Kosenes take on ex-partner in court
Principals in Kosene & Kosene Development have sued a former partner, claiming he’s trying to cut them out of a city-supported deal to redevelop the former Bank One Operations Center downtown.
Real Estate
Articles
Multiple tenants likely needed to plug Nordstrom hole
Nordstrom occupies a staggering 210,000 square feet spread across three floors—60 percent more space than the Seattle-based chain occupies at the Fashion Mall at Keystone and likely more than any single retailer would be willing to lease.
SKARBECK: Finding a bright spot in dismal housing news
One analyst even declared that, relative to disposable income, housing is more undervalued than at any time in the last 35 years. So it is an attractive time to buy a house if you plan to be a long-term owner.
Renaissance Bay heads for sheriff’s sale
A $150 million project that slammed head-first into the recession is slated for a sheriff's sale later this month.
Shrunken Lauth emerges from reorganization
Lauth Investment Properties, which holds the remains of the real estate empire of Lauth Group, has emerged from Chapter 11 bankruptcy, with about $25 million and a portfolio of properties valued at $35 million.
Cadillac Ranch takes chance on former Music Mill space
North-siders will finally get a shot at riding a Cadillac Ranch mechanical bull without driving to Union Station.
Work to begin on rare Washington Township home sites
The transformation of a wooded ravine immediately north of Park Tudor School into an 11-lot gated community will bring to market a rare commodity: a cluster of new-home sites in densely populated Washington Township.
Circle Centre can survive Nordstrom exit, experts say
Anchor store Carson Pirie Scott negotiated a new lease in January, giving the downtown mall added stability at a key time.
Lululemon Athletica, Five Below to open Indianapolis stores
Yoga apparel specialist, store geared toward teens plan local presence.
Central State redevelopment plan gets new life
A dormant plan to redevelop the 150-acre former Central State Hospital campus is starting to get momentum. Developers anticipate spending $100 million to $150 million to revamp the site. With online photo gallery
HHGregg’s profit, revenue rise, but same-store sales fall
Indianapolis-based HHGregg boosted its fourth-quarter profit thanks to 42 stores that opened during 2010, off-setting decreased sales at retail locations operating for more than a year.
Nordstrom closing Circle Centre store
Nordstrom plans to close its store at Circle Centre mall, dealing a substantial setback for downtown. The Seattle-based chain was scheduled to announce the closure to employees at a mandatory staff meeting Thursday morning, a person familiar with the plans told IBJ.
City Market set to oust 19-year tenant Enzo Pizza
Directors of the historic building have notified the pizza restaurant that it needs to have its equipment removed by the end of the day on Friday after the two sides could not agree on a new lease.
Lululemon, Five Below coming to Indianapolis
Two of the nation's hottest concepts in retail—a yoga apparel specialist and a new dollar-store concept targeting teens—are coming to Indianapolis.
Recreational outfitter REI plans store in Castleton
The outdoors retailer REI plans to open its first Indiana store in a former Linens & Things location in the Plaza at Castleton shopping center.
Simon Property to develop outlet center in Canada
Indianapolis-based Simon Property Group Inc. said Monday that it will open an outlet shopping center in Ontario, the first of the shopping mall owner's line of Premium Outlets-brand shopping centers in Canada.
Children’s Museum holds key to Winona redevelopment
The Children’s Museum of Indianapolis is playing the role of lead developer for the abandoned Winona Hospital site.
DiBella’s sub shop scouting for Indianapolis locations
DiBella's Old Fashioned Submarines, a chain of gourmet sandwich shops based in Rochester, N.Y., is scouting for locations for between six and eight new restaurants in central Indiana.
INSIDE DISH: Mexican mainstay puts second spot on front burner
After 25 years at La Margarita, stabilizing sales and surviving family tragedy, owner Lori Rangel-Grubbs is branching out to Fountain Square.
Veritas Realty owner sells stake to partner
Veteran developer Danny Marr has sold his stake in Indianapolis-based Veritas Realty to a partner and plans to work as a residential real estate agent in Florida.