Development firm Sandor leaving midtown for Carmel
Strip-center owner and developer Sandor Development Co. is moving its headquarters to Hamilton County after almost 50 years
in Indianapolis.
Cory Schouten
Articles
Senator backs down on bill altering historic-district rules
Sen. Patricia Miller will put on hold a bill that would have have stripped the Indianapolis Historic Preservation
Commission
of much of its authority. The bill was
prompted by incidents including a dispute over St. John United Church of Christ.
Law firm adds Old Northside mansion to its campus
The law firm Plews Shadley Racher & Braun LLP has spent more than $1 million to add the 1871 Eden-Talbott house to its
campus in the Old Northside Historic District.
Up for sale: Depression-era former post office in Franklin
The City of Franklin is offering two vacant buildings for sale, including the 1936 post office that served as Franklin’s City
Hall from the early 1980s until 2008.
Up for sale: Depression-era former post office in Franklin
The City of Franklin is offering two vacant buildings for sale, including the 1936 post office that served as Franklin’s City
Hall from the early 1980s until 2008.
UPDATE: Steak n Shake confirms new corporate HQ
The Steak n Shake Co. updated its Web site this week to reflect a new corporate headquarters address in San Antonio, confirming
a story in IBJ‘s Feb. 8 print edition.
Roundup: People bakery replaces former dog bakery
Check out a roundup of restaurant and retail news, including a new bakery in Irvington, a replacement for a Starbucks in Indianapolis
and a new pizza joint in Franklin.
Steak n Shake changing its name, moving HQ to Texas
Indianapolis is on the verge of losing one of its most prominent public companies. The Steak n Shake Co. is planning to
change its name to Biglari Holdings Inc. and move its headquarters to San Antonio. The Steak n Shake restaurant chain would retain a presence in Indianapolis.
Board votes to protect historic German church
The Metropolitan Development Commission has approved an emergency motion to protect a 1914 church at the northeast corner
of Washington Street and German Church Road.
Emerson Heights wins historic designation
Emerson Heights, a streetcar suburb just west of Irvington, has been added to the State Historic Register and will be considered
for inclusion on the National Register of Historic Places.
Apartment developer investing $100M in Hamilton projects
Carmel-based developer J.C. Hart Co. is making a $100 million bet that luxury apartment communities will continue to thrive
in Hamilton
County, particularly along 146th Street.
Investor buys vacant Castleton-area hotel
A vacant former Country Inn & Suites along Interstate 69 just north of I-465 is getting a new owner with plans to reopen
the 85-room property in the Spring.
Precedent lands two big deals for Greenwood industrial park
Locally based The Precedent Cos. in recent months has landed build-to-suit deals for locally based Mays Chemical Co. and Elona
Biotechnologies Inc.
Duke Realty reports loss, says outlook remains ‘challenging’
Locally based Duke Realty Corp. reported a 53 percent drop in funds from operations in the fourth quarter but still managed
to beat Wall Street expectations.
Independent Carmel bookstore closing
An independent book shop specializing in mystery and suspense novels is closing after a seven-year run in Carmel.
Simon Property Group enters dispute over founder’s fortune
Simon Property Group Inc. is suing Bren Simon, the widow of company founder Melvin Simon, over her effort to convert part
of her late husband’s ownership stake in the publicly traded mall giant into common shares or cash.
Affordable-housing group goes on apartment-buying binge
Partners in Housing Development seized on a weak real estate market to acquire three urban apartment communities in the last
18 months.
Finish Line forfeits incentive deal
Mall retailer The Finish Line Inc. has agreed to forfeit a potentially lucrative tax-abatement deal because it won’t be able
to meet a 2008 promise to create almost 200 jobs and invest $24 million at its Indianapolis headquarters.
Outlook remains grim for commercial real estate
Expect another year of rising vacancies, declining property values and distressed sales in the central Indiana commercial
real estate
market. That’s the message from Colliers Turley Martin Tucker in its annual State of Real Estate report.
F.C. Tucker predicts modest rally for residential market
Central Indiana’s housing market is on track to notch gains in the number of homes sold and the average sales price in 2010.