Take a tour of Glendale
Property Lines recently took a tour of the Glendale Mall construction site and got an update on progress. Check out a photo gallery of the tour and the latest rendering
Cory Schouten
Articles
2 local businesses bid farewell
A couple of prominent local businesses have shut down in recent weeks. Corner Gourmet at 1474 W. 86th St. apparently has closed. The phone numbers for both the shop and owner…
Developer offers big bucks for homes
A developer is negotiating individually with 77 condo owners to buy a community called Lakes at the Crossing that sits near the Fashion Mall. Gershman Brown & Associates has…
Thoughts on KB’s exit?
More bad news on the housing front, as KB Home says it’s bailing on Indianapolis. How big of a loss is it? KB entered the market in 2004 with…
Consolidated sale put on hold
The vacant 15-story Consolidated Building at 115 N. Pennsylvania St. was listed for sale with a $6.5-million pricetag yesterday until the owners pulled it off the market, ostensibly to focus on trying…
UPDATE: McKinneys to rake in $111 million from sale
The largest shareholders of First Indiana Bank, the McKinney family, stand to reap $111 million from the sale of the bank announced today. The family owns about 3.5 million shares, or approximately 21 percent, of the company, according to recent filings with the SEC. The acquisition by Milwaukee-based Marshall & Ilsley Corp. would pay $32 […]
New name for tower: M&I
Milwaukee-based M&I Bank has no plans to vacate a 31-story skyscraper in downtown Indianapolis after acquiring its namesake, First Indiana Bank, the CEOs of both companies said today. First Indiana recently renewed…
UPDATE: M&I to slash First Indiana costs
The Wisconsin bank acquiring First Indiana expects to realize cost savings of 20 percent by merging back-office functions and cutting potentially dozens of local jobs. Milwaukee-based Marshall & Ilsley Corp. hopes to retain most of First Indiana’s bankers and will keep all 32 branches open. CEO Mark Furlong told IBJ this morning that within three […]
Circle Centre doing well except for 4th level
Excluding the fourth floor, Circle Centre mall’s 11th full year of operation was a big success. Profit in 2006 increased nearly
18 percent to $9.3 million, according to an annual report filed with the city. But on the top floor, abandoned bar stools
have now collected four years of dust in the former home of a nightclub complex.
Condo owners in quandary over developer’s offer
The questions these days among residents of Lakes at the Crossing, a quiet community of 77 condos tucked behind a strip center
and an office park along 86th Street at Keystone Avenue, are: Who will sell, and for how much?
Blog: Bose move to Chase Tower is official
The long-rumored move for Indianapolis law firm Bose McKinney & Evans is a done deal. The firm plans to take 111,000 square feet of space in Chase Tower, a big expansion over its current 80,000-square-foot space in First Indiana Plaza. The departure of one of that building’s largest tenants is a big blow for owners […]
Bose move to Chase Tower is official
The long-rumored move for Indianapolis law firm Bose McKinney & Evans is a done deal. The firm plans to take 111,000 square feet of space in Chase Tower, a big expansion over its current 80,000-square-foot space in First Indiana Plaza….
Hurry up and wait for MSA
City officials gave developers a tight, two-month time frame to come up with a second round of proposals to redevelop the Market Square Arena site. The RFP was issued Feb. 21, and…
Furniture chain eyes 3 Indy stores
A Chicago-based furniture store is planning three new locations in Indianapolis. Harlem Furniture has 16 stores in Chicago and Northwest Indiana. The first central Indiana store, in Greenwood, replaces the old Frank’s…
In the market for a gas station?
OK, probably not. But you may be interested to know that local BP stations will be getting a new name soon. BP is selling 28 Indianapolis franchise locations, each of which will be…
Get out your checkbooks
As first reported in Property Lines on May 2, the owners of First Indiana Plaza are considering a sale of the struggling 31-story skyscraper. Who do you think will…
north of South Street between Meridian and Pennsylvania streets.
Developer envisions Penn Centre
Plans are taking shape for a major hotel, residential and restaurant development across from Conseco Fieldhouse. South-side developer J. Greg Allen is proposing a project that would stretch from Maryland Street to…