Cory Schouten
Articles
Lenders battling Broadbent legal strategy
Developer George P. Broadbent sold The Broadbent Co. to his wife for $50,000 in March 2010 as he faced a barrage of lawsuits threatening his control over the real estate company he co-founded in 1972. He has also transferred several properties to her.
Developer launches $19M apartment project in Carmel
Locally based J.C. Hart Co. has broken ground on a $19 million apartment community at the northeast corner of 116th Street and College Avenue in the Carmel Performing Arts District.
City mum on economics of $15M parking garage
City officials and the developer of a proposed parking garage in Broad Ripple have refused to share financial projections for the project, describing the documents as a “trade secret” exempt from public disclosure.
Revamped M&I Plaza lands King David, Side Street Deli
The main entrance to downtown's M&I Plaza is getting a $1 million makeover as the 28-story building prepares to welcome two new restaurant tenants.
Home builders close after alleged embezzlement scheme
Two prominent area home builders have ceased operations after owner J. Greg Allen filed suit against two longtime executives, alleging they've been stealing from the companies for years.
Chambers quietly built Buckingham into real estate colossus
The North of South mixed-use project in downtown Indianapolis is just the latest development for Brad Chambers, who started out in the landscaping business.
More changes coming to Star in wake of layoffs
A deep round of layoffs at The Indianapolis Star is only the beginning of a major restructuring of the company's news operations, Publisher Karen Crotchfelt told IBJ in an interview Wednesday.
Indianapolis Star lays off 62 in cost-saving purge
The Indianapolis Star on Tuesday laid off 62 employees including more than 15 percent of its newsroom staff in the latest round of cost-cutting by Gannett Co. Inc., the newspaper's parent company.
Closing: Flower Factory, Frankey’s, McVan’s
Several notable departures including Flower Factory and Frankey’s lead off the latest retail real estate roundup.
$100M ‘Bridges’ project in Carmel wins approval
A proposal for a roughly $100 million mix of retail, office and apartments along Springmill Road south of 116th Street was OK’d Monday night by the Carmel City Council after numerous concessions.
Developer puts Cosmopolitan complex on block
The Cosmopolitan on the Canal, a 218-unit upscale apartment complex in downtown Indianapolis that cost more than $33 million to build, has been put on the market by Flaherty & Collins Properties.
Receiver to manage assets of Fishers money manager
A receiver will take control of assets held by Samex Capital CEO Keenan R. Hauke, a prominent Fishers money manager accused by state officials of violating securities laws.
Judge whacks claim that games infringe on Dillinger name
A federal judge has shot down a lawsuit brought by heirs of notorious bank robber John Dillinger over the depiction of the Dillinger name in video games based on the classic movie "The Godfather."
Well-located Carmel retail center plagued by vacancies
Merchants’ Square shopping center, built in 1970 as the enclosed Keystone Square Mall and redeveloped into an open-air center and renamed in the mid-1990s, is riddled with vacancies and bracing for another high-profile departure, despite its prime location.
City kicking in $5M toward reuse plan for Bush Stadium
City officials are sharing new details of a plan to redevelop Bush Stadium into more than 250 apartment units, while preserving the stadium's façade.
Rendering: Parking garage and retail for Broad Ripple
The city is kicking in $6.35 million for a $15 million Broad Ripple parking garage with first floor retail space and a police substation.
IHOP adding new restaurants
The IHOP restaurant chain is trying to regain a foothold in central Indiana with two new locations under construction and at least three more in the works.
Arizona project bankrupts local developer Bodner
Bruce Bodner, a quiet but prolific local developer who in the late 1990s bought and revitalized two of downtown’s most recognizable buildings, has filed for bankruptcy after making a doomed bet in Arizona.
Real estate deals picking up around Fashion Mall
Owners of the Sheraton Indianapolis are converting one of its towers into luxury apartments, and developers are vying to replace the vacant Woodfield Centre.