Cory Schouten
Articles
Williams Realty founder pleads the Fifth in Ponzi case
A former Indianapolis developer accused of luring more than a dozen Hoosiers into a $900 million Ponzi scheme invoked the Fifth Amendment more than 850 times when questioned under oath in Florida.
E-mail marketer ExactTarget taking more downtown space
The company has inked a deal to take the entire seventh floor of the Century Building at 36 S. Pennsylvania St., and may take additional space on two other floors.
Redevelopment planned for prime Broad Ripple corner
A local real estate investor is trying to lure a new restaurant to a prime corner in Broad Ripple.
Kite lands new tenants for Fishers shopping center
Kite Realty Group Trust has landed Goodwill, Dollar Tree and Mexico City Grill for a renovation of its Fishers Station shopping center at the northeast corner of 116th Street and Allisonville Road in Fishers.
Summit breathing new life into 1909 downtown building
Summit Realty Group has begun restoration of its future headquarters, a 1909 building at the southeast corner of Pennsylvania and New York streets that has been vacant 10 years.
Estridge drops Westfield sports complex, still plans stadium
The Estridge Cos. has withdrawn a proposal to build a massive youth sports complex in its master-planned Symphony development in Westfield.
Another day, another delay for Emmis going-private vote
Emmis Communications CEO Jeff Smulyan delayed a shareholder vote Friday morning, for the eighth time overall and second time in 24 hours, on a proposed deal to take the company private.
Lauth revival hinges on judge approving settlement
The deal with financial backer Inland American Real Estate Trust would leave Lauth Group with fewer properties but a more manageable debt load.
Lauth affiliate reaches deal to exit bankruptcy
The once-mighty Indianapolis-based developer laid low by the credit crisis has reached a deal to retain control of most of its properties.
Local economic espionage case full of intrigue
The government's allegations read like a spy novel: Dr. Ke-xue "John" Huang lands a job at Indianapolis-based Dow AgroSciences and over five years works himself into a position of trust, with access to trade secrets and processes the company has invested $300 million to develop.
Family of woman killed by falling bottled-water pallets files suit
The estate of a woman killed when pallets of bottled water fell on her at a Kroger store in Franklin is suing the bottler,
suggesting a new eco-friendly bottle design may have contributed to the accident.
Groundbreaking nears for $4.5M apartment project
The 62-unit project called National Apartments on the Monon is the latest phase of the Martindale on the Monon redevelopment
project, which began in 2005. The developer is Indianapolis-based Development Concepts Inc.
City vendor may get $1.2B from parking-privatization deal
The pitch from Mayor Greg Ballard’s administration to privatize the city’s parking meters is compelling, but the proposal
to sell the meters to Dallas-based Affiliated Computer Services Inc. has the city giving up more in the long run than is immediately
apparent.
Apartment developer S.C. Bodner sued over accessibility
The National Fair Housing Alliance and two of its member groups allege that Bodner communities in eight states including Indiana violate accessibility requirements of the Fair Housing Act.
A half-century later, Indiana Landmarks returns to roots
Bankrolled by yet another multimillionaire, the historic preservation group is preparing to move into a new headquarters
in Old Centrum, a former church now undergoing a big renovation.
Penn Arts developer buys another historic Indy apartment building
A prolific developer of urban apartments has acquired another building near downtown and plans to turn it into an affordable
artists' community.
Closings roundup: Menards, Urban Element, Spa Chakra
Several restaurant and retail closings to report, including a big-box hardware store, a local restaurant chain and an upscale
spa.
Marsh taken off the market
The parent company of Marsh Supermarkets plans to continue investing in the local grocery chain after it failed to find a
buyer for the chain of roughly 100 stores. Half of those are in Indianapolis.
Popular toning shoes give big boost to The Finish Line
Despite controversy over whether they live up to their hype, so-called toning shoes—a category created from thin air
just a few years ago—are flying off store shelves nationwide and are on pace to ring up almost $1 billion in revenue
this year.