Lender seeking to foreclose on Nora shopping center
A bank claims the owner of Nora Corners, which is anchored by a Marsh supermarket, has defaulted on an $8.4 million loan.
Real Estate
Articles
Finish Line shares slide after quarterly results miss mark
Shares of The Finish Line Inc. tumbled by about 20 percent in trading Friday morning, after the Indianapolis-based company lowered its earning outlook.
Nursing home construction moratorium fight fuels lobbying, donations
The two sides duking it out over a construction ban on nursing homes spent more than $475,000 over six months to win lawmakers to their sides—a spike of 37 percent over previous years. And that kind of high-stakes fight is about to happen again.
State mulls sale of downtown Harrison Building
The Indiana Public Retirement System plans to move out of the Harrison Building at 143 W. Market St. and is considering whether to sell the building, which has been under the agency’s ownership since 1982.
Gary Brackett, a popular Colt, tackles second act as restaurateur
Gary Brackett’s personal credo—be humble, be hungry and work harder than everybody else—has served him well. Now he hopes to parlay his success on the gridiron into his restaurant operations.
Tenacity helped seal David Simon’s latest mega-deal
Just five days after Simon Property Group spun off its strip centers and smaller malls into Washington Prime Group, executives began plotting a multibillion-dollar acquisition.
Sixteen firms promise Indiana expansions, 2,100-plus jobs
Nine of the 16 firms who announced their plans with state officials Thursday expect to boost operations and employment in the Indianapolis area, forecasting 933 jobs.
Plucky owners reclaim, renew famous Hoosier trademarks
The new owners of Roselyn Bakery, Choc-Ola chocolate drink and Champagne Velvet beer got dormant but potent brands back on store shelves.
Roundup: BL&T, Kuma’s Corner, Wildwood Market
New eateries are popping downtown, in Fountain Square and in Fletcher Place, with a mix of cuisine inspired by French menus, finger food and heavy metal.
Mall retailer Deb Shops facing possible closure
Deb Shops, a woman's clothing retailer with stores in three area malls, has filed for bankruptcy protection for the second time in three years and could close its stores.
Local homebuilders have best November since 2007
Builders filed 386 single-family building permits in the nine-county metro area last month. That’s the highest number in November since 500 permits were filed seven years ago.
Sales of existing homes take November slide
The number of sale agreements for existing homes in the nine-county area in November fell 2.8 percent. A shrinking inventory led to higher sale prices.
Bus route could boost south-side development opportunities
Leaders on the city’s south side hope a proposal for a rapid-transit all-electric bus route will help spur development along a key corridor that could use more curb appeal.
Fletcher Place distillery ships first batch, readies new restaurant
12.05 Distillery and the accompanying Repeal Restaurant are set to open in April in the historic Virginia Avenue State Bank building.
FEMA, Indiana tell Kokomo to stop stadium work
Despite warnings about violations, Kokomo is pushing forward with the $9 million baseball stadium project, which includes spending $2.5 million on flood-prevention measures along Wildcat Creek.
Section 8 proposal angers Indianapolis landlords
Advocates for low-income housing are clashing with Indianapolis landlords over a proposal that would make it illegal to reject tenants solely because they use government subsidies to pay their rent.
Purdue, Ivy Tech create path for engineering majors
Ivy Tech Community College has created a way for pre-engineering students to continue their studies toward a bachelor's degree in one of two engineering disciplines at Purdue University.
UPDATE: City picks Paris-based group to build justice center
WMB Heartland Justice Partners, which beat out two other finalists, will require the city to pay $46.8 million a year, $3.2 million less than the ceiling the city set.
Startup car wash chain aims for high-end splash
There’s no shortage of car washes around Indianapolis. But the owners of Prime Car Wash think the competition has missed a spot—both here and around the country.
Hamilton County seeks an out to avoid referendum for renovation
Hamilton County leaders are asking state legislators for relief from a 2008 law that requires all capital projects costing more than $12 million be put to a vote.