Former Nordstrom space could find Super Bowl use
The massive space in Circle Centre mall vacated by high-end retailer Nordstrom could be used to host corporate events surrounding the big game.
Real Estate
Articles
Meridian latest brokerage to make affiliation move
The commercial real estate brokerage Meridian Real Estate is picking up the NAI Global affiliation previously held by Olympia Partners, which folded in January after a 20-year run.
Senior housing project replacing retail center
A run-down former retail plaza along Lafayette Road south of 30th Street will be torn down to make way for a senior housing development.
Precedent joins ranks of battered developers
The Precedent Cos.—the local developer of The Precedent Office Park, Mount Comfort Commercial Park and several upscale residential communities in Hamilton and Johnson counties—is winding down operations in an out-of-court restructuring.
Lenders attempting to foreclose on Broadbent headquarters
Huntington National Bank and PNC Bank claim they are owed roughly $25 million on loans related to Broadbent Co.’s purchase and renovation of a building on East Washington Street downtown.
Duke Realty suffers loss on lower revenue
The Indianapolis-based real estate investment trust said it lost $29 million in its latest quarter, compared with a loss of $42.4 million in the same time frame a year earlier.
INSIDE DISH: ‘Edibles’ team returns with moveable feast
Becky Hostetter and her husband, David, are applying lessons learned from the implosion of Essential Edibles to their new health-conscious food trailer, Duos.
Upland Brewing plans Bloomington expansion
Upland Brewing Co. expects to spend $3 million to buy, renovate and equip a former RCA Thomson warehouse, more than doubling its brewing capacity.
Simon Property results improve as U.S. retail sales advance
Indianapolis-based Simon Property Group Inc. said funds from operations rose 20 percent in the second quarter as rents and occupancies increased. The company raised its forecast for the year.
Prospects bright for Borders replacements
Brokers expect strong demand from other retailers, in part because the failed bookstore chain carefully chose its real estate, opting for locations near concentrations of affluent and educated consumers.
Housing agency buying its building for $2.1M
The City-County Council’s Metropolitan Development Commission is set to hear a proposal Monday evening to allow IHA to purchase its headquarters building at 1919 N. Meridian St.
What’s in a name? Rebrand weighed for Georgia Street
One of the city's original streets, right there on the 1821 Alexander Ralston “Plat of the Town of Indianapolis," could get a new name.
Inspections find fewer Indiana underage alcohol sales
State inspections found Indiana's bars, restaurants and liquor stores doing a much better job of not selling alcohol to underaged Hoosiers.
City poised to rebrand, revamp Georgia Street
Community and business leaders are considering whether to change the name of a three-block portion of Georgia Street as part of a $12 million streetscape overhaul.
A few restaurants close as other eateries, retailers plan growth
Among the casualties is the downtown restaurant Hue and Carmel’s The Glass Chimney. El Rodeo, Eggshell Bistro and Hotcakes Emporium are among those opening locations in the area.
Borders liquidation another blow to retail real estate
Borders Group Inc.’s proposed liquidation will increase available U.S. retail space by about 6.3 million square feet as the industry struggles with near-record vacancy rates and stagnant rents.
City moves to sell canal parcel for development
Plans by a Valparaiso company to build 150 apartments along the Central Canal are closer to reality after city officials picked the developer's bid to buy an adjacent canal-front parcel.
IUPUI track stadium dodges wrecking ball
The Michael A. Carroll Track and Soccer Stadium, which school officials considered demolishing a few years ago, is getting a face-lift that includes a new $1.2 million infield surface.
Borders turns the final page, will close all stores
The chain of bookstores will shutter its remaining 399 locations by September, including the few left in central Indiana. Company brass blame the changing book industry, eReader revolution, and turbulent economy.
A tasty roundup: El Rodeo, Vino Villa, Hotcakes, Subacos
Read about several new places to eat and shop in this week’s edition of the restaurant and retail roundup.