Payton Wells auction set
An auction date has been set for three parcels near Meridian and 16th streets that housed the Payton Wells car dealership. The properties are 2.5 acres with a 50,000-square-foot…
Cory Schouten
Articles
Move over Danica
There could be as many as four women drivers in this year’s Indy Racing League season. Danica Patrick and Sarah Fisher already have signed deals to race this year. Yesterday, Venezuelan Milka Duno…
Fabric, French food and fillings
Today’s collection of retail and restaurant nuggets are brought to you by the letter F.
Eastside institution closing
Circle Fabric, a staple at 30th Street and Shadeland Avenue for more…
Lilly puts name on tennis title
The local stop on the ATP Tour now will be known as The Indianapolis Tennis Championships Presented By Lilly. Eli Lilly-which will use the tournament to promote specific drugs such as Humalog…
Tennis event gets title sponsor
Despite rumors-and a report in this space yesterday-that WellPoint will be announced as a title sponsor of the Indianapolis Tennis Championships today, WellPoint and tournament officials say that’s not the case.
Officials for the Indianapolis Tennis Championships, formerly the RCA Championships,…
BW3 returning to downtown
Buffalo Wild Wings hopes to be back downtown by summer. The restaurant chain plans to take about 6,800 square feet next door to Borders at the southeast corner of Meridian…
NFL Combine, Ice smash records
It was a big weekend in Indianapolis. A record 420 credentialed media poured into town to report on the NFL Scouting Combine at the RCA Dome, while a 2007-08 league-high 12,575 fans…
Right time for REITs?: Some predict beaten-down sector is ready for another winning streak
For seven years, real estate investment trusts delivered returns that clobbered the overall stock market. Then, last year, the winning streak came to an end. Between January 2007 and January 2008, REITs as a whole lost 24 percent of their value. An index of the companies took a bigger hit than most every other sector. Among local REITs, Duke Realty Corp. was the hardest hit, with its stock price falling 44 percent, from about $41 to $23, during the one-year…
Kite lands in hot retail spot
Another high-profile local developer is making a move to capitalize on the city’s hottest retail corridor, joining mall giant
Simon Property Group Inc. and upstart Premier Properties USA Inc. Kite Realty Group Trust paid $18.3 million for Rivers Edge
shopping center, a 111,000-square-foot property just east of Clearwater Crossing.
IU donors could stage own boycott
The situation at Indiana University is so bad, several former athletes and big-time donors are calling for Athletic Director Rick Greenspan’s termination. Some think financial support to the school will be hurt if the situation regarding the men’s basketball program…
What’s old is new again
On this nasty Friday, I’ve got a few updates on previous posts. Hope everyone has a nice weekend. Here goes:
What was Flagstar thinking?
Flagstar Bank has added yet…
IU players threaten boycott
CBS Sports this morning is reporting that Indiana University men’s basketball players are threatening to boycott the remainder of the season if coach Kelvin Sampson is forced out. Quoting unidentified sources, CBS Sports reported that players and IU Athletic Director…
Circle Centre anchor struggles
The parent company of Circle Centre Mall anchor Carson Pirie Scott has joined a growing list of retailers struggling to stay afloat after disappointing fourth-quarter sales. About half…
Colts change strategy with Clark
Indianapolis Colts tight end Dallas Clark is getting a raise. A big one. Two years ago, Clark was making $650,000. With the six-year contract Clark inked yesterday, he now figures to make $6 million plus per year. That doesn’t approach…
At last, open-wheel unity!
UPDATE (Feb. 22): Owners of Champ Car and the Indy Racing League completed an agreement in principle today that will unify the sport for 2008, said a statement released at 4:40 p.m. by the Indy Racing League. Several Champ Car…
Is mall’s sign a billboard?
The city waived several zoning requirements in allowing Simon Property Group to install a giant electronic sign at the entrance to Castleton Square Mall. The electronic portion of…
NFL Combine happy in Indy
With all that’s happening on the local sports scene, it’s easy to forget about the NFL Scouting Combine, which begins today in the RCA Dome. The Combine, which was first held in Indianapolis in 1987, is an event that has…
Danica look-alikes at LaGuardia
AirTran Airways, a sponsor of Danica Patrick’s, recently announced that passengers at LaGuardia Airport in New York will have the privilege of their own personal pit crew to get through check-in fast, thanks to a hustling team of Danica Patrick…
Latest real estate headlines
It’s a busy week for real estate news. Here are a few headlines:
Circuit City closes Clay Terrace store
Carmel’s high-end lifestyle center Clay Terrace has an empty big box. Virginia-based Circuit…
Wheeler staying put downtown
Wheeler Mission Ministries has no plans to sell its prime downtown real estate, despite financial troubles that have led the not-for-profit to close its eastside operation. Wheeler said it plans…