Ideal owners needed for tricky north-side properties
Size and age complicate the sale of several prominent structures in Boone and Hamilton counties.
Real Estate
Articles
Simon estate in Carmel hits market for $25 million
The 106-acre property includes a 50,000-square-foot mansion and private, 18-hole golf course. Mel Simon and his wife, Bren, had been working on disposing of the home even before the billionaire’s death in September 2009.
Firefighters union hopes concession wins project OK
The union is promising to keep a parking lot it wants to build as part of an expansion at a key Massachusetts Avenue intersection in that use for just five years to help win approval of the project.
Self-made developer, Castleton pioneer Peterson dies at 84
Howard C. Peterson, an enterprising bricklayer who went on to build a prolific development company that transformed Indianapolis' north side with massive office complexes, died Friday after a long illness. He was 84.
Indiana cases could define conflict of interest
The question of what constitutes a conflict of interest and why it matters for public officials has run throughout a string of high-profile ethics scandals in Indiana recently.
Bosma removes Turner from leadership post-scandal
Indiana House Speaker Brian Bosma has removed Rep. Eric Turner from his leadership team amid concerns over Turner's lobbying against a nursing home construction ban that would have impacted his family's business.
Bloomington firm wins construction bid for transit center
The IndyGo board of directors on Thursday night chose Bloomington-based Weddle Bros. Building Group LLC to build the planned Downtown Transit Center. Weddle outbid five other companies.
UPDATE: Plan saves Anderson’s Wigwam gym from demolition
The company that will operate under the name Wigwam LLC has agreed to maintain the gymnasium until at least 2030. It plans to convert part of the property into multifamily housing and to find partners to develop uses for other parts.
Local Lotus dealership is one of only 42 in United States
Gator Motorsport opened in October as Indiana’s sole Lotus dealer. It’s owned by 41-year-old Young Kim, a first-generation Korean immigrant and Ball State University grad who fell in love with the British hand-built brand as a youngster growing up in Chicago.
Main tenant of former United hub staying on
Indianapolis airport officials hope to soon renew their lease with AAR Corp., the aircraft service company that is a key tenant in United Airlines’ former maintenance hub.
Smarter Remarketer gets $7M in funding
Smarter Remarketer, an Indianapolis-based retail technology firm, said Aug. 27 that it has lined up $7 million in venture debt financing from Los Angeles-based City National Bank.
$1.25M from Finish Line helping build kids’ club
Boys & Girls Clubs of Indianapolis broke ground Aug. 27 on a 22,000-square-foot facility on the east side.
Antiques shop liquidation expected to draw big crowd
Red Ribbon Antiques, which opened its doors on Main Street in 1989, will open them one final time Sept. 6 to liquidate the inventory Gloria Holloway established over her 25-year business career.
New $40M Butler dorm will be two buildings with connector
Plans for Butler University’s 654-bed residence hall show two buildings fronting Sunset Avenue by the campus entrance, connected by a multi-level glass atrium.
UPDATE: Security gates on tap for governor’s mansion
Preservation officials for the Meridian corridor have given unanimous approval for wrought-iron gates and brick columns at the entrances to the mansion at 46th and Meridian streets.
Two HDG Mansur creditors seek liquidation of the firm
The firms claim in court filings that HDG Mansur has no hope of reorganizing under Chapter 11 and is stalling to avoid paying a $5.8 million judgment.
New U.S. homes sales fall unexpectedly to 4-month low
Sales declined 2.4 percent in July, to a 412,000 annualized pace, the fewest since March and weaker than economist predictions.
Simon hands over Washington Square to lender
Simon Property Group Inc. has given up on the struggling Washington Square Mall, turning over control to a lender.
Coats: Planned reservoir can’t rely on fed money
U.S. Sen. Dan Coats said planners of a proposed central Indiana reservoir shouldn't look to the federal government for help in financing the $450 million project.
Kite Realty creates general counsel post
Kite Realty Group Trust has created the position of executive vice president, general counsel and corporate secretary and has brought aboard Scott E. Murray to fill it.