sublease the grocer’s entire 148,000-square-foot headquarters in Fishers. The deal, worth more
than $47 million over 18 years, is one of the largest of its kind in central Indiana in years.

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Mortgage industry under more scrutiny: Tougher rules don’t include yield-spread premiums

A housing crunch resulting from a flood of foreclosures has cast the spotlight on the deceptive practices that cause borrowers-particularly those with weak credit-to unknowingly pay more than necessary for a mortgage. The Federal Reserve earlier this month unanimously approved new lending rules in an attempt to tighten standards and prevent another such crisis. The changes will apply to all mortgage lenders and take effect Oct. 1, 2009. In the subprime category, a lender will have to assess a borrower’s…

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