Central Indiana home-sale agreements up in April
Purchase agreements of existing homes in the nine-county area tracked by F.C. Tucker Co. hit 2,252 last month, a 3.3-percent increase over April 2011. Year-to-date home sales were up 12 percent.
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For-profit university eyes College Park office space
South Dakota-based National American University wants to turn 35,000 square feet on the second floor of a building in the College Park office complex into its latest campus.
2 new tenants taking long-vacant big boxes
Two vacant big boxes are getting new users: Burlington Coat Factory at the northeast corner of 82nd Street and Allisonville Road, and The Tile Shop along U.S. 31 just south of Stop 11 Road.
WRTV launches broadcast studio on Monument Circle
The Indianapolis TV station will occasionally broadcast live from the WIBC-FM 93.1 studio as part of an agreement with the radio station’s parent company, Emmis Communications Corp. WRTV is hoping to gain more exposure from the deal.
Metro-area building activity dips in April
Permits filed last month in the nine-county area totaled 352, a 2-percent year-over-year decrease. But activity through the first four months remains stronger than it was during the same time last year.
Fast-food roundup: Dunkin, DQ, McAlister’s, Wendy’s, Panda Express, Fast Burrito
Our roundup of new fast-food and fast-casual restaurants including Dairy Queen, Wendy’s and McAlister’s will provide plenty of fodder for the anti-chain crowd.
Noble Roman’s top investor loses Green Mountain chair
Green Mountain Coffee Roasters Inc. has stripped founder Robert P. Stiller of his position as chairman after he sold shares to meet a margin call at a time when the company’s trading policies prohibited such sales.
Marsh CEO Kelley quits for job in New England
Marsh Supermarkets CEO Joe Kelley abruptly resigned Tuesday, and the Fishers-based chain launched a search for its third chief executive in a little more than a year. The company named Chief Operating Officer Bill Holsworth as its interim CEO.
Litigious Aristocrat owner seeks parking variance after opposing one for Calle 52
The owner of Aristocrat Pub & Restaurant fought all the way to the Indiana Supreme Court against a parking variance for a proposed competitor, but now he’s seeking a similar variance of his own.
City, development group agree to protect Mallory site
Those seeking the historic designation hope the four-acre industrial complex will be a catalyst for redevelopment of a stretch of East Washington Street.
Shareholder group advises against Simon CEO bonus pay
Simon Property Group Inc. is firing back at a corporate governance advisory firm that has recommended Simon shareholders vote against an employment agreement for CEO David Simon that includes a $120 million retention award.
New charter school proposed for North Meridian Street
An Arizona charter school operator serving middle and high school students has filed plans to build a two-story school at Meridian and 22nd streets.
Kite reports narrow loss as revenue rises
Kite Realty Group Trust Inc. reported a narrow first-quarter loss as a healthy revenue increase and a gain on the sale of an out-of-state shopping center were partially offset by a $1.3 million litigation charge.
Georgia Street redevelopment looking old already
The newly spruced-up stretch of Georgia Street between the Indiana Convention Center and Bankers Life Fieldhouse is looking older than its age. Stone pavers are dislodged and stained. The wooden boardwalk is badly discolored. Bollards are askance after taking hits from errant vehicles.
Growth tear swells Simon Property Group
Simon Property Group Inc. this year joined the Standard & Poor’s 100 Index, a listing of the nation’s largest and most established companies including Apple, Coca-Cola and McDonald’s. The Indianapolis-based company is the only real estate company on the list and is now the largest real estate company in the world.
Indiana panel approves new stage-rigging rules
An Indiana commission has approved the state's first rules governing the type of temporary stage rigging involved in last summer's deadly state fair stage collapse.
Local developer files to go public in Canada
A locally based developer and owner of senior health care centers has filed to go public as a real estate investment trust in Canada.
Zoning board rejects Broad Ripple parking garage proposal
Members of the board voted 5-0 to reject the variance that would have allowed Keystone Group to build the garage and retail development below the city’s recommended flood plain.
INSIDE DISH: Husband-wife team revive sushi joint’s reputation
Scott and Debbie Bennett sank their savings into purchasing Greenwood's Yokohama, which had a past peppered with disappointed patrons.
Local real estate developer files for bankruptcy
Cornelius M. Alig, chairman and CEO of Mansur Real Estate Services Inc., filed for Chapter 7 protection, listing $11 million in personal debt he attributed to the prolonged slump in the real estate market.