Meijer plans to hire more than 9,000 in five states
The Grand Rapids-based company says it wants to hire 1,800 in Indiana. Most of the new positions will be part-time.
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Preservationists to explore reuses for Old City Hall
As part of its annual National Preservation Conference, to be held this fall in Indianapolis for the first time, the group plans to explore reuses for the vacant but historic building during a day-long event.
HDG Mansur hit with $5.8M court judgment
A federal judge in New York has slapped HDG Mansur with a $5.8 million judgment, ruling in favor of a former client that said the Indianapolis real estate firm misappropriated funds.
Developer poised to build 900,000 square feet of industrial space
The two buildings, one totaling 475,000 square feet and the other 450,000 square feet, are set to be built on 52 acres in Plainfield that Opus has owned since 2008.
Liquor store chain wants to intervene in lawsuit
Attorneys for 21st Amendment have filed a motion to intervene in the suit filed by the Indiana Petroleum Marketers and Convenience Store Association and several store owners.
Dispute over Uptown Business Center in SoBro gets messier
The dispute started in October when the lender tried to take possession of the building at the southwest corner of 49th Street and College Avenue. Now the owner has filed Chapter 11 to delay foreclosure proceedings.
Four teams bidding for I-69 financing, construction
The state hopes to start converting the 21-mile stretch of interstate early next year. The project is estimated to cost $394 million.
Roundup: Graeter’s selects Butler-Tarkington location
The latest Retail Roundup reports that the popular Graeter’s ice cream chain is taking space at 56th and Illinois streets, while Mo’s … A Place For Steaks undergoes a name change.
Allison Pointe buildings hit with foreclosure suit
The owners of the buildings, about three dozen entities and individuals, owe $16.6 million, or the entire balance of the loan they received in 2006 to purchase the properties, according to court documents.
Steak n Shake dispute with franchisees reaches to Denver
The locally based burger chain filed suit late last month to stop a Denver restaurant owner from operating under its logo in a spat over menu pricing. The franchisee is countersuing.
Kite Realty reports loss on loan default
The Indianapolis-based real estate investment trust took a $5.4 million non-cash impairment charge relating to a $29.5 million loan default on a retail development in Georgia.
New retail downtown sitting idle
A flood of downtown apartments coming on the market is leasing up quickly, but much of the attached retail space continues to languish as some begin to wonder whether the residential boom will create enough retail demand.
New front opens in family battle over Mel Simon fortune
Bren Simon is pushing hard for a distribution from the estate now, citing as precedent an Indiana Court of Appeals ruling in another case that “as a matter of policy, beneficiaries should not be starved of distributions to which they are undisputably entitled.”
Canadian firm buys former Fundex HQ for $3.7M
Dalfen American Corp. of Montreal acquired the 110,000-square-foot building in an auction Wednesday following the bankruptcy of the Plainfield-based game maker.
Scotty’s Brewhouse could shrink with sublease
With business not up to expectations, founder Scott Wise is searching for a tenant to take about 2,500 square feet within the existing 12,000-square-foot space at 1 Virginia Ave.
HHGregg reports smaller loss on improving same-store sales
The company reported a loss of $1.3 million, or 4 cents per share, for its latest quarter, compared with a loss of $5.7 million, or 16 cents per share, in the same period a year ago.
Centre Properties escapes foreclosure on 12 properties
Financial terms of the agreements, announced in a written statement, were not disclosed, but the mortgages involve tens of millions of dollars in debt on retail properties spread throughout the area.
State Fairgrounds to debut new $10M Youth Arena
The 30,000-square-foot Youth Arena will debut as the site of 4-H Horse & Pony classes and events. The fairgrounds' newest building will also host livestock shows, draft horse competitions and other events.
Art gallery planned for Washington Street building
The new owners of a pre-Civil War building at 42 E. Washington St. are renovating the historic four-story structure with plans to open a high-end art gallery in October on the ground level.
Don Marsh to keep $2.2M severance from grocery chain
Judge Sarah Evans Barker issued an order allowing Marsh to keep the severance paid by his former company, which attempted to recover the payments from him. The order ends a four-year court battle between the two parties.