Geist apartment complex sale ends drought of Class A transactions
Grande Reserve at Geist fetched $13.3 million, just shy of the asking price.
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New renderings just in: Buckingham’s North of South
The local developer Buckingham Cos. just filed detailed plans of its $150-million North of South development, including street-level renderings of most of the proposed buildings.
Start of downtown North of South project in flux
The developer of the $150 million mixed-use project in downtown Indianapolis had hoped to start construction by the end of the year. But delays in getting the project zoned properly likely will move the start date back.
City gaining one paved parking lot, losing another
As parking lots go, it will be one of the city's nicest. Perimeter landscaping. Tree islands to break up 354 spaces. Smart light fixtures. But the new pavement proposed for the former home of Market Square Arena also is an admission of failure.
Turkey Hill chain targets Indianapolis
A convenience-store chain called Turkey Hill Minit Markets is expanding into central Indiana. The chain opened its first Indianapolis store in October and plans to add at least five more by the end of 2011.
Diversity key to west-side revitalization plan
Over the last few months, a wave of events has given momentum to grass-roots efforts to revive the West 38th Street corridor and its broader neighborhood, which includes Lafayette Square Mall.
Running store chain changes name, opens new shop
The Running Co., now BlueMile, expands into Louisville, looks to add more stores in and outside Indiana
Dow AgroSciences moves into new research facility
The division of Dow Chemical has a 15-year lease with Indianapolis-based developer Browning Investments on the two-story building near West 96th Street.
School acquires remainder of former Herron Art Institute
Herron High School has acquired the parts of the former Herron Art Institute it did not already control, including the historic Fessler Building and a parking lot, from Minkis Builders for about $500,000.
INSIDE DISH: Santorini to return in short order
Owner Taki Sawi received a crash course in getting a restaurant back on its feet after a catastrophic fire on Oct. 11. The Greek eatery is slated to reopen in mid-December.
Landmark Theatres purchases Showplace Glendale 12
The theater at Glendale Mall will be called Landmark’s Glendale 12. Landmark Theatres is co-owned by Mark Cuban, an Indiana University graduate and owner of the Dallas Mavericks.
Fiat dealerships rolling back to metro area
After a three-decade absence from the market, Fiat is coming back to the Indianapolis area with new dealerships in Carmel and Greenwood.
Simon CEO: Mall owner has ‘firepower’ for deals
Indianapolis-based Simon Property Group Inc., the U.S. shopping-mall owner that paid $2.3 billion this year for an outlet-center business, has plenty of capital for more purchases, CEO David Simon said Tuesday.
Trail Side project faces another hurdle
A $10 million apartment and retail building planned for 875 Massachusetts Ave. was supposed to have broken ground by now. But difficulty in closing the sale of tax credits that will be used to finance the project could cause the deal to unravel.
Rolls-Royce eyeing former Lilly campus downtown
If the manufacturer and drugmaker can come to an agreement, Rolls-Royce would lease the space formerly occupied by Eli Lilly and Co. and relocate some of its 2,500 employees to the downtown campus on South Meridian Street. Discussions are expected to last several months.
October retail sales post best showing since March
Much of the strength came from a big rise in auto sales. Excluding autos, retail sales rose a more modest 0.4 percent.
Moe & Johnny’s owner files for bankruptcy reorganization
Owner Chuck Mack says popular tavern and restaurant Moe & Johnny’s, open in Broad Ripple since 1996, is in no danger of closing despite the Chapter 11 filing.
Mike’s Express Carwash sued in family feud
Mike’s Express Carwash and its principals, Bill and Mike Dahm, sons of founder Joe Dahm, are facing a lawsuit in Hamilton Superior Court brought by Jerry Dahm, a cousin who owned 35 percent of the company until May.
Area homes sales down for 6th straight month
Home-sale agreements in the nine-county central Indiana region plunged 40.7 percent in October compared to the same month a year ago, according to a report released Thursday morning by F.C. Tucker Co.
Noble Roman’s reports loss
Costs related to discontinued operations prompted the loss for Noble Roman’s, which is shelving its traditional store model in favor of offering its products in convenience and grocery stores.