Feds probe whether HDG Mansur took millions from client
HDG Mansur has divulged in court documents that it’s the target of a federal criminal probe for allegedly skimming millions of dollars from a client.
Real Estate
Articles
Up-and-comer molds city’s justice center deal
David Rosenberg, 28, leads Mayor Greg Ballard’s effort to build a new jail and criminal courts for Marion County, which could cost as much as $400 million, all with no new revenue.
Permit revoked for controversial Geist billboard
Neighborhood residents convinced a city zoning board to revoke a permit that allowed the splashy sign with rotating messages to be erected at 79th Street and Fall Creek Road.
Vacant downtown building called critical to proposed redevelopment
The Indianapolis Historic Preservation Commission says it does not support Milhaus’ plan to demolish an 1890s structure on North College Avenue to build a five-story apartment building with 32 units.
Roundup: Boutique hotel, Sangrita, Tom+Chee and fast-fire Coalition Pizza
A nine-room hotel along the Monon Trail in Broad Ripple has opened, while another downtown-area stalwart has closed.
Whole Foods confirmed as Market Square anchor
The specialty grocery chain will occupy 40,000 square feet on the ground level of the $81 million development slated to be built on a portion of the former Market Square Arena site.
HHGregg launches rebranding effort to improve sales
The electronics and appliance chain has unveiled a new logo and advertising spots, in addition to improvements to its website and delivery service, as it attempts to keep pace with competitors.
Office Depot to close 400 stores nationwide
Office Depot has at least seven stores in the area, according to its website, including three locations in Indianapolis and single stores in Carmel, Anderson, Greenwood and Avon.
City Dems propose $16 million more for road repairs
Indianapolis City-County Council Democrats want to spend $16 million more on emergency road work. The Democrats oppose Republican Mayor Greg Ballard’s plan for a $150 million bond issue and instead want to tap general and special funds.
Veteran real estate exec takes helm of DTZ office
David Reed, who once led CBRE’s local operations, has joined Chicago-based DTZ as a managing director, a post that will put him in charge of growing the company’s Indianapolis presence.
Circle Centre reports higher occupancy, lower revenue
New tenants including Granite City Food and Brewery and Firehouse Subs helped boost Circle Centre mall’s occupancy to nearly 90 percent in 2013, but sales per square foot and revenue slipped.
Target CEO Steinhafel out in wake of data breach
The nation's third-largest retailer, which has 13 stores in the Indianapolis area, has struggled to regain its footing in the five months since hackers stole credit and debit card information on tens of millions of customers.
Precedent Office Park owner cashes out at steep loss
The owners of the 19-building Precedent Office Park are poised to unload the massive property, but at a price much cheaper than what they gave nine years ago during the height of the real estate boom.
IU plots $200M life sciences hub in former Wishard Hospital
The envisioned 26-acre, $200-million-or-more complex would bridge IU’s School of Medicine with the city’s life sciences firms, including those at the nascent 16 Tech, a business park.
Marsh set to dominate downtown grocery market
When the new downtown Marsh grocery debuts later this month, it will give the local supermarket chain a lock on the urban core—at least until the arrival of another competitor expected with redevelopment of the Market Square Arena site.
Design group honoring Ratio Architects founder
Local architect Bill Browne, president and founder of Ratio Architects, will be honored May 22 by the Interior Design Coalition of Indiana as its 2014 Legend IN Design recipient.
Kite Realty reports profit on soaring revenue
Revenue jumped to $42.7 million as more of the company’s retail developments became operational. Its acquisition of nine properties in November also contributed to the gain.
South-side institution closes after 31 years serving meals
Sisters’ Place, known for its homestyle cooking, has closed. But another restaurant is slated to take the space just off Madison Avenue south of Interstate 70.
Duke Realty reports first-quarter growth in FFO
The Indianapolis-based real estate developer saw higher revenue and improved funds from operations, a common measure of performance for real estate investment trusts, in the first quarter.
First-quarter commercial real estate statistics for Indianapolis
Check out the latest office and industrial statistics.