AG sees spike in complaints about gas prices
The Indiana Attorney General’s Office says the recent surge in Midwestern gasoline prices that’s given Indiana the nation’s fourth-priciest gas is drawing an influx of complaints from the public.
Real Estate
Articles
Vacant GM stamping plant to be demolished
The 2.1 million-square-foot plant, which sits on 102 acres near downtown, opened in 1930 and employed more than 5,000 at its peak. That number was fewer than 700 when it closed two years ago.
Bank gives Indy $1.4M to settle discrimination complaint
The settlement results from a complaint that alleged Wells Fargo's properties in white neighborhoods were much better maintained and marketed than properties in minority areas.
Center Township trustee to list Mass Ave building
The township board in late May gave Trustee Eugene Akers permission to list the property, which has a five-story office building on 1-1/3 acres of land.
Fishers, Noblesville put cuffs on charities to recoup tax revenue
Two growing Hamilton County communities looking to build their commercial tax base are taking steps to ensure land targeted for development doesn’t end up in the hands of organizations that don’t pay taxes.
Cummins looking to build downtown Indy offices
Cummins Inc. wants to expand its downtown Indianapolis presence and is searching for land to construct an office building that would double the space the Fortune 500 company occupies in the city, several local office brokers said.
Riley CDC names successor to retiring executive director
Eric Strickland’s appointment was effective June 1. He brings more than 18 years of engineering, real estate development and economic development experience to the organization.
For sale: ‘Finest piece of downtown real estate’
A trio of downtown buildings listed for $4.9 million includes the historically lavish residence at 121 E. Ohio St. Described in marketing materials as the finest piece of downtown real estate, the residence has attracted interest from as far as the United Kingdom.
Vera Bradley CEO retiring after six years on job
The Fort Wayne-based company announced Michael Ray's decision on Wednesday as the company reported a 27-percent drop in earnings in its latest quarter and trimmed its yearly outlook.
Fraud victim says he was duped twice over land bank house
Joseph Satterfield says he paid twice for his residence at 624 Congress Ave., but he still doesn’t have his hands on the deed to the house that was held by the Indy Land Bank.
Sales of boomer-owned businesses deemed close at hand
Several factors have aligned to spark the long-expected trend.
Miller Pipeline plans $5.3M expansion, more jobs
The Indianapolis-based subsidiary of Vectren Corp. plans to construct a 52,000-square-foot building at its 34-acre corporate campus at 8850 Crawfordsville Road.
City’s first spec office building in 5 years opening doors
Sourwine Real Estate Services expects to have its $12 million, 80,700-square-foot project finished later this month in one of the city’s hottest north-side development areas.
Simon investors can proceed with CEO pay suit, judge rules
Simon Property Group Inc. investors can continue with a lawsuit in which company directors are accused of improperly raising CEO David Simon’s pay without shareholder approval, a judge ruled.
Roundup: Bagger Dave’s expanding area presence
Bagger Dave’s leads the Retail Roundup, with plans to open a restaurant in Avon next month and another in Greenwood in October. The Michigan-based chain’s lone location is on Indianapolis’ northwest side.
Muncie council backs $60M project near Ball State
The Muncie City Council has approved financing for a six-story parking garage as part of a planned $60 million project with apartments and commercial storefronts.
Carmel council clashes over support of Midtown project
The Carmel City Council will not support Pedcor Cos.’ application for a state tax credit to help pay for a $100 million redevelopment project—a contentious decision Mayor Jim Brainard called “unusual and illogical.”
Buckingham set to redevelop Carmel shopping center
The Carmel Marketplace on East Carmel Drive is directly south of the Mohawk Hills apartment complex, which Buckingham hopes to start redeveloping as part of its long-awaited Gramercy project late this year.