Redevelopment planned for prime Broad Ripple corner
A local real estate investor is trying to lure a new restaurant to a prime corner in Broad Ripple.
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INSIDE DISH: Sun King brewery blazes past initial sales goals
Founded in 2008, Indy's first production brewery in decades already has blitzed five-year goals and plans to ramp up capacity to as much as 12,000 barrels per year, says co-owner Clay Robinson.
Indianapolis’ ‘walkability’ touted to convention planners
Compact downtown is big selling point for sustainable-minded planners.
New outlook for a decrepit city neighborhood
Just a few minutes northeast of vibrant Monument Circle lurks the most notorious graveyard of Indianapolis’ industrial heyday—at least 70 of the city’s 500 brownfields. Now planners and developers aspire to revitalize the most contaminated neighborhood in Indianapolis into a success story.
Kite lands new tenants for Fishers shopping center
Kite Realty Group Trust has landed Goodwill, Dollar Tree and Mexico City Grill for a renovation of its Fishers Station shopping center at the northeast corner of 116th Street and Allisonville Road in Fishers.
Leader of local CB Richard Ellis office leaves to work for family business
David Reed is leaving to work for WisselReed Relocations, an Atlas Van Lines moving and storage franchise he started with his brother-in-law, David Wissel, in 2007.
Summit breathing new life into 1909 downtown building
Summit Realty Group has begun restoration of its future headquarters, a 1909 building at the southeast corner of Pennsylvania and New York streets that has been vacant 10 years.
Van Rooy buys Greenwood apartment complex
Indianapolis-based company purchases 438-unit Westminster Apartments from court-appointed receiver. The listing price of the property was $8.2 million.
Estridge drops Westfield sports complex, still plans stadium
The Estridge Cos. has withdrawn a proposal to build a massive youth sports complex in its master-planned Symphony development in Westfield.
Sun Capital’s cuts spark union drive at Marsh Supermarkets
Workers at the Beech Grove grocery will vote Sept. 17. The United Food and Commercial Workers would have to prevail in votes at all locations to provide representation for the entire chain.
Lauth revival hinges on judge approving settlement
The deal with financial backer Inland American Real Estate Trust would leave Lauth Group with fewer properties but a more manageable debt load.
Hat World acquires New York sporting goods dealer
The purchase of Anaconda Sports helps Hat World to grow its LIDS Team Sports division, created to expand the Indianapolis-based company’s reach beyond hat retailing.
Eateries cash in on TV appearance
Owners of Edwards Drive In and Bub’s Burgers & Ice Cream say they’ve experienced a large uptick in business after being featured last month on the Travel Channel’s popular “Man v. Food” show. Now Indianapolis’ Flying Cupcake and West Coast Tacos are hoping for their time in the spotlight, too.
State makes it easier to renew asbestos-removal license
Indiana currently licenses about 2,500 asbestos-removal professionals each year.
Lauth affiliate reaches deal to exit bankruptcy
The once-mighty Indianapolis-based developer laid low by the credit crisis has reached a deal to retain control of most of its properties.
Downtown YMCA reopens after crane accident
The YMCA at the Athenaeum Building had extensive water damage after a crane fell onto the building's roof Aug. 23. The crane burst a sprinkler line, sending water through much of the 1890s facility.
Former Hilbert mansion draws local interest in auction
Sealed-bid auction attracts a half-dozen bids from interested owners that are “more centrally located than you might think,”
said the listing agent.
Simon sees improving retail conditions, analyst says
Simon Property Group Inc. said retailers
leasing space in its malls have managed to weather the economic downturn and are already eyeing recovery plans for when the
economy improves.
Simon Property wraps up $2.3B outlet mall acquisition
Under the terms of the deal, Simon paid about $700 million for the owners’ interests in Baltimore-based Prime Outlets and
assumed $1.55 billion of Prime’s debt and preferred stock.
Property at busy crossroads finally attracts buyer
Environmental and zoning issues had made the property at the southwest corner of Keystone Avenue and Kessler Boulevard difficult
to sell.