Articles

Marsh to anchor massive new downtown development

A local developer plans to build a Marsh grocery store and hundreds of apartments in an $85 million project that would replace a block and a half of surface parking lots in the northwest quadrant of downtown.

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Officials steered lease deal to Bales

State officials in 2005 vowed to run a competitive process to select a private firm to handle real estate leasing for public agencies, but a 20-page request for services to more than 400 potential bidders was a sham, according to three people with knowledge of the process.

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Grand jury indicts local real estate broker Bales

A grand jury in South Bend has returned a 14-count criminal indictment against Indianapolis real estate broker John M. Bales and two associates over a state lease deal in Elkhart that was first revealed as part of an IBJ investigation.

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Developer plans 26-story tower along canal

Valparaiso-based Investment Property Advisors wants to build an $83 million apartment project for college students on one of the last available parcels along downtown’s Central Canal.

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Rolls-Royce tax-incentives deal set for hearing

A plan to offer a 10-year tax abatement worth $23 million for Rolls-Royce Corp. to redevelop two plants on the west side and move thousands of office workers into downtown’s Faris campus is scheduled for an initial hearing Wednesday.

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