Condo building nears completion
Workers are putting finishing touches on the exterior of a new 17-unit condo building dubbed 707 East North on the eastern edge of downtown. The $20 million…
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Has housing hit bottom?
F.C. Tucker Co. put out a release today saying the Indianapolis-area housing market stabilized last year.
Somehow, a 9.9-percent decline in sales and 2.1-percent drop in selling price doesnâ??t sound so stable.
Tucker President Jim Litten points out that the region still…
Building’s new look takes shape
Tenants have begun moving into the former Zipper Building, now known as The Broadbent Building. Occupants will include real estate firm Broadbent Co. and Brazilian Steakhouse Fogo de Chão. What do you think of the new look? Read More
Who wants a piece?
A Michigan-based bakery and cafe concept plans to open as many as six new restaurants in Indianapolis, beginning with a location at U.S. 31 and Stop 11 Road. Grand Traverse…
Local name disappears from tower
Milwaukee-based M&I Bank didn’t waste any time erasing the First Indiana name from the 31-story tower where…
The demise of Damon’s Grill
The Indianapolis restaurateur who owns D’Vine Wine Bar and The Melting Pot has closed his two remaining Damon’s Grill locations, at Southport Road and I-65, and along State Road 37 in Martinsville. Bennet…
Real estate exec with lavish lifestyle accused of $160M fraud
A high-flying Carmel businessman who moved his base of operations to Miami a couple of years ago is accused of burning through
$160 million of investors’ money in the collapse of his real estate empire.
Few stocks avoid effect of housing, banking woes: Wall Street pessimism spreading across industries
Nineteen central Indiana companies have seen their stock prices fall more than one-quarter from the 52-week highs-a plunge that largely reflects pessimism over the strength of the economy. The pullback has hammered some of the top-performing Hoosier companies in recent years, including shopping mall owner Simon Property Group Inc. (off $46 a share, or 38 percent) and school operator ITT Educational Services Inc. (off $52, or 39 percent). Former highfliers often take the biggest tumble when investor sentiment turns bearish….
Nature Conservancy buys blighted industrial site
The Nature Conservancy has agreed to buy a blighted industrial property on the eastern edge of downtown to develop a new Indiana
headquarters. The $4.5 million project–which will revitalize or replace the former home of Nemec Heating & Supply Co. at
614 E. Ohio St.–should provide another boost to an area that has been bulking up on development, mainly residential.
Conservancy plans ‘green’ HQ
The Nature Conservancy has agreed to buy an old industrial property on the eastern edge of downtown to develop a new Indiana headquarters. The $4.5 million project will revitalize…
Mortgages are getting cheap
Mortgage rates are falling. This week, rates on 30-year mortgages slipped below 6 percent for the first time
in more than two years.
Are the cheaper rates putting you in a mood to refinance or step up to that house youâ??ve…
Updates on downtown projects
By popular demand, here are a few updates on new development projects: The Maxwell is coming out of the ground on schedule, but sales have been slow so far,…
More closings, some temporary
The Music Mill, a north-side restaurant, bar and concert venue, has temporarily closed its restaurant for a renovation. The box office remains open at the 82nd Street facility.
Seven nightclub in Broad Ripple…
Condos take shape atop building
Construction has begun on a project that will add 18 condos and four penthouses to the top of a historic four-story office building at 429 N. Pennsylvania St. The project, dubbed…
Financial Planning Titles: A list of acronyms after an adviser’s name might look impressive, but those seeking credible advice need to sort through designations
inancial F Planning Titles A list of acronyms after an adviser’s name might look impressive, but those seeking credible advice need to sort through designations Investing your money is overwhelming enough already-especially with all the available options-without having to fret over whether a financial adviser has the credentials to keep your retirement account afloat. Sure, there are a litany of fancy titles financial planners can earn that may help ease your concerns. But what do they really mean? With more…
Running Co. takes aim at sporting-goods giants
Retired Olympic distance runner Bob Kennedy and his business partner, Ashley Johnson, have expanded their Running Co. to four
stores. The most recent expansion is their boldest yet, pitting them against mall giants Dick’s Sporting Goods, The Finish
Line and Foot Locker for supremacy among south-side runners and walkers.
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,…
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.