A new generation takes over Glick apartment empire
A new generation of company leadership is revving the Gene B. Glick Co. and building and buying apartment complexes again.
Cory Schouten
Articles
Few private firms survive to third generation
The Gene B. Glick Co. has managed to accomplish what few privately held family enterprises can—keeping the company alive
for
a third generation.
Back in the game-WEB ONLY
For almost 20 years, the Gene B. Glick Co. has been a sleeping giant. The state’s largest owner and manager of apartments spent much of the 1960s through the 1980s building a massive portfolio of apartment communities, mostly for low-income residents. The empire had grown to 100 properties and 18,000 total units across 10 states […]
Animation of Marriott Place
The developers of a new convention hotel complex plan to brand the four new hotels and existing Marriott Indianapolis as Marriott Place Indianapolis. The 2,200-room complex will be anchored by the 1,005-room, 34-story JW Marriott. All the hotels are slated…
Around town real estate roundup
New headquarters and museum planned: Workers are renovating space in Claypool Court for a new Drum Corps International headquarters and a museum for the Percussive Arts Society. The not-for-profit DCI plans to take…
Brokers revise plan for key lots
The owners of two vacant buildings and a fenced lot along Washington Street downtown aren’t giving up on redevelopment even after their plans for a…
Historic downtown building may be rescued.
Local developer Halakar Properties Inc. is seeking tax abatement to save an endangered property.
Noble Roman’s stands to lose more than it’s worth in legal action by former franchisees
More former franchisees have joined a lawsuit against Noble Roman’s Inc., raising the prospect that a courtroom loss could
sink the locally based pizza chain.
Incoming HHGregg CEO: ‘We need to stay humble’
Dennis May, 41, slated to take over as HHGregg CEO in August, vows to continue growing what is already the nation’s largest
regional electronics player.
Group wants to redevelop buildings, land near Circle
Uptown Realty Investors, owners of two vacant buildings and a fenced lot along Washington Street downtown, aren’t giving up
on redevelopment even after their plans for a $40 million mixed-use structure fell apart.
New life for Illinois Building?
A local developer is working on plans to save the vacant 10-story Illinois Building, considered in recent years as one of the state’s most endangered historic…
Big dough on line in lawsuit-WEB ONLY
More former franchisees have joined a lawsuit against Noble Roman’s Inc., raising the prospect that a courtroom loss could sink the locally based pizza chain. Fourteen franchisees of the Noble Roman’s Pizza and Tuscano’s Italian Style Subs chains now are seeking about $8 million-more than the firm’s total stock market value. They say the company […]
Brokers revise plan for key lots-WEB ONLY
The owners of two vacant buildings and a fenced lot along Washington Street downtown aren’t giving up on redevelopment even after their plans for a $40 million mixed-use structure fell apart. A group called Uptown Realty Investors led by brokers John Demaree and Bill Ehret is talking with potential restaurant tenants to anchor a new […]
Incoming HHGregg CEO: ‘We need to stay humble’-WEB ONLY
HHGregg Inc. had only 18 stores when Dennis L. May left the bankrupt Sun Television and Appliances chain in Ohio about 10 years ago to join the locally based company. Today, HHGregg has 108 stores and stands as a rare survivor in a crowded field of home technology retailers. And the closure of Circuit City […]
Illinois Building may be rescued-WEB ONLY
A 10-story downtown building that’s been vacant more than five years and labeled one of the state’s most endangered historic structures soon may see new life. Local developer Halakar Properties Inc. has put the Illinois Building under contract, and has been meeting with city officials about a tax abatement that could help return retail space […]
Apartment conversion for Maxwell
Sluggish condo sales have led developer Kosene & Kosene to consider turning its latest downtown project, The Maxwell, into apartments. The local company has moved its corporate…
Drugstore shuffle on 86th
A rough economy hasn’t calmed the grudge match between drugstore giants Walgreen Co. and CVS. Both stores are planning new locations at the busy intersection…
Feast on Indiana Live!
The $200-million Indiana Live! casino opened Friday night in Shelbyville. If the free-money giveaways around town, faux Obama commercials and the buzz around a promised ribbon-cutting appearance…
Cosmopolitan a total loss?
The remains of the Cosmopolitan on the Canal project continued to smolder today as a small crew of firefighters worked to put out remaining hot spots. They were using a crane to demolish a portion of the building’s remaining facade…
Steak n Shake specials boosting business-WEB ONLY
A raft of special offers, including meals under $4, a daily milkshake “happy hour” and a $2.89 Steakburger snack-pack apparently are paying dividends for Indianapolis-based The Steak n Shake Co. The 490-store chain today reported its customer traffic so far this quarter is up 6.2 percent and same-store sales have jumped 1.8 percent. The jump […]