Battered Broadbent climbs back from brink
One of the city’s best-known retail developers is alive and kicking again after a harrowing real estate downturn and protracted legal battle with two lenders.
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FacadeTek eliminating 72 jobs in Whitestown
Glass fabricator FacadeTek Inc. has notified state officials that it will eliminate 72 jobs at its Whitestown facility in January.
Two Indianapolis office buildings in foreclosure
The buildings on the northwest side of the city total nearly 200,000 square feet and are owned by an affiliate of a company that operates 12 cemeteries and four funeral homes throughout Indiana.
Kite Realty reports higher revenue, bigger loss
Kite Realty Group Trust Inc. reported higher revenue and a bigger loss during its fiscal third quarter, a busy period during which the company raised $60 million from a share offering and bought one Florida shopping center and sold another.
Settlement talks afoot in Mel Simon estate brawl
Attorneys for Mel’s daughter Deborah asked a Hamilton County judge to put discovery deadlines on hold and vacate the July 2013 trial date while the parties negotiate a “memorandum of understanding.”
Duke loss narrows, quarter meets expectations
Indianapolis-based Duke Realty Corp. on Wednesday reported a third-quarter loss of $28.2 million, smaller than a loss of $32 million in the same quarter of 2011.
INSIDE DISH: Carmel eatery unafraid to break a few eggs, rules
Restaurateur Larry Hanes stuck to his guns in creating Eggshell Bistro, bending conventions with eclectic decor, artisanal coffees, and a simple menu with restrained portions.
LA Fitness buys site near Washington Square, boosting area
LA Fitness plans to build a gym on the former home of a Loews movie theater adjacent to Washington Square Mall in the latest sign of progress for a struggling retail submarket.
Focal point for Mass Ave project: Huge electronic screen
The most striking feature of a proposed $43-million development along Mass Ave is a Times Square-style electronic screen that would wrap around the building's corner and rise more than three stories.
Simon beats expectations, boosts dividend, outlook
Indianapolis-based shopping center owner Simon Property Group hiked its quarterly dividend and its forecast for full-year funds from operations as its tenants benefited from an increase in consumer spending.
City selects developers for Mass Ave project
City officials have picked the apartment specialist J.C. Hart Co., retail developer Paul Kite Co. and architecture firm Schmidt Associates to redevelop a prime Mass Ave parcel currently occupied by the Indianapolis Fire Department.
Columbus newspaper building gets landmark status
Architect Myron Goldsmith and former Republic publisher Bob Brown developed the concept for the newspaper plant based on an open design offering full views of the building from the outside.
Farmland prices going up in much of Indiana
A September study by Purdue University found farmland prices were as much as 18 percent higher than in 2011, and some appraisers say they continue to go up.
Developer secures financing for $9M Irvington project
Developers are one step closer to building a $9 million apartment project to replace a blighted former hotel in Irvington.
Kite Realty seeks $52 million in share offering
Kite Realty Group Trust Inc. is selling 10.5 million new shares at $5.20 per share in an offering set to raise at least $52 million for the Indianapolis-based retail developer.
Big downtown office tenants shopping for space
Expiring leases have prompted at least five major users of downtown office space to assess whether to renew or relocate.
Lender forecloses on Uptown Business Center
A lender has filed to foreclose on the Uptown Business Center, a neighborhood retail building at the southwest corner of 49th Street and College Avenue that a local developer had hoped to use as a springboard to revitalize the intersection.
INSIDE DISH: New partners boost sales at Pure
Receipts at the locavore's haven in Fountain Square have surged since February, when two new partners took over day-to-day management, redefined the space, expanded the menu and turned its hours of operation upside down.
Milhaus buying site for more downtown apartments
The local developer has agreed to purchase the former Mitchell & Scott industrial complex in the 600 block of College Avenue and is in the process of pulling together a plan for the site.
WFMS property fetches $625,000 bid in county tax sale
Suburban New Orleans investment firm National Tax Asset Fund LLC placed the bid during the Marion County tax sale that ended Friday. WFMS parent Cumulus Media Inc. owns the property and owes more than $80,000 in back taxes.