It will be at least another week before the city’s Metropolitan Development Commission decides whether to allow a crematorium to be built near the corner of Allisonville Road and 82nd Street. The commission was supposed to decide Feb. 4 whether the Harry W. Moore Funeral Care center could construct a one-story, 1,600-square-foot crematory on the […]
A prominent Meridian-Kessler building at the corner of 49th and Pennsylvania streets has a new owner nearly a year-and-a-half after it first went up for sale. A group of local investors, led by Bryan Chandler of Eclipse Real Estate and Greg Rankin and John Bales of Venture Cos., purchased the 12,000-square-foot Hamaker Corner building in […]
The City of Anderson recently sold one of three former General Motors plants, and officials say they’re optimistic that they’ll soon find buyers for the remaining two sites, despite the sluggish economy. “Anderson hit bottom a long time ago,” said Diana Priser, the city’s deputy director of economic development. “We’re on our way back up.” […]
The supply of new and existing homes for sale in the Indianapolis region is falling, according to the latest statistics compiled by the F.C. Tucker Co., raising hopes that the market is finding a healthier balance between supply and demand. The statistics showed a 14.3 percent decline in residential home inventory in December. While there […]
A new report shows that, despite a sluggish national economy, the Indianapolis area should continue to attract industrial
businesses and distribution centers next year.
Some of the city’s most prominent commercial real estate brokers have resigned from locally owned Meridian Real Estate to
launch an Indianapolis affiliate of Chicago-based Jones Lang LaSalle.
With credit tight and the economy shaky, homeowners around the region are increasingly choosing to sell their properties on
a lease-to-own basis.
The demise of apparel retailer Steve and Barry’s University Sportswear deals another blow to efforts to turn around the ailing
Lafayette Square Mall.
The locally based headwear retailer Hat World made a name for itself by snatching up competitors and opening hundreds of
stores around the country. However, after sluggish sales in the fiscal year that ended Feb. 2, the company–a
unit of Nashville, Tenn.-based Genesco Inc.–says it plans to open fewer stores than usual this year so
officials can put their focus back on existing operations.
At a time when Starbucks is closing hundreds of stores nationwide, he and other local independent coffeehouse owners say they’re doing just fine, largely because they’re infusing their stores with personality and offering consumers an experience chain stores can’t replicate.
Indianapolis-Marion County Public Library officials last night voted 7-0 to pick Buckingham Cos. to redevelop the Ambassador apartment building adjacent to Central Library downtown. The Indianapolis property management also was awarded two other nearby properties. Renovations could begin by the end of September or early October, said Andy Klineman, Buckingham’s senior legal counsel. “It’s just […]
Danny Hutson jumps down from the cab of his truck, grabs a giant yellow and black hose, and gets ready to deal with a familiar
smell: human waste and disinfectant. It’s all part of the job for Hutson, who cleans as many as 45 portable toilets a day
for Aardvark Tidy Toilets, a division of Indianapolis-based Gridlock Traffic Systems Inc.
Appliance retailer HHGregg is facing allegations that it improperly installed dryer vents in potentially thousands of consumers’ homes, despite warnings that such vents could cause fires or other safety hazards. A lawsuit filed in U.S. District Court claims the Indianapolis-based retailer installed plastic or foil “slinky” vents, even though many dryer manufacturers specifically call for heavy metal ducts to be used. The suit asks that HHGregg replace the improper vents and pay an unspecified amount in fees and damages. “Our…
Indianapolis-Marion County Public Library board members couldn’t reach a consensus last night on who should get rights to develop two library-owned properties adjacent to its flagship downtown branch. The library’s Board of Trustees met for more than two hours to discuss plans to redevelop the vacant Ambassador apartment building and property the library owns at […]
The 119-year-old Columbia Club downtown is offering corporate discounts for the first time in an effort to boost revenue and
curb declining memberships. Previously, the Monument Circle institution sold memberships only on an individual basis. Under
the new plan, corporations will receive a significant discount, on a sliding scale, if five or more employees join.
Indianapolis-Marion County Public Library officials yesterday said they need more time to make a recommendation on who should redevelop two library-owned properties adjacent to its flagship downtown branch. Library officials have been reviewing three proposals for both the Ambassador apartment building and property the library owns at 815 and 817 N. Pennsylvania St., now home […]
Two high-profile property developers are squaring off for the rights to transform a six-story apartment complex adjacent to
the Central Library downtown. Van Rooy Properties and Buckingham Cos. both submitted proposals to redevelop the Ambassador
apartments at 39 E. Ninth St., just north of the library.
Philip Boberschmidt of the downtown law firm of Boberschmidt and Powers has
been appointed trustee to oversee liquidation of Premier Properties USA – a task that begins today.
A locally based property management firm is struggling to find a buyer for its downtown apartment complexes, even as the city’s
rental market continues to thrive. The privately owned Zender Family Limited Partnership, which was founded 38 years ago,
placed its 18-property apartment portfolio up for sale in November.
A judge reclassified the bankruptcy status of Premier Properties USA today,
clearing the way for a U.S. trustee to take hold of the company and begin selling its assets.
