Rink-Savoy honored
A $7.4-million renovation of the Rink-Savoy apartment building downtown (shown here) has won first place in a competition that honors the best in developments that utilize low income housing tax…
A bankruptcy trustee is planning an auction of Premier Properties USA Inc.’s
remaining office furniture while struggling to get a handle on what other assets remain for the defunct developer.
The developers of downtown’s Villagio at Page Pointe are hoping city officials will waive development standards so condo owners can cool off in a new pool next door to…
Two local developers have submitted bids to redevelop the Ambassador apartments adjacent to the Central Library. Van Rooy and Buckingham both proposed mixed uses for the Ambassador building, with street-level retail and commercial…
It’s time for a gut check on sentiment. In the stock market, sentiment is a contrary indicator, meaning that if everyone thinks the same thing (such as oil is going to $200 a barrel soon), your safer bet is to go the other way. Wall Street history is loaded with juicy examples of this theory at work. One of my favorites is Time magazine’s making Jeff Bezos, the CEO of Amazon, Man of the Year in 1999, right before the…
Two high-profile property developers are squaring off for the rights to transform a six-story apartment complex adjacent to
the Central Library downtown. Van Rooy Properties and Buckingham Cos. both submitted proposals to redevelop the Ambassador
apartments at 39 E. Ninth St., just north of the library.
The Malibus and Impalas disappeared from Payton Wells Chevrolet more than 18 months ago, but the controversy over the defunct
dealership at 1510 N. Meridian St. is far from being in the rearview mirror for some of the city’s top businesspeople and
developers. A court battle over the dealership’s properties could determine when and how the roughly six acres of prime land
are redeveloped.
The Capital Improvement Board likely will buy one-story building across the street from the new Lucas Oil Stadium. The board has an option to purchase the Easterday property, which it has been…
Check out this new rendering of the visitor center for the $25 million Virginia B. Fairbank’s Art & Nature Park at the Indianapolis Museum of Art. Check out more images and…
The Metropolitan Development Commission approved a $15-million Broad Ripple redevelopment project by a 9-0 vote this afternoon, disagreeing with a handful of vocal remonstrators. In siding with the developer,…
Also noted:Indiana’s lone Sharper Image store at the Fashion Mall at Keystone will close for good in the next few weeks. The bankrupt electronics chain is closing all 86 stores. But if you plan on shopping, take note: Sharper Image…
A couple of development projects that would include tax abatements are up for hearings Wednesday at the Metropolitan Development Commission:
Community Hospital of Indiana Inc. plans to spend $3.7 million updating and expanding…
A new electronic casino opens for business at Hoosier Park in Anderson today, and another at Indiana Downs in Shelbyville is set to open next week. The…
Philip Boberschmidt of the downtown law firm of Boberschmidt and Powers has
been appointed trustee to oversee liquidation of Premier Properties USA – a task that begins today.
Indiana University and the city of Bloomington are at odds over how best to commercialize the university’s discoveries–or,
more specifically, where to commercialize them.
A locally based property management firm is struggling to find a buyer for its downtown apartment complexes, even as the city’s
rental market continues to thrive. The privately owned Zender Family Limited Partnership, which was founded 38 years ago,
placed its 18-property apartment portfolio up for sale in November.
Please, Chairman, forgive me, for I have sinned and I herewith repent. Please Chairman Bernanke, hear my prayers. Please give me only one more housing bubble and I will forever honor you with the restraint you desire. I have succumbed to the seven deadly sins of investing and I herewith vow never again to do so, so long as you let interest rates continue to fall. I have been weak in seven ways: Hubris. Yes, it is true. I believed…
A judge reclassified the bankruptcy status of Premier Properties USA today,
clearing the way for a U.S. trustee to take hold of the company and begin selling its assets.
Top-name Indianapolis restaurants including Shapiro’s Deli, Harry & Izzy’s, Scholar’s Inn and Slippery Noodle Inn could land restaurants at the new…
I’ve got a couple of downtown restaurant nuggets. But first, mark your calendars: The summer edition of Devour Downtown starts Monday. Enjoy a special $30 menu at many of downtown’s top eateries for two weeks. Bon appetit!
