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RETURN ON TECHNOLOGY: Beware: e-mail is bastion of many security lapses

Tell the truth-you’ve “Googled” yourself, haven’t you? All of us have, or at least we should. It’s interesting for me to do it for myself, because I’ve been an Internet denizen since before the Web was woven, when all most of us did was exchange e-mails. What chills me sometimes is how far back the Google results for my name can go, clear into the mid-1990s in some cases. The ‘Net never forgets anything. If you have doubts about that,…

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National City Center nabs Veolia

Paris-based utilities giant Veolia Water has reached a deal to move its North American headquarters into the 16-story National
City Center, providing a boost to a downtown building still reeling from the loss of Simon Property Group Inc.

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Going out of business

Several stores are calling it quits at local malls. The highest profile is the Macy’s at Washington Square. Other closings include Gap stores, a Limited Too and The Walking Co. Have…

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Yats, Aldi and another steakhouse

Montana Mike’s, a Kansas-based steakhouse chain, hopes to claim Indianapolis as a lucrative new market. The chain wants to open in Greenwood first, said Madison Jobs, Montana Mike’s vice president of franchise…

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Residential real estate market follows nation into slump

For most of this decade, the Indianapolis residential real estate market enjoyed a good run. But in 2007 it muddled through
the doldrums just like the rest of the country, and builders pulled out all the stops to avoid getting stuck with inventory.

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Developers have new plans for corner

The retail juggernaut at 86th Street and Keystone Avenue could get even stronger in the next several years. Locally based
Premier Properties USA Inc. revealed plans in 2007 for a $750 million redevelopment of a prime corner near The Fashion Mall
at Keystone.

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ECONOMIC ANALYSIS: Indiana’s economy: The fundamentals are in place

Predicting the size and scope of economic activity for the nation, state and region is one of the more important roles played by university economists. But 2008 is the kind of year that really tests economic forecasting. The Bureau of Business Research just released its forecasts for Indiana and two regional labor markets. In total, we examined eight different data series and have stressed the performance of net employment and wages. Our forecast is fairly optimistic. We predict job growth…

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BARcelona could close

A manager at the downtown tapas restaurant tells Property Lines the operation is in trouble and could soon close. Owner Frank Schmitz, of St. Louis, recently bought out his partner in the…

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Finale underway for Piano Merchant

The Piano Merchant is closing after almost 22 years in business at the corner of 54th Street and College Avenue. One of the three partners is ill and another…

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INVESTING: Holding tight right now might wallop portfolio

While the seasons are a lot more predictable than the stock market, the market does go through climatic changes that investors should adjust to. In late September, after the market had been rallying for about six weeks off the August low, I mentioned it would be a good idea to reduce equity to around 40 -cent to 50 percent. In the middle of November, I wrote that it might be smart to reduce that level even more. If you’re still…

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Bar & Grill replacing trophy shop

Brothers Bar & Grill, a small Wisconsin-based chain, has filed plans to replace Broad Ripple Trophy Center at one of the neighborhood’s most prominent corners, said Senior Planner Bryan…

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Sexy & Intimate and Scotty’s

A couple of restaurant updates: The owners of downtown’s Scholar’s Inn, Lyle & Kerry Feigenbaum, plan to close the restaurant on Jan. 1 for a month-long remodeling project. They plan to…

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New JW design unveiled

Plans for a 1,000-room JW Marriott convention hotel now envision a taller building, with a whole new look and a larger pricetag. The hotel would be 34 stories, up from 29, and the project would cost $425 million, up from…

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City may lift Pan Am covenant

Indiana Sports Corp. has asked the city to reduce the portion of Pan Am Plaza included in a covenant that restricts development. If approved, the updated covenant would cover only 10,000 square feet,…

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Premier plows forward on Venu

A new site plan for the $750-million Venu project shows four anchor tenants: Whole Foods; Barnes & Noble; Arhaus, an upscale furniture retailer; and REI, an outdoor-gear superstore that would be new to…

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BEHIND THE NEWS: Simon’s Arizona flop highlights perils of housing sector

No wonder investors are jittery. The housing slump is stinging companies of all stripes these days, even those that would seem to be safe havens. A case in point: mall developer Simon Property Group Inc., which surprised investors this month by announcing it was taking a $26 million charge to write off its entire investment in what was to become a huge Arizona housing development. “Frankly, we had forgotten they had this Arizona thing,” said Lou Taylor, an analyst with…

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