Parking deal netting city more meter money
In the quarter ended June 30, the city’s share of revenue from parking meters totaled $498,273 compared with $108,265 in the same time frame of 2010, a 360-percent increase.
Real Estate
Articles
City to give Angie’s List $4.6M to buy properties for expansion
Money for real estate acquisition is a major component of the $7.1 million in incentives the city of Indianapolis offered Angie's List Inc. for expanding its headquarters campus to accommodate 500 more employees.
LEADING QUESTIONS: Fast-food guru digs philanthropy
What formative experience helped inspire a Taco Bell franchisee to donate well over $1 million to youth charities? What was his biggest bonehead mistake in business? Charlie Brown has answers.
$27M mixed-use project planned for Lockerbie
A local developer has a new plan for a prime Lockerbie parcel where ambitious development proposals have fizzled in the past, IBJ reported in print and at IBJ.com.
Steak n Shake reports higher same-store sales
Same-store sales grew during the fiscal third quarter 4.9 percent, helping revenue during the three-month period climb 4.5 percent, to $165.2 million.
Landmark water tower could be razed in Greenwood
A central Indiana water tower that once served as a local landmark for residents is being targeted for demolition because officials say it poses a safety hazard to a nearby airport.
Habitat for Humanity tries hand at fixer-uppers
Habitat for Humanity affiliates are getting into the business of rehabbing homes, capitalizing on the availability of foreclosed homes.
Williams Randall lands Mike’s Car Wash ad account
Locally based Williams Randall will be Mike's agency of record.
Developer plans $27M project in Lockerbie
The Whitsett Group wants to build 190 affordable and market-rate apartments, 44,000 square feet of retail and office space, and more than 300 mostly underground parking spaces on a prime Lockerbie parcel.
Local architecture firm moving HQ to former church
The architecture firm A2SO4 plans to spend about $1 million to renovate a long-vacant former Catholic church near the Lockerbie neighborhood as its new headquarters.
Virginia Kay’s Doughnuts taking former Bonjour space
Virginia Kay's Doughnuts plans to open a retail shop in the former home of Bonjour Cafe & Bakery at Meridian and 24th streets.
Home-sale deals tick up in Indianapolis area
Home-sale agreements in the nine-county Indianapolis area rose 3.6 percent in July from the same month a year earlier, marking the third straight month of year-over-year increases after 14 months of declining sales.
Home construction permits dip in July
The number of permits filed last month in the Indianapolis metropolitan area declined to 305, a decrease of 4 percent from the same month in 2010, according to the Builders Association of Greater Indianapolis.
Broad Ripple Kilroy’s earns city support after changes
The city's planning staff has given its endorsement to a new Kilroy's Bar n' Grill in Broad Ripple after the owner agreed to scale back an outdoor seating area from 4,800 square feet to 2,000 square feet.
INSIDE DISH: Carmel Cajun eatery Mudbugs turns corner
After a shaky start, ownership shakeup and puzzled looks from potential patrons, Belinda and Roy LeBlanc have turned their homegrown oasis for Louisiana cuisine into a profitable venture.
Owner attempting to foreclose on Walker Theatre property
Theater directors agreed to purchase the property north of the theater on contract in January 2006. Officials hoped to use the land to accommodate an expansion that never materialized.
Eastgate owner plots unusual office-space strategy
The owner of the former Eastgate shopping center has begun marketing a third phase of its mall overhaul: About 225,000 square feet of emergency backup office space.
Kite sees smaller loss, more revenue in 2nd quarter
Kite Realty Group Trust saw a smaller loss and higher revenue in the second quarter compared to the same quarter a year ago, the Indianapolis-based real estate investment trust announced late Thursday.
Site with rich history could become catalyst for east-side growth
A four-acre site just east of downtown with a rich history is being targeted by city officials and redevelopment leaders for redevelopment. They want to restore the once-vibrant spot at Washington and Gray streets in hopes that it will help revive the beaten-down corridor.
Finish Line brass buoyant as key retail season arrives
The company clearly is on a nice run, with seven straight quarters of increasing same-store sales and increasing earnings per share.