Get out your checkbooks
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…
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north of South Street between Meridian and Pennsylvania streets.
Developer envisions Penn Centre
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…
Downtown hotel towers in works
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.
Law firms team up to encourage minority participation: Bingham McHale forms alliance with Coleman Graham & Stevenson
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…
BULLS & BEARS: Answers to tax questions are sometimes surprising
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…
Marsh spending remodeling, renaming 105 stores
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.
Update: Foundry collapse
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…
Property tax moment of truth
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…
500 Festival moving downtown
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…
Thoughts on skyscraper’s new look?
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…
Canal complex wins city incentives
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…
New look for convention center
Locally based Ratio Architects this afternoon unveiled final plans for a 420,000-square-foot expansion of the Indiana Convention Center. It includes 254,000 square feet of additional exhibit space, 63,000…
Food news: Mexican, Cuban coming
Deals are in the works for two new restaurants downtown: a Mexican joint and a Cuban joint. Adobo Grill is expected to complete a deal this week to take about 6,000 square feet…
Walsingham parking hurdle cleared?
For about two years, a lack of parking has delayed a condo conversion at the historic Walsingham Apartments (pictured here, courtesy of Indiana Historical Society) at Delaware and 16th streets. But now, an…
EYE ON THE PIE: Here’s government behavior at its best
At last, the professional basketball season is over. At last, the saga of the Sopranos is ended. The Cubs, the Cards, the White Sox and the Reds are in their usual states of disgrace. Our governor has announced his candidacy for reelection. There seem to be no surprises in our world. How normal are things? Consider this: Indiana and Illinois have agreed on reciprocal discounts for motorists on their toll roads. If you live in DeKalb County, Indiana, and visit…
Finish Line’s buy praised, panned
Athletic retailer The Finish Line Inc. had cultivated a reputation for conservative play calling, keeping clean books with
minimal debt. Then on June 18, the Indianapolis-based retailer called a surprise audible. The $1.3 billion company agreed
to acquire Nashville, Tenn.-based Genesco Inc. for $1.5 billion.
‘Find your niche ‘:
His goal was to provide the proverbial one-stop shop, a place where “honey do” lists got done. Before long, he realized he may not have been aiming high enough. It seemed homeowners with not-so-handy honeys weren’t the only customers interested in what Schneller was selling. He also got calls from real estate agents who needed some last-minute home repairs completed before a sale could close. “They came to us with a laundry list of items,” Schneller said, ticking off an…