Excluding the fourth floor, Circle Centre mall’s 11th full year of operation was a big success. Profit in 2006 increased nearly
18 percent to $9.3 million, according to an annual report filed with the city. But on the top floor, abandoned bar stools
have now collected four years of dust in the former home of a nightclub complex.
The questions these days among residents of Lakes at the Crossing, a quiet community of 77 condos tucked behind a strip center
and an office park along 86th Street at Keystone Avenue, are: Who will sell, and for how much?
The long-rumored move for Indianapolis law firm Bose McKinney & Evans is a done deal. The firm plans to take 111,000 square feet of space in Chase Tower, a big expansion over its current 80,000-square-foot space in First Indiana Plaza….
City officials gave developers a tight, two-month time frame to come up with a second round of proposals to redevelop the Market Square Arena site. The RFP was issued Feb. 21, and…
A Chicago-based furniture store is planning three new locations in Indianapolis. Harlem Furniture has 16 stores in Chicago and Northwest Indiana. The first central Indiana store, in Greenwood, replaces the old Frank’s…
OK, probably not. But you may be interested to know that local BP stations will be getting a new name soon. BP is selling 28 Indianapolis franchise locations, each of which will be…
As first reported in Property Lines on May 2, the owners of First Indiana Plaza are considering a sale of the struggling 31-story skyscraper. Who do you think will…
north of South Street between Meridian and Pennsylvania streets.
Plans are taking shape for a major hotel, residential and restaurant development across from Conseco Fieldhouse. South-side developer J. Greg Allen is proposing a project that would stretch from Maryland Street to…
South-side developer J. Greg Allen is pitching a massive project along Pennsylvania Street downtown that includes hotel towers–one
28 stories, the other 17–to be built on property now used mainly for surface parking.
A surge in the number of corporations seeking minority participation on contracts has prompted an alliance between two local law firms looking to capitalize on the trend. The June affiliation between Bingham McHale LLP, the city’s fifth-largest practice, and Coleman Graham & Stevenson LLC, a minority-owned upstart, resulted from mutual friendships within the two firms, said Toby McClamroch, Bingham McHale’s managing partner. “The marketplace is becoming more complex, and the business community is demanding and expecting a multicultural and diverse…
Taxes are always a consideration in investment decisionmaking. Investors need to be vigilant to changes in the tax code, because from year to year there may be changes that can affect the choices they make. And while there are some broad tax generalities, an individual’s tax profile is specific to that person. Navigating the tax code can be daunting. Yet with some tedious reading and a strong dose of common sense, investors can arrive at rational decisions. I have found…
the mood seems upbeat again at Marsh Supermarkets Inc., thanks to a chain-wide effort to upgrade stores and win back loyalty
from customers and employees. CEO Frank Lazaran said the chain has launched a campaign to remodel 70 percent of its grocery
stores within a year and rebrand every one of them.
Workers this morning cleared away the rubble from the old Herron School foundry building along 16th Street. It collapsed yesterday, possibly clearing the way for a deal that would provide…
Marion County will begin sending out property tax bills tomorrow, filling hundreds of mailboxes with bad news. Homeowners are bracing for higher bills thanks in large part to the state’s decision a…
The nonprofit volunteer organization that puts on the 500 Festival Parade and other events is moving its headquarters to an office building downtown. 500 Festival plans to move its operations to 21…
The new facade for One Indiana Square was unveiled shortly before this blog began, so we haven’t discussed it yet. Here’s your chance. The project to replace the storm-damaged facade has begun…
A new apartment and retail complex along the canal has won a 10-year tax abatement worth $2.7 million. The Cosmopolitan on the Canal project, by locally based Flaherty & Collins Properties, is…
