Circle Centre anchor struggles
The parent company of Circle Centre Mall anchor Carson Pirie Scott has joined a growing list of retailers struggling to stay afloat after disappointing fourth-quarter sales. About half…
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Is mall’s sign a billboard?
The city waived several zoning requirements in allowing Simon Property Group to install a giant electronic sign at the entrance to Castleton Square Mall. The electronic portion of…
Latest real estate headlines
It’s a busy week for real estate news. Here are a few headlines:
Circuit City closes Clay Terrace store
Carmel’s high-end lifestyle center Clay Terrace has an empty big box. Virginia-based Circuit…
Affordable housing…again
Indianapolis is now the most affordable large market in which to buy a house 10 quarters running.
Thatâ??s according to an index the National Association of Home Builders and Wells Fargo put out this afternoon.
In the past quarter, 46.6 percent…
Wheeler staying put downtown
Wheeler Mission Ministries has no plans to sell its prime downtown real estate, despite financial troubles that have led the not-for-profit to close its eastside operation. Wheeler said it plans…
Preston’s Rocks no more
Wondering what happened to all those Preston’s Rocks commercials and billboards? After three years in business, local jeweler Reis-Nichols has given up on the spinoff, all-diamond concept. The store, in…
Former Colt behind condo project
The developers of a new condo project just east of I-65/70 are hoping to capitalize on stunning skyline views and an upcoming reconfiguration of the Ohio Street Interstate ramp. The project, dubbed CityView,…
Lockerbie mansion ‘off the hook’
Locally based Sparks Restorations has spent more than $1.5 million to buy and renovate an Italianate mansion in Lockerbie that was built in 1876. The mansion is now two giant…
Tiny town getting huge project
Locally based Mann Properties and Illinois-based Opus North are putting together plans for 1.5 million square feet of industrial and office space along Interstate 69 in Madison County. The 140-acre development, in…
Trustee eyes $9M development
Plans are taking shape for a $9-million, four-story building that would replace a one-story, township-owned structure at 875 Mass Ave. Center Township Trustee Carl Drummer plans to lease the property to Riley Area…
Four score and a canal conundrum
A community group is calling on state and local government officials to preserve a one-acre lot along the Central Canal as Lincoln Park in honor of the former president. The narrow strip…
Trustee inches toward redeveloping property portfolio
Center Township Trustee Carl Drummer and his predecessors have stockpiled more than money over the years. The trustee’s office
also holds a portfolio of mostly undeveloped properties worth at least $10 million. Several key parcels have been on the trustee’s
books-and off the tax rolls-for decades. Drummer has made some progress in finding uses for the properties since an IBJ special
report first questioned his holdings in November 2006. But it would have to be measured in inches. The most…
Commentary: A story we all should heed
Last month, Brightpoint Inc. Chairman and CEO Bob Laikin was honored with Indiana University’s Distinguished Entrepreneurs-In-Residence Award. If the selection committee was looking for an executive with pluck, it chose well. The IU Kelley School of Business hosts the Distinguished Entrepreneurs-In-Residence program to inspire students and help them learn about the challenges of starting or expanding an emerging business. Laikin’s tumultuous and exciting journey left the students as dizzy as a day-long ride on the Kings Island Beast. Laikin founded…
Winona trustee still fighting hospital creditors, ex-owner
Paul Gresk, the bankruptcy trustee overseeing the liquidation of Winona Memorial Hospital, is pushing for a showdown in court
to prove his claims that Winona’s former owner, Leland Medical Centers Inc., illegally transferred more than $4 million out
of Winona.
Law firms making green push: Environmental teams provide marketing boost
The next generation of environmental law is coming to a firm near you. Many law firms have existing practices that counsel clients on the complexities of complying with air and water permits or cleaning up contaminated properties. But now that the corporate sector is embracing “green” initiatives quicker than Al Gore accumulates carbon credits, environmental law is becoming as sexy as, say, intellectual property. Two of the city’s largest firms-Ice Miller LLP and Baker & Daniels LLP-recently unveiled so-called “green”…
A smorgasbord of topics
Workers are installing Flagstar Bank signs on the One North Penn building this week, including a sign atop the 13-story building. What do you think of the sign and…
Retail roundup features new arrivals
Not all news is bad for retail. A few stores are planning their first Indianapolis locations, while others are expanding. By popular demand, here’s the Around Town Retail Roundup:
Zumiez, an action-sports retailer, has…
Greenwood Value City closing
Value City will have two remaining Indianapolis locations, at 6002 E. 38th St. and 5110 Pike Plaza Rd.
New developments coming soon
Seen one of these signs? There are plenty around town. Here are a few notable projects slated for Metropolitan Development Commission hearings: Locally based Herman & Kittle Properties Inc. is proposing…
Veterans group moving downtown
The Hoosier Veterans Assistance Foundation is renovating a two-story building near the Central Library to serve as its new headquarters. The not-for-profit group, which now is located at the former…