More demand for mall space boosts Simon earnings
The Indianapolis-based owner of retail centers raised its expectations for the fiscal year after reporting solid gains in occupancy, rent revenue and earnings for the first quarter.
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Articles
Zionsville’s Main Street aims to boost drawing power, charm
Zionsville’s new economic development plan calls for ramping up commercial activity in the predominantly residential community—just not at the expense of the mom-and-pop shops that give the Boone County town its charm.
Ownership snarl resolved, Illinois Building on block
An affiliate of locally based HDG Mansur has owned the 10-story building at Illinois and Market streets since the 1980s. It’s sat empty for 10 years, thanks in large part to separate ownership of the building and the land—an arrangement once common among downtown buildings.
2 local sites make annual ‘Most Endangered’ list
New to this year’s lineup, announced Thursday morning by Indiana Landmarks, are the Flanner House Homes Historic District and Phillips Temple. Several homes in the district, in addition to the temple, are in danger of being demolished.
Duke Realty posts profit on sale of properties
The Indianapolis-based real estate investment trust rang up earnings of $28 million, mostly due to gains from the sale of 18 properties.
Speedway’s Speed Zone redevelopment project in high gear
Some goals have been realized, while others are moving through the pipeline.
New lights only the beginning for Brickyard changes
Everything is on the table for consideration, says new Hulman & Co. CEO Mark Miles.
Mass Ave business owners split over proposed district tax
Opponents of a proposed tax to pay for improvements throughout the cultural district have accused tax advocates of rigging the proposal to ensure its passage.
Roundup: Two new offerings coming to Castleton mall
Castleton Square Mall is set to welcome a couple of new entries to its food court lineup, including a restaurant that made its Indianapolis debut just last year. Also, the yogurt craze continues.
Sahm’s planning pizza pub
Prolific local restaurateur Ed Sahm is working to add a pizzeria concept to his 10-location home-grown chain.
Contractor pleads guilty to fraud involving FBI building
An Ohio man has admitted to defrauding more than $225,000 from contractors involved in FBI building projects in Indianapolis and Knoxville, Tenn.
After raid, pet store owner agrees to quit selling animals
Animal control officers found hundreds of violations in March at The Fish Bowl, 2101 East Michigan St. The owner plans to continue operating his business as a pet-supply store.
Prime Zionsville land inching toward development
Zionsville officials are working toward a late-May deadline for wrapping up a complicated plan to buy 91.3 acres of property from Dow Chemical Co.—clearing the way for commercial development worth an estimated $55 million.
Senate bill jeopardizes tax-free online shopping
States could force Internet retailers to collect sales taxes under a bill that overwhelmingly passed a test vote in the U.S. Senate on Monday.
Bids to redevelop MSA site top out at 52 stories tall
The renewed interest in the site, where previous attempts at redevelopment in 2004 and 2007 failed, comes after Indianapolis Mayor Greg Ballard called for new proposals during his State of the City speech in March.
Banks scale back real estate needs as transactions shift online
After zooming higher in the last decade, the number of bank branches in Indiana slipped to 2,056 in 2011, the lowest level since 2006.
Quality Connection names new executive director
The Quality Connection trades group has named former Indianapolis Downtown Inc. marketing chief Julia Watson to succeed Tom O’Donnell as executive director.
Big names lining up to tackle Market Square site
City officials will have at least four proposals to consider for redevelopment of a downtown parking lot where Market Square Arena once stood. Bids are due to the city by April 22.
Online sales-tax proposal hits Senate roadblock
Republican state senators have blocked a vote on a bill that would force Amazon.com and some other online-only retailers to start collecting Indiana's 7-percent sales tax this summer.
Architectural gems in Indianapolis
These jewels help distinguish some of downtown’s best-dressed buildings.