Sears departure stings mall
The decision by Sears Holding Co. to close its store at Lafayette Square Mall could deal a serious blow to efforts by a New York…
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Like a new skyscraper
The new curtain wall is almost done on the north and south faces of One Indiana Square. What do you think so far? (IBJ Photo/Robin Jerstad)
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BEHIND THE NEWS: Opportunities start to arise for steely nerved investors
“Be fearful when others are greedy and greedy only when others are fearful.” This philosophy, which Warren Buffett espoused to a group of Columbia University students when he was just 21, has served the billionaire investor well. And it may serve you well as you navigate the ugliest stock market in three decades. To be sure, the thrashing that stocks in Indiana and across the globe have weathered in recent weeks has been nearly across the board-savaging the shares of…
Real estate agents struggling from trickling home sales
The downturn in the housing market isn’t tough just on people trying to sell their homes. It’s also tough on the people
who want to help those people sell their homes–real estate agents. Locally, their ranks have thinned as
more and more leave the field to search for better prospects.
Another D’vine move; Siam Square
A popular northside wine bar will close at the end of October to move to a smaller space behind Castleton Square Mall. D’vine a wine bar moved from Woodfield Crossing…
Wings at last
The new Buffalo Wild Wings is on schedule to open on Oct. 19. They’re still waiting on “window boxes” that will feature artwork in the three windows on the left. Otherwise, do you like the new, toned-down look? (IBJ photo/Robin…
Hot Shotz takes over Bennigan’s
A closed Bennigan’s restaurant in Fishers is now home to Hot Shotz. The local restaurant’s previous location, near 96th Street and Gray Road, was destroyed in a fire on June 28. The new…
Credit mess puts Ralston on hold
A $60 million project slated for South Street between Meridian and Pennsylvania streets is on hold until credit markets return to some semblance of normal, the developer…
Around town retail roundup
Loads of retail news to report today:
UPDATE: The Taste of Tango restaurant may be back on track. A sign on the door says the restaurant is “coming soon” and “now hiring.” Old…
Cheering up the real estate crowd
Imagine being asked to speak to a crowd hit by the biggest downturn in its industry in decades, and motivate
them to get back out there and keep selling. Or try to sell.
Thatâ??s what Dan Lappin faces when he speaks…
M&I sign appears atop skyscraper
The first of four M&I Bank signs has finally taken its place atop the former First Indiana Plaza. Workers were installing one of the signs…
Advisers get more bullish on ETF option: SEC decision may lead to widespread appeal of mutual-fund alternative
ETFs have been available in the United States since 1993 and are an alternative to mutual funds that trade just like stocks. But a decision earlier this year from the U.S. Securities and Exchange Commission could broaden their appeal even more. An ETF is a “basket” of stocks that by itself trades on an exchange just like an individual stock. ETFs contain the assets of large or small companies, real estate investment trusts, international stocks, bonds and even gold. For…
Simon Property Group exploring overseas markets
Simon Property Group Inc. has been readying its balance sheet and sizing up buyout targets in hopes of capitalizing on
a worldwide markdown on shopping-center owners.
EYE ON THE PIE: Economic turmoil hinges on ignorance
What we don’t know does hurt us. Many builders constructed houses assuming there was a continuing strong market of qualified home buyers. Some mortgage brokers and some bankers gleefully ignored or misrepresented the abilities of home buyers to sustain homeownership. Too many home buyers did not bother to learn what their obligations as homeowners would be. They didn’t know about paying property taxes or how adjustable mortgage rates could escalate beyond their capabilities to meet their monthly payments. The companies…
VOICES FROM THE INDUSTRY: This Thanksgiving, start making plans for the future
Many of us will visit parents over Thanksgiving and the holiday might be just the time to have a hard-to-hold conversation about financial preparedness. While it can be a difficult conversation to have, its important for adult children to check in with aging parents to make sure they have a plan for retirement and estate needs. It is estimated that about 50 percent of American adults do not have a will, which can result in losing control of your financial…
Then & Now: The Dome
From architect Bob Hague: “I was a graduate architect just out of school responsible for building the study model, developing the construction documents and construction administration. Was involved in the project for 3 years. The rooftop tours are from 1983…
Burial in a ‘green’ cemetery
A funeral director is planning a â??greenâ?? cemetery west of Bloomington, where plots will be identified
by
small field stones tied to global-positioning coordinates rather than by traditional headstones.
Nathan Butlerâ??s Evergreen Forest Cemetery will look more like a natural landscape…
RIP, RCA Dome
Today is deflation day for the 24-year-old RCA Dome. Former Mayor Bill Hudnut is scheduled to begin letting the air out at 10:30 a.m. The stadium was built for $82 million…
Have we learned anything?
As Congress began debating a $700-billion bailout plan for institutions stung by loose lending practices, C.P. Morgan sent this e-mail last week:
And in a separate…
M&I Plaza, only 30-percent occupied, may sell at cut-rate price
A local real estate developer has emerged as a top contender to buy the 28-story M&I Plaza–potentially at half the
$50 million price the building fetched a decade ago. Paul Kite Co. confirmed it is in talks with Maryland-based
CapitalSource Inc., which took over the struggling office tower in June after foreclosing on a $5 million
mezzanine loan.