Articles

Owner finding new tenants for former Macy’s

High-end custom homebuilder Moussa Khoury and a partner bought the former Macy’s store at Washington Square Mall in 2009 for about $775,000. They paid cash since commercial lending had vanished. Two years later, the investment has begun paying off.

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Pan Am Plaza damage subject of court battles

The owner of Pan Am Plaza’s parking garage, which the city partially closed on Wednesday over safety concerns, has fought legal battles over the damage with Indiana Sports Corp. and Central Parking System.

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Mortgage-default filings surge in Indiana, nation

Default notices sent to delinquent U.S. homeowners surged 33 percent in August from the previous month, a sign that lenders are speeding up the foreclosure process. Indiana saw an increase of 46 percent, a bigger rise than every state except California.

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Retail sales in U.S. stagnate amid poor job market

Retail sales in the U.S. unexpectedly stagnated in August as a lack of jobs restrained shoppers. Chains like Best Buy Co. and Target Corp. say a struggling labor market that’s battered confidence is hurting sales.

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Landscape architect stays small by design

Landstory, Joann Green’s landscape architecture firm, is a snug four-person company that has designed exterior spaces for some major Indianapolis projects, such as the JW Marriott, Lucas Oil Stadium and Indiana University’s Melvin and Bren Simon Cancer Center.

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Critics: Wrecking ball won’t fix Indianapolis neighborhoods

Many neighborhood leaders have hailed Mayor Greg Ballard’s initiative to raze some 2,000 abandoned homes by the end of 2012 as a long-overdue means of tackling urban blight. But some residents and experts fear rampant demolition—without a clear plan for how to redevelop the properties—will fail to improve neighborhoods.

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