Midway Produce acquired by U.S. Foodservice
Founded in 1999, Indianapolis-based Midway Produce mostly distributes produce to restaurants, health care facilities and schools throughout central Indiana.
Real Estate
Articles
Judge tosses Noble Roman’s franchisee claims
Noble Roman's Inc. has won a pivotal courtroom victory in a battle with 14 former franchisees of its dual-branded Noble Roman’s Pizza and Tuscano’s Italian Style Subs restaurants.
Airport could land $63M annually from land redevelopment
A consultant’s long-term land-use plan approved Friday morning by the Indianapolis Airport Authority recommends expected uses such as cargo and logistics, and offbeat uses such as construction of a solar-energy farm.
Castleton Plaza seeks bankruptcy reorganization
Shopping center on East 82nd Street lists nearly $10.4 million in liabilities and about $7.6 million in assets. The Chapter 11 filing follows a request to foreclose on the property from the center’s lender.
California investor losing grip on holdings
Blue Real Estate defaulted on a $17.5 million loan for six buildings in Park 100, according to a mortgage foreclosure suit Bank of America filed this month in Marion County.
Growth in farmers’ markets continues into winter months
The U.S. Department of Agriculture says there are about 900 winter farmers’ markets in operation—a 17-percent increase over the past two years. Two thrive locally, one downtown and one in Zionsville.
Near-east-side business district gets new tenant—a yoga studio
The budding commercial district, dubbed 10 East Main Street, landed Metta Yoga at 2807 E. 10th St.
Incentives, long-term leases urged for airport development
The Indianapolis Airport Authority board on Friday is set to approve a long-term land-use plan that will help steer future development in and around Indianapolis International Airport and its five smaller fields for decades to come.
Complaints spark IURC to limit telecom’s service territory
E.Com Technologies LLC, which serves the large Centennial subdivision in Westfield, cannot expand its service territory without the state agency’s permission. Charges of anti-competitive behavior led to the decision.
The case for eminent domain: Exhibit A
When the scaffolding went up at 42 E. Washington St., so did the hopes of many of its neighbors.
Marsh agrees to settle labor complaint
Marsh Supermarkets Inc. has agreed to pay a total of $42,500 to settle a National Labor Relations Board case accusing the grocery chain of interfering with workers’ attempts to unionize.
Kite Realty sees decline in quarterly results
Indianapolis-based Kite Realty Group Trust on Wednesday reported a fourth-quarter loss on declining revenue.
Duke Realty sells offices in shift toward industrial
Strategy also calls for greater Southeast presence, less investment in the Midwest.
Lilly’s master plan for downtown (real estate)
As Eli Lilly and Co. outsources work and sheds unnecessary properties, it is making moves with surplus real estate that could establish the strongest physical connection between Lilly and downtown since the company was founded at Pearl and Meridian streets 135 years ago.
Fourth-quarter commercial real estate stats for Indianapolis
Statistics for Indianapolis office and industrial property.
Borders bankruptcy claims downtown bookstore
It seemed inevitable but now it's official: Borders plans to close the downtown Indianapolis store as part of a Chapter 11 bankruptcy reorganization.
Appeals court agrees to hear challenge in Simon case
The Indiana Court of Appeals has agreed to hear an appeal from the widow of the late Melvin Simon, putting on hold a legal dispute over the mall magnate's more than $2 billion estate.
Home construction weak both locally, nationally
Home building in the Indianapolis area fell by more than 30 percent n January over the same month of 2010.
UPDATE: Borders files bankruptcy, to close 2 area stores
Borders will close its downtown-Indianapolis and Carmel stores as part of its plan to shutter about 30 percent of its stores nationally.
INSIDE DISH: Egyptian Cafe posts hot profits, fears smoking ban
Mohey Osman has breathed life into a Middle Eastern tradition at the Broad Ripple eatery and hooka bar, but a state smoking ban could choke the business.