Indiana’s largest locally based bank, First Indiana Corp., decided to end 92 years of independence in 2007, agreeing in July
to sell itself to Milwaukee-based Marshall & Ilsley Corp. for $529 million in cash, or $32 a share.
A manager at the downtown tapas restaurant tells Property Lines the operation is in trouble and could soon close. Owner Frank Schmitz, of St. Louis, recently bought out his partner in the…
The Piano Merchant is closing after almost 22 years in business at the corner of 54th Street and College Avenue. One of the three partners is ill and another…
Noble Roman's Inc. wrote an impressive comeback story by selling its home-grown pizza and subs concepts to hundreds of
gas stations, bowling alleys and food courts. But the Indianapolis company’s push to add stand-alone restaurants across the
country isn’t going as smoothly.
Brothers Bar & Grill, a small Wisconsin-based chain, has filed plans to replace Broad Ripple Trophy Center at one of the neighborhood’s most prominent corners, said Senior Planner Bryan…
Gary Linder, an Indianapolis retail real estate pioneer, died suddenly yesterday. Linder, 56, founded The Linder Co. in 1982, developing it from a one-man real estate brokerage into a 40-person operation with offices in three states. He sold the company, now known as Sitehawk Retail Real Estate, three years ago. “He was a real student […]
A couple of restaurant updates: The owners of downtown’s Scholar’s Inn, Lyle & Kerry Feigenbaum, plan to close the restaurant on Jan. 1 for a month-long remodeling project. They plan to…
Plans for a 1,000-room JW Marriott convention hotel now envision a taller building, with a whole new look and a larger pricetag. The hotel would be 34 stories, up from 29, and the project would cost $425 million, up from…
Indiana Sports Corp. has asked the city to reduce the portion of Pan Am Plaza included in a covenant that restricts development. If approved, the updated covenant would cover only 10,000 square feet,…
Cory Schouten First Indiana Corp. shareholders today approved the local bank’s sale to Milwaukee-based Marshall & Ilsley Corp., a deal First Indiana directors OK’d in July. The $529 million merger is expected to close in January. At the meeting at First Indiana Plaza, First Indiana patriarch Bob McKinney and his daughter, Marni, who chairs the […]
Locally based Duke Realty Corp. has been selected to develop a new Indianapolis field office for the FBI in the Woodland Corporate Park along Interstate 465 between 71st and 86th streets. Plans for the new office call for a complex of three buildings: a three-story office building, an enclosed parking garage and a separate maintenance […]
A new site plan for the $750-million Venu project shows four anchor tenants: Whole Foods; Barnes & Noble; Arhaus, an upscale furniture retailer; and REI, an outdoor-gear superstore that would be new to…
Christopher P. White is arguably the city’s most daring real estate developer. But an IBJ review of hundreds of pages of public
records shows White and his Premier Properties USA Inc. are facing major financial and legal challenges.
Long a staple in the South, Huddle House diners are beginning to pop up in Indiana. Can they outmatch Bud’s Chili and Alice’s Iced Tea over at Waffle House? The first Indianapolis-area…
If Simon couldn’t revive Lafayette Square Mall, what can be expected from an out-of-town company without the same mall experience? Simon Property Group is selling the 1.2 million-square-foot Lafayette Square Mall to…
The cost of parking is one of the top reasons office space has been a tough sell downtown when compared to the suburbs. But it’s not a problem if you’re the mayor-elect….
Here’s the Lifeline Data Centers site plan for its reuse of the old Eastgate Consumer Mall. What do you think of the lake and walking trails?
A locally based data storage company has agreed to buy the former Eastgate Consumer Mall on the far east side and plans to invest $23 million to turn the 370,000-square-foot building into a high-tech data hub. This morning, executives with Lifeline Data Centers LLC joined Mayor Bart Peterson to announce the deal, which was first […]
The long-vacant Eastgate Consumer Mall finally is getting a new tenant: a data-storage and web-hosting company. City officials are planning an 11 a.m. announcement today detailing an expansion for locally based…
The long-vacant Eastgate Consumer Mall is getting a new tenant: Lifeline Data Centers. City officials are planning an 11 a.m. announcement today detailing an expansion for the locally based data-storage and Web-hosting company. Two people familiar with the announcement confirmed that Lifeline plans to reuse all or part of the 370,000-square-foot mall, which was built […]
