Former controller of Estridge Homes accused of $364K fraud scheme
Thomas Carter of Fishers has been charged with bank fraud after allegedly siphoning funds from his employer for more than three years.
Real Estate
Articles
Roundup: Waffle maker makes leap to corner spot downtown
The Walking Waffle Company, a confectioner based in Carmel that until now has focused exclusively on Indy-area farmers’ markets, could open as early as this weekend.
Marsh Supermarkets HQ building on block for $28.6 million
Marsh said it will continue to lease the 25-year-old building from the buyer until Nov. 21, 2026, at an initial annual rent of more than $2.8 million.
Construction under way on Celadon’s new $24M headquarters
The trucking company will move from the east side of Indianapolis to Mount Comfort in Hancock County, where it will have room to grow and better access to Interstate 70 for its drivers.
Jared Fogle’s ex-wife claims Subway covered up complaints
The ex-wife of former Subway pitchman Jared Fogle has filed suit against the fast-food sandwich chain, alleging executives knew about Fogle’s sexual attraction to young children as early as 2004 and stayed quiet about his pedophile predilections to preserve his role as a “cash cow” for the company.
Wurth Service Supply expanding, moving to Greenwood with $11.5M project
The distribution company, currently located on the north side of Indianapolis, is building a 230,000-square-foot facility in Greenwood’s Southpoint Business Park.
Indianapolis airport to sell 6.4-acre site to local developer
The Indianapolis Airport Authority on Friday also heard about plans to add hundreds of new public parking spaces at the airport in coming months.
Revitalization of Speedway’s Main Street wins Monumental Award
The 39th annual event, which recognizes excellence in architecture, engineering, neighborhood revitalization and construction, took place Thursday at the Indiana Roof Ballroom.
Retail, housing, maker space revive east-side neighborhoods
Several developments are either underway or in the works that could transform the East 10th Street corridor into a burgeoning neighborhood hot spot.
Clothing retailer H&M plans third Indianapolis-area store
The clothing retailer is expected to welcome customers next spring at The Shops at Perry Crossing in Plainfield.
Pittman family dispute escalates with new lawsuit
Mark Pittman, son of late heart surgeon and developer John N. Pittman, filed a lawsuit Oct. 14 in Hamilton County against his siblings and family-owned entities involved with The Bridges, a retail development in Carmel that includes a Market District grocery store.
Judge limits expert testimony in Simon Property antitrust suit
The Indianapolis-based mall developer faces accusations that it used its massive influence to pressure retailers to sign leases at its mall in Mishawaka instead of in a competitor’s property.
Mexican eatery in Castleton moving to make way for retail project
The building housing Los Cabos Mexican Grill on East 82nd Street will be demolished in favor of a retail development occupied by two major eateries.
Activist asks Simon Property competitor to consider sale
Shares in Taubman Centers Inc. surged Wednesday, one day after Jonathan Litt, an activist investor known for targeting real estate companies, pushed for the mall owner to cut costs or consider a sale of the company.
Phoenix Theatre casts $1M gift for new downtown complex
The gift from the Allen Whitehill Clowes Charitable Foundation gets the theater closer to its $8.5 million goal for funding construction of a new home on North Illinois Street.
Area home-construction filings rise for 10th straight month
Home builders filed 462 single-family construction permits in the nine-county area last month month, a 15 percent increase over the 403 they filed in September 2015, the Builders Association of Greater Indianapolis said.
Outreach center for homeless youth under way but still needs boost
The not-for-profit Outreach Inc. has started construction on the $3.3 million facility on the near-east side and hopes donors can come through with the final $300,000.
Rocket 88 closes doughnut shops in Fountain Square, SoBro
In a Facebook post, the owner said he will now be focusing on a new business, Square Cat Vinyl, where “we won’t be serving doughnuts, but we will be serving vinyl records, coffee, and beer.”
Mainstreet accused of not paying nearly $2M in fees to adviser
A Chicago investment broker says the Carmel-based developer of transitional care properties is refusing to pay up for lining up a major investor in several projects.
O’Malia’s store on south side closing in November
After the store on South Meridian Street shuts its doors next month, just one O’Malia’s grocery will remain.