Finish Line acquires 18-store chain for $8.5M
The Indianapolis-based athletics retailer acquired the chain in order to enter the specialty running market. The stores are located primarily in the eastern part of the country.
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Music retailer moving call center to Indianapolis
The Woodwind & Brasswind, a South Bend-based retailer of musical instruments, is moving call-center operations to Indianapolis. The center will employ 100 people.
Lauth’s Eaglepoint fattens up on racing teams
David Powers Motorsports, John Force Racing, Don Prudhomme Racing and Vance & Hines together occupy roughly 320,000 square feet of space at the park.
Developer plans $40M apartment and retail project
A local developer is planning a $40 million apartment and retail development northwest of 86th Street and Keystone Avenue.
Receiver appointed in $16.8M foreclosure suit
Lender Merrill Lynch Mortgage Trust is foreclosing on several Indianapolis commercial properties, including two retail centers, owned by Greenwood developer Presnell Cos.
Circle Centre wants Cinnabon out of mall
A lawsuit filed by the downtown Indianapolis mall accuses Cinnaworks LLC, a franchisee of Cinnabon, of failing to pay its $6,751-per-month rent.
Keystone Towers tumble down
Hundreds of people watched from nearby as explosives brought down a long-shuttered Indianapolis apartment tower near the Indiana State Fairgrounds that had become a neighborhood eyesore and a haven for crime.
Rising farmland prices a boon for agriculture
Strong grain prices, low interest rates and rules of supply and demand have sent Indiana farmland prices to record levels.
INSIDE DISH: Pizzeria novices hit their stride, watch sales rise
The duo behind Brozinni Pizzeria in Greenwood didn't know much about dough in the beginning, but they're making a lot of it now.
Zionsville man charged with wire fraud, money laundering
Brian Eads faces a maximum of 30 years in prison by engaging in transactions of more than $10,000 with criminally derived proceeds from properties bought at sheriff’s sales.
Developer rolls out $40M plan for Keystone site
A local developer has acquired the northwest corner of 86th Street and Keystone Avenue and is working on plans for a $40 million apartment and retail project.
Jack in the Box revives plan for 16th & Meridian location
The fast-food chain Jack in the Box has applied for zoning approval to build a new restaurant near 16th and Meridian streets, just south of CVS.
Fire heavily damages Aristocrat restaurant
The restaurant at 5212 N. College Ave. sustained $1.5 million in damage. Firefighters were called to the two-story, 6,000-square-foot building early Thursday morning.
Real estate firms push to avoid notice in Obama tax rewrite
The industry, which includes Indianapolis-based REITs Simon Property Group Inc. and Duke Realty Corp., is guarding against a potential proposal from the Obama administration that would impose new taxes on partnerships and similar companies
Second-quarter commercial real estate stats for Indianapolis
IBJ's Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates and the local industrial market. Click here for multi-tenant office vacancy data. Click here for industrial market stats.
First step: Tear stamping plant down
Tear it down and clean it up was the message delivered by a former redevelopment director from South Bend as she spoke to representatives from cities who were about to lose their GM plants.
‘Expand the smorgasbord’ at former GM site
Indianapolis has a rich history of turning challenging redevelopment projects into local success stories, and I have no doubt the GM Stamping Plant will become part of that history as officials determine the best uses for the expansive site near downtown.
GM site ripe for manufacturing or a judicial center
The Urban Land Institute panel’s plan for the General Motors plant site ignores some realities in favor of presenting a relatively predictable New Urbanism redevelopment plan.
Experts say options abound for former GM stamping plant
The 2-million-square-foot GM Indianapolis Metal Center, closed this year, sprawls over more than 100 acres on the west bank of the White River and enjoys some of the best views of the downtown skyline.
Greenwood developer target of foreclosure suit
Two Indianapolis-area retail centers are listed in a $16.8 million lawsuit that includes a total of six properties owned by the Presnell Companies of Greenwood.